DU Digital Technologies IPO will be Open Date is 12 August 2021 and closes on 16 August 2021. The company has fixed the price of this IPO at ₹65 according to the face value of ₹10. The company will raise ₹4.49 Crores through this IPO under the 6,90,000 Equity Shares public issue. And the offer is 100% Fixed Price Issue.
DU Digital Global has a worldwide presence and is specialized in administrative and non-judgmental tasks cognate to visa, passport, identity management, and other citizen services for its client governments. With over 27 centers in various countries, DU Digital Global has successfully processed over 1 million applications since its inception and planning to expand to over 100 centers countrywide within the next 2 years.
Our wholly-owned subsidiary, Dudigital Global LLC is incorporated on May 16, 2021, in Sharjah, UAE with an object to provide Immigration consultancy, Management consultancy activities, and Office administrative and support services. The promoters of our company look forward to expand our visa processing services in Dubai, through Dudigital Global LLC.
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Impact Of COVID-19
The current outbreak of the COVID-19 pandemic has adversely impacted the global economy. The World Health Organization declared the outbreak of COVID-19 as a public health emergency of international concern on January 30, 2020, and a pandemic on March 11, 2020. The Government of India announced a nationwide lockdown on March 24, 2020, and imposed several restrictions. In view of the nationwide lockdown announced by the Government of India to control the spread of COVID19, our business operations were temporarily disrupted/slowed down from March 24, 2020. Further, since the national borders across the globe were closed and traveling between different countries almost ceased, the visa processing activities slowed down to a large extent.
DU Digital Technologies IPO Review :
■ Apply Only Long Term Or Avoid
DU Digital Technologies IPO Date & Price Band & Details :
| Issue Offer : | Fixed Price Issue |
| IPO Open : | 12 August 2021 |
| IPO Close : | 16 August 2021 |
| IPO Size : | ₹4.49. Cr |
| Face Value : | ₹10 Rs. Equity Share |
| Price Band : | ₹65 Per Share |
| Listing On : | NSE, SME |
| Issue Size : | ₹4.49. Cr |
| Fresh Issue : | ₹. Cr |
| Offer For Sale : | ₹4.49. Cr |
DU Digital Technologies IPO Market Lot :
DU Digital Technologies IPO Minimum Market lot is 1 Lot with 2000 shares with ₹130,000 Application amount. The retail investors can apply up to 1 lot with 2000 Shares or ₹130,000 amounts.
| Minimum Lot Size : | 1 Lot |
| Minimum Share : | 2000 |
| Minimum Amount : | ₹130,000 |
| Minimum Lot Size : | 1 Lot |
| Maximum Shares : | 2000 |
| Maximum Amount : | ₹130,000 |
DU Digital Technologies IPO Shares Offer :
A total of 6,90,000 shares are to be bid for the public issue by DU Digital Technologies IPO with – for Fresh issue and 6,90,000 for offer for sale – Shares
| Category | Shares Offers | Amount |
|---|---|---|
| Fresh issue : | – | ₹ |
| Offer For Sale : | 6,90,000 | ₹4.49 Cr |
| Total : | 6,90,000 Eq Shares | ₹4.49 Cr |
DU Digital Technologies IPO Reservation :
DU Digital Technologies IPO Total Reservation of 6,90,000 shares are to be bid for the public issue by DU Digital Technologies IPO with – for QIB and 3,26,000 for NII 3,26,000 For RII & 38,000 Shares MMRP.
| Category | Reservation | Shares | Amount |
|---|---|---|---|
| QIB : | % | – | ₹ |
| NII : | 50% | 3,26,000 | ₹2.12 Cr |
| RII : | 50% | 3,26,000 | ₹2.12 Cr |
| MMRP : | – % | 38,000 | ₹24.70 Lakh |
| Total : | 100% | 6,90,000 | ₹4.49 Cr |
DU Digital Technologies IPO Dates :
DU Digital Technologies IPO Date is 12 August 2021 and closes on 16 August 2021. The allotment will be finalized on 23 August 2021 and the IPO may list on 26 August 2021.
| Issue Open Date : | 12 August 2021 |
| Issue Close Date : | 16 August 2021 |
| Allotment Date : | 23 August 2021 |
| Refund Date : | 24 August 2021 |
| Share Credit Date : | 25 August 2021 |
| Listing Date : | 26 August 2021 |
DU Digital Technologies IPO Form :
There are two ways to apply in DU Digital Technologies IPO. You can apply for DU Digital Technologies IPO through ASBA available in your bank account. You have to go to your online bank login and select DU Digital Technologies IPO in the Invest section and apply through your bank account. Another option is you can apply for DU Digital Technologies IPO through IPO form download through NSE and BSE. See the DU Digital Technologies IPO Form – Download the NSE Form and BSE Form IPO Form, fill it, and submit it to your bank or your broker.
DU Digital Technologies Company Financial Report (Lakh) :
| Year | Revenue | Expense | PAT |
| 2021 | ₹226.78 | ₹199.89 | ₹11.30 |
| 2020 | ₹3,206.44 | ₹3,232.81 | ₹23.95 |
| 2019 | ₹3,747.93 | ₹3,650.63 | ₹70.62 |
About DU Digital Technologies Company
Our 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. We manage the human interface between the visa applicant and the technical visa processing unit of the embassy of the country for which we 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, we 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 our Company and its subsidiaries.
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Our 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, our 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. In terms of the agreement, DU Digital raises invoices to its customers for the visa fees collected and the services provided.
The same has therefore been outsourced through multiple subcontracts to our 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 Our Company, VF Worldwide Holdings Limited (VF worldwide), a company incorporated in the UAE and GVCW Operations Limited.
Our 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. We also provide visa processing services for Malaysian Visa in India.
Our wholly-owned subsidiary, Window Malay Visa Private Limited (Window Malay), is the exclusive sale representative of Blue Island for the territory of India to promote and facilitates the online applications of Malaysian Visa. It has entered into an exclusive agreement dated January 06, 2020, valid up to January 05, 2023, with Blue Island for providing technical and support services for processing of visa applications of Malaysia through the online portal of Window Malaysia Sdn Bhd. There are two types of online visa applications in Malaysia; viz: eVISA and eNTRI.
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The eVisa Malaysia is a single entry visa and valid for 30 days to enter Malaysia from the moment of approval and eNTRI is a dedicated online platform for Visa exemption programs subject to citizens of two countries China and India. Window Malay makes applying for an online visa simple by assisting in the whole process, where a photo and passport page is uploaded online, clients are required to pay visa fees online and thereafter Electronic Travel Authorization (ETA) is received online.
In terms of the said agreement, along with the full technical assistance and expertise provided by Blue Island it shall provide a complaint redressal mechanism to Window Malay to address any complaints or issues raised by any customers brought in by Window Malay. For the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, our total consolidated revenue stood at Rs. 217.85 Lakhs, Rs. 3150.64 Lakhs, and Rs. 3674.14 Lakhs respectively. Further, our PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs 11.30 Lakhs, Rs (23.95) Lakhs, and Rs 70.87 Lakhs respectively.
Company Strength
High Entry Barriers in Niche Industry
The visa outsourcing industry is very large with only a few service providers globally engaged in the business of managing visa applications. Only half of the total visa market is currently outsourced since this industry is less than two decades old. The niche nature of this industry and high entry barriers with very few key players in the market translates into a huge opportunity for our Company. The high entry barrier in the industry like strict technical, financial qualifications and experience needed to procure the service contracts makes it difficult for other players to garner new service contracts.
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Exclusive Service Agreements for visa processing services.
Our Company has been outsourced the sub-contract of providing human interface along with technical and back-end support services for processing of Greece and Malaysian Visa in and for India. The terms and conditions of the agreements, in partnership with VFS Global Services Private Limited, give us the right to process all of Greece and Malaysian Visa from India exclusively for the said countries.
Providing efficient and secure services to our customers and service providers
DU Digital aims at collecting, according to the demands of the Diplomatic Mission, applicants’ biometric data in the most secure electronic way and securely transmits them to the Consulate of jurisdiction, thus ensuring total protection of applicants’ confidential information and personal data. All our activities help in simplifying and expediting the procedures for issuance of visas in a systematic and efficient manner thus maintaining data confidentiality and security.
Qualified and Experienced management team and employee base
Our Managing Director holds experience of around 40 years in the travel and tourism industry. We have a qualified and professional employee base of around 29 employees as of March 31, 2021, looking after our business operations, either on the marketing front, technical know-how, back end processing, liaisoning, legal, security, and other avenues. We believe human capital is one of the most valuable assets of our Company as their technical know-how and skillsets position provides us a competitive advantage.
Company Promoters :
■ Mr. Rajinder Rai
DU Digital Technologies Board of Directors
| Name | Designation |
| Mr. Rajinder Rai | Chairman & Managing Director |
| Mrs. Madhurima Rai | Whole Time Director |
| Mr. Krishna Kumar | Whole-time Director |
| Mr. Shivaz Rai | Non-Executive Director |
| Mr. Gaurav Kumar | Independent Director |
| Ms. Shalu | Independent Director |
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
DU Digital Technologies IPO Lead Managers :
■ Hem Securities Limited
DU Digital Technologies IPO Registrar :
Bigshare Services Private Limited
Address: 1st Floor, Bharat Tin Works Building
Opp. Vasant Oasis, Makwana Road
Marol, Andheri (East), Mumbai 400059, India.
Telephone: +91 22 6263 8200
Facsimile: +91 22 6263 8280
Email: [email protected]
Contact Person: Mr. Swapnil Kate
Website: www.bigshareonline.com
Note: Check DU Digital Technologies IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
DU Digital Technologies Limited
C-4 SDA Community Centre Hauz Khas,
New Delhi, 110016, Delhi, India
Tel. No. 011-40450533
E-mail: [email protected]
Website: dudigitalglobal.com
DU Digital Technologies IPO FAQs :
What is DU Digital Technologies IPO?
DU Digital Technologies IPO is NSE, SME IPO. They are going to raise ₹4.49. Crores via IPO. The issue is priced at ₹65 per equity share. The IPO is to be listed on NSE, SME.
When DU Digital Technologies IPO will open?
The IPO is to open on 12 August 2021 and closes on 16 August 2021 for QIB, NII & RII.
What is DU Digital Technologies IPO Size?
DU Digital Technologies IPO size is ₹4.49 Crores.
What is the Fresh issue size of DU Digital Technologies IPO?
The Fresh issue size of DU Digital Technologies IPO ₹ Cr.
What is the Offer For Sale size of DU Digital Technologies IPO?
The Offer For Sale size of DU Digital Technologies IPO ₹4.49 Cr.
What is DU Digital Technologies IPO Price Band?
DU Digital Technologies IPO Price Band is ₹21 Per share.
What is DU Digital Technologies IPO Minimum and Maximum Lot Size?
The minimum bid is 2000 Shares with ₹130,000 amount while the maximum bid is 2000 shares with ₹130,000.
What is DU Digital Technologies IPO Investors Portion?
The investors’ portion for QIB 0%, NII 50%, RII 50%.
What is DU Digital Technologies IPO Allotment Date?
DU Digital Technologies IPO allotment date is 23 August 2021.
What is DU Digital Technologies IPO Listing Date?
DU Digital Technologies IPO listing date is 26 August 2021. The IPO to list on BSE, SME.
How to Apply the DU Digital Technologies IPO through Zerodha?
“NSE SME IPO is Not Apply in Zerodha”.Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “DU Digital Technologies IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the DU Digital Technologies IPO through Upstox?
“NSE SME IPO is Not Apply in Upstox”.Log in to Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “DU Digital Technologies IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the DU Digital Technologies IPO through Groww?
“NSE SME IPO is Not Apply in Groww”.Log in to Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “DU Digital Technologies IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the DU Digital Technologies IPO through Paytm Money?
“NSE SME IPO is Not Apply in Paytm Money”.Log in to the Paytm Money Website or app. Now you can see Invest is IPOs Section and Click on IPO. You will see the IPO Name “DU Digital Technologies IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
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All DU Digital Technologies IPO-related links are available here. If you want to know the details then click on Click Here Link.
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