DU Digital Technologies Limited IPO IPO Detail
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.
Company Promoters
Mr. Rajinder RaiIPO 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 | ₹4.49 Cr |
| Fresh Issue | - |
| Offer for Sale | - |
| Retail Portion | - |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.24x | 13.44x | 6.84x |
IPO Tentative Timetable
The DU Digital Technologies Limited IPO IPO open date is Aug 12, 2021, and the close date is Aug 17, 2021. The issue may list on Aug 26, 2021.
| IPO Open Date | Aug 12, 2021 |
| IPO Close Date | Aug 17, 2021 |
| Basis of Allotment Date | Aug 23, 2021 |
| Initiation of Refunds | Aug 24, 2021 |
| Credit of Shares to Demat Account | Aug 25, 2021 |
| IPO Listing Date | Aug 26, 2021 |
IPO Lot Size
The DU Digital Technologies Limited IPO IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹130000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹130000 |
| Maximum | 1 | 2000 | ₹130000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Crs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 3.91 | 2.27 | 0.10 |
| 31-Mar-20 | 7.72 | 32.06 | 0.24 |
| 31-Mar-19 | 12.02 | 37.48 | 0.70 |
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.
