Overall Subscription at 0.43 Times as Issue Nears Close
The Initial Public Offering of Digilogic Systems Limited has entered its final day of subscription today, January 22, with overall demand remaining subdued so far. The SME issue, which is being offered on the BSE SME platform, has attracted bids for 25.69 lakh shares against 59.79 lakh shares on offer, translating into an overall subscription of 0.43 times.A total of 628 applications have been received across investor categories.
Category Wise Subscription Status
The Qualified Institutional Buyers (QIBs) segment has received bids for 9.61 lakh shares against 16.83 lakh shares reserved, resulting in a subscription of 0.57 times. The demand in this category has come from a single application.The Non Institutional Investors (NII) category has seen limited participation, with bids for 2.44 lakh shares against 15.62 lakh shares on offer, leading to a subscription of 0.16 times. Within this segment, demand has been concentrated in bids of up to ten lakh rupees, while no bids have been recorded in the higher value NII category.
Retail participation under the Individual Investors category stands at 0.50 times, with bids for 13.63 lakh shares against 27.33 lakh shares reserved. This segment has accounted for 568 applications, reflecting broader participation compared to other categories.
No bids have been received under employee, shareholder, or policyholder categories.
Price Band Wise Demand Distribution
Demand across the price band indicates higher interest at the lower end. At the issue price of ₹98, bids were received for 25.69 lakh shares, the highest across all price points. At the upper end of the band, bids for 25.06 lakh shares were recorded at ₹104, showing a gradual tapering of demand as prices moved higher.Key Issue Details
The Digilogic Systems IPO is priced in the range of ₹98 to ₹104 per equity share, with a lot size of 1,200 shares. The issue is scheduled to close later today, concluding the three day bidding process for the SME offering.With the final day of subscription underway, investor response during the remaining bidding window will determine the final subscription outcome for the issue.
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The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.