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Digilogic Systems IPO – Live Analysis, GMP, Subscription & Verdict
Digilogic Systems IPO opens on 20 January 2026 and closes on 22 January 2026. This page covers live subscription, GMP, fundamentals, valuation, risks, and listing strategy.
GMP Page: Check GMP Today
⚡ LIVE IPO UPDATE (2026)
- GMP remains in the range of ₹0–₹5 indicating cautious SME sentiment.
- Subscription momentum expected to rise on the final day, typical in SME IPOs.
- Listing performance will depend on HNI demand and overall subscription levels.
📊 GMP Snapshot (Unofficial)
| Metric | Value |
|---|---|
| GMP Today | ₹0 – ₹5 |
| Estimated Listing Price | ₹104 – ₹109 |
| Expected Listing Gain | 0% – 5% |
| Grey Market Sentiment | Neutral to Mild Positive |
📊 Live Subscription Status LIVE
| Category | Subscribed |
|---|---|
| Retail | Updating |
| NII / HNI | Updating |
| QIB | Updating |
| Total | Updating |
Source: BSE SME | Updated periodically
📌 IPO Snapshot
| IPO Type | SME IPO |
| Issue Size | ₹80.36 – ₹81.01 Crore |
| Fresh Issue | ₹69.68 Crore |
| Offer for Sale (OFS) | ₹11.33 Crore |
| Price Band | ₹98 – ₹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 |
| Demat Credit | 27 January 2026 |
| Listing Date | 28 January 2026 |
| Exchange | BSE SME |
| Registrar | KFin Technologies Ltd |
📊 Reservation Structure
| Retail Investors | 35% |
| NII / HNI | 15% |
| QIB | 20% |
| Anchor Investors | 30% |
| Category | Pre-IPO | Post-IPO |
|---|---|---|
| Promoters | 88.50% | 61.93% |
| Public | 11.50% | 38.07% |
🏭 Business Overview
Digilogic Systems Limited is a technology-driven company engaged in design, development, manufacturing, and integration of automated test equipment, electronic warfare systems, radar simulators, embedded systems, and aerospace solutions.
- Defence & Aerospace engineering solutions
- Electronic warfare and radar systems
- Embedded signal processing
- Application software and testing systems
💰 Financial Performance (₹ Crore)
| Year | Revenue | PAT |
|---|---|---|
| FY23 | 16.21 | 1.02 |
| FY24 | 21.43 | 2.41 |
| FY25 (H1) | 12.86 | 1.37 |
📊 Valuation Metrics
| EPS (FY24) | ₹6.2 |
| Post-IPO P/E | ~16–17x |
| ROE | ~18% |
| Debt-to-Equity | ~0.9x |
🏆 Peer Comparison
| Company | P/E (Approx) |
|---|---|
| Digilogic Systems | 16–17x |
| Zen Technologies | 40x+ |
| Data Patterns | 60x+ |
| Apollo Micro Systems | 100x+ |
🎯 Apply or Avoid Framework
- If subscription > 10x + GMP rising → Apply
- If subscription < 3x + GMP flat → Avoid
- If HNI demand strong → Bullish listing signal
🏁 Final Verdict
Digilogic Systems IPO is a moderate-risk SME defence sector issue. Fundamentals are strong, but SME liquidity risk and muted GMP limit listing upside.
- High-risk investors: Selective apply
- Listing traders: Track subscription trend
- Conservative investors: Avoid
⚠️ Disclaimer
This content is for educational purposes only. IPO investments involve market risks. Consult a SEBI-registered advisor before investing.
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
- No paid promotions or broker tie-ups
- Articles updated when new filings arrive