Digilogic Systems IPO
Bookbuilding IPO | ₹81.00 Cr | Listing at BSE SME
IPO Open
Tue, Jan 20, 2026
IPO Close
Thu, Jan 22, 2026
Price Band
₹98.00 to ₹104.00
Market Cap (Pre-IPO)
₹301.10 Cr
IPO Details
| IPO Date | Jan 20, 2026 to Jan 22, 2026 |
| Listing Date | Tentative: Jan 28, 2026 |
| Face Value | ₹2.00 per share |
| Price Band | ₹98.00 to ₹104.00 |
| Lot Size | 1200 Shares (Minimum: ₹124,800.00) |
| Sale Type | Offer For Sale + Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Issue Size | ₹81.00 Crores |
| Total Shares Offered | 7,789,196 shares |
| Fresh Issue | 6,309,596 shares |
| Offer For Sale | 1,089,600 shares |
Digilogic Systems IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
Digilogic Systems IPO Lot Size
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹249,600 |
| Retail (Max) | 2 | 2,400 | ₹249,600 |
| S-HNI (Min) | 3 | 3,600 | ₹374,400 |
| S-HNI (Max) | 8 | 9,600 | ₹998,400 |
| B-HNI (Min) | 9 | 10,800 | ₹1,123,200 |
Digilogic Systems Financial Information (Restated Consolidated)
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 64.53 | 72.57 | 35.55 | 35.49 |
| Total Income | 18.28 | 72.19 | 51.71 | 56.12 |
| Profit After Tax | 1.61 | 8.11 | 2.40 | 2.18 |
| EBITDA | 3.34 | 13.40 | 5.44 | 5.28 |
| NET Worth | 35.07 | 33.46 | 13.48 | 11.09 |
| Reserves and Surplus | 30.62 | 29.01 | 11.48 | 9.09 |
| Total Borrowing | 22.04 | 13.34 | 8.11 | 10.92 |
Amount in ₹ Cr
Key Performance Indicators
As of Monday, March 31, 2025| KPI | Values |
|---|---|
| ROE (Return on Equity) | 34.57% |
| ROCE (Return on Capital Employed) | 34.27% |
| Debt/Equity | 0.40 |
| RoNW (Return on Net Worth) | 34.57% |
| PAT Margin (Profit After Tax Margin) | 11.26% |
| EBITDA Margin | 18.60% |
| Price to Book Value | 0.00 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 0.00 | 0.00 |
| P/E (x) | 0.00 | 0.00 |
| Promoter Holding | 88.50% | 0.00% |
Company Promoters
- Mr. Madhusudhan Varma Jetty”
- Mrs. Radhika Varma Jetty
- Mr. Shashank Varma Jetty and Mr. Hitesh Varma Jetty are the company promoters.
Company Overview
Incorporated in 2011, Digilogic Systems Ltd. is engaged in the design, development, integration, manufacturing, supply, and support of Automated Test Equipment (ATE) systems, radar and Electronic Warfare simulators, application software, and embedded signal processing solutions for the defence and aerospace engineering sector.
The Company’s business includes the design, development, manufacturing, assembling, integration, and support of test systems, system software, and embedded solutions. Its offerings are organised into three segments: (i) Test Systems, including ATE, checkout systems, and radar/EW simulators; (ii) Application Software, comprising data acquisition platforms and IP cores; and (iii) Services, covering system integration, upgrades, and lifecycle support.
The Company provides specialised services in test, simulation, and embedded systems to support clients across the defence and aerospace sectors, with limited application in industrial automation. Its solutions span the entire project lifecycle, from concept development to deployment and maintenance.
The Company operates through two facilities: a 10,688 sq. ft registered office and corporate facility in Hyderabad, integrating design, engineering, administration, manufacturing, and business support functions, and a marketing office in Bangalore focused on business development, customer engagement, and project execution.
Company Strengths
- Experience in delivering Defence and Aerospace Systems.
- Strong industry relationships and International collaborations.
- End-to-end solution capabilities.
- Reusable engineering platforms for efficient delivery.
- Professional and Experienced Leadership Team with Technical and Industry Expertise.
Use of Proceeds
| 1) | Capital expenditure towards setting up of Proposed New Facility | 51.74 |
| 2) | Pre-payment/ re-payment, in part or full, of certain outstanding borrowings availed by the Company | 8.00 |
| 3) | General Corporate Purpose |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Digilogic Systems IPO Peer Comparison
Digilogic Systems peer comparison with similar listed entities. (As on March 31, 2025)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Digilogic Systems | 3.89 | 0.00 | 15.04 | 0.00 | 34.57 | 0.00 | Consolidated |
| DCX Systems | 3.49 | 0.00 | 103.64 | 53.65 | 3.14 | 1.82 | Consolidated |
| Zen Technologies | 32.07 | 0.00 | 187.09 | 40.31 | 27.85 | 6.91 | Consolidated |
| Data Patterns (India) | 39.62 | 0.00 | 269.37 | 66.91 | 15.66 | 9.85 | Consolidated |
| Apollo Micro System | 1.86 | 0.00 | 19.85 | 132.45 | 10.02 | 12.95 | Consolidated |
Quick Info
| Sector | Aerospace & Defense |
| Exchange | BSE SME |
| Market Cap (Pre-IPO) | ₹301.10 Cr |
Important Dates
| IPO Open | Jan 20, 2026 |
| IPO Close | Jan 22, 2026 |
| Allotment Date | Jan 23, 2026 |
| Credit to Demat | Jan 27, 2026 |
| Listing Date | Tentative: Jan 28, 2026 |
Lead Manager(s)
Indorient Financial Services Ltd.
Registrar
Kfin Technologies Ltd.
04067162222, 04079611000
Description
Digilogic Systems IPO is a book build issue of ₹81.01 crores. The issue is a combination of fresh issue of 0.67 crore shares aggregating to ₹69.68 crores and offer for sale of 0.11 crore shares aggregating to ₹11.33 crores.
Digilogic Systems IPO opens for subscription on Jan 20, 2026 and closes on Jan 22, 2026. The allotment for the Digilogic Systems IPO is expected to be finalized on Jan 23, 2026. Digilogic Systems IPO will list on BSE SME with a tentative listing date fixed as Jan 28, 2026.
Digilogic Systems IPO price band is set at ₹98 to ₹104 per share. The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹2,49,600 (2,400 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,600 shares), amounting to ₹3,74,400.