Logiciel Solutions IPO tanks 24% on debut, investors lose capital.

• Logiciel Solutions IPO had a weak listing on BSE SME, with shares closing at a 23.99% loss on the first day.
• The company's shares, issued at ₹193, closed at the lower circuit of ₹146.70, causing significant investor losses.
• The ₹39.90 crore IPO was subscribed 2.04 times overall, receiving a mixed response from investors across categories.
• Logiciel Solutions is an outsourced software development company that reported strong financial growth, with net profit reaching ₹5.47 crore in FY25.

Why It Matters: Logiciel Solutions IPO debut saw investors lose 24%, showing SME market risks.