Digilogic Systems IPO

Listed SME IT Systems
Min Investment
₹2,49,600
2400 Shares
Min Investment
₹2,49,600 · 2400 Shares
Open Jan 20
Close Jan 22
Allotment Jan 23
Refund Jan 27
Listing Jan 28
Price Band ₹99–104
Lot Size 1200 shares
Issue Size ₹81 Cr
Listed At ₹83.20 -20%
Subscribed 1.17×
Listed On BSE SME
Listing Price
₹83.20 (-20.00%)
vs issue price
Current Price (BSE)
₹203.45 (+95.62%)
at close, 01 Oct

Market Sentiment

Grey Market Premium What is GMP?
+₹0
+0.0%
Est. Listing: ₹104
Updated: Feb 28, 2026 12:00 am
Subscription Status
QIB
1.60x
NII
0.75x
bNII (>10L)
0.69x
sNII (2-10L)
0.86x
Retail
1.08x
Total
1.17x
Updated: Mar 07, 2026 12:41 am IST
Analysis Score 40 / 100
Mixed Signals
Data: 78%
GMP Score 45
Subscription Score 25
Financial Health 81
Score updates live as GMP/subscription change. For information only — not investment advice.

IPO Details

Price Band₹99–104 per equity share
Face Value₹10 Per Equity Share
Lot Size 1200 shares (Min 2 lots · ₹2,49,600)
Total Issue Size ₹81.00 crore
Fresh Issue₹69.68 crore
Offer For Sale₹11.32 crore
Issue TypeBook Build Issue
Lead Manager Indorient Financial Services Ltd.
Registrar Kfin Technologies Ltd.
Listing atBSE SME
BSE Code544684
ISININE1OOT01028
Listing Price₹83.20
Listing Gain-20.00%

Market Lot Size

Category Lots Shares Amount (₹)
Retail Minimum 2 2,400 ₹2,49,600
Retail Maximum 2 2,400 ₹2,49,600
S-HNI Minimum 3 3,600 ₹3,74,400
S-HNI Maximum 8 9,600 ₹9,98,400
B-HNI Minimum 9 10,800 ₹11,23,200
Budget to Lots Calculator ▼
₹

IPO Reservation

Category Shares Offered Shares %
QIB16,83,60050.00%
NII (HNI)11,72,40015.00%
bNII > ₹10L7,82,40010.01%
sNII < ₹10L3,90,0004.99%
Retail27,33,60035.00%
Anchor22,18,80028.42%
Total78,08,400

Financial Analysis

Financial Data
ROE
34.57%
ROCE
34.27%
Debt/Equity
0.40
NAV/Share
₹15.04
Revenue Growth
39.61%
Profit Margin
11.23%
Financial Performance
Metric 2023 2024 2025 Sep 2025
Revenue 56.12 51.71 72.19 18.28
Expense 53.15 48.49 61.34 16.11
Profit (PAT) 2.18 2.40 8.11 1.61
Total Assets 35.49 35.55 72.57 64.53
Values in Crores (₹)
Peer Comparison
Company EPS P/E Market Cap (Cr)
DCX Systems Limited 3.49 53.65 3
Zen Technologies Limited 32.07 40.31 28
Data Patterns (India) Limited 39.62 66.91 16
Apollo Micro System Limited 1.86 132.45 10
Promoters & Holding Pattern

Promoters: Mr. Madhusudhan Varma Jetty”, Mrs. Radhika Varma Jetty, Mr. Shashank Varma Jetty and Mr. Hitesh Varma Jetty

Shareholding No. of Shares Holding %
Promoter Holding Pre Issue 2,22,52,630 88.50%

Strengths & Risks

Strengths
  • Revenue grew 40% in the latest reported year.
  • Solid profit margin — 11.2%.
  • Strong return on equity — 35%.
  • Low leverage — debt/equity of 0.40.
  • Mostly fresh capital — proceeds fund the company's growth, not an exit.
Risks & Concerns
  • Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.

Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.

Company Information

About Digilogic Systems

Digilogic Systems Limited, founded in 2011, is a leading company that offers test solutions and simulation systems for the defence and aerospace sectors. From design, development, integration, and manufacturing to supply, Digilogic Systems provides end-to-end solutions for defence and aerospace engineering needs. Its offerings are divided into 3 segments, 1. Test systems, including automated test equipment, checkout systems, and radar/electronic warfare simulators. 2. Application Software, such as data collection platforms and ready-made technology components. 3. Services, such as system integration and upgrades. With 17 years of experience in the Defence and Aerospace engineering sector, Digilogic has been known to offer Automated Test Equipment and Data Acquisition Systems built using open bus architectures such as cPCI, PXI, VXI, VME, and LXI. The company operates its 2 manufacturing facilities in 10,688 sq. ft in Hyderabad.

Company Contact Information

Digilogic Systems Ltd., #102, 1ST Floor, DSL Abacus Tech Park,, Uppal Kalsa Village Uppal Ma, Rangareddy, Rangareddi, Telangana, 500039

Objects of the Issue
Purpose Amount (Cr)
Capital expenditure towards setting up of Proposed New Facility 51.74
Pre-payment/ re-payment, in part or full, of certain outstanding borrowings availed by the Company 8.00
General Corporate Purpose -

Resources & Documents

Anchor Investors
Anchor Bidding Date
January 19, 2026
Shares Offered to Anchors
22,18,800
Lock-in End (30 Days, 50%)
February 22, 2026
Lock-in End (90 Days, 50%)
April 23, 2026
Digilogic Systems IPO — Quick Take

Digilogic Systems has set a price band of Rs 99–Rs 104 per share for an issue size of Rs 81 crore in the it systems sector. The stock listed with a 20.00% discount versus its issue price on January 28, 2026.

Digilogic Systems Limited, founded in 2011, is a leading company that offers test solutions and simulation systems for the defence and aerospace sectors. From design, development, integration, and manufacturing to supply, Digilogic Systems provides end-to-end solutions for defence and aerospace engineering needs. The company operates in the it systems space.

The issue is promoted by Mr. Madhusudhan Varma Jetty”, Mrs. Radhika Varma Jetty, Mr. Shashank Varma Jetty and Mr. Hitesh Varma Jetty with Indorient Financial Services Ltd. acting as lead manager. Net proceeds will primarily be used towards Capital expenditure towards setting up of Proposed New Facility (Rs 52 crore) and Pre-payment/ re-payment, in part or full, of certain outstanding borrowings availed by the Company (Rs 8 crore).

On fundamentals, the company is posting revenue growth of 39.6%, a profit margin of 11.2%, return on equity of 34.6% in its most recent reported period. Listed peers in this segment include Zen Technologies Limited (P/E 40.31x, market cap Rs 28 crore) and Data Patterns (India) Limited (P/E 66.91x, market cap Rs 16 crore) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.

On our data-signal score, the combined signals for this issue currently read mixed — some indicators read positively and others do not. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.

Frequently Asked Questions

The price band of Digilogic Systems IPO is Rs 99 to Rs 104 per share. Face value is Rs 10 per share.

The total issue size of Digilogic Systems IPO is Rs 81 crore, comprising fresh issue of Rs 70 crore and offer for sale (OFS) of Rs 11 crore.

Retail investors must apply for a minimum of 1 lot of 1200 shares, requiring an investment of Rs 1,24,800.

Digilogic Systems IPO opens for subscription on January 20, 2026 and closes on January 22, 2026. Anchor investor bidding is scheduled for January 19, 2026.

The expected allotment date for Digilogic Systems IPO is January 23, 2026. Refunds for unsuccessful applicants are expected on January 27, 2026.

Digilogic Systems IPO is scheduled to list on January 28, 2026 on BSE. BSE script code: 544684, ISIN: INE1OOT01028.

The current GMP (Grey Market Premium) of Digilogic Systems IPO is +Rs 0 (+0.0% over issue price). GMP is an unofficial grey market indicator and may change through the subscription window. See the GMP chart on this page for the full trend.

Digilogic Systems IPO is currently subscribed 1.17 times overall — retail at 1.08x, QIB at 1.60x, NII at 0.75x. Live subscription data updates multiple times per day on open-issue days.

Based on the current retail subscription of 1.08x for Digilogic Systems IPO, the estimated retail allotment probability is approximately 100.0%. This is a high probability of allotment.

The registrar for Digilogic Systems IPO is Kfin Technologies Ltd.. After the allotment date, you can check your allotment status on the registrar's official website by entering your PAN, application number, or demat account details. Allotment status is also available on the BSE and NSE websites.

The book running lead manager(s) for Digilogic Systems IPO are Indorient Financial Services Ltd..

The promoter(s) of Digilogic Systems are Mr. Madhusudhan Varma Jetty”, Mrs. Radhika Varma Jetty, Mr. Shashank Varma Jetty and Mr. Hitesh Varma Jetty.

Digilogic Systems IPO GMP — What It Means

GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed.

See the full Digilogic Systems GMP history and trend, or learn how grey market premium works and how reliable it is.

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