Digilogic Systems IPO
Digilogic Systems IPO Details
-
Open Date
20 Jan 2026
-
Close Date
22 Jan 2026
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Listing Date
28 Jan 2026
- IPO Price Range
₹ 98 to ₹104
- IPO Size
₹ 81.01 Cr
- Listing Exchange
BSE SME
Digilogic Systems IPO Timeline
Digilogic Systems IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 20-Jan-2026 | 0.57 | 0.09 | 0.29 | 0.33 |
| 21-Jan-2026 | 0.57 | 0.20 | 0.48 | 0.45 |
| 22-Jan-2026 | 1.60 | 0.42 | 1.08 | 1.10 |
Last Updated: 22 January 2026 6:36 PM by 5paisa
Digilogic Systems Ltd designs, develops, manufactures and supports advanced automated test equipment, radar and electronic warfare simulators, application software and embedded signal-processing solutions for the defence and aerospace sector. Its operations span three segments: test systems, application software and services. The company delivers end-to-end capabilities across the project lifecycle, from concept and system integration to upgrades, deployment and long-term lifecycle support, with limited industrial automation applications for specialised defence programmes.
Established in: 2011
Managing Director: Madhusudhan Varma Jetty
Peers:
DCX Systems Limited
Zen Technologies Limited
Data Patterns (India) Limited
Apollo Micro System Limited
Ananth Technologies Private Limited
Digilogic Systems Objectives
1. Capital expenditure for setting up a new manufacturing facility ₹51.74 crore
2. Partial or full repayment of existing borrowings ₹8.00 crore
3. Utilisation for general corporate purposes
Digilogic Systems IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹ 81.01 Cr |
| Offer For Sale | ₹ 11.33 Cr |
| Fresh Issue | ₹ 69.68 Cr |
Digilogic Systems IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2400 | 2,35,200 |
| Retail (Max) | 2 | 2400 | 2,49,600 |
| S-HNI (Min) | 3 | 3600 | 3,52,800 |
| S-HNI (Max) | 8 | 8400 | 8,73,600 |
| B-HNI (Min) | 9 | 9600 | 9,40,800 |
Digilogic Systems IPO Reservation
| Investors Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB (Ex Anchor) | 1.60 | 16,83,600 | 26,95,200 | 28.030 |
| Non-Institutional Buyers | 0.42 | 11,72,400 | 4,90,800 | 5.104 |
| bNII (bids above ₹10L) | 0.20 | 7,82,400 | 1,53,600 | 1.597 |
| sNII (bids below ₹10L) | 0.86 | 3,90,000 | 3,37,200 | 3.507 |
| Individual Investors (IND category bidding for 2 Lots) | 1.08 | 27,33,600 | 29,47,200 | 30.651 |
| Total** | 1.10 | 55,89,600 | 61,33,200 | 63.785 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Revenue | 55.96 | 51.56 | 72.06 |
| EBITDA | 5.28 | 5.44 | 13.40 |
| PAT | 2.18 | 2.40 | 8.11 |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Total Assets | 35.49 | 35.55 | 72.57 |
| Share Capital | 2.00 | 2.00 | 4.45 |
| Total Liabilities | 21.15 | 19.62 | 36.55 |
| Cash Flows (₹ Crores) | FY23 | FY24 | FY25 |
| Net Cash Generated From / (used in) Operating Activities | - 6.65 | 5.49 | -10.51 |
| Net Cash Generated From / (used in) Investing Activities | -0.63 | -1.37 | -5.12 |
| Net Cash Generated From / (used in) Financing Activities | 4.08 | - 4.11 | 15.63 |
| Net Increase (Decrease) in Cash and Cash Equivalents | 0.0052 | 0.02 | 0.0095 |
Strengths
1. Proven track record in defence and aerospace system execution
2. Well-established global partnerships and industry linkages
3. Comprehensive capabilities across the project lifecycle
4. Scalable engineering platforms enabling faster deployment
Weaknesses
1. History of negative cash flows impacting liquidity
2. High working capital dependence on steady funding
3. Reliance on third-party logistics for deliveries
4. Execution risks from rapid business expansion
Opportunities
1. Growing need for India-specific test and simulation solutions
2. Expanding missile programs driving precision validation demand
3. Defence electronics growth accelerating ATE adoption
4. Increased emphasis on environmental and stress testing
Threats
1. Sensitivity to downturns in core technology markets
2. Cybersecurity risks affecting systems and data
3. Stringent quality norms may impact order continuity
4. Forex volatility impacting import and procurement costs
1. Strong government push for indigenous defence technology supports long-term demand
2. Rising defence budgets drive sustained spending on advanced testing and simulation systems
3. Shift towards AI-driven and automated quality validation enhances sector relevance
4. Increasing localisation in defence procurement favours domestic solution providers
5. Growing complexity of defence platforms makes testing and simulation mission-critical
1. Policy-led ecosystem support for TMS technologies
2. Funding-driven innovation through defence programs
3. Lifecycle-based quality assurance becoming strategic
4. AI-led evolution of testing and simulation
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FAQs
Digilogic Systems IPO opens from January 20, 2026 to January 22, 2026.
The size of Digilogic Systems IPO is approximately ₹81 crore.
The price band of Digilogic Systems IPO is fixed at ₹98to ₹104 per share.
To apply for Digilogic Systems IPO, follow the steps given below:
● Login to your 5paisa demat account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Digilogic Systems. IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size is 2400 shares, requiring an investment of approximately ₹2,35,200.
The share allotment date of Digilogic Systems IPO is January 23, 2026.
The Digilogic Systems IPO will likely be listed on January 28, 2026.
Indorient Financial Services Ltd. is the book-running lead manager.
1. ₹51.74 crore allocated toward establishing a new manufacturing facility
2. ₹8.00 crore earmarked for partial or full repayment of existing borrowings
3. Remaining funds to be used for general corporate purposes