Digilogic Systems544684Routine SEBI update
Monitoring agency report for September 2026 quarter: no deviation in IPO proceeds use
Brickwork Ratings India Private Limited, the monitoring agency for the IPO, has given its report on the use of the issue proceeds for the quarter ended September 30, 2026.
By ScoutQuest · · 1 min read
₹80.99 CrAmount received (Rs. crore
Fresh Issue - value as per Offer Document (Rs. crore₹69.66 Cr
Offer for Sale - value as per Offer Document (Rs. crore₹11.33 Cr
- Issue size
- Rs. 80.99 Crore
- Fresh Issue / Offer for Sale
- Fresh Issue of 66,98,400 shares and Offer for Sale of 10,89,600 shares, both at Rs. 104 per share
- Deviation from objects of the issue
- No
What this update is
- Digilogic Systems Ltd has submitted to BSE the quarterly Monitoring Agency Report for the quarter ended September 30, 2026.
- The report is prepared by Brickwork Ratings India Private Limited, the monitoring agency, under Schedule XI of the SEBI ICDR Regulations.
Why an IPO needs a monitoring agency
- Money raised in an IPO is meant to be used for the purposes stated in the offer document.
- A monitoring agency independently tracks whether the funds are being used as stated and reports every quarter.
What the report says
- Deviation from the objects: No.
- Range of Deviation: Not Applicable.
The IPO at a glance
- Fresh Issue: 66,98,400 equity shares at Rs. 104 each, value Rs. 69.66 crore.
- Offer for Sale: 10,89,600 equity shares at Rs. 104 each, value Rs. 11.33 crore.
- Total: 77,88,000 equity shares; issue size and amount received Rs. 80.99 Crore.
- Worth noting for a new investor: fresh issue money comes into the company, while offer-for-sale money goes to the selling shareholders.
- Issue period: anchor investors on 19 January 2026; other investors from 20 January 2026 to 22 January 2026.
Company snapshot
- Industry: Defence & Aerospace Engineering Services.
- Promoters: Mr. Madhusudhan Varma Jetty, Mrs. Radhika Varma Jetty, Mr. Jetty Shashank Varma and Mr. Hitesh Varma Jetty.
How to read this
- This is a periodic compliance report, not a business update. Its main signal is the "no deviation" status, meaning the use of the issue proceeds is in line with the objects stated in the offer document, as recorded by the monitoring agency.
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More numbers
- Funds raised through Fresh Issue and Offer for SaleRs. 80.99 Crore
- Fresh Issue - number of equity shares66,98,400
- Fresh Issue - value as per Offer Document (Rs. crore)69.66
- Offer for Sale - number of equity shares10,89,600
- Offer for Sale - value as per Offer Document (Rs. crore)11.33
- Total number of equity shares77,88,000
- Price per equity share (Rs.)104
- Amount received (Rs. crore)80.99
Source: BSE · 27 Oct 2026
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