Digilogic Systems Limited Announces IPO Opening January 20 with Price Band Rs 98-104

Digilogic Systems Limited, a Hyderabad-based provider of automated test equipment and software for the defence and aerospace sectors, announced its Initial Public Offering (IPO) will open on January 20 and close on January 22. The IPO, priced between Rs 98 and Rs 104 per share with a lot size of 1,200 shares, aims to raise up to Rs 69.67 crore through a fresh issue and Rs 11.33 crore via offer for sale. Proceeds will fund new facility capital expenditure, debt repayment, and general corporate purposes. The company plans to list on the BSE SME platform, with Indorient Financial Services as lead manager and KFIN Technologies as registrar.