Digilogic Systems IPO GMP & Day 2 Subscription: Live Market Updates

Digilogic Systems IPO has been gaining attention as it enters its second day of subscription, with investors closely tracking GMP and demand trends. The IPO is a book-building issue worth ₹81.01 crore, consisting primarily of a fresh issue of 0.67 crore shares. The issue opened on January 20, 2026, and will close on January 22, 2026, with a tentative listing on the BSE SME platform on January 28, 2026.

Digilogic Systems IPO GMP Update

As of January 21, 2026, the Grey Market Premium (GMP) of Digilogic Systems IPO stands at ₹0. This suggests a flat listing, with the estimated listing price expected to be around ₹104, which is the upper end of the price band. Earlier in the week, the GMP had briefly touched ₹5, but it has cooled down amid cautious market sentiment. Investors should note that GMP is unofficial and may change rapidly based on demand and overall market conditions.

Day 2 Subscription Status

By Day 2, the IPO has been subscribed 0.39 times overall. Retail investors subscribed 0.38 times, while the Non-Institutional Investors (NII) segment saw 0.15 times subscription. Qualified Institutional Buyers (QIBs) showed relatively better interest with 0.57 times subscription. While the subscription numbers remain modest so far, participation is expected to improve closer to the issue’s closing date.

IPO Details at a Glance

The Digilogic Systems IPO is priced in the range of ₹98 to ₹104 per share, with a lot size of 1,200 shares. Retail investors must apply for a minimum of 2 lots (2,400 shares), requiring an investment of approximately ₹2.49 lakh. The face value of each share is ₹2.

Company Overview & Financials

Founded in 2011, Digilogic Systems Limited operates in the defence and aerospace engineering space. The company specializes in Automated Test Equipment (ATE), radar and electronic warfare simulators, embedded systems, and application software.

Financially, the company has shown strong improvement. Revenue increased by 39.6%, rising from ₹51.71 crore in FY24 to ₹72.19 crore in FY25. Profit After Tax surged by 237.9% to ₹8.11 crore, indicating improved margins and operational efficiency.

IPO Outlook

Digilogic Systems IPO carries moderate risk due to a high valuation with a P/E ratio of 28.52 and a flat GMP. However, its niche presence in defence technology and strong earnings growth may attract long-term investors.

Short-term listing gains may be limited, but investors with a long-term perspective can track subscription trends closely before making a decision.