Today marks the listing of Logiciel Solutions on the BSE-SME platform, following closure of its book-built IPO that ran from November 28 to December 2.
The IPO size was around ₹40 crore, with a price band of ₹183 to ₹193 per share. Minimum application lot was 600 shares, meaning a retail investor needed at least ₹1.15 lakh for one lot at the upper band.
Ahead of the listing, the unofficial grey-market premium (GMP) stood at ₹0, indicating neutral sentiment and suggesting that expectations of listing gains are currently modest.
Logiciel Solutions is a software-services company offering outsourced development, cloud engineering, AI/ML solutions, UI/UX design, and application development — primarily serving global clients.
The IPO proceeds are to be used for improving infrastructure, investing in human resources and product development, upgrading IT systems, and marketing/ business-development efforts.
Given the current GMP and listing on a smaller SME exchange segment, many analysts expect the listing to be modest (i.e., likely price close to IPO band), rather than delivering a large “pop.”
