Digilogic Systems IPO Opens Today for Public Subscription

The SME IPO of Digilogic Systems is set to open for subscription on Tuesday. The book-built public issue is priced between Rs 98 and Rs 104 per share and will be open for bidding until January 22. The shares are proposed to be listed on the BSE SME platform, with a tentative listing date of January 28.

In the grey market, the IPO is currently commanding a nil premium, reflecting subdued expectations of listing gains at this stage. The issue consists of a fresh equity offering worth Rs 69.68 crore, along with an offer for sale of Rs 11.33 crore by existing shareholders.

Retail investors are required to apply for a minimum of 2,400 shares, amounting to an investment of Rs 2,49,600 at the upper end of the price band. For small HNIs, the minimum application size is 3,600 shares, translating into an investment of Rs 3,74,400.

About Digilogic Systems

Digilogic Systems operates in the specialized defence and aerospace domain, focusing on the design, development, and manufacturing of automated test equipment, radar and electronic warfare simulators, application software, and embedded signal processing solutions. Its business is divided into three key segments—test systems, application software, and services—offering end-to-end capabilities from system design and deployment to long-term maintenance and support.

The company plans to utilize the proceeds from the fresh issue primarily for capital expenditure related to the establishment of a new facility. A portion of the funds will also be used to repay existing borrowings, with the balance allocated for general corporate purposes.