Digilogic Systems IPO Day 3 Live Updates: GMP & Subscription Details

The Digilogic Systems IPO GMP stands at ₹0 as of 22 January 2026, indicating no expected listing premium. The IPO is a book-building issue worth ₹81.01 crore and consists entirely of a fresh issue of 0.67 crore shares.

The price band is fixed at ₹98 to ₹104 per share with a face value of ₹10. Shares are expected to list on BSE SME on 28 January 2026. Retail investors can apply for a minimum of 2 lots (2,400 shares), requiring an investment of ₹2,49,600.

With a GMP of ₹0, the estimated listing price is around ₹104, suggesting flat listing gains. Earlier in the issue period, GMP was ₹5 but has dropped to zero in recent days, reflecting cautious market sentiment.

As of now, the IPO is subscribed 0.51 times. Retail investors have subscribed 0.56 times, NIIs 0.28 times, and QIBs 0.57 times. Despite moderate demand, investors are closely watching the listing outlook.

Digilogic Systems Limited, founded in 2011, operates in the defence and aerospace sector, offering automated test equipment, radar and EW simulators, application software, and embedded solutions. The company supports projects across the full lifecycle, from design to maintenance.

Financially, the company reported strong growth in FY25, with revenue rising 39.6% to ₹72.19 crore and profit after tax increasing 237.9% to ₹8.11 crore.

The IPO aims to raise funds for capital expenditure for a new facility, repayment of borrowings, and general corporate purposes. KFin Technologies Limited is the registrar for the issue.

Overall, the IPO has received neutral to cautious views from analysts. While financial growth is strong, the zero GMP suggests limited short-term listing gains, making it more suitable for long-term or portfolio diversification-focused investors.