Digilogic Systems IPO
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Digilogic Systems IPO details
Schedule of Digilogic Systems
| Issue open date | 20 Jan 2026 |
| Issue close date | 22 Jan 2026 |
| UPI mandate deadline | 22 Jan 2026 (5 PM) |
| Allotment finalization | 23 Jan 2026 |
| Refund initiation | 27 Jan 2026 |
| Share credit | 27 Jan 2026 |
| Listing date | 28 Jan 2026 |
| Mandate end date | 07 Feb 2026 |
| Lock-in end date for anchor investors (50%) | 22 Feb 2026 |
| Lock-in end date for anchor investors (remaining) | 23 Apr 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Digilogic Systems
Digilogic Systems Limited is a technology-led defence and aerospace engineering company. It was originally established in 2007 as a partnership firm and was incorporated as a company in 2011. The company was converted into a public limited entity in 2025. It is promoted by Mr Madhusudhan Varma Jetty, Mrs Radhika Varma Jetty, Mr Jetty Shashank Varma, and Mr Hitesh Varma Jetty. The company is engaged in the design, development, integration, manufacturing, supply, and support of advanced test, measurement, and simulation solutions. Its offerings include automated test equipment, radar and electronic warfare simulators, embedded systems, signal processing solutions, and application software. These products primarily serve defence, aerospace, and strategic electronics customers in India. Digilogic operates on a project-driven and solution-oriented business model. It combines in-house engineering, system integration, and manufacturing capabilities to deliver customised, mission-critical systems. Its strengths include strong domain expertise, long-standing customer relationships, alignment with indigenous defence initiatives, and capabilities across the full product lifecycle.
Financials
| Financial Year Ended | March 2024 | March 2025 | September 2025 |
| Total Assets | 35.55 | 72.57 | 64.53 |
| Revenue | 51.71 | 72.19 | 18.28 |
| Profit After Tax | 2.4 | 8.11 | 1.61 |
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 81.01 |
| Fresh Issue – Proceeds go to the company | 69.68 |
| Offer for sale – Proceeds go to the existing investors | 11.33 |
Utilisation of Proceeds
| Purpose | INR crores (%) |
|---|---|
| Capital expenditure for the proposed facility | 51.74 (74.25%) |
| Repayment of borrowings | 8 (11.48%) |
| General corporate purposes | 9.94 (14.27%) |
Strengths
- Strong domain expertise in defence and aerospace test, measurement, and simulation systems.
- Long-standing relationships with marquee defence and government customers.
- Technology-led, end-to-end capabilities from design to manufacturing and support.
- Alignment with Make in India and indigenous defence initiatives.
- Experienced promoter group with deep industry knowledge.
Risks
- High revenue dependence on a limited number of key customers.
- Business linked to defence spending and government procurement cycles.
- Execution risk in setting up and commissioning the proposed new facility.
- Geographic concentration of operations in a single region.
- Exposure to cybersecurity risks and sensitive defence data.