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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
Cash Price Rs 65
Listing AtNSE Emerge
Min. Order Quantity2000 Shares
Listing DateAug 25, 2021
Offer for SaleRs Lakh
Fresh IssueRs Lakh
IPO SizeRs 448.50 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 Aug 12, 2021, and Aug 17, 2021, respectively.


DU Digital Technologies IPO Subscription

Day / DateNIIRIITotal Subscription
1st Day – 12 August0.24x13.63x6.94x
2nd Day –  13 August1.23x22.04x11.63x
3rd Day – 16 August1.42x28.44x14.93x
4th Day – 17 August6.71x39.28x22.99x
Shares Offered or Net Issue326,000326,000652,000

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 FinalizationAug 20, 2021
Refunds InitiationAug 23, 2021
The credit of Shares to Demat AccountAug 24, 2021
Share Listing DateAug 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


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    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

     


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      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.


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