DIGILOGIC SYSTEMS IPO
Overview of the Investment Opportunity
| IPO Period | 20th – 22nd Jan 2026 |
|---|---|
| Listing on | 28 Jan 2026 |
| Price Band | ₹98 – ₹103 |
| Lot Size & Minimum Investment | 1199 shares – ₹123,497 |
| Total Issue Size | ₹81.01 Crores |
Key Dates for Your Calendar
- Opening Date: 20 Jan 2026
- Closing Date: 22 Jan 2026
- UPI Payment Deadline: 22 Jan 2026 (5 PM)
- Allotment Announcement: 23 Jan 2026
- Refund Processing: 27 Jan 2026
- Demat Credit: 27 Jan 2026
- Stock Market Listing: 28 Jan 2026
- Mandate Validity End: 07 Feb 2026
- Anchor Investor Lock-in Release (50%): 22 Feb 2026
- Anchor Investor Lock-in Release (Remaining): 23 Apr 2026
*Dates may be revised as per official updates.
Decoding Digilogic Systems Limited
Founded in 2011, Digilogic Systems Limited operates in the technology-led defence and aerospace engineering sector, specializing in the design, development, integration, manufacturing, supply, and support of advanced test, measurement, and simulation solutions. The company caters to defence, aerospace, and strategic electronics customers primarily within India and is recognized for its project-driven and solution-oriented business model. Initially established as a partnership firm in 2007, Digilogic Systems Limited was incorporated as a private company in 2011 and subsequently converted into a public limited entity in 2025. This evolution reflects its growth and increasing prominence in a critical sector.
Digilogic Systems Limited’s extensive offerings include automated test equipment, advanced radar and electronic warfare simulators, robust embedded systems, sophisticated signal processing solutions, and custom application software. These mission-critical systems underscore the company’s commitment to delivering high-precision engineering solutions tailored for complex requirements. By combining in-house engineering expertise, robust system integration capabilities, and manufacturing prowess, Digilogic Systems Limited positions itself as a vital contributor to India’s defence and aerospace technological self-reliance, aligning closely with national indigenous defence initiatives.
IPO Structure and Capital Mobilization
| Total Funds Raised | ₹81.01 Crores |
|---|---|
| Fresh Issue Component | ₹69.68 Crores |
| Offer for Sale Component | ₹11.33 Crores |
The total issue size for the Digilogic Systems IPO is ₹81.01 Crores. This comprises two key components: a fresh issue of ₹69.68 Crores and an Offer for Sale (OFS) amounting to ₹11.33 Crores. The proceeds from the fresh issue will directly bolster the company’s balance sheet, providing capital for its strategic growth initiatives. The OFS component, on the other hand, allows existing shareholders to divest a portion of their holdings, offering liquidity while maintaining the company’s public listing objectives.
Digilogic Systems Limited has demonstrated a commendable financial trajectory. For the financial year ended March 2025, the company reported total assets of ₹72.57 Crores, significant growth from ₹35.55 Crores in March 2024. Revenue also saw a healthy increase, climbing to ₹72.19 Crores in March 2025 from ₹51.71 Crores in March 2024. Profit After Tax (PAT) showed substantial improvement, rising from ₹2.4 Crores in March 2024 to ₹8.11 Crores in March 2025. These figures indicate robust operational performance and a strong foundation as the company seeks public investment.
Strategic Utilization of IPO Proceeds
The capital raised through the fresh issue component of the IPO is strategically earmarked to fuel Digilogic Systems Limited’s expansion and operational enhancements. The planned utilization is detailed as follows:
| Objective | Amount (INR Crores) | Allocation % |
|---|---|---|
| Capital expenditure for the proposed facility | 51.74 | 74.25% |
| Repayment of borrowings | 8.00 | 11.48% |
| General corporate purposes | 9.94 | 14.27% |
A significant portion, approximately 74.25% of the fresh issue proceeds, is allocated towards capital expenditure for a new proposed facility. This investment is crucial for scaling up the company’s manufacturing and engineering capabilities, enabling it to undertake larger and more complex projects. A further 11.48% is dedicated to the repayment of borrowings, which will help reduce the company’s financial leverage and strengthen its balance sheet. The remaining 14.27% is earmarked for general corporate purposes, providing flexibility for strategic initiatives, working capital requirements, and other operational needs.
Distinctive Strengths of Digilogic Systems
- Specialized Domain Expertise: Digilogic Systems possesses strong, in-depth domain expertise in defence and aerospace test, measurement, and simulation systems, a highly specialized and high-barrier-to-entry market.
- Robust Customer Relationships: The company benefits from long-standing relationships with marquee defence and government customers, reflecting trust and consistent project delivery.
- Integrated Technology Capabilities: With technology-led, end-to-end capabilities spanning from design and development to manufacturing and post-sales support, Digilogic Systems offers comprehensive solutions.
- Alignment with National Initiatives: Its business model and offerings are well-aligned with key government initiatives like ‘Make in India’ and indigenous defence programs, positioning it favorably for future growth.
- Experienced Leadership: The company is driven by an experienced promoter group with profound industry knowledge and a proven track record in the defence and aerospace sector.
Considerations and Potential Risks
- Customer Concentration: A significant portion of the company’s revenue is dependent on a limited number of key customers, which could pose a risk if these relationships are disrupted or orders decrease.
- Reliance on Defence Spending: The business is inherently linked to government defence spending and procurement cycles, making it susceptible to policy changes, budget allocations, and geopolitical factors.
- Execution Risk for New Facility: The successful execution and timely commissioning of the proposed new facility involve inherent execution risks, which could impact operational efficiency and projected growth.
- Geographic Concentration: Operations are geographically concentrated in a single region, which might expose the company to localized economic downturns, regulatory changes, or unforeseen events.
- Cybersecurity and Data Risks: Operating in the defence sector, the company handles sensitive data and is exposed to cybersecurity risks, requiring robust protection measures.
Latest Subscription Data
Subscription statistics based on the latest available information:
| Investor Category | Shares Reserved (Lakhs) | Shares Applied (Lakhs) | Subscription (Times) |
|---|---|---|---|
| Qualified Institutional Buyers (QIB) | [Value will be updated post-subscription] | [Value will be updated post-subscription] | [Value will be updated post-subscription] |
| Non-Institutional Investors (NII) | [Value will be updated post-subscription] | [Value will be updated post-subscription] | [Value will be updated post-subscription] |
| Retail Individual Investors (RII) | [Value will be updated post-subscription] | [Value will be updated post-subscription] | [Value will be updated post-subscription] |
| Total | [Value will be updated post-subscription] | [Value will be updated post-subscription] | [Value will be updated post-subscription] |
*Subscription figures will be updated dynamically once the IPO opens for subscription. Investors are advised to refer to official exchange data for the most accurate and up-to-date information.
How to Apply
Investors can participate in this IPO via the official Dhan Kirti IPO platform before the subscription closes. Ensure your Demat and trading accounts are ready to facilitate a smooth application process.
