Digilogic Systems Ltd IPO: Digilogic Systems Limited, a Hyderabad-based technology leader in the defense and aerospace engineering sector, has officially announced its Initial Public Offering (IPO). The company specializes in Automated Test Equipment (ATE), Electronic Warfare simulators, and embedded signal processing—solutions critical to India’s “Make in India” defense initiative.
Digilogic Systems IPO Overview
The ₹81.01 crore IPO is a book-built issue comprising a fresh issue of ₹69.68 crore and an offer for sale (OFS) of ₹11.33 crore.
| Feature | Details |
| IPO Open Date | Tuesday, January 20, 2026 |
| IPO Close Date | Thursday, January 22, 2026 |
| Price Band | ₹98 to ₹104 per share |
| Lot Size | 1,200 Shares |
| Total Issue Size | ₹81.01 Crores |
| Listing At | BSE SME |
| Face Value | ₹2 per share |
Important IPO Dates (Timeline)
Investors must keep track of these dates for bidding and checking the allotment status.
- Anchor Bidding: January 19, 2026
- IPO Open Date: January 20, 2026
- IPO Close Date: January 22, 2026
- Basis of Allotment: Friday, January 23, 2026
- Initiation of Refunds: Tuesday, January 27, 2026
- Credit of Shares to Demat: Tuesday, January 27, 2026
- Listing Date: Wednesday, January 28, 2026
Digilogic Systems IPO GMP Today
As of January 18, 2026, market rumors suggest a Grey Market Premium (GMP) for Digilogic Systems.
- Estimated GMP: ~₹5 – ₹10
- Expected Listing Price: ₹109 – ₹114 (at the upper price band)
- Projected Gain: ~5% to 10%
Note: GMP is an unofficial market sentiment and should not be the sole basis for investment.
Company Financials & Key Performance Indicators
The company has shown explosive growth in profitability over the last two fiscal years.
| Financial Year | Revenue (₹ Cr) | Net Profit (PAT) (₹ Cr) | Net Worth (₹ Cr) |
| FY 2023 | 56.12 | 2.18 | 11.09 |
| FY 2024 | 51.71 | 2.40 | 13.54 |
| FY 2025 | 72.19 | 8.11 | 33.17 |
Key Metric: The company boasts a high Return on Equity (ROE) of 33.2% and a ROCE of 35%, indicating efficient capital utilization.
Lot Size & Investment for Investors
Retail investors can apply for a minimum of 2 lots (2400 shares) due to the SME structure.
| Investor Category | Lots | Shares | Amount |
| Retail (Min/Max) | 2 | 2,400 | ₹2,49,600 |
| S-HNI (Min) | 3 | 3,600 | ₹3,74,400 |
| B-HNI (Min) | 9 | 10,800 | ₹11,23,200 |
Review: Should You Apply?
Strengths:
- Niche Market: High barriers to entry in defense testing and simulation.
- Strategic Expansion: Utilizing ₹51.74 Cr of proceeds for a new manufacturing facility.
- Expert Leadership: Promoted by veterans with deep defense and IAF experience.
Risks:
- Working Capital: Working capital days have increased to 105 days.
- Customer Concentration: Heavy reliance on government/defense contracts.
Verdict: For investors looking for a “defense play” with solid ROE, this is a strong contender. However, the high retail entry cost (₹2.49 Lakh) makes it a choice for serious SME investors.
How to Check Digilogic Systems IPO Allotment Status
The registrar for this IPO is KFin Technologies Limited. To check Allotment Status Follow these steps on January 23, 2026:
- Go to the KFintech IPO Status Portal.
- Select “Digilogic Systems Ltd” from the list of companies.
- Choose your search method: PAN Card, Application Number, or DP Client ID.
- Enter the details and click Submit.
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