Digilogic Systems IPO
Market Sentiment
Market Lot Size
IPO Details
IPO Reservation
Financial Analysis
| 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 |
| Company | P/E | EPS | Market Cap (Cr) |
|---|---|---|---|
| DCX Systems Limited | 53.65 | 3.49 | 3 |
| Zen Technologies Limited | 40.31 | 32.07 | 28 |
| Data Patterns (India) Limited | 66.91 | 39.62 | 16 |
| Apollo Micro System Limited | 132.45 | 1.86 | 10 |
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% |
Company Information
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.
| 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
Digilogic Systems Ltd., #102, 1ST Floor, DSL Abacus Tech Park,, Uppal Kalsa Village Uppal Ma, Rangareddy, Rangareddi, Telangana, 500039
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 23.99% 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).
Current grey market activity shows a flat premium, indicating muted unofficial demand. Final subscription data records overall subscription at 1.17x, retail at 1.08x, QIB at 1.60x, NII at 0.75x.
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.
Our data-driven engine currently flags this issue as an Avoid view — key indicators are weak enough that the risk-reward looks unfavourable for now. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Understanding Grey Market Premium (GMP)
The Grey Market Premium (GMP) is an unofficial indicator of how an IPO's shares are trading in the grey market before they are officially listed on a stock exchange. It reflects investor sentiment and demand for the IPO shares ahead of listing day.
How does it work? The grey market is an informal, over-the-counter market where investors buy and sell IPO shares before the official listing date. If an IPO has a positive GMP, it suggests that investors expect the stock to list above its issue price. A negative GMP indicates expectations of a listing below the issue price.
Example: If an IPO has an issue price of ₹100 and the GMP is ₹50, the expected listing price would be approximately ₹150 (issue price + GMP). This translates to an estimated listing gain of 50%.
Factors that influence GMP:
- Subscription levels — Higher subscription typically drives GMP up
- Market conditions — Bullish markets tend to boost GMP across all IPOs
- Company fundamentals — Strong financials and growth potential attract premium
- Industry sentiment — Positive outlook for the sector can increase demand
- IPO pricing — Reasonably priced IPOs relative to peers tend to command higher GMP
Disclaimer: GMP is an unofficial metric from the grey market and is not regulated by SEBI or any stock exchange. GMP values fluctuate frequently and should not be the sole basis for investment decisions. Always consider company fundamentals, financial health, and your own risk appetite before investing in any IPO.
Related IPO
No comments yet. Be the first to share your opinion!