Logiciel Solutions IPO Listing: Shares of Logical Solutions, which provides software development services to startups and emerging businesses as per their needs, had a lackluster entry on BSE SME today. Its IPO also did not get much response from investors and the reserved portion for each category was not fully filled. Overall it had received more than 2 times the bid. Under its IPO, shares have been issued at a price of ₹ 193. Today it has entered at ₹ 795.00 on BSE SME and ₹ 785.00 on NSE, which means that IPO investors did not get any listing gain, rather the capital of IPO investors decreased by 20% on entry in the market. IPO investors got a further shock when the shares fell further. It fell to the lower circuit of ₹ 146.70 (Logiciel Solutions Share Price) and closed at the same i.e. IPO investors are now at 23.99% loss.
How will Logiciel Solutions IPO money be spent?
Logical Solutions’ ₹39.90 crore IPO was open for subscription from November 28 to December 2. This IPO received a mixed response from investors and overall it was subscribed 2.04 times. In this, the portion reserved for Qualified Institutional Buyers (QIB) was 1.32 times (ex-anchor), the portion for Non-Institutional Investors (NII) was 0.73 times and the portion for retail investors was 3.43 times.
New shares worth ₹32.70 crore have been issued under this IPO. Apart from this, 3,73,200 shares with face value of ₹ 10 have been sold under the offer for sale window. The shareholders who sold the shares have received the money from the offer for sale. Of the money raised through new shares, ₹1.86 crore will be spent on upgrading physical infra, ₹15.28 crore will be invested in human resources, ₹4.17 crore will be spent on upgrading IT infra, ₹2.50 crore will be spent on business development and marketing and the remaining money will be spent on general corporate purposes.
About Logiciel Solutions
Founded in July 2011, Logical Solutions is an outsourced software development company that provides services to startups and enterprises around the world. It works on cloud engineering, AI/ML, UI/UX design and app development. Talking about the financial health of the company, it has continuously strengthened. It had a net profit of ₹1.34 crore in FY 2023, which jumped to ₹3.97 crore in the next FY 2024 and ₹5.47 crore in FY 2025. During this period, the total income of the company increased at a compound growth rate (CAGR) of more than 22% annually to ₹ 21.20 crore. Talking about the current financial year 2026, in the first half April-September 2025, the company has achieved a net profit of ₹ 3.56 crore and total income of ₹ 12.83 crore. At the end of September 2025, the company had ₹ 21.50 crore in its reserves and surplus.
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