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

Synopsis

Logiciel Alternate solutions’ ₹39.90 crore SME IPO opened on Friday with authorized investor interest, reflected in a grey market top rate of around 21%. The difficulty, priced at ₹183–193 per fragment, incorporates a ₹32.70 crore new snort and a ₹7.20 crore supply on the market. Retail patrons must discover for no less than 1,200 shares (₹2.31 lakh on the upper band).

Hear to this text in summarized layout

Logiciel Alternate solutions launched its Rs 39.90 crore SME IPO on Friday, coming into the market with average but authorized investor scramble for food because the grey market top rate (GMP) stood at around 21% on the outlet day. The supply will remain open for bidding except December 2, with portion anticipated on December 3 and itemizing scheduled for December 5 on the BSE SME platform.

The company has mounted a label band of Rs 183–193 per fragment. Retail patrons must discover for no less than 1,200 shares, translating to a tag dimension of Rs 2.31 lakh on the upper band. The IPO incorporates a new snort price Rs 32.70 crore and an supply on the market of Rs 7.20 crore.

Put up-snort, Logiciel’s total fragment capital will amplify from 57.7 lakh shares to 74.7 lakh shares. Fintellectual Company Advisors is appearing because the lead manager, while Maashitla Securities is the registrar.

IPO building

A crammed with 20.67 lakh shares are on supply. Retail patrons had been allocated forty five.21% of the snort, while non-institutional patrons tale for 44.92%. Simplest 4.85% of the shares are reserved for QIBs—traditional of SME IPOs the place institutional participation is limited. The market maker half stands at 5.02%.

The anchor e-book, if relevant in SME points, became once done earlier with the market maker Prabhat Financial Services designated to toughen liquidity.

Alternate overview

Logiciel Alternate solutions is an outsourced software development company that companions with world startups and enterprises to maintain scalable, high-performance digital products. It provides a gargantuan sequence of services, at the side of cloud engineering, utility development, gargantuan data and analytics, UI/UX make, QA checking out, cell app development, and AI/ML-led solutions.

The company positions itself as a distinguished offshore skills associate for early-stage and yell-stage agencies, serving to them make, maintain, deploy, and withhold mission-excessive software systems. Its purchasers span a few industries equivalent to house improvement, advertising and marketing tech, man made intelligence, proper estate, retail, and vitality.

Financial performance

Logiciel reported revenue of Rs 21.20 crore in FY25, up 24% from Rs 17.10 crore in FY24. Earnings after tax rose 38% to Rs 5.47 crore, reflecting robust operating leverage. For the half-yr ended September 2025, revenue stood at Rs 12.83 crore and profit at Rs 3.56 crore.

Expend of Proceeds

Funds raised through the brand new snort can be allocated to make stronger physical infrastructure, investments in human resources and product development, make stronger IT infrastructure and fund commerce development and advertising and marketing initiatives.

GMP and Record Outlook

The GMP of 21% suggests a doable itemizing label in the vary of Rs 230–240 per fragment, though proper itemizing performance will count on subscription trends and broader SME market sentiment over the following couple of days. With a differentiated service portfolio, robust return metrics, a debt-free stability sheet, and consistent revenue yell, Logiciel Alternate solutions is anticipated to map authorized interest through the subscription window.

(Disclaimer: Recommendations, solutions, views and opinions given by the consultants are their luxuriate in. These attain no longer symbolize the views of Financial Times)

…extraless

…extraless