IPO Alert: Digilogic Systems to Open for Subscription on January 20

Digilogic Systems Limited, an automated test equipment systems and application software provider catering to the defence and aerospace sector, has announced the launch timeline for its Initial Public Offering. The company is set to tap the primary market later this month as it prepares for listing on the BSE SME platform. 

IPO Structure and Timeline 

The public issue will open for subscription on January 20 and close on January 22, with the anchor book scheduled to open a day earlier on January 19.  

The IPO comprises a fresh issue of equity shares aggregating up to ₹69.67 crore, along with an offer for sale of up to 11.50 lakh equity shares, amounting to ₹11.33 crore. 

Through the IPO, Digilogic Systems aims to raise a total of up to ₹81 crore. 

Pricing and Lot Details 

The price band for the issue has been fixed in the range of ₹98 to ₹104 per equity share. Investors can bid in lots of 1,200 equity shares, making it a typical SME market offering targeted at informed and institutional investors. 

The equity shares are proposed to be listed on the BSE SME platform. Indorient Financial Services Limited has been appointed as the Book Running Lead Manager for the issue, while KFIN Technologies Limited will act as the registrar. 

About the Company 

Digilogic Systems operates in the specialised domain of automated test equipment and application software, primarily serving defence and aerospace clients.  

The IPO marks a key step in the company’s growth journey as it looks to strengthen its capital base and enhance its market presence. 

Read More: Upcoming IPO: SEBI Clears IPO Plans of 7 Companies Including Gaudium IVF, Runwal Developers and More! 

Conclusion 

With a clearly defined issue structure and a focus on a niche technology segment, Digilogic Systems’ upcoming SME IPO adds to the growing pipeline of defence-linked listings in the domestic capital markets. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.  

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