DU Digital Technologies IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 16, 2022Let’s have a detailed review of the company and analytics of the DU Digital Technologies IPO release date, IPO offer price, subscription, DU Digital Technologies Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Cash Price | Rs 65 |
| Listing At | NSE Emerge |
| Min. Order Quantity | 2000 Shares |
| Listing Date | Aug 25, 2021 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs Lakh |
| IPO Size | Rs 448.50 Lakh |
| Tick Size | 1 |
DU Digital Technologies IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – DU Digital Technologies Share Price |
DU Digital Technologies IPO – Summary
Their Company started its operations in the year 2015 and since then has been in the business of providing Visa Processing Services to embassies of various countries. They manage the human interface between the visa applicant and the technical visa processing unit of the embassy of the country for which they are awarded the contract or subcontract.
The company’s role is administrative and non-judgmental tasks related to visa application, digitalization, document verification, and biometric data collection for its customers. This in turn enables the respective government authorities to focus entirely on the critical task of assessment. DU Digital does not play any part in the decision-making process behind visa approvals being granted or denied.
Currently, they are providing a human interface of visa processing services for Greece and Malaysia in and for India by way of various sub-contracts awarded to their Company and its subsidiaries.
The Promoter of this company is Mr. Rajinder Rai. The lead manager to the issue is HEM SECURITIES LIMITED, and the Registrar to this issue is BIG SHARE SERVICES PRIVATE LIMITED.
DU Digital Technologies IPO Date
The opening and the closing date of DU Digital Technologies IPO are Aug 12, 2021, and Aug 17, 2021, respectively.
DU Digital Technologies IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 12 August | 0.24x | 13.63x | 6.94x |
| 2nd Day – 13 August | 1.23x | 22.04x | 11.63x |
| 3rd Day – 16 August | 1.42x | 28.44x | 14.93x |
| 4th Day – 17 August | 6.71x | 39.28x | 22.99x |
| Shares Offered or Net Issue | 326,000 | 326,000 | 652,000 |
The shares subscribed by the public will be updated here.
DU Digital Technologies IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
DU Digital Technologies Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Aug 20, 2021 |
| Refunds Initiation | Aug 23, 2021 |
| The credit of Shares to Demat Account | Aug 24, 2021 |
| Share Listing Date | Aug 25, 2021 |
DU Digital Technologies IPO Cash Price
The face value of each share is Rs.10, but the price band of the IPO is Rs.65
DU Digital Technologies IPO Equity Size
This Initial Public Issue of 6,90,000 Equity Shares of Rs.10 each for cash at a price of Rs.65 per equity share aggregating to Rs.448.50 Lakh.
DU Digital Technologies IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.10/ each.
Issue Size: 6,90,000 Equity Shares of Rs.10 each, aggregating to Rs.448.50 Lakh
Open Free Demat Account Now!
DU Digital Technologies IPO – Live Performance
The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – DU Digital Technologies Share Price |
DU Digital Technologies IPO Grey Market Premium
The DU Digital Technologies Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
DU Digital Technologies IPO – Company Overview
Their Company has been awarded the exclusive sub-contract for providing technical assistance, logistics, and back-end support services for processing Greece Visa Applications in India. In this connection, their company operates the Visa Application Centres (VAC) to facilitate Greece visa services.
The visa applications, travel documents, biometrics, visa fees, etc are submitted in the VAC for further processing by the foreign missions. The Hellenic Ministry of Foreign Affairs (Greek Ministry) has signed a contract with Global Visa Centre World (Hellas) S.A. (GVCW) for the outsourcing of Greece Visa Services.
The same has therefore been outsourced through multiple subcontracts to their Company vide Service Level Agreement dated November 29, 2017, further renewed vide Additional Agreement#3 valid from December 31, 2020, to December 31, 2021, by and between Their Company, VF Worldwide Holdings Limited (VF worldwide), a company incorporated in the UAE and GVCW Operations Limited.
In terms of the agreement, DU Digital raises invoices to its customers for the visa fees collected and the services provided. Their company operates some of its own VACs in places like Delhi, Kolkata, Bangalore, and Mumbai and has also partnered with VFS Global Services Limited (VFS) to provide back end processing/ support services for VACs run and operated by VFS in places like Ahmedabad, Chandigarh, Chennai, Cochin, Hyderabad, Jalandhar, Pondicherry, Pune, Gurgaon, Jaipur, and Goa.
DU Digital Technologies IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | |||
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Total Assets | 391.41 | 772.23 | 1202.79 |
| *Total Revenue | 226.78 | 3,206.44 | 3,747.93 |
| Total Expense | 199.89 | 3,232.81 | 3,650.63 |
| Profit After Tax | 10.53 | (23.81) | 70.62 |
Earnings per Equity Share (in Lakh)
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Basic & Diluted | 0.80 | (1.69) | 5.01 |
Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. 10.53 Lakh, Rs. (23.81) Lakh, and Rs. 70.62 Lakh respectively.
DU Digital Technologies IPO – Promoters
The Promoter of this company is:
- Mr. Rajinder Rai
List of Related Parties (Key Managerial Personnel)
- Rajinder Rai, Chairman & Managing Director
- Madhurima Rai, Whole-time Director
- Krishna Kumar, Whole-time Director
- Shivaz Rai, Non-Executive Director
- Gaurav Kumar, Independent Director
- Shalu, Independent Director
DU Digital IPO – Promoters Holding
- Pre Issue Share Holding – %
- Pos Issue Share Holding – %
DU Digital Technologies IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 6,90,000 Equity Shares aggregating up to Rs.[●] Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 38,000 Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to 6,52,000 Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 3,26,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 3,26,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 19,10,000 Equity Shares |
| Equity Shares outstanding after the Issue | 26,00,000 Equity Shares |
DU Digital Technologies IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To meet Working Capital requirements
2. To make an investment in their Subsidiary Company, Dudigital Global LLC
3. General Corporate Purpose
4. To meet issue expenses
DU Digital IPO – Business Strategy
- Increasing focus on direct partnering with Governments across the globe
- Expand their customer base
- They intend to enter into more arrangements with other companies outsourcing visa processing services in India and Southeast Asia
- Expanding the scope of services by entering into new geographies and creating awareness about immigration services
DU Digital IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- High Entry Barriers in Niche Industry
- Exclusive Service Agreements for visa processing services
- Ensuring Reliable, Efficient and Secure Services to their customers and service providers
- Qualified and Experienced management team and employee base
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 0.80 | 7.28 | 10.97 |
| 31-Mar-20 | (1.69) | (16.65) | 10.18 |
| Mar-19 | 5.01 | 42.23 | 11.87 |
DU Digital Technologies IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Crores) | |
| DU Digital Technologies Limited | 10 | [●] | 0.80 | 7.28 | 2.27 |
| Listed Peers | |||||
| BLS International Services Limited | 1 | 26.15 | 4.90 | 10.95 | 497.03 |
DU Digital Technologies IPO Lead Managers
| Lead Managers |
| HEM SECURITIES LIMITED 904, A Wing, Naman Midtown, Senapati Bapat Marg, Elphinstone Road, Lower Parel, Mumbai-400013, India Tel. No.: +91- 022- 49060000 Fax No.: +91- 022- 22625991 Website: www.hemsecurities.com Email: ib@hemsecurities.com Investor Grievance Email: redressal@hemsecurities.com Contact Person: Mr. Anil Bhargava SEBI Regn. No. INM000010981 |
DU Digital Technologies IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED Address:-1 st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East, Mumbai – 400059 Tel No.:+91-022-62638200 Fax No.: +91-022-62638299 Website:www.bigshareonline.com Email:ipo@bigshareonline.com Contact Person: Mr. Swapnil Kate SEBI Regn. No.: INR000001385 |
DU Digital Technologies IPO – Other Details
- Statutory Auditor – M/s. Mukesh Raj & Co
- Legal Counsel to the Company – NA
- Bankers to the Company – Yes Bank Limited
DU Digital Technologies IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
Subscribe to DU Digital Technologies IPO
DU Digital Technologies Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
DU Digital Technologies IPO Review FAQs
Ques – What is the Issue Size of DU Digital Technologies IPO?
Answer – The Company is making an initial public offer of 6,90,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
Ques – What is the Price band of DU Digital Technologies IPO?
Answer – The price band for this particular IPO ranges between Rs 65. As far as the face value of the share is of concern, it is Rs.10 per share.
Ques – What is the DU Digital Technologies IPO Open Date?
Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on Aug 12, 2021, while the closing date is set at Aug 17, 2021.
Ques – What is the DU Digital Technologies IPO Allotment Date?
Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Aug 20, 2021, refund initiation is on Aug 23, 2021, credit of shares is on Aug 24, 2021, and share listing date is on Aug 25, 2021.
Ques – What is the DU Digital Technologies IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges on Aug 25, 2021. The date, when the listing would be done, is stagnant on Aug 25, 2021.
Ques – Who is the Registrar of DU Digital Technologies IPO?
Answer – One of the reputed registrars is managing the issue of this IPO, i.e. Bigshare Services Private Limited. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of DU Digital Technologies IPO?
Answer – Here are the promoters of this IPO – Mr. Rajinder Rai. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is the GMP of DU Digital Technologies IPO?
Answer – They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is DU Digital Technologies IPO good for Investment?
Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of DU Digital Technologies Company?
Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Lakh is 10.53, 2020 is (23.81), 2019 is 70.62.
Calculate your return on investment!
Asset Class
ROI (Rs.)
Profit (Rs.)
Profit (%)
IPO
Equity
Savings
Real Estate
Gold
Bonds
Fixed Deposit
Mutual Fund
Featured Topics