Digilogic Systems IPO Day 3 Status: Subscription Numbers & Allotment Steps

Digilogic Systems aims to raise a total of ₹81.01 crore through its initial public offering, comprising a fresh issue worth ₹69.68 crore and an offer for sale (OFS) of ₹11.33 crore.

The company operates in the defence and aerospace sector, specialising in the design, development, manufacturing, integration, and support of automated test systems, application software, and embedded signal processing solutions.

As of Thursday, January 22, the final day of bidding, the Digilogic Systems IPO was subscribed 50% overall. According to BSE data available till 11:15 am, bids were received for 29,91,600 shares against 59,79,600 shares on offer.

Category-wise subscription stood as follows:

• Retail Individual Investors (RII): 62%
• Qualified Institutional Buyers (QIBs): 57%
• Non-Institutional Investors (NIIs): 22%

The IPO is priced in the band of ₹98 to ₹104 per share, with a lot size of 1,200 equity shares. Retail investors are required to apply for a minimum of 2 lots (2,400 shares).

Use of IPO Proceeds

Out of the funds raised:

• ₹51.73 crore will be utilised for capital expenditure to establish a new facility
• ₹8 crore will be used for partial or full repayment of certain outstanding borrowings
• The remaining amount will be allocated towards general corporate purposes and issue-related expenses

Allotment and Listing Details

• IPO Allotment Date: Friday, January 23
• Listing Date: Wednesday, January 28
• Listing Platform: BSE SME