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Logiciel Solutions IPO
Logiciel Solutions Ltd
₹2,19,600 /600 sharesMinimum Investment
Logiciel Solutions IPO Details
| Bidding dates | Minimum investment | Lot size | Price range |
|---|---|---|---|
| 28 Nov ‘25 - 2 Dec ‘25 | ₹2,19,600 | 600 | ₹183 - ₹193 |
| Issue size | IPO doc | Tentative allotment date | Tentative listing date |
|---|---|---|---|
| 39.90 Cr | RHP PDF | 03 Dec ‘25 | 05 Dec ‘25 |
| Face value |
|---|
| 10 |
About Logiciel Solutions
Founded in
2011
MD/CEO
Mr Umesh Sharma
Parent organisation
Logiciel Solutions Ltd
Strengths & Risks of Logiciel Solutions
Strengths
Risks
Logiciel Solutions claims to have substantial experience working with startup founders and technology leaders, supporting projects from MVP development to large-scale platforms. The company works on investor-ready demos, scalable and well-documented systems, and long-term maintainability. It also claims to deploy software teams that integrate with internal stakeholders and adapt to evolving business requirements.
The company claims to be an early adopter of AI tools such as Cursor, Microsoft Copilot, and Windsurf across its development lifecycle. These tools are used for automated code generation, AI-driven testing, bug detection, code reviews, and project forecasting through platforms like JIRA and ClickUp. This approach aims to enhance delivery speed and minimise manual effort.
Logiciel Solutions claims to onboard dedicated teams within 1-2 weeks for new projects. Its onboarding process includes immediate alignment on architecture, workflows, and communication protocols to ensure minimal ramp-up time.
By operating from India, the company claims to offer access to skilled technical talent at lower costs compared to hiring in the United States (US), the United Kingdom (UK), or Canada. This cost structure allows clients predictable budgets, extended operational runways, and the ability to scale teams without additional overhead.
The company claims to maintain long-standing client partnerships, with some engagements expanding from project-based work to ongoing development relationships. Its longest client engagement has continued for approximately 12 years. These extended partnerships are attributed to repeat business, expanding project scopes, and referrals.
The company has witnessed a consistent increase in its revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 13.92 crore in FY23 to Rs 16.94 crore in FY24 and Rs 20.90 crore in FY25. PAT increased from Rs 1.34 crore in FY23 to Rs 3.97 crore in FY24 and Rs 5.47 crore in FY25.
The top customer accounted for Rs 6.53 crore (51.34 percent) of the company’s revenue for the period ended September 30, 2025; Rs 13.04 crore (62.37 percent) in FY25; Rs 11.81 crore (69.76 percent) in FY24; and Rs 8.35 crore (59.97 percent) in FY23. Any adverse change in business volume, payment behaviour, or continuity of engagement from this key client can materially affect the company’s revenue, financial condition, and overall operations.
The US accounted for 96.28 percent, 96.48 percent, 99.60 percent, and 98.60 percent of the company’s revenue for the period ended September 30, 2025, in FY25, FY24, and FY23, respectively. This high dependence exposes the company to economic, regulatory, and geopolitical developments specific to the US, including recessionary trends, outsourcing restrictions, or changes in data privacy laws. Any adverse shifts in the US business environment or reductions in demand from customers in that region could hurt the company’s operations, revenue stability, and financial performance.
Logiciel Solutions derives a significant portion of its revenue from clients operating in the home improvement and construction industry. This segment accounted for Rs 7.43 crore for the period ended September 30, 2025, Rs 14.51 crore in FY25, Rs 11.81 crore in FY24, and Rs 10.54 crore in FY23. Any loss of customers in this sector, or a reduction in service demand due to industry-specific fluctuations, could hit the company’s revenue and profits.
The company reported negative cash flow from operating activities amounting to Rs 0.75 crore for the period ended September 30, 2025, Rs 1.65 crore in FY25, and Rs 1.30 crore in FY24. Negative cash flow from investing activities amounted to Rs 3.44 crore for the period ended September 30, 2025; Rs 4.28 crore in FY25; Rs 1.41 crore in FY24; and Rs 0.87 crore in FY23. Negative cash flow from financing activities amounted to Rs 0.01 crore for the period ended September 30, 2025, Rs 0.03 crore in FY24, and Rs 0.10 crore in FY23. The company also experienced a net decrease in cash and cash equivalents of Rs 2.76 crore in FY24. Recurring negative cash flows may restrict the company’s ability to fund operations, support growth, or manage liquidity effectively.
Employee benefit expenses accounted for Rs 6.47 crore (50.47 percent) of the company’s total income for the period ended September 30, 2025; Rs 11.23 crore (53.00 percent) in FY25; Rs 8.93 crore (52.24 percent) in FY24; and Rs 8.26 crore (58.65 percent) in FY23. This high cost structure makes the company sensitive to fluctuations in hiring needs, wage inflation, and statutory compliance requirements. Any further increase in employee-related expenses could impact profitability and reduce financial flexibility.
The company and its promoters are involved in certain ongoing tax proceedings. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
Logiciel Solutions Financials
*All values are in Rs. Cr
No Graph Data To Display
Application Details of Logiciel Solutions IPO
| Apply as | Price band | Apply Range | Lot size |
|---|---|---|---|
| Individual investor | ₹183 - 193 | ₹2 - 5 Lakh | 600 |
For Logiciel Solutions IPO, eligible investors can apply as Individual investor.