Digilogic Systems IPO Falls ~20% on BSE Listing at ₹83.20

The Digilogic Systems Ltd IPO — an SME issue — made a weak market debut on the BSE SME platform, with shares opening at ₹83.20, roughly 20% below the IPO price band.

The issue had already closed its subscription window last week after modest investor interest, with total bidding at about 1.10× overall — supported by a 1.60× subscription from qualified institutional buyers (QIB) and 1.08× from retail investors.

Key details of the Digilogic Systems IPO:

• IPO open date: 20 January 2026
• IPO close date: 22 January 2026
• Basis of allotment: 23 January 2026
• Refunds initiated: 27 January 2026
• Shares credited to demat: 27 January 2026
• IPO listing date: 28 January 2026
• Price band: ₹98 – ₹104 per share
• Issue size: Approx ₹81.01 crore
• Lot size: 1,200 shares (minimum)

The IPO was structured as a combination of a fresh issue and an offer for sale, allowing the company to raise funds toward business expansion, manufacturing capabilities, and working capital.

Digilogic Systems Ltd specialises in defence and aerospace testing solutions, including automated test equipment, radar and electronic warfare simulators, and related software systems.

Despite the company’s strategic niche and growth prospects, the 20% listing discount reflects subdued demand at market open, as investors adjusted expectations amid broader SME IPO market conditions.