Digilogic Systems came to market through an SME IPO that opened on 20 January 2026 and closed on 22 January 2026, and the shares listed on 28 January 2026 on BSE SME. The price band was ₹98 to ₹104 per share and one lot was 1200 shares, so the minimum application was ₹1,24,800. The issue size was ₹81.01 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
Kfin Technologies Ltd was the registrar to the issue, and Indorient Financial Services Ltd was the lead manager.
As of 22 January 2026.
| Day |
|---|
| 1 |
| 2 |
| 3 |
Incorporated in the year 2011, the Digilogic Systems Ltd. is involved in designing, developing, integrating, manufacturing, supplying, and supporting Automated Test Equipment (ATE) system solutions, radar and EW simulators, application software, and embedded signal processing in the field of defense and aerospace engineering. The Company is involved in the design, development, manufacture, assembly, integration, and support of test systems, system software, and embedded solutions. The products of the Company are categorized into three segments:
(i) Test Systems - comprising ATE products, checkout systems, and radar/EW simulators, (ii) Application Software - comprising data acquisition platforms, and (iii) Services - comprising system integration, upgrade, and lifecycle services. The Company offers specialized services in the areas of test, simulation, and embedded systems for the purpose of assisting clients in the defense and aerospace industries; the Company’s solutions have limited use in the industrial automation sector.
The solutions provided by the Company cover the entire project life cycle from concept development through to deployment and then maintenance. The Company has been operating through two facilities: a 10,688 sq. ft registered office and corporate facility at Hyderabad incorporating design, engineering, administrative, manufacturing, and business services, and a marketing office at Bangalore with business development, customer interaction, and project implementation activities.
As described in the offer document.
| Metric | 30-Sep-25 | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
|---|
Mr. Madhusudhan Varma Jetty, Mrs. Radhika Varma Jetty, Mr. Shashank Varma Jetty, Mr. Hitesh Varma Jetty. Promoter holding 88.50% before the issue.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Digilogic Systems IPO was a ₹81.01 crore book-built issue, comprising a fresh issue of ₹69.68 crore and an offer for sale of ₹11.33 crore. It was priced at ₹98–₹104 per share with a lot size of 1,200 shares; the minimum retail application was 2,400 shares (₹2,49,600). The IPO was open from January 20 to January 22, 2026 and was subscribed 1.17x.
Shares listed on BSE SME on January 28, 2026 at ₹83.20, a 20.0% discount to the issue price of ₹104. Kfin Technologies Ltd. is the registrar. Indorient Financial Services Ltd. is the book running lead manager.
The price band of Digilogic Systems IPO is ₹98 to ₹104 per share.
The lot size of Digilogic Systems IPO is 1200 shares.
The minimum investment for Digilogic Systems IPO is approximately ₹2,49,600 based on the upper price band.
The allotment date of Digilogic Systems IPO is Jan 23, 2026.
You can check Digilogic Systems IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Digilogic Systems IPO allotment status on Rupix for quick and easy access.
₹98 to ₹104 per share. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1200 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,24,800. After listing, SME shares also trade in lots rather than one share at a time.
₹1,24,800, for one lot of 1200 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 20 January 2026 and closed on 22 January 2026.
The basis of allotment was published on 23 January 2026 by Kfin Technologies Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 28 January 2026 on BSE SME.
The issue size was ₹81.01 crore. The fresh issue was 66,99,596 shares (aggregating up to ₹69.68 crore). The offer for sale was 10,89,600 shares (aggregating up to ₹11.33 crore).