Logiciel Solutions Limited IPO
Logiciel Solutions Limited is an outsourced software development company delivering end-to-end digital solutions to startups and enterprises across the globe. With strong expertise in Cloud Engineering, AI/ML, Application Development, UI/UX Design, Big Data, and QA Automation, the company builds scalable, secure, and high-performance software products.
For more than a decade, Logiciel has served as an offshore technology partner helping innovative startups and fast-growth businesses convert product ideas into market-ready digital platforms. The company specializes in building web, mobile, and cloud-native applications using cutting-edge technologies complemented by a pragmatic adoption of AI-assisted engineering, enhancing delivery speed, quality, and cost efficiency.
Global Delivery Model
The company operates through a central development center in Ludhiana, supported by a structured network of remote engineering teams across India. This hybrid model ensures:
i) High control over quality and delivery from its in-house team
ii) Access to a diverse talent pool through remote contributors
iii) Optimal scalability for clients requiring rapid team expansion
AI-Driven Development Approach
Logiciel strategically integrates Artificial Intelligence (AI) across the software lifecycle—from code generation and automated testing to UI/UX enhancements and project management. This enables Faster development cycles, Improved reliability and product performance and Intelligent planning and execution through AI-powered tools.
Client Relationships & Industry Experience
The company’s long-term value is demonstrated by its multi-year client relationships across North America, with its longest ongoing partnership spanning over 12 years. Logiciel’s delivery excellence, transparency, and domain understanding have led to repeated engagements and strong referral-led growth.
Competitive Strengths
i) Expertise in startup and scale-up product engineering
ii) Early adoption of AI-augmented development
iii) Rapid onboarding within 1–2 weeks
iv) Cost-efficient offshore development model
v) High client retention and multi-year engagements
Objects of the Logiciel Solutions Limited IPO:
Logiciel Solutions Limited IPO Details:
| Open Date: | Nov 28 2025 |
| Close Date: | Dec 02 2025 |
| Total Shares: | 18,81,000 |
| Face Value: | ₹ 10 Per Equity Share |
| Issue Type: | Book Building |
| Issue Size: | 36.30 Cr. |
| Lot Size: | 600 Shares |
| Issue Price: | ₹ 183 - 193 Per Equity Share |
| Listing At: | BSE SME |
| Listing Date: | Dec 05 2025 |
Promoters And Management:
Financials of Logiciel Solutions Limited IPO:
| Particulars | 6M FY2025-26 | FY 2024-25 | FY 2023-2024 | FY 2022-2023 |
| Revenue from Operations (Cr) | 12.71 | 20.90 | 16.93 | 13.92 |
| EBITDA (Cr) | 5.03 | 8.14 | 6.16 | 2.51 |
| EBITDA Margins | 39.58% | 38.95% | 36.40% | 18.09% |
| PAT (Cr) | 3.55 | 5.47 | 3.97 | 1.34 |
| PAT Margins | 27.93% | 26.17% | 23.45% | 9.63% |
| ROCE | 13.94% (not annualized) | 32.80% | 51.78% | 26.80% |
| OPerating Cash Flow | -0.75 | -1.64 | -1.3 | 2.25 |
| Debt to Equity Ratio(In Times) | 0 | 0 | 0.05 | 0.09 |
Comparison With Peers:
| Companies | Revenue (in cr) | EBITDA Margins | PAT Margins | ROCE | D/E Ratio | MCap (in cr) | P/E |
| M/s Logiciel Solutions Limited | 20.90 | 38.95% | 26.17% | 32.80% | 0.00 | 144.14 | 26.35 |
| Kody Technolab Limited | 72 | 35% | 6% | - | 0.17 | 928.00 | 52.70 |
| Systango Technologies Limited | 67 | 34% | 36% | 29% | 0% | 51800% | 16 |
| Infobeans Technologies Limited | 395 | 17% | 9.62% | 16.80% | 0.04 | 1353 | 21 |
| NOTE:Forward P/E is 20.30 According to FY 2026 PAT | |||||||
Lead Manager of Logiciel Solutions Limited IPO:
Registrar of Logiciel Solutions Limited IPO:
Discussion on Logiciel Solutions Limited IPO:
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