Digilogic Systems IPO was introduced through the Book Built SME route by Digilogic Systems Limited. The public issue comprised both a fresh issue of equity shares and an offer for sale by an existing shareholder. Through the fresh issue, the company planned to raise capital to strengthen its business operations and support future expansion, while the offer for sale enabled the selling shareholder to partially reduce their stake. The funds proposed to be raised from the fresh issue were intended to support the establishment of a new manufacturing facility, repayment or prepayment of selected borrowings, and general corporate purposes. Following the successful completion of the issue process, the company’s equity shares were listed on the BSE SME platform.
Digilogic Systems Limited is an engineering and technology company engaged in developing specialised electronic testing and automation solutions for defence, aerospace, industrial, and research applications. The company designs, manufactures, integrates, and supports advanced testing systems that help customers evaluate the performance, reliability, and functionality of electronic equipment. Its product portfolio is developed to meet the technical requirements of organisations operating in highly specialised engineering environments.
The company’s operations cover the complete product development cycle, beginning with system design and engineering, followed by hardware integration, software development, manufacturing, quality testing, installation, commissioning, and post-installation technical support. By combining engineering expertise with customised solution development, Digilogic Systems aims to deliver products that address complex testing and automation requirements while maintaining consistent quality and operational reliability.
Digilogic Systems follows a business strategy focused on technological innovation, continuous research and development, expansion of manufacturing capabilities, and long-term customer engagement. The company continues to invest in engineering talent, modern production infrastructure, and product development to strengthen its competitive position and broaden its range of technology-driven solutions. These initiatives are expected to support sustainable growth while enhancing operational efficiency.
India’s defence electronics and aerospace engineering sector continues to expand with increasing investments in indigenous manufacturing, technological advancement, automation, and government initiatives promoting domestic defence production. Growing demand for advanced electronic testing systems, simulation technologies, and specialised engineering solutions is creating long-term opportunities for companies operating in this segment.
Since the IPO has already been completed and the company’s shares are listed on the stock exchange, investors should carefully evaluate the company’s financial performance, business model, technological capabilities, industry outlook, competitive position, order book, and long-term growth prospects before making any investment decision.
Digilogic Systems IPO Details
| IPO Details | Information |
|---|---|
| IPO Name | Digilogic Systems IPO |
| Company Name | Digilogic Systems Limited |
| IPO Type | Book Built Issue |
| IPO Category | SME IPO |
| Face Value | ₹2 Per Equity Share |
| Price Band | ₹98 to ₹104 Per Share |
| Issue Size | ₹81.01 Crore |
| Fresh Issue | ₹69.68 Crore |
| Offer for Sale | 10,89,600 Equity Shares |
| Total Issue Size | ₹81.01 Crore |
| IPO Open Date | 20 January 2026 |
| IPO Close Date | 22 January 2026 |
| Basis of Allotment | 23 January 2026 |
| Refund Initiation | 27 January 2026 |
| Shares Credited to Demat Account | 27 January 2026 |
| Listing Date | 28 January 2026 |
| Listing Exchange | BSE SME |
| Lot Size | 1,200 Equity Shares |
| Registrar | KFin Technologies Limited |
| Book Running Lead Manager | Indorient Financial Services Limited |
The public issue consisted of both a fresh issue of equity shares and an offer for sale. While the fresh issue was intended to provide capital for business expansion and operational requirements, the offer for sale enabled an existing shareholder to divest a portion of their shareholding. The proposed utilisation of the fresh issue proceeds is expected to strengthen manufacturing capabilities, improve financial flexibility, and support the company’s future growth plans.
Digilogic Systems IPO Dates
The schedule for the Digilogic Systems IPO is provided below. These dates represent the key stages of the public issue, beginning with the opening of the subscription period and ending with the listing of the company’s equity shares on the stock exchange.
| IPO Event | Date |
|---|---|
| IPO Opening Date | 20 January 2026 |
| IPO Closing Date | 22 January 2026 |
| Basis of Allotment | 23 January 2026 |
| Refund Initiation | 27 January 2026 |
| Shares Credited to Demat Account | 27 January 2026 |
| Listing Date | 28 January 2026 |
After the basis of allotment was finalised, successful applicants received the allotted equity shares in their demat accounts before trading commenced on the BSE SME platform. Applicants who did not receive an allotment were issued refunds according to the prescribed IPO schedule.
Digilogic Systems IPO Reservation
The equity shares offered through the public issue were allocated among different categories of investors in accordance with the regulatory framework applicable to SME public offerings.
| Investor Category | Reservation |
|---|---|
| Qualified Institutional Buyers (QIB) | Not More Than 50% |
| Non-Institutional Investors (NII) | Not Less Than 15% |
| Retail Individual Investors (RII) | Not Less Than 35% |
The final allocation under each investor category depended on the number of valid applications received during the subscription period and the applicable regulations governing SME IPOs.
Digilogic Systems IPO Lot Size
Applications for the IPO were accepted in the prescribed lot size announced before the issue opened for subscription.
| Application | Shares | Amount |
|---|---|---|
| Retail Minimum | 1 Lot (1,200 Shares) | ₹1,24,800 |
| Retail Maximum | 1 Lot (1,200 Shares) | ₹1,24,800 |
| HNI Minimum | 2 Lots (2,400 Shares) | ₹2,49,600 |
The investment values shown above are calculated using the upper price band of ₹104 per equity share. Investors were required to submit applications in multiples of the specified lot size while applying for the IPO.
About Digilogic Systems Limited
Digilogic Systems Limited is an Indian engineering technology company engaged in designing, developing, manufacturing, and integrating specialised electronic testing and automation solutions. The company primarily serves customers operating in the defence, aerospace, industrial, and research sectors by delivering advanced testing equipment and customised engineering systems. Its solutions are developed to meet complex technical requirements while supporting reliability, quality assurance, and operational efficiency across mission-critical applications.
The company offers end-to-end engineering capabilities covering system design, hardware development, software integration, manufacturing, installation, commissioning, testing, and after-sales technical support. By combining engineering expertise with modern production infrastructure, Digilogic Systems develops customised products that address specific customer requirements across a wide range of industrial and defence applications.
Over the years, the company has strengthened its technological capabilities by investing in research and development, expanding manufacturing infrastructure, and continuously improving product quality. These initiatives have enabled Digilogic Systems to build long-term customer relationships while enhancing its position within India’s growing defence electronics and engineering technology industry.
Business Operations
Digilogic Systems Limited operates across multiple engineering and technology segments by providing specialised testing and automation solutions.
- Automated Test Equipment (ATE) – The company designs and manufactures automated testing systems used for evaluating electronic equipment and components.
- Defence Electronics Solutions – It develops specialised electronic systems and testing equipment for defence applications requiring high levels of accuracy and reliability.
- Aerospace Testing Systems – The company supplies engineering solutions designed for testing, validation, and maintenance of aerospace equipment.
- Simulation Systems – It develops simulation platforms that assist in product testing, training, research, and performance evaluation.
- System Integration – The company integrates hardware, software, and electronic subsystems into complete engineering solutions based on customer specifications.
- Custom Engineering Solutions – It provides customised product development and engineering services to address specialised technical requirements across various industries.
- Manufacturing Services – The company undertakes manufacturing, assembly, inspection, testing, calibration, and quality assurance for its engineering products.
- Research and Development – Continuous investment in research and product innovation enables the company to develop advanced technology-driven engineering solutions.
- Installation and Technical Support – Digilogic Systems provides installation, commissioning, maintenance, and after-sales technical assistance for its products.
- Quality Management – The company follows structured quality control procedures throughout product development and manufacturing to maintain consistent performance and reliability.
Industry Overview
India’s defence electronics and aerospace engineering industry has experienced steady growth due to increasing investments in defence modernisation, technological advancement, indigenous manufacturing, and automation. Rising demand for sophisticated testing systems, electronic equipment, and specialised engineering solutions has created significant opportunities for companies operating in this sector.
Government initiatives promoting domestic manufacturing and self-reliance in defence production continue to encourage the development of advanced engineering technologies within the country. Increasing procurement of indigenous defence equipment, expansion of aerospace activities, and growing investment in research and innovation are further supporting long-term industry growth.
The engineering technology sector is also benefiting from increasing adoption of automation, digital technologies, precision manufacturing, and advanced electronic systems across industrial applications. Companies with strong research capabilities, customised engineering expertise, and modern manufacturing infrastructure are expected to benefit from these long-term industry trends.
Business Strategy
Digilogic Systems Limited aims to strengthen its market position by expanding manufacturing capacity, enhancing research and development capabilities, and introducing advanced engineering solutions for defence, aerospace, and industrial customers. The company continues to invest in technology, production infrastructure, and skilled engineering professionals to improve operational efficiency and product innovation.
The management also focuses on expanding its customer base, strengthening long-term client relationships, and increasing participation in high-value engineering projects requiring customised testing and automation solutions. Continuous investment in manufacturing facilities and engineering capabilities is expected to support future business expansion.
By combining technological innovation, engineering expertise, quality manufacturing, and customer-focused solution development, Digilogic Systems Limited aims to strengthen its competitive position while achieving sustainable long-term growth in India’s engineering technology and defence electronics industry.
Digilogic Systems IPO Financial Information
The financial performance of a company provides valuable insights into its business growth, profitability, operational efficiency, and financial stability. By analysing financial statements over multiple years, investors can understand revenue trends, profit growth, capital utilisation, and the company’s ability to support future expansion. Financial analysis, together with an evaluation of the company’s business model and industry outlook, helps investors make informed investment decisions.
Digilogic Systems Financial Summary
| Particulars | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Revenue from Operations | ₹63.87 Crore | ₹78.46 Crore | ₹105.24 Crore |
| Total Income | ₹64.52 Crore | ₹79.18 Crore | ₹106.43 Crore |
| EBITDA | ₹10.26 Crore | ₹13.84 Crore | ₹19.62 Crore |
| Profit Before Tax (PBT) | ₹6.42 Crore | ₹9.16 Crore | ₹13.47 Crore |
| Profit After Tax (PAT) | ₹4.83 Crore | ₹6.88 Crore | ₹10.12 Crore |
| Net Worth | ₹24.56 Crore | ₹31.48 Crore | ₹41.73 Crore |
| Total Borrowings | ₹12.94 Crore | ₹11.72 Crore | ₹10.26 Crore |
Digilogic Systems Limited has demonstrated steady financial growth over the last three financial years. The company recorded consistent growth in revenue while improving its profitability and strengthening its net worth. Borrowings remained under control during the period, indicating prudent financial management. Investors should evaluate these financial results together with the company’s engineering capabilities, order book, competitive position, and long-term business strategy before making an investment decision.
Digilogic Systems IPO Key Performance Indicators (KPIs)
Key financial ratios provide additional insights into the company’s profitability, operational efficiency, capital utilisation, and financial strength. These indicators help investors assess the company’s overall business performance and valuation.
| KPI | Value |
|---|---|
| Return on Equity (ROE) | 24.25% |
| Return on Capital Employed (ROCE) | 29.11% |
| Return on Net Worth (RONW) | 24.25% |
| EBITDA Margin | 18.44% |
| PAT Margin | 9.51% |
| Debt-to-Equity Ratio | 0.25 |
| Earnings Per Share (EPS) | ₹6.83 |
| Net Asset Value (NAV) Per Share | ₹28.18 |
| Price to Earnings (P/E) | 15.23x |
The financial indicators reflect improving profitability, healthy operating margins, and efficient utilisation of shareholders’ funds. A relatively low debt level and improving return ratios further strengthen the company’s financial profile. However, investors should consider these ratios along with industry conditions, business execution, order pipeline, and future growth opportunities before making any investment decision.
Objects of the Digilogic Systems IPO
The company proposed to utilise the net proceeds from the fresh issue for the following purposes:
- Establishment of a new manufacturing facility.
- Repayment or prepayment of certain borrowings.
- Funding capital expenditure requirements.
- General corporate purposes.
The proposed utilisation of the IPO proceeds is expected to strengthen the company’s manufacturing capabilities, improve operational efficiency, support future business expansion, and enhance its ability to meet the growing demand for specialised engineering and defence technology solutions.
Digilogic Systems IPO Listing Performance
The listing performance reflects how the company’s shares performed on the stock exchange on the first day of trading after the IPO process was completed. While listing gains or discounts indicate the market’s initial response to the public issue, investors should focus on the company’s long-term business performance, financial growth, competitive position, and future expansion plans rather than short-term price movements.
| Particular | Value |
|---|---|
| Listing Exchange | BSE SME |
| Listing Date | 28 January 2026 |
| Issue Price | ₹104 Per Share |
| Listing Price | ₹112.30 Per Share |
| Listing Gain | ₹8.30 Per Share |
| Listing Gain (%) | 7.98% |
Digilogic Systems Limited made its stock market debut on the BSE SME platform at a premium over the issue price, reflecting positive investor participation on the listing day. Although the shares listed with gains, future performance will depend on the company’s ability to execute its business strategy, strengthen its order book, maintain profitability, and expand its engineering capabilities.
Digilogic Systems IPO Subscription Status
The subscription figures indicate the level of investor participation received during the IPO bidding period. Higher subscription levels generally reflect stronger investor interest; however, investment decisions should always be based on the company’s financial performance, valuation, business model, and long-term growth prospects.
Digilogic Systems IPO Subscription
| Investor Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | 58.76 Times |
| Non-Institutional Investors (NII) | 146.81 Times |
| Retail Individual Investors (RII) | 102.43 Times |
| Total Subscription | 97.54 Times |
The public issue attracted healthy participation across all investor categories. The Non-Institutional Investor segment recorded the highest subscription, while Qualified Institutional Buyers and Retail Individual Investors also subscribed to the issue multiple times. The overall response indicated broad investor confidence in the public offering.
Digilogic Systems IPO Review
Digilogic Systems Limited operates in the specialised engineering technology sector by developing automated test equipment, defence electronics, aerospace testing systems, simulation platforms, and customised engineering solutions. The company serves customers requiring advanced testing, validation, and automation systems for mission-critical applications across defence, aerospace, industrial, and research sectors.
The company has established integrated engineering capabilities covering product design, software development, hardware integration, manufacturing, testing, installation, and technical support. Continuous investment in research and development, engineering expertise, and modern manufacturing infrastructure enables the company to develop technology-driven solutions tailored to customer requirements.
From a financial perspective, the company has demonstrated steady growth in revenue, profitability, and net worth over recent financial years. The proposed utilisation of IPO proceeds towards establishing a new manufacturing facility, reducing borrowings, and supporting capital expenditure is expected to strengthen operational capacity and support future business expansion.
However, investors should also consider factors such as dependence on defence and industrial spending, project execution risks, technological changes, customer concentration, competitive pressures, and regulatory developments before making an investment decision.
Overall, Digilogic Systems Limited operates in an industry supported by increasing investments in defence modernisation, indigenous manufacturing, automation, and advanced engineering technologies. Investors should carefully evaluate the company’s financial performance, valuation, business strategy, competitive strengths, and long-term growth prospects before considering an investment.
Digilogic Systems IPO Strengths
Digilogic Systems Limited has developed a specialised business model supported by engineering expertise, advanced technology, and customised product development.
- Established presence in defence electronics and engineering technology.
- Diversified portfolio of automated testing and simulation solutions.
- Strong focus on research, innovation, and product development.
- Experienced management team with technical expertise.
- Consistent improvement in revenue and profitability.
- Benefits from increasing investments in defence and indigenous manufacturing.
Digilogic Systems IPO Risk Factors
Like other engineering and technology companies, Digilogic Systems Limited is exposed to several operational and industry-related risks that investors should carefully evaluate.
- Dependence on defence and industrial capital expenditure may influence business growth.
- Project execution delays could affect revenue recognition and profitability.
- Rapid technological changes require continuous investment in research and development.
- Competition from established domestic and international engineering companies may impact market share.
- Customer concentration could affect revenue if major contracts are delayed or discontinued.
- Changes in government procurement policies or regulatory requirements may influence future business operations.
Digilogic Systems IPO Promoters
Digilogic Systems Limited is promoted by professionals with extensive experience in engineering, defence electronics, and technology-driven manufacturing. The promoters have played an important role in developing the company’s engineering capabilities, expanding its product portfolio, and strengthening relationships with customers operating in defence, aerospace, and industrial sectors. Their long-term focus remains on technological innovation, manufacturing excellence, and sustainable business growth.
Digilogic Systems IPO Promoters Details
| Promoter | Designation |
|---|---|
| G. S. Venkatesh | Promoter & Managing Director |
| V. Radhika | Promoter & Whole-Time Director |
Digilogic Systems IPO Management Team
The company is managed by experienced professionals responsible for engineering, research and development, manufacturing, finance, operations, quality assurance, and corporate governance. The management team focuses on strengthening technological capabilities, improving operational efficiency, expanding manufacturing infrastructure, and delivering high-quality engineering solutions.
| Name | Designation |
|---|---|
| G. S. Venkatesh | Managing Director |
| V. Radhika | Whole-Time Director |
| Srinivas Rao | Chief Financial Officer |
| Priya Nair | Company Secretary & Compliance Officer |
Digilogic Systems IPO Registrar Details
The registrar managed the IPO application process, finalised the basis of allotment, credited equity shares to successful applicants, initiated refunds where applicable, and handled investor-related services throughout the public issue.
| Particular | Details |
|---|---|
| Registrar Name | KFin Technologies Limited |
| Website | https://www.kfintech.com |
| IPO Allotment Status | https://ris.kfintech.com/ipostatus |
| Email ID | [email protected] |
| Contact Number | +91-40-6716 2222 |
Digilogic Systems IPO Lead Manager Details
The Book Running Lead Manager coordinated the public issue, managed regulatory compliance, assisted in marketing the issue, and supported the company throughout the IPO and listing process.
| Particular | Details |
|---|---|
| Lead Manager | Indorient Financial Services Limited |
| Website | https://www.indorient.in |
| Email ID | [email protected] |
| Contact Number | +91-22-6214 6400 |
Digilogic Systems Limited Contact Details
| Particular | Details |
|---|---|
| Company Name | Digilogic Systems Limited |
| Registered Office | Bengaluru, Karnataka, India |
| Website | https://www.digilogicsystems.com |
| Email ID | [email protected] |
How to Check Digilogic Systems IPO Allotment Status
Investors could check the IPO allotment status after the basis of allotment was finalised through the registrar’s website or the BSE IPO portal.
Through KFin Technologies Limited
- Visit the official IPO allotment portal of KFin Technologies Limited.
- Select Digilogic Systems IPO from the list of available IPOs.
- Choose any one of the available search options, such as Application Number, PAN, or DP/Client ID.
- Enter the required details in the respective field.
- Click on Submit to view the allotment status.
Through BSE
- Visit the official BSE IPO allotment page.
- Select Equity as the issue type.
- Choose Digilogic Systems IPO from the company list.
- Enter your PAN Number or Application Number.
- Complete the verification process and click on Search to check the allotment status.
Frequently Asked Questions (FAQs)
What is the Digilogic Systems IPO?
Digilogic Systems IPO was a Book Built SME public issue comprising a fresh issue of equity shares and an offer for sale.
What was the price band of the Digilogic Systems IPO?
The IPO was offered at a price band of ₹98 to ₹104 per equity share.
What was the issue size of the Digilogic Systems IPO?
The total issue size of the IPO was ₹81.01 Crore.
When did the Digilogic Systems IPO open and close?
The IPO opened for subscription on 20 January 2026 and closed on 22 January 2026.
On which stock exchange are Digilogic Systems shares listed?
The company’s equity shares are listed on the BSE SME platform.
Who was the registrar for the Digilogic Systems IPO?
KFin Technologies Limited acted as the registrar to the issue.
Who was the Book Running Lead Manager for the Digilogic Systems IPO?
The IPO was managed by Indorient Financial Services Limited as the Book Running Lead Manager.
What was the minimum lot size for the Digilogic Systems IPO?
The minimum application size was 1,200 equity shares.
What does Digilogic Systems Limited do?
The company designs, develops, manufactures, and integrates automated test equipment, defence electronics, aerospace testing systems, simulation solutions, and customised engineering products for defence, aerospace, industrial, and research applications.
What were the objectives of the Digilogic Systems IPO?
The company proposed to utilise the fresh issue proceeds for establishing a new manufacturing facility, repaying or prepaying certain borrowings, funding capital expenditure requirements, and meeting general corporate purposes.
