Public Issue Opens January 20, Closes January 22
The Initial Public Offering of Digilogic Systems Limited opens for public subscription today, January 20, with the issue scheduled to close on January 22. The company is set to list its equity shares on the BSE SME platform.Digilogic Systems operates in the automated test equipment systems and application software space, catering to defence and aerospace applications.
Issue Size, Price Band, and Lot Details
The IPO comprises a fresh issue of equity shares worth up to ₹69.67 crore and an offer for sale of up to 11.50 lakh equity shares, aggregating ₹11.33 crore. The total issue size stands at ₹81 crore.The price band has been fixed at ₹98 to ₹104 per equity share, with investors required to bid for a minimum lot size of 1,200 equity shares.
Anchor Investors Infuse ₹23.07 Crore Ahead of Issue Opening
Ahead of the public issue, Digilogic Systems raised ₹23.07 crore from anchor investors on January 19 by allotting 22,18,800 equity shares at ₹104 per share. The anchor allocation was completed at the upper end of the price band, reflecting early institutional interest in the offering.Full List of Anchor Investors in Digilogic Systems IPO
| Anchor Investor Name | Equity Shares Allotted | % of Anchor Portion | Issue Price (₹) | Amount Allocated (₹) |
|---|---|---|---|---|
| Negen Undiscovered Value Fund | 8,20,800 | 36.99% | 104 | 8,53,63,200 |
| Ashika Global Securities Private Limited | 2,40,000 | 10.82% | 104 | 2,49,60,000 |
| Navbharat Investment Trust – Navbharat Investment Opportunities Fund | 1,44,000 | 6.49% | 104 | 1,49,76,000 |
| Nav Capital VCC – Nav Capital Emerging Star Fund | 1,44,000 | 6.49% | 104 | 1,49,76,000 |
| Vijit Growth Fund | 1,92,000 | 8.65% | 104 | 1,99,68,000 |
| Aarth AIF Growth Fund | 1,92,000 | 8.65% | 104 | 1,99,68,000 |
| Craft Emerging Market Fund | 97,200 | 4.38% | 104 | 1,01,08,800 |
| PCC Elite Capital Fund | 97,200 | 4.38% | 104 | 1,01,08,800 |
| Shine Star Build Cap Pvt Ltd | 97,200 | 4.38% | 104 | 1,01,08,800 |
| Saint Capital Fund | 97,200 | 4.38% | 104 | 1,01,08,800 |
| Nexus Global Opportunities Fund | 97,200 | 4.38% | 104 | 1,01,08,800 |
| 1008 Bharat Growth Fund I | 97,200 | 4.38% | 104 | 1,01,08,800 |
| Total | 22,18,800 | 100% | 104 | 23,07,55,200 |
Utilisation of IPO Proceeds
According to the offer documents, Digilogic Systems plans to deploy ₹51.73 crore towards capital expenditure for setting up a new facility. An additional ₹8 crore will be used for pre-payment or repayment of certain outstanding borrowings.The balance proceeds will be utilised for general corporate purposes and issue-related expenses.
Issue Management and Listing Plan
Indorient Financial Services Ltd is the Book Running Lead Manager to the issue, while KFIN Technologies Ltd is acting as the Registrar to the offer.With anchor participation completed and the subscription window opening today, investor focus now shifts to the response from retail and non-institutional segments over the three-day bidding period.
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