Logiciel Solutions IPO Subscription Status; IPO Subscribed by 0.74 Times So Far on Day 1

Ludhiana, November 28: Logiciel Solutions IPO subscription status shows that the IPO has been subscribed by 0.74 times, as of 3:00 PM, on its first day of bidding. Until now, it has received bids for 14,59,200 shares, against 19,63,800 shares on offer. Retail investors are leading the subscription by 1.25 times, bidding for 11,72,400 shares, against 9,34,800 shares on offer. Non-Institutional Buyers have subscribed to the IPO by 0.31 times, bidding for 2,86,800 shares, against 9,28,800 shares on offer. QIBs are yet to subscribe to the IPO.

Logiciel Solutions is an AI-First Software Engineering company from India. It operates primarily as an outsourced software development partner, delivering end-to-end custom technology solutions to startups, small to medium-sized businesses (SMBs), and enterprises globally, with a focus on North America. The company was established in 2011, and is headquartered in Ludhiana, Punjab.

Key Details About Logiciel Solutions IPO

The ₹39.90 crore Logiciel Solutions IPO is a combination of fresh issue of 0.17 crore shares aggregating to ₹32.70 crores and offer for sale of 0.04 crore shares aggregating to ₹7.20 crores. Logiciel Solutions IPO price band is set at ₹183 to ₹193 per share. The lot size is 600 shares per application. The minimum investment amount required by a retail investor is at ₹2,31,600 (1,200 shares) at the upper price band. The minimum lot size investment for HNI is 3 lots (1,800 shares), amounting to ₹3,47,400. Fintellectual Corporate Advisors Pvt.Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Prabhat Financial Services Ltd.

Logiciel Solutions IPO: Utilisation of Funds

The company has outlined that it will utilise ₹1.86 crore from the IPO proceeds for modernising the existing setup, while it will use ₹15.28 crore for human resource and product development. Another ₹4.17 crore will be used for upgrading the IT infrastructure, while ₹2.50 crore will be used for business development and marketing. The remaining amount of ₹6.89 crore will be used for general corporate purposes.

Logiciel Solutions IPO Financial Highlights

As of 30 September 2025, the company held assets worth ₹30.49 crore, compared to ₹27.40 crore at the end of March 2025, ₹12.98 crore in March 2024, and ₹8.57 crore in March 2023. Total income rose to ₹12.83 crore in September 2025, up from ₹21.20 crore in March 2025, ₹17.10 crore in March 2024, and ₹14.09 crore in March 2023. Profit after tax stood at ₹3.56 crore in September 2025, ₹5.47 crore in March 2025, ₹3.97 crore in March 2024, and ₹1.34 crore in March 2023.

What’s Ahead for Logiciel Solutions IPO?

Logiciel Solutions IPO has witnessed modest demand on its first day so far. However, the IPO is very close to being fully subscribed. Full subscription is expected by its next two days of bidding. The share allotment for Logiciel Solutions IPO is expected on December 3, while the company will credit the shares and initiate refunds on December 4. The IPO will close on December 2, and the shares of the company are expected to list on BSE SME on December 5.

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