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 name | DU Digital Technologies Limited |
| Sector | Miscellaneous |
| Industry | Miscellaneous |
| Company Website | www.dudigitalglobal.com |
Dates to remember
| IPO Open | 12 August 2021 |
| IPO Close | 17 August 2021 |
| Basis of Allotment | 23 August 2021 |
| Refunds date | 24 August 2021 |
| Credit to Demat Account | 25 August 2021 |
| Listing Date | 26 August 2021 |
IPO Details
| IPO Opening Date | Aug 12, 2021 |
| IPO Closing Date | Aug 17, 2021 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹65 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | NSE SME |
| Issue Size | 690,000 Eq Shares of ₹10 (aggregating up to ₹4.49 Cr) |
| Application amount | ₹130,000 |
Company Financials
| Particulars | For the year/period ended (₹ in Lakh) | ||
|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 391.41 | 772.23 | 1202.79 |
| Total Revenue | 226.78 | 3,206.44 | 3,747.93 |
| Profit After Tax | 10.53 | (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
Website: http://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
Website: http://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