DU Digital Technologies IPO

DU Digital Technologies IPO-Fixed price Issue

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DU Digital Technologies IPO will open for subscription from 12 August 2021. The company aims for an issue size of ₹4.49 Crores through this fixed price issue IPO.

Also read: IPO List 2021: a complete list of IPOs in 2021

DU Digital Technologies Limited

Incorporated in 2007, DU DigitalTechnologies is engaged in the business of providing visa processing services to embassies of different countries. It acts as a human interface between the visa applicant and the technical visa processing unit. The company plays administrative and non-judgmental tasks related to visa application, digitalization, document verification, and biometric data collection for customers.

It offers various contractual services 1. accepts documents on behalf of the Ministry, 2. attestation services, 3. collecting fingerprints, facial photos, retina scans, etc. It further provides many value-added services i.e. premium lounge, prime time application, mobile biometrics, SMS alert, and courier services.

The company has Visa Application Centers (VACs) in Delhi, Kolkata, Bangalore, Mumbai and also partnered with VFS Global Services Ltd to provide processing support services in Ahemdabad, Chandigarh, Chennai, Cochin, Jalandhar, Hyderabad, Pune, Gurgaon, Jaipur, and Goa.

Objects of the Issue

  • Meet working capital requirements.
  • Investment in a subsidiary company, Dudigital Global LLC.
  • To meet general corporate purposes.
  • To meet issue expenses.

Competitive strengths

  • High entry barriers in the industry.
  • Qualified and experienced managerial team.
  • Exclusive service agreements for visa processing services.

Basic details about the company

Full nameDU Digital Technologies Limited
SectorMiscellaneous
IndustryMiscellaneous
Company Websitewww.dudigitalglobal.com

Dates to remember

IPO Open12 August 2021
IPO Close17 August 2021
Basis of Allotment23 August 2021
Refunds date24 August 2021
Credit to Demat Account25 August 2021
 Listing Date26 August 2021

 IPO Details

IPO Opening DateAug 12, 2021
IPO Closing DateAug 17, 2021
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price₹65 per equity share
Market Lot2000 Shares
Min Order Quantity2000 Shares
Listing AtNSE SME
Issue Size690,000 Eq Shares of ₹10
(aggregating up to ₹4.49 Cr)
Application amount₹130,000

Company Financials

ParticularsFor the year/period ended (₹ in Lakh)
31-Mar-2131-Mar-2031-Mar-19
Total Assets391.41772.231202.79
Total Revenue226.783,206.443,747.93
Profit After Tax10.53(23.81)70.62

Company Promoters

  • Mr. Rajinder Rai

IPO Lead Manager

  • Hem Securities Limited

DU Digital Technologies IPO Registrar

Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai – 400 059
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Websitehttp://www.bigshareonline.com

Company Contact Information

DU Digital Technologies Limited
C-4 SDA Community Centre Hauz Khas,
New Delhi, 110016, Delhi, India
Phone: 011-40450533
Email: cs@dudigitalglobal.com
Websitehttp://www.dudigitalglobal.com/

Final thoughts

DU Digital Technologies IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make a wise decision.

Happy Investing


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