Digilogic Systems IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Jan 20 to Jan 22 2026
Price Band
₹98 - 104
Current GMP
₹83.2 (-20%)
Subscription
1.10 times
IPO Details
| IPO Date | 20 to 22 Jan, 2026 |
| Listing Date | Wed, Jan 28, 2026 |
| Face Value | ₹ 2 per share |
| Price Band | ₹98 to ₹104 |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital & OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 77,88,000 shares (agg. up to ₹ 81 Cr) |
| Reserved for Market Maker | 3,90,000 shares (agg. up to ₹ 4 Cr) Pace Stock Broking Services Private Limited |
| Fresh Issue (Ex Market Maker) | 63,08,400 shares (agg. up to ₹ 66 Cr) |
| Offer for Sale | 10,89,600 shares of ₹ 2 (agg. up to ₹ 11 Cr) |
| Net Offered to Public | 73,98,000 shares (agg. up to ₹ 77 Cr) |
| Share Holding Pre Issue | 2,22,52,630 shares |
| Share Holding Post Issue | 2,89,51,030 shares |
| BSE Script Code | 544684 |
| ISIN | INE1OOT01028 |
IPO Date
20 to 22 Jan, 2026
Listing Date
Wed, Jan 28, 2026
Face Value
₹ 2 per share
Price Band
₹98 to ₹104
Lot Size
1,200 Shares
Sale Type
Fresh Capital & OFS
Issue Type
Bookbuilding IPO
Listing At
BSE SME
Total Issue Size
77,88,000 shares (agg. up to ₹ 81 Cr)
Reserved for Market Maker
3,90,000 shares (agg. up to ₹ 4 Cr) Pace Stock Broking Services Private Limited
Fresh Issue (Ex Market Maker)
63,08,400 shares (agg. up to ₹ 66 Cr)
Offer for Sale
10,89,600 shares of ₹ 2 (agg. up to ₹ 11 Cr)
Net Offered to Public
73,98,000 shares (agg. up to ₹ 77 Cr)
Share Holding Pre Issue
2,22,52,630 shares
Share Holding Post Issue
2,89,51,030 shares
BSE Script Code
544684
ISIN
INE1OOT01028
IPO Subscription Details
| Anchor | 1 |
| Market Maker | 1 |
| QIB (Ex Anchor) | 1.60 |
| NII*** | 0.42 |
| bNII (> ₹10L) | 0.20 |
| sNII (< ₹10L) | 0.86 |
| Individual Investors | 1.08 |
| Total ** | 1.10 |
Anchor
1
Market Maker
1
QIB (Ex Anchor)
1.60
NII***
0.42
bNII (> ₹10L)
0.20
sNII (< ₹10L)
0.86
Individual Investors
1.08
Total **
1.10
Day Wise Sub
| Day | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| Jan 2 0 (Day 1) | 0.57 | 0.09 | 0.00 | 0.26 | 0.29 | 0.33 |
| Jan 2 1 (Day 2) | 0.57 | 0.20 | 0.00 | 0.62 | 0.48 | 0.45 |
| Jan 2 2 (Day 3) | 1.60 | 0.42 | 0.20 | 0.86 | 1.08 | 1.10 |
DayJan 2
0 (Day 1)
QIB (Ex Anchor)0.57
NII*0.09
NII (> ₹10L)0.00
NII (< ₹10L)0.26
Individual Investors0.29
Total0.33
DayJan 2
1 (Day 2)
QIB (Ex Anchor)0.57
NII*0.20
NII (> ₹10L)0.00
NII (< ₹10L)0.62
Individual Investors0.48
Total0.45
DayJan 2
2 (Day 3)
QIB (Ex Anchor)1.60
NII*0.42
NII (> ₹10L)0.20
NII (< ₹10L)0.86
Individual Investors1.08
Total1.10
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 28-01-2026 | 104.00 | 0(0.00%) | 104 |
| 27-01-2026 | 104.00 | 0(0.00%) | 104 |
| 26-01-2026 | 104.00 | 0(0.00%) | 104 |
| 25-01-2026 | 104.00 | 0(0.00%) | 104 |
| 24-01-2026 | 104.00 | 0(0.00%) | 104 |
| 23-01-2026 | 104.00 | 0(0.00%) | 104 |
| 22-01-2026 | 104.00 | 0(0.00%) | 104 |
| 21-01-2026 | 104.00 | 0(0.00%) | 104 |
| 20-01-2026 | 104.00 | 0(0.00%) | 104 |
| 19-01-2026 | 104.00 | 0(0.00%) | 104 |
| 18-01-2026 | 104.00 | 0(0.00%) | 104 |
| 17-01-2026 | 104.00 | 0(0.00%) | 104 |
| 16-01-2026 | 104.00 | 5(4.81%) | 109 |
| 15-01-2026 | 104.00 | 5(4.81%) | 109 |
Date28-01-2026
Price104.00
GMP0(0.00%)
Estimate List Price104
Date27-01-2026
Price104.00
GMP0(0.00%)
Estimate List Price104
Date26-01-2026
Price104.00
GMP0(0.00%)
Estimate List Price104
Date25-01-2026
Price104.00
GMP0(0.00%)
Estimate List Price104
Date24-01-2026
Price104.00
GMP0(0.00%)
Estimate List Price104
Date23-01-2026
Price104.00
GMP0(0.00%)
Estimate List Price104
Date22-01-2026
Price104.00
GMP0(0.00%)
Estimate List Price104
Date21-01-2026
Price104.00
GMP0(0.00%)
Estimate List Price104
Date20-01-2026
Price104.00
GMP0(0.00%)
Estimate List Price104
Date19-01-2026
Price104.00
GMP0(0.00%)
Estimate List Price104
Date18-01-2026
Price104.00
GMP0(0.00%)
Estimate List Price104
Date17-01-2026
Price104.00
GMP0(0.00%)
Estimate List Price104
Date16-01-2026
Price104.00
GMP5(4.81%)
Estimate List Price109
Date15-01-2026
Price104.00
GMP5(4.81%)
Estimate List Price109
IPO Important Dates
| IPO Open | Tue, Jan 20, 2026 |
| IPO Close | Thu, Jan 22, 2026 |
| Allotment | Fri, Jan 23, 2026 |
| Refund | Tue, Jan 27, 2026 |
| Credit of Shares | Tue, Jan 27, 2026 |
| Listing | Wed, Jan 28, 2026 |
IPO Open
Tue, Jan 20, 2026
IPO Close
Thu, Jan 22, 2026
Allotment
Fri, Jan 23, 2026
Refund
Tue, Jan 27, 2026
Credit of Shares
Tue, Jan 27, 2026
Listing
Wed, Jan 28, 2026
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,49,600 |
| Individual investors (Retail) (Max) | 2 | 2,400 | ₹2,49,600 |
| S-HNI (Min) | 3 | 3,600 | ₹3,74,400 |
| S-HNI (Max) | 8 | 9,600 | ₹9,98,400 |
| B-HNI (Min) | 9 | 10,800 | ₹11,23,200 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares2,400
Amount₹2,49,600
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares2,400
Amount₹2,49,600
ApplicationS-HNI (Min)
Lots3
Shares3,600
Amount₹3,74,400
ApplicationS-HNI (Max)
Lots8
Shares9,600
Amount₹9,98,400
ApplicationB-HNI (Min)
Lots9
Shares10,800
Amount₹11,23,200
Key Performance Indicator
| ROE | 4.71% |
| ROCE | 4.71% |
| Debt/Equity | 0.63 |
| RoNW | 4.71 |
| PAT Margin | 8.87% |
| EBITDA Margin | 18.39% |
| Price to Book Value |
ROE
4.71%
ROCE
4.71%
Debt/Equity
0.63
RoNW
4.71
PAT Margin
8.87%
EBITDA Margin
18.39%
Price to Book Value
Peers Comparison
| Company Name | EPS (Basic) | NAV (₹ per share) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|
| Digilogic Systems | 3.89 | 15.04 | 34.57 | ||
| DCX Systems | 3.49 | 103.64 | 53.65 | 3.14 | 1.82 |
| Zen Technologies | 32.07 | 187.09 | 40.31 | 27.85 | 6.91 |
| Data Patterns (India) | 39.62 | 269.37 | 66.91 | 15.66 | 9.85 |
| Apollo Micro System | 1.86 | 19.85 | 132.45 | 10.02 | 12.95 |
Company NameDigilogic Systems
EPS (Basic)3.89
NAV (₹ per share)15.04
P/E (x)
RoNW (%)34.57
P/BV Ratio
Company NameDCX Systems
EPS (Basic)3.49
NAV (₹ per share)103.64
P/E (x)53.65
RoNW (%)3.14
P/BV Ratio1.82
Company NameZen Technologies
EPS (Basic)32.07
NAV (₹ per share)187.09
P/E (x)40.31
RoNW (%)27.85
P/BV Ratio6.91
Company NameData Patterns (India)
EPS (Basic)39.62
NAV (₹ per share)269.37
P/E (x)66.91
RoNW (%)15.66
P/BV Ratio9.85
Company NameApollo Micro System
EPS (Basic)1.86
NAV (₹ per share)19.85
P/E (x)132.45
RoNW (%)10.02
P/BV Ratio12.95
IPO Reservation
| Market Maker Shares Offered | 3,90,000 (5.01%) |
| QIB Shares Offered | 36,98,400 (47.49%) |
| − Anchor Investor Shares Offered | 22,18,800 (28.49%) |
| − QIB (Ex. Anchor) Shares Offered | 14,79,600 (19.00%) |
| NII (HNI) Shares Offered | 11,10,000 (14.25%) |
| − bNII > ₹10L | 7,39,200 (9.49%) |
| − sNII < ₹10L | 3,70,800 (4.76%) |
| Retail Shares Offered | 25,89,600 (33.25%) |
| Total Shares Offered | 77,88,000 (100.00%) |
Market Maker Shares Offered
3,90,000 (5.01%)
QIB Shares Offered
36,98,400 (47.49%)
− Anchor Investor Shares Offered
22,18,800 (28.49%)
− QIB (Ex. Anchor) Shares Offered
14,79,600 (19.00%)
NII (HNI) Shares Offered
11,10,000 (14.25%)
− bNII > ₹10L
7,39,200 (9.49%)
− sNII < ₹10L
3,70,800 (4.76%)
Retail Shares Offered
25,89,600 (33.25%)
Total Shares Offered
77,88,000 (100.00%)
Information about company
Incorporated in 2011, Digilogic Systems Ltd. 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: (i) Test Systems, including ATE, checkout systems, and radar/EW simulators; (ii) Application Software, comprising data acquisition platforms and IP cores; and (iii) Services, covering system integration, upgrades, and lifecycle support.
The Company provides specialised services in test, simulation, and embedded systems to support clients across the defence and aerospace sectors, with limited application in industrial automation. Its solutions span the entire project lifecycle, from concept development to deployment and maintenance.
The Company operates through two facilities: a 10,688 sq. ft registered office and corporate facility in Hyderabad, integrating design, engineering, administration, manufacturing, and business support functions, and a marketing office in Bangalore focused on business development, customer engagement, and project execution.
Competitive strengths:
Objectives of IPO
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Capital expenditure towards setting up of Proposed New Facility 51.68 2 Pre-payment/ re-payment, in part or full, of certain outstanding borrowings availed by the Company 8.00 3 General Corporate Purpose 4.18
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
Please read all Tearms and conditions , and agree to use the App