Digilogic Systems Limited IPO
Digilogic Systems Limited is a technology-led company engaged in the design, development, integration, manufacturing, supply, and support of advanced engineering systems for the defence and aerospace sector. The Company specialises in Automated Test Equipment (ATE), radar and Electronic Warfare (EW) environmental simulators, application software, and embedded signal processing solutions.
Digilogic primarily serves government defence entities, receiving purchase orders both directly through tendering processes and indirectly via third-party vendors supplying to government organisations.
Products and Services
The Company’s offerings are structured into three key segments:
1. Test Systems: Automated Test Equipment (ATE), Checkout Systems, Radar and Electronic Warfare (EW) Simulators
2. Application Software: Data acquisition platforms, Embedded software solutions and Intellectual Property (IP) cores
3. Services: System integration and upgrades, Functional and environmental testing and Lifecycle support and maintenance
These solutions are designed to support mission-critical defence and aerospace programmes, with limited application in industrial automation.
Service Capabilities
Digilogic provides end-to-end project lifecycle support, covering Concept and system design, Prototyping and development, Manufacturing and integration, Deployment, upgrades, and long-term maintenance
This integrated approach enables the Company to deliver customised, high-reliability solutions aligned with stringent defence and aerospace requirements.
Competitive Strengths
1. Proven Defence and Aerospace Experience: Over 18 years of experience delivering test systems and simulators for defence and aerospace programmes.
2. Strong Industry Relationships and Collaborations: Empanelled as a DcPP design partner with established relationships across India’s defence ecosystem.
3. End-to-End Solution Capability: Integrated capabilities spanning design, development, manufacturing, testing, and lifecycle support.
4. Reusable Engineering Platforms: Modular hardware and software platforms enable faster customisation and efficient project execution.
Objects of the Digilogic Systems Limited IPO:
Digilogic Systems Limited IPO Details:
| Open Date: | Jan 20 2026 |
| Close Date: | Jan 22 2026 |
| Total Shares: | 77,89,196 |
| Face Value: | ₹ 2 Per Equity Share |
| Issue Type: | Book Building |
| Issue Size: | 81 Cr. |
| Lot Size: | 1200 Shares |
| Issue Price: | ₹ 98-104 Per Equity Share |
| Listing At: | BSE SME |
| Listing Date: | Jan 28 2026 |
Promoters And Management:
Financials of Digilogic Systems Limited IPO:
| Particulars | 6M FY2025-26 | FY 2024-25 | FY 2023-2024 | FY 2022-2023 |
| Revenue from Operations (Cr) | 18 | 72 | 51 | 56 |
| EBITDA (Cr) | 3 | 13 | 5 | 53 |
| EBITDA Margins | 18% | 19% | 11% | 9% |
| PAT (Cr) | 2 | 8 | 2 | 2 |
| PAT Margins | 9% | 11% | 5% | 4% |
| ROCE | 5% | 34% | 19% | 21% |
| D/E Ratio | 0.63 | 0.40 | 0.60 | 0.98 |
| OPerating Cash Flow | 3.2 | -11 | 5 | -7 |
Comparison With Peers:
| Companies | Revenue (in cr) | EBITDA Margins | PAT Margins | ROCE | MCap (in cr) | P/E |
| Digilogic Systems Limited | 72 | 19% | 11% | 34% | 301.1 | 37.6 |
| DCX Systems Limited | 1084 | 0% | 3.60% | 5% | 1955 | 76.0 |
| Zen Technologies Limited | 974 | 39% | 30.70% | 37.20% | 11954 | 48.3 |
| Data Patterns (India) Limited | 708 | 39% | 31% | 21% | 14238 | 61 |
| Apollo Micro System Limited | 562 | 23% | 10% | 14.50% | 8771 | 103 |
| Note : Forward P/E is 75.27 According to FY26 PAT | ||||||
Lead Manager of Digilogic Systems Limited IPO:
Registrar of Digilogic Systems Limited IPO:
Discussion on Digilogic Systems Limited IPO:
Leave a Reply
You must be logged in to post a comment.