Digilogic Systems Limited IPO

Digilogic Systems Limited IPO

SME BSE SME 100% Book Built Offer
Closed

Price Band

₹98 - ₹104

Total Issue

₹81.01 Cr

Bid Dates

20 Jan - 22 Jan

Subscription

1.09x

Est. GMP

₹0 (0.00%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

Digilogic System is a technology-led company engaged in the design, development, integration, manufacturing, supply, and lifecycle support of Automated Test Equipment (ATE) systems, as well as radar and Electronic Warfare (EW) environmental simulators. The Company develops mission-critical testing and simulation solutions that enable defence and aerospace organizations to validate performance, reliability, and interoperability of complex electronic systems under realistic operational conditions. Its solutions are highly customized, software-driven, and built to meet stringent technical and regulatory requirements. The Company also provides installation, commissioning, training, and long-term maintenance support, ensuring seamless operational performance for its clients across defence, aerospace, and high-technology sectors.

Lot Info

Lot Information for Digilogic Systems IPO
Category Lots Shares Amount
Individual (Min) 2 2,400 ₹2,49,600
Individual (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
Market Maker
3,90,000 EQ. Shares
Employee
₹0.00
Shareholder
₹0.00

Issue Size

Total ₹81.01 Cr
Fresh Issue
₹69.68 Cr (0.67 Cr Shares)
Offer For Sale
₹11.33 Cr (0.11 Cr Shares)

Objects of the Issue

A1

₹B1 Cr

A2

₹B2 Cr

A3

₹B3 Cr

Grey Market Premium

GMP ₹0
Est. Price ₹104
Est. Gain 0.00%

Digilogic Systems IPO Peer Comparison

(Rs. in crores)

Digilogic Systems IPO Peer Comparison Table
Particulars Digilogic Systems DCX Systems Zen Technologies Data Patterns Apollo Micro
Revenue 72.06 1,083.67 973.64 708.35 562.07
PAT 8.11 38.87 299.33 221.81 56.36
EPS (₹) 3.89 3.49 32.07 39.62 1.86
NAV (₹) 15.04 103.64 187.09 269.37 19.85
RONW 34.57% 3.14% 27.85% 15.66% 10.02%
EBITDA 18.60% 7.81% 44.36% 45.36% 45.36%
PAT Mrgn 11.26% 3.59% 30.74% 31.31% 10.03%
PE Ratio 26.74 53.65 40.31 66.91 132.45
Debt to Equity 0.40 0.38 0.18 0.22 0.52

All information pertains to FY 2024-25. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of January 9th, 2026 for Peers

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Digilogic Systems IPO
Particulars Sep-25 Mar-25 Mar-24 Mar-23
Revenue 18.18 72.06 51.56 55.96
PAT 1.61 8.11 2.40 2.18
Net Worth 35.07 33.46 13.48 11.09
Borrowings 22.04 13.34 8.11 10.92
Assets 64.53 72.57 35.55 35.49
NAV (₹) 15.76 15.04 13.48 11.08
EPS (₹) 0.72 3.89 1.20 1.09

KPIs

EBITDA

18.60%

PAT

11.26%

ROE

34.57%

ROCE

34.27%

Debt to Equity

0.40

PE Ratio

26.74

PB Ratio

6.91

Mkt Cap (in Crs.)

231.43

  • All the data pertains to FY 2024-25.
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.

Shareholding

Promoter

88.50%

Public

11.50%

Madhusudhan Varma 60.73%
Radhika Varma 27.31%
Others 0.46%

Management

Madhusudhan Varma Chairman & MD
Shashank Varma CEO
Sriharsha Vadakattu CFO

Registrar & Lead Managers

Registrar

KFin Technologies

KFin Technologies

Lead Managers (1)

Indorient Financial Indorient Financial

Subscription Status

Updated as on 22 Jan 2026 | 05:00:00 PM

BSE SME Subscription Status for Digilogic Systems IPO
Category Sub (x) Offered Bids
QIB 1.60x 16,83,600 26,95,200
NII 0.42x 11,72,400 4,90,800
bHNI 0.20x 7,82,400 1,53,600
sHNI 0.86x 3,90,000 3,37,200
Individual Investor 1.08x 27,33,600 29,47,200
Total 1.10x 55,89,600 61,33,200

Frequently Asked Questions

What is Digilogic Systems IPO?
Digilogic Systems IPO is a SME IPO having an issue size of ₹81.01 Crs. Digilogic Systems IPO is priced at ₹98 - ₹104 per share. The issue opens on 20 Jan 26 and closes on 22 Jan 26.
When will Digilogic Systems IPO open?
Digilogic Systems IPO opens on 20 Jan 26 and closes on 22 Jan 26.
What is the GMP of Digilogic Systems IPO?
The estimated Grey Market Premium of Digilogic Systems IPO is ₹0 per share (0.00%).
What is the lot size of Digilogic Systems IPO?
The minimum lot size of Digilogic Systems IPO is 1200 shares & the minimum application amount is Rs. 124800.
When is the allotment of Digilogic Systems IPO?
The allotment date of Digilogic Systems IPO is 23 Jan 26.
What is the listing date of Digilogic Systems IPO?
The listing date of Digilogic Systems IPO is 28 Jan 26.
What is the subscription of Digilogic Systems IPO?
Digilogic Systems IPO is subscribed 1.09 times.
What is the price band of Digilogic Systems IPO?
Digilogic Systems IPO is priced at ₹98 - ₹104 per share.
How to check allotment status of Digilogic Systems IPO?
Click the allotment link on Digilogic Systems IPO page of IPO360.
How to apply Digilogic Systems IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Digilogic Systems IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Digilogic Systems IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Digilogic Systems IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date