Digilogic Systems IPO fully subscribed on Day 3: Check allotment date and steps

Digilogic Systems IPO: The initial public offering of Digilogic Systems, an automated test equipment systems and application software provider to the defence and aerospace sector, was fully subscribed on Thursday, January 22, the final day of bidding.

It received bids for 61,65,600 shares as against 59,79,600 shares on offer, translating to 1.03 times subscription, according to the BSE data until 3:25 pm.

The category for individual investors fetched 1.01 times subscription. The portion for qualified institutional buyers (QIBs) was booked 1.54 times subscription, and the quota for non-institutional investors (NIIs) subscribed 52%.

The company seeks to raise up to ₹69.68 crore from the fresh issuance of shares and up to ₹11.33 crore from the offer for sale, taking the total issue size to ₹81.01 crore.

With a price band of ₹98 to ₹104 per share, a lot size consisted of 1,200 equity shares. The minimum investment for an individual investor is 2,400 shares.

The money raised, to the tune of ₹51.73 crore, will be used for capital expenditure towards establishing a new facility and ₹8 crore for debt repayment, in part or full, of certain outstanding borrowings availed by the company. The remaining funds will be utilised for corporate general purposes and offer-related expenses, it added.

Digilogic Systems designs, develops, manufactures, integrates, and supports test systems, software, and embedded signal processing solutions for the defence and aerospace sector.

Digilogic Systems IPO: Allotment and listing date

Digilogic Systems IPO allotment is likely to be finalised on Friday, January 23. The listing on the BSE SME platform will take place on Wednesday, January 28.

How to check Digilogic Systems IPO allotment status on BSE website

• Go to this page: https://bseindia.com/investors/appli_check.aspx
• Select ‘Equity’ as the issue type
• From the ‘Issue Name’ dropdown, select ‘Digilogic Systems Ltd’
• Add PAN or IPO application number
• Press the ‘Search’ button

Steps to check Digilogic Systems IPO allotment status on KFin Technologies

• Open allotment page on registrar's website: https://ipostatus.kfintech.com/
• In the ‘Select IPO’ section, choose ‘Digilogic Systems Ltd’
• Mention either your IPO application number, Demat account number or PAN
• Click on the 'Submit' button