Logiciel Solutions IPO: Check GMP, price band, subscription and other details

Synopsis Logiciel Solutions’ ₹39.90 crore SME IPO opened on Friday with steady investor interest, reflected in a grey market premium of around 21%. The issue, priced at ₹183–193 per share, includes a ₹32.70 crore fresh issue and a ₹7.20 crore offer for sale. Retail investors must apply for at least 1,200 shares (₹2.31 lakh at the upper band). Logiciel Solutions launched its Rs 39.90 crore SME IPO on Friday, entering the market with moderate but steady investor appetite as the grey market premium (GMP) stood at around 21% on the opening day. The offer will remain open for bidding until December 2, with allotment expected on December 3 and listing scheduled for December 5 on the BSE SME platform. The company has fixed a price band of Rs 183–193 per share. Retail investors must apply for a minimum of 1,200 shares, translating to a ticket size of Rs 2.31 lakh at the upper band. The IPO includes a fresh issue worth Rs 32.70 crore and an offer for sale of Rs 7.20 crore. Post-issue, Logiciel's total share capital will expand from 57.7 lakh shares to 74.7 lakh shares. Fintellectual Corporate Advisors is acting as the lead manager, while Maashitla Securities is the registrar. IPO structure A total of 20.67 lakh shares are on offer. Retail investors have been allocated 45.21% of the issue, while non-institutional investors account for 44.92%. Only 4.85% of the shares are reserved for QIBs—typical of SME IPOs where institutional participation is limited. The market maker portion stands at 5.02%. Live Events The anchor book, if applicable in SME issues, was completed earlier with the market maker Prabhat Financial Services designated to support liquidity. Business overview Logiciel Solutions is an outsourced software development company that partners with global startups and enterprises to build scalable, high-performance digital products. It offers a wide range of services, including cloud engineering, application development, big data and analytics, UI/UX design, QA testing, mobile app development, and AI/ML-led solutions. The company positions itself as a strong offshore technology partner for early-stage and growth-stage businesses, helping them design, build, deploy, and maintain mission-critical software systems. Its clients span multiple industries such as home improvement, marketing tech, artificial intelligence, real estate, retail, and energy. Financial performance Logiciel reported revenue of Rs 21.20 crore in FY25, up 24% from Rs 17.10 crore in FY24. Profit after tax rose 38% to Rs 5.47 crore, reflecting strong operating leverage. For the half-year ended September 2025, revenue stood at Rs 12.83 crore and profit at Rs 3.56 crore. Use of Proceeds Funds raised through the fresh issue will be allocated to upgrade physical infrastructure, investments in human resources and product development, improve IT infrastructure and fund business development and marketing initiatives. GMP and Listing Outlook The GMP of 21% suggests a potential listing price in the range of Rs 230–240 per share, though actual listing performance will depend on subscription trends and broader SME market sentiment over the next few days. With a differentiated service portfolio, strong return metrics, a debt-free balance sheet, and consistent revenue growth, Logiciel Solutions is expected to attract steady interest through the subscription window. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel) (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price ...moreless Why Leyland and Iveco stand between Tata Motors and return to glory You bought IPOs of loss makers; check out what kind of companies are lining up How glitches-hit Air India is preparing for a take off India’s SIP boom has a hidden crisis: Are high dropout rates impacting wealth creation? Stock Radar: AB Capital stock in a sustained uptrend, hits fresh record high in November – time to buy or book profits? Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus 1 2 3