Digilogic Systems IPO is a ₹81 Crore book-built SME issue, which comprises a fresh issue of 63,09,596 equity shares worth ₹70 Crore and an offer-for-sale of 10,89,600 Equity Shares worth ₹11 Crore, at face value ₹2/share.
The subscription for Digilogic Systems IPO starts on 20 January 2026 and ends on 22 January 2026. Digilogic Systems shall allot its shares on 23 January 2026 and list on BSE SME on 28 January 2026.
Digilogic Systems fixes its IPO price band within ₹98/share to ₹104/share. The retail investors’ minimum bid size is 2,400 shares, with 1,200 shares/lot, requiring an investment worth ₹2,49,600 (at the upper price band).
Digilogic Systems IPO: Details
| IPO Opens | 20 January 2026 |
| IPO Closes | 22 January 2026 |
| Face value | ₹2 |
| Price Band | ₹98 to ₹104/share |
| Issue price | – |
| IPO Lot Size | 1,200 shares |
| Offer for sale | 10,89,600 Equity Shares (approximately ₹70 Crore) |
| Fresh issue | 63,09,596 Equity Shares (approximately ₹11 Crore) |
| Issue Type | Book-built |
| Listing | BSE SME |
| Total Issue Size (₹ Crore) | ₹81 Crore (77,89,196 Equity Shares) |
| Minimum Retail Investment | ₹2,49,600 |
Digilogic Systems IPO Timeline
| Bid Opening Date | 20 January 2026 |
| Bid Closing Date | 22 January 2026 |
| Allotment | 23 January 2026 |
| Refunds Initiated | 27 January 2026 |
| Share Credit Date | 27 January 2026 |
| Listing Date | 28 January 2026 |
| UPI mandate Cut-off time | 22 January 2026 (5 PM) |
Digilogic Systems Key Performance Indicators (KPIs)
| KPIs | 2025 | 2024 | 2023 |
| ROE (%) | 34.57% | 19.53% | 21.76% |
| ROCE (%) | 34.27% | 19.10% | 20.68% |
| Debt-Equity Ratio (in times) | 0.4 | 0.6 | 0.98 |
| RoNW (%) | 34.57% | 19.53% | 21.76% |
| PAT Margin (%) | 11.26% | 4.65% | 3.89% |
| EBITDA Margin (%) | 18.60% | 10.56% | 9.43% |
| Price-Book Value | – | – | – |
Digilogic Systems IPO Financial Information
| 2025 (in ₹ lakh) | 2024 (in ₹ lakh) | 2023 (in ₹ lakh) | |
| Revenue | 7,205.98 | 5,155.93 | 5,596.23 |
| Assets | 7,257.35 | 3,555.43 | 3,549.21 |
| Profit After Tax | 811.35 | 239.96 | 217.51 |
Subscription Status: Digilogic Systems IPO
Here’s the Digilogic Systems IPO subscription rate. Check it out!
| Day | QIB | NII | Retail Investor | Employee | Total Subscription |
| 20 January(Day 1) | 0.57x | 0.08x | 0.20x | – | 0.29x |
| 21 January(Day 2) | – | – | – | – | – |
| 22 January(Day 3) | – | – | – | – | – |
Digilogic Systems IPO GMP
Digilogic Systems IPO GMP of ₹0 points to a neutral grey market view. The listing price fell from ₹109 to ₹104 as of 17 January 2026, which shows no anticipated upside or downside from the issue price.
| Date | GMP (₹) | Estimated Listing Price | Estimated Listing Gain | Trend |
| 20 January 2026 | ₹0 | ₹104 | ₹0 (0.00%) | – |
| 19 January 2026 | ₹0 | ₹104 | ₹0 (0.00%) | – |
| 18 January 2026 | ₹0 | ₹104 | ₹0 (0.00%) | – |
| 17 January 2026 | ₹0 | ₹104 | ₹0 (0.00%) | ⬇️Decreased |
| 16 January 2026 | ₹5 | ₹109 | ₹6,000 (4,81%) | – |
Note: GMP data are unofficial and are subject to change based on shifting investor interest, subscription levels, and market conditions.
Digilogic Systems IPO Reservation
Reservation for the Digilogic Systems IPO shares:
| Category | % of Shares Offered | Shares offered |
| Market makers | 4.76% | 3,90,000 |
| QIBs | 20.54% | 16,83,600 |
| Anchor Investors | 27.06% | 22,18,800 |
| Retail Investors | 33.34% | 27,33,600 |
| NII shares offered (HNI) | 14.30% | 11,72,400 |
| Total Shares Offered | 100.00% | – |
Digilogic Systems IPO: Lot Size
The retail investors must bid for a minimum of 2,400 shares, which is 2 lots, 1,200 shares/lot.
| Application | Lot Size | Shares | Amount(in ₹) |
| Retail Investors Minimum Application | 2 | 2,400 | ₹2,49,600 |
| Retail Investors Maximum Application | 2 | 2,400 | ₹2,49,600 |
| S-HNI Minimum Application | 3 | 3,600 | ₹3,74,400 |
| S-HNI Maximum Application | 8 | 9,600 | ₹9,98,400 |
| B-HNI Minimum Application | 9 | 10,800 | ₹11,23,200 |
Digilogic Systems IPO: Anchor Investors Details
| Bidding Opens On | 19 January 2026 |
| Shares to be Offered | 22,18,800 Equity Shares |
| Anchor Investor Issue Size | ₹23.08 Crore |
| 30 days lock-in expiry date (50% of shares) | 22 February 2026 |
| 90 days lock-in expiry date (For remaining shares) | 23 April 2026 |
Digilogic Systems IPO Prospectus
| Digilogic Systems IPO DRHP(Doc) | |
| Digilogic Systems IPO RHP(Doc) | |
| Digilogic Systems IPO Anchor Investors | |
| Digilogic Systems IPO Final Prospectus | – |
About Digilogic Systems Limited
Digilogic Systems Limited, incorporated on 8 May 2007, operates as a technology-focused company serving India’s defence and aerospace ecosystem.
Under the leadership of Chairman & Managing director Mr Madhusudhan Varma Jetty, the company has built capabilities around high-precision engineering and mission-critical systems used in complicated operating environments.
The company works across the full lifecycle of advanced systems, covering the creation, integration, production, supply, and ongoing support of Automated Test Equipment (ATE), radar and electronic warfare simulators, specialised software, and embedded signal processing solutions. These capabilities are mainly deployed within defence and aerospace programmes that demand high precision, stability, and dependable performance.
| Book Running Lead Managers (BRLM) | Indorient Financial Services Ltd. |
| IPO Registrar | Kfin Technologies Ltd. |
Objectives of Digilogic Systems
| Particulars | Amount (in ₹ lakh) |
| Capital expenditure for new facility | 5,173.78 |
| Payment of borrowings | 800.00 |
| Corporate requirements | – |
Strength Of Digilogic Systems
- Year-long experience: The company has over 18 years of experience in providing defence and aerospace systems and solutions.
- Industrial & international networks: The company has established long-standing relationships with India’s defence and aerospace ecosystem, with its solutions playing an essential role.
- End-to-end solution: The company provides integrated solutions that span the complete system development lifecycle from initial design to post-deployment support.
- Reusable engineering platforms: The company leverages its solution that facilitates expedited customisation for various defence and aerospace applications.
Risk of Digilogic Systems
- New facility execution risk: The company might face delays or cost overruns in commissioning the proposed facility, impacting its operations and finances.
- Offer utilisation uncertainty: The company cannot fully assure the timely achievement of its IPO objectives and the effective use of proceeds.
- Past filing inconsistencies: The company has inconsistencies in corporate filings that could attract regulatory scrutiny, penalties, or compliance-related costs.
- Regulatory filing delays: The company has previously delayed statutory filings related to taxes and employee compliance, which may pose compliance and reputational risks.
Digilogic Systems IPO Review
Digilogic Systems IPO presents a niche defence and aerospace player with consistent revenue growth, improving margins, and strong return ratios. The company’s lower debt levels and rising profitability strengthen its financial profile.
However, the IPO’s neutral GMP suggests muted listing expectations. The Digilogic Systems IPO may be suitable for investors who want to get involved in specialised engineering businesses, with a preference for fundamentals over short-term listing gains and an ability to assess execution and compliance risks.
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Digilogic Systems IPO FAQs
The Digilogic Systems IPO is a book-built SME issue worth ₹81 crore, comprising a fresh issue and an offer for sale. The company operates in defence and aerospace engineering, providing specialised technology-driven systems and solutions.
Investors can apply for the Digilogic Systems IPO through ASBA-enabled bank accounts or UPI-supported broker platforms. The applicants must place bids within the price band and approve the mandate before the cut-off to be eligible for allotment.
The Digilogic Systems IPO shows strong financial growth, healthy margins, and low leverage, balanced against execution, regulatory, and utilisation risks. Its suitability depends on the investor’s risk appetite and comfort with SME listings.
The Digilogic Systems IPO, with a GMP of ₹0, indicates flat listing expectations, and the returns are likely to depend more on long-term business performance than the short-term market momentum.
The Digilogic Systems IPO opens for subscription on 20 January 2026 and closes on 22 January 2026, with bids required to be completed within this period.
The retail lot size for the Digilogic Systems IPO is 1,200 shares. And the retail investors must apply for a minimum of two lots, amounting to 2,400 shares.
The Digilogic Systems IPO shares are scheduled for allotment on 23 January 2026, after which investors can check their status through the registrar or trading platforms.
The Digilogic Systems IPO shares are expected to list on the BSE SME platform on 28 January 2026, subject to completion of the allotment process.
