Digilogic Systems was incorporated on May 08, 2007. The company is a technology-led enterprise engaged in designing, developing, manufacturing, and supporting automated test equipment, radar and electronic warfare simulators, and embedded software solutions. Its offerings cater to the defence and aerospace engineering sectors
| Bidding Dates |
|---|
| 20 Jan 2026 - 22 Jan 2026 |
| Subscription |
|---|
| 1.09x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,35,200 | 2 | 2 | 1200 | 7.8 M | ₹98 - ₹104 | 64.25 % | ₹763.3 M - ₹810.1 M | RHP DOC |
Digilogic Systems IPO SUBSCRIPTION STATUS
22 Jan '26Digilogic Systems IPO overall subscription rate was 1.09 times the total available shares
Digilogic Systems IPO retail subscription rate was 1.41 times in the retail segment
Digilogic Systems IPO non-institutional investor subscription rate was 0.98 times in the non-institutional investor category
Digilogic Systems IPO Qualified Institutional Bidder subscription rate was 0.9 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
22 Jan 2026 (Day 3) | 1.41x | 0.98x | 0.9x |
21 Jan 2026 (Day 2) | 0.63x | 0.27x | 0.32x |
20 Jan 2026 (Day 1) | 0.37x | 0.11x | 0.32x |
Digilogic Systems FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| H1FY26 | 18.2 | 1.6 | 3.2 | 1.6 | 18.4% |
| FY25 | 72.1 | 8.1 | -10.5 | -12.5 | 18.6% |
| FY24 | 51.6 | 2.4 | 5.5 | 4.6 | 10.6% |
| FY23 | 56.0 | 2.2 | -6.7 | -7.0 | 9.4% |
Digilogic Systems IPO SUBSCRIPTION STATUS DETAILS
Digilogic Systems had 7.8 M shares on offer
Digilogic Systems IPO offer price was in the range ₹98 - ₹104
Digilogic Systems IPO minimum Investment was ₹235200
Digilogic Systems IPO issue size was ₹ 763.3 M - ₹ 810.1 M
Digilogic Systems had a minimum lot size of 1200 Shares per application
Digilogic Systems NUMBER OF SHARES ON OFFER
Digilogic Systems IPO IMPORTANT DATES
| Issue Open Date | 20 Jan 2026 |
| Issue close Date | 22 Jan 2026 |
| Allotment Date | 23 Jan 2026 |
| Refund Date | 27 Jan 2026 |
| Demat Account Credit Date | 27 Jan 2026 |
| Listing Date | 28 Jan 2026 |
| Listing on Exchange(s) | BSE |
| Digilogic Systems Allotment Status | Exchange/ Registrar |
Digilogic Systems IPO subscription opened on 20 Jan 2026, and closed on 22 Jan 2026
IPO allotment for Digilogic Systems was finalized on Friday, 23 Jan 2026
IPO listing for Digilogic Systems was on BSE on Wednesday, 28 Jan 2026
Digilogic Systems IPO LISTING GAINS
| Issue Price (adjusted) | 104.0 |
| Listing Open Price | 83.2 |
| Listing Close Price | 79.0 |
| Listing Gain% | -20.0% |
| Current Gain% | 64.4% |
Digilogic Systems Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Digilogic Systems Ltd. | 171 | 494.9 | 47.5 | 1.7 | 6.3 | 9.6 | 7.6 | 78.3 | 8.4 | 10.4 | 28.5 | 3.6 | 28.6 |
| Hindustan Aeronautics Ltd. | 4910 | 328368.5 | 36 | 4 | 9.9 | 22.2 | 6.9 | 36788 | 9.7 | 9115.6 | 9 | 136.3 | 9 |
| Bharat Electronics Ltd. | 401 | 293122.1 | 47.7 | 4.1 | 10.2 | 25.3 | 13.6 | 28176.1 | 15 | 6062 | 13.9 | 8.4 | 11.7 |
| Mazagon Dock Shipbuilders Ltd. | 2514.9 | 101446 | 35.5 | 1.1 | 7.6 | 26.5 | 9.4 | 14145.7 | 12.7 | 2583.3 | 7 | 70.8 | 31.7 |
| Bharat Dynamics Ltd. | 1294 | 47433.2 | 112.8 | -4.8 | 19.4 | 9.9 | 2.9 | 2865.6 | -22.5 | 420.3 | -23.5 | 11.5 | -23.5 |
| Garden Reach Shipbuilders & Engineers Ltd. | 2599 | 29772.1 | 37.2 | 0.9 | 4 | 28.5 | 7 | 7276.5 | 34.5 | 747.9 | 41.8 | 69.9 | 42.9 |
Digilogic Systems INFORMATION ON IPO ISSUE
About Digilogic Systems
Digilogic Systems was incorporated on May 08, 2007. The company is a technology-led enterprise engaged in designing, developing, manufacturing, and supporting automated test equipment, radar and electronic warfare simulators, and embedded software solutions. Its offerings cater to the defence and aerospace engineering sectors
Object of the Issue
- Capital expenditure towards setting up of proposed new facility
- Pre-payment/ re-payment, in part or full, of certain outstanding borrowings availed by the company
- General corporate purposes
Digilogic Systems - PROMOTERS
| Name |
|---|
| Madhusudhan Varma Jetty |
| Radhika Varma Jetty |
| Jetty Shashank Varma |
| Hitesh Varma Jetty |
Digilogic Systems - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Madhusudhan Varma Jetty | Chairman & Managing Director |
| Radhika Varma Jetty | Whole-time Director |
| Jetty Shashank Varma | Whole-time Director & Chief Executive Officer |
| Hitesh Varma Jetty | Whole-time Director |
| Balasubramanyam Danturti | Non-Executive Independent Director |
| Madadi Ugender Reddy | Non-Executive Independent Director |
| Sesha Rama Srinivasa Sastry Pullela | Non-Executive Independent Director |
Digilogic Systems Book Running Lead Manager
Indorient Financial Services Limited
compliance-ifsl@indorient.in
Digilogic Systems Registrar to the issue
KFin Technologies Limited
digilogic.ipo@kfintech.com
Digilogic Systems Strengths
Experienced player
The company has over 18 years of experience delivering systems and solutions for the defence and aerospace sectors, including radar simulators, automated test systems, and satellite payload validation solutions. Long-term client relationships are supported by close technical collaboration, consistent quality delivery, and strong post-deployment support
Relationships & collaborations
The company has established long-standing relationships within India’s defence and aerospace ecosystem and is empanelled as a design partner under the DcPP, reflecting recognised technical capability and access to mission-critical projects. International collaborations, MoUs, and certifications such as AS9100D and ISO 9001:2015 further strengthen its technical expertise, quality compliance, and global opportunities
End-to-end solution capabilities
The company provides integrated solutions across the full system development lifecycle, from design and prototyping to testing, deployment, and post-delivery support. Service and maintenance contracts further enable upgrades, technical support, and recurring revenue while ensuring long-term client engagement
Digilogic Systems Risks
Cyber-attacks risks
Cyber-attacks, security breaches, or disruptions from IT failures, natural disasters, or public health events could adversely affect the company’s business and financial performance. While the company has implemented cybersecurity safeguards and past incidents have not had a material impact, it remains exposed to evolving and sophisticated threats, including those targeting sensitive national security information
Inspections & audits
The company operates under stringent quality standards and is subject to regular inspections and audits, and any failure to meet quality, specification, or delivery requirements could lead to order cancellations, contractual disputes, or reputational harm. Defects, delays, or non-compliance in its defence and aerospace solutions may adversely impact customers’ end-products and result in financial exposure, loss of future business, and weaker operating performance
Innovation risks
Failure to continuously innovate, invest in research and development, and keep pace with rapid technological advancements in the defence sector could reduce the company’s competitiveness and adversely affect its operations and financial performance. Evolving customer requirements and advancements in state-of-the-art technologies may render existing products and systems obsolete if timely upgrades are not achieved
IPO FAQs
This IPO consists of an offer for sale of up to Rs 11.3 crore, of 1,089,600 shares. It also consists of a fresh issue of Rs 69.7 crore.
The promoters of the company are Madhusudhan Varma Jetty, Radhika Varma Jetty, Jetty Shashank Varma and Hitesh Varma Jetty.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 98.0 - 104.0.
The IPO application opens on Jan 20, 2026 and closes on Jan 22, 2026.
The minimum lot size for the IPO is 2400. The maximum lot size for the IPO is 2400.
For all category investors, the minimum application amount for this IPO is Rs. 235,200.0, the maximum value for this IPO is Rs 249,600.0.
This IPO will be allotted on Jan 23, 2026.
The refund will be credited to your account on Jan 27, 2026.
The allotted shares will be credited to your demat on Jan 27, 2026.
Digilogic Systems Ltd.’s shares listed on the stock exchanges on Jan 28, 2026.