Digilogic Systems IPO – Complete Analysis, GMP, Subscription & Listing Hub
India’s most detailed SME IPO analysis covering GMP, subscription, fundamentals, valuation, risks, and listing performance.
GMP Page: Digilogic Systems IPO GMP Today
⚡ Latest IPO Market Update
• Digilogic Systems IPO witnessed moderate retail demand and selective HNI interest.
• Grey Market Premium (GMP) remained muted, reflecting cautious SME sentiment.
• QIB participation stayed weak, limiting listing upside.
• Long-term performance depends on defence sector order inflow and execution capability.
📊 GMP Dashboard (Unofficial)
| GMP Range | ₹0 – ₹5 |
| Grey Market Sentiment | Neutral |
| Estimated Listing Price | ₹104 – ₹109 |
| Expected Listing Gain | 0% – 5% |
| SME Risk Level | High |
📌 IPO Snapshot
| Issue Size | ₹27.07 Crore |
| Fresh Issue | ₹27.07 Crore |
| OFS | Nil |
| Price Band | ₹98 – ₹104 |
| Issue Price (Cut-Off) | ₹104 |
| Lot Size | 2,400 Shares |
| Minimum Investment | ₹2,49,600 |
| IPO Open Date | 20 January 2026 |
| IPO Close Date | 22 January 2026 |
| Allotment Date | 23 January 2026 |
| Refund Initiation | 24 January 2026 |
| Shares Credit to Demat | 24 January 2026 |
| Listing Date | 28 January 2026 |
| Exchange | BSE SME |
| Registrar | KFin Technologies |
| Face Value | ₹10 |
| Issue Type | Book Built Issue |
| ISIN | INE0XXX01012 (Tentative) |
| Post-IPO Market Cap | ₹105 – ₹115 Crore (Approx) |
📊 Subscription Summary (Final)
| Category | Subscription (Times) |
|---|---|
| Retail | 3.2x |
| NII / HNI | 2.1x |
| QIB | 0.9x |
| Overall | 2.4x |
📅 Day-wise Subscription Trend
| Day | Retail | HNI | QIB | Total |
|---|---|---|---|---|
| Day 1 | 0.8x | 0.5x | 0.2x | 0.6x |
| Day 2 | 2.1x | 1.4x | 0.6x | 1.5x |
| Day 3 | 3.2x | 2.1x | 0.9x | 2.4x |
🏭 Business Overview
Digilogic Systems Limited operates in defence electronics, aerospace testing, embedded systems, and advanced engineering solutions. The company provides mission-critical testing, simulation, integration, and validation services for defence and aerospace applications.
💰 Financial Performance (₹ Crore)
| Year | Revenue | PAT | EBITDA Margin |
|---|---|---|---|
| FY23 | 16.21 | 1.02 | 13.4% |
| FY24 | 21.43 | 2.41 | 18.7% |
| FY25 (H1) | 12.86 | 1.37 | 19.2% |
💵 Cash Flow Snapshot
| Operating Cash Flow (FY24) | ₹2.9 Cr |
| Investing Cash Flow | -₹1.6 Cr |
| Financing Cash Flow | ₹0.8 Cr |
📊 Valuation Metrics
| EPS (FY24) | ₹6.2 |
| Post-IPO P/E | ~16.7x |
| ROE | ~18% |
| ROCE | ~21% |
| Debt-to-Equity | ~0.9x |
| P/B Ratio | ~2.1x |
🏆 Peer Comparison (SME Defence / Engineering)
| Company | P/E | ROE | Revenue (₹ Cr) |
|---|---|---|---|
| Digilogic Systems | 16.7x | 18% | 21.4 |
| Avantel Ltd | 28x | 22% | 220+ |
| Paras Defence | 45x | 17% | 300+ |
📌 SWOT Analysis
- Strength: Defence sector exposure, improving margins.
- Weakness: Small scale, SME liquidity risk.
- Opportunity: Rising defence spending in India.
- Threat: Order delays, policy dependency.
📈 Post-Listing Technical Levels (Expected)
| Immediate Support | ₹95 – ₹98 |
| Strong Support | ₹85 – ₹88 |
| Resistance 1 | ₹112 – ₹115 |
| Resistance 2 | ₹125+ |
🏁 Final Verdict (Updated)
Digilogic Systems IPO is a moderate-risk SME opportunity. Fundamentals are improving, valuation is reasonable, but weak QIB demand and SME liquidity risk limit listing gains. Suitable mainly for high-risk investors targeting short-term listing gains or long-term defence sector exposure.
❓ FAQs – Digilogic Systems IPO
- Is Digilogic Systems IPO good or bad? → Neutral to moderate risk IPO.
- What is expected listing gain? → 0% to 5%.
- Is it good for long-term? → Only for high-risk investors.
- What is GMP today? → ₹0 – ₹5 (unofficial).
- Should retail investors apply? → Only with high-risk appetite.
⚠️ Disclaimer
This content is for educational purposes only. IPO investments involve market risks. Consult a SEBI-registered advisor before investing.
Read More: Digilogic Systems IPO GMP Today
Shubham Chaudhary is the founder of PositionalCalls, an independent Indian stock market research website. He writes company fundamentals, quarterly results analysis, IPO analysis and sector research for NSE and BSE listed companies, with a focus on banking stocks, insurance and long-term value investing. Every article is built from primary sources such as RBI, SEBI, NSE and BSE filings and company annual reports, and states its risks plainly in simple language for retail investors.
Coverage areas Our research standards- Numbers checked against NSE, BSE and SEBI filings
- Risks and limits stated in every article
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- Articles updated when new filings arrive