Let’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 ValueRs 10
Price BandRs [●]
Listing AtNSE Emerge
Min. Order QuantityNA
Listing DateNA
Offer for SaleRs Lakh
Fresh IssueRs Lakh
IPO SizeRs Lakh
Tick Size1

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

DU Digital Technologies IPOTheir 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 not available yet.


DU Digital Technologies IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – 
2nd Day –  
3rd Day – 
Shares Offered or Net Issue

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
Refunds Initiation
The credit of Shares to Demat Account
Share Listing Date

DU Digital Technologies IPO Price Band / Cash Price

The face value of each share is Rs.10, but the price band of the IPO is Rs.[●] 


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.[●]  per equity share aggregating to Rs.[●] 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.[●] Lakh


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-2131-Mar-20Mar-19
Total Assets391.41772.231202.79
*Total Revenue226.783,206.443,747.93
Total Expense199.893,232.813,650.63
Profit After Tax10.53(23.81)70.62

Earnings per Equity Share (in Lakh)

31-Mar-2131-Mar-20Mar-19
Basic & Diluted0.80(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:

  1. 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 MakersUp to 38,000 Equity Shares aggregating up to Rs.[●] Lakh
Net Issue to the PublicUp 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 InvestorsNot more than 3,26,000 Equity Shares
 Equity Shares outstanding prior to the Issue19,10,000 Equity Shares
 Equity Shares outstanding after the Issue26,00,000 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 EPSRONW (%)NAV (Rs.)
31-Mar-210.807.2810.97
31-Mar-20(1.69)(16.65)10.18
Mar-195.0142.2311.87

DU Digital Technologies IPO: Competitive Peers

Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in Crores)
DU Digital Technologies Limited10[●]0.807.282.27
Listed Peers
BLS International Services Limited126.154.9010.95497.03

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 ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking7.5/107.4/108.5/108.1/107.1/10
Sharekhan7.2/107.1/108.6/108.1/107.2/10
Kotak Securities7.3/107.5/108.4/108.1/107.3/10
ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

 


Subscribe to DU Digital Technologies IPO

    Fill the Details Below


    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 NA. 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 NA, while the closing date is set at NA.

    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 NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.

    Ques – What is the DU Digital Technologies IPO Listing Date?

    Answer – Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.

    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 ClassROI (Rs.)Profit (Rs.)Profit (%)
    IPO
    Equity
    Savings
    Real Estate
    Gold
    Bonds
    Fixed Deposit
    Mutual Fund


    Featured Topics

     

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    24 + 9 =

    Get 100% IPO Allotment Guarantee! Subscribe to IPO