Comparison between Digilogic Systems IPO and HRS Aluglaze IPO.
Digilogic Systems IPO is a SME Bookbuilding IPO proposed to list at BSE SME while HRS Aluglaze IPO is a SME Bookbuilding proposed to list at BSE SME.
| Digilogic Systems IPO | HRS Aluglaze IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Indorient Financial Services Ltd. | Cumulative Capital Pvt.Ltd. |
| Registrar | Kfin Technologies Ltd. | Purva Sharegistry (India) Pvt.Ltd. |
| Market Maker | Pace Stock Broking Services Private Limited | Mnm Stock Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Digilogic Systems IPO is up to ₹76.94 Cr whereas the issue size of the HRS Aluglaze IPO is up to ₹48.28 Cr. The final issue price of Digilogic Systems IPO is ₹104.00 per share and of HRS Aluglaze IPO is ₹96.00 per share.
| Digilogic Systems IPO | HRS Aluglaze IPO | |
|---|---|---|
| Face Value | ₹2 per share | ₹10 per share |
| Issue Price (Lower) | ₹98.00 per share | ₹94.00 per share |
| Issue Price (Upper) | ₹104.00 per share | ₹96.00 per share |
| Issue Price (Final) | ₹104.00 per share | ₹96.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 1200 shares |
| Fresh Issue Size | 63,08,400 shares | 50,29,200 shares |
| Fresh Issue Size (Amount) | up to ₹65.61 Cr | up to ₹48.28 Cr |
| OFS Issue Size | 10,89,600 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹11.33 Cr | up to ₹0.00 Cr |
| Issue Size Total | 73,98,000 shares | 50,29,200 shares |
| Issue Size Total (Amount) | up to ₹76.94 Cr | up to ₹48.28 Cr |
Digilogic Systems IPO opens on Jan 20, 2026, while HRS Aluglaze IPO opens on Dec 11, 2025. The closing date of Digilogic Systems IPO and HRS Aluglaze IPO is Jan 22, 2026, and Dec 15, 2025, respectively.
| Digilogic Systems IPO | HRS Aluglaze IPO | |
|---|---|---|
| Anchor Bid Date | Jan 19, 2026 | Dec 10, 2025 |
| Issue Open | Jan 20, 2026 | Dec 11, 2025 |
| Issue Close | Jan 22, 2026 | Dec 15, 2025 |
| Basis Of Allotment (Tentative) | Jan 23, 2026 | Dec 16, 2025 |
| Initiation of Refunds (Tentative) | Jan 27, 2026 | Dec 17, 2025 |
| Credit of Share (Tentative) | Jan 27, 2026 | Dec 17, 2025 |
| Listing date (Tentative) | Jan 28, 2026 | Dec 18, 2025 |
| Anchor Lockin End date 1 | Feb 21, 2026 | Jan 13, 2026 |
| Anchor Lockin End date 2 | Apr 22, 2026 | Mar 14, 2026 |
Digilogic Systems IPO P/E ratio is 28.52, as compared to HRS Aluglaze IPO P/E ratio of 26.07.
| Digilogic Systems IPO | HRS Aluglaze IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Financials | Company Financials (Restated)
| Company Financials (Restated Consolidated)HRS Aluglaze Ltd.'s revenue increased by 56% and profit after tax (PAT) rose by 188% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 88.50 | 100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 64.25 | 72.49 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 28.52 | 26.07 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹301.10 Cr. | ₹185.11 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 34.57 | 34.24 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 34.27 | 15.97 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.40 | 1.92 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹3.65 | ₹3.68 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 34.57 | 34.24 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Digilogic Systems IPO Retail Individual Investors (RII) are offered 25,89,600 shares while in HRS Aluglaze IPO retail investors are offered 25,89,600 shares. Qualified Institutional Buyers (QIB) are offered 14,79,600 shares in Digilogic Systems IPO and 14,43,600 shares in HRS Aluglaze IPO.
| Digilogic Systems IPO | HRS Aluglaze IPO | |
|---|---|---|
| Anchor Investor Reservation | 22,18,800 shares | 10,44,000 shares |
| Market Maker Reservation | 3,90,000 shares | 2,74,800 shares |
| QIB | 14,79,600 shares | 14,43,600 shares |
| NII | 11,10,000 shares | 7,56,000 shares |
| RII | 25,89,600 shares | 17,85,600 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 73,98,000 shares | 50,29,200 shares |
Digilogic Systems IPO subscribed 1.10x in total, whereas HRS Aluglaze IPO subscribed 44.83x.
| Digilogic Systems IPO | HRS Aluglaze IPO | |
|---|---|---|
| QIB (times) | 1.60x | 19.48x |
| NII (times) | 0.42x | 82.13x |
| Big NII (times) | 0.20x | 98.16x |
| Small NII (times) | 0.86x | 50.07x |
| RII (times) | 1.08x | 49.54x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1.10x | 44.83x |
