Digilogic Systems IPO Shows Moderate Response, Subscribed 1.10x on Day 3

Digilogic Systems Limited's initial public offering (IPO) has demonstrated moderate investor interest through its third and final day of subscription. The stock price band is set at ₹98-104 per share. The ₹81.01 crore IPO reached 1.10 times by 4:54:57 PM on day three. 

Digilogic Systems IPO subscription reached moderate 1.10 times on day three. It was led by Qualified Institutional Buyers Ex-Anchor (1.60x), Individual Investors (1.08x), and Non-Institutional Investors (0.42x). Total applications reached 1,331.

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Subscription Status of Digilogic Systems IPO:

Here are the subscription details for Digilogic Systems IPO as of Day 3 (January 22, 2026, 4:54:57 PM):

Key Highlights - Day 3:

• Overall subscription reached moderate 1.10 times, showing substantial improvement from day two's 0.45 times
• Qualified institutional buyers (ex-anchor) displaying moderate performance at 1.60 times, building substantially from day two's 0.57 times, indicating improved institutional appetite for this defence and aerospace technology provider
• Individual investors showing moderate confidence at 1.08 times, building substantially from day two's 0.48 times, indicating moderate retail demand for this SME IPO
• Non-institutional investors showing weak performance at 0.42 times, building substantially from day two's 0.20 times, but still indicating weak HNI appetite
• Cumulative bid amount reached ₹63.74 crores, modestly exceeding the net offer size of ₹58.13 crores (excluding anchor and market maker portions) by approximately 1.1 times
• Anchor investors fully subscribed their allocation of ₹23.08 crores on January 19, 2026
• Market makers fully subscribed their allocation of ₹4.06 crores

Key Highlights - Day 2:

• Overall subscription reached weak 0.45 times, showing modest improvement from day one's 0.33 times
• Qualified institutional buyers displaying weak performance at 0.57 times, unchanged from day one's 0.57 times
• Individual investors showing weak confidence at 0.48 times, building substantially from day one's 0.29 times
• Non-institutional investors showing weak performance at 0.20 times, building substantially from day one's 0.09 times

Key Highlights - Day 1:

• Overall subscription reached weak 0.33 times, showing cautious initial investor interest
• Qualified institutional buyers displaying weak performance at 0.57 times, indicating cautious institutional interest
• Individual investors showing weak confidence at 0.29 times, indicating weak retail appetite
• Non-institutional investors showing negligible performance at 0.09 times, indicating very weak HNI interest

About Digilogic Systems Limited

Incorporated in 2011, Digilogic Systems Limited is engaged in the design, development, integration, manufacturing, supply, and support of automated test equipment (ATE) systems, radar and electronic warfare simulators, application software, and embedded signal processing solutions for the defence and aerospace engineering sector. The company's business includes the design, development, manufacturing, assembling, integration, and support of test systems, system software, and embedded solutions. Its offerings are organised into three segments: test systems, including ATE, checkout systems, and radar/EW simulators; application software, comprising data acquisition platforms and IP cores; and services, covering system integration, upgrades, and lifecycle support.