**Digilogic Systems Limited: Initial Public Offering (IPO) Announcement** Digilogic Systems Limited, a city-based provider of automated test equipment systems and application software to the defense and aerospace sector, announced on Saturday the opening of its Initial Public Offering (IPO) for public subscription on **January 20**. The IPO will conclude on January 22, with the anchor investor portion scheduled to open on January 19. The company is targeting a listing on the BSE SME platform. The price band for the issue has been fixed at **₹98 to ₹104 per share**, with a minimum lot size of **1,200 equity shares**. The total issue size is approximately **₹81.01 crore**, comprising a fresh issue of shares aggregating up to **₹69.68 crore** and an Offer for Sale (OFS) of shares aggregating up to **₹11.33 crore**. Net proceeds from the fresh issue are primarily earmarked for **capital expenditure** related to the establishment of a new facility (approx. ₹51.74 crore) and **repayment of certain outstanding borrowings** (approx. ₹8.00 crore).