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DU Digital Technologies Limited IPO (DU Digital Technologies IPO) Detail

Aug 12, 2021 - Aug 17, 2021

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.

Competitive strengths

  • High entry barriers in the industry.
  • Qualified and experienced managerial team.
  • Exclusive service agreements for visa processing services.

Company Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Lakh)
31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 391.41 772.23 1202.79
Total Revenue 226.78 3,206.44 3,747.93
Profit After Tax 10.53 (23.81) 70.62

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.

DU Digital Technologies IPO Details

DU Digital Technologies IPO Date Aug 12, 2021 to Aug 17, 2021
DU Digital Technologies IPO Face Value ₹10 per share
DU Digital Technologies IPO Price ₹65 per share
DU Digital Technologies IPO Lot Size 2000 Shares
Issue Size690,000 shares of ₹10
(aggregating up to ₹4.49 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Company Promoters

Mr. Rajinder Rai is the promoter of the company.

DU Digital Technologies IPO Timeline (Tentative Timetable)

DU Digital Technologies IPO opens on Aug 12, 2021, and closes on Aug 17, 2021. The DU Digital Technologies IPO bid date is from Aug 12, 2021 10.00 A.M. to Aug 17, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
DU Digital Technologies IPO Opening Date Aug 12, 2021
DU Digital Technologies IPO Closing Date Aug 17, 2021
Basis of Allotment Aug 23, 2021
Initiation of Refunds Aug 24, 2021
Credit of Shares to Demat Aug 25, 2021
DU Digital Technologies IPO Listing Date Aug 26, 2021

DU Digital Technologies IPO Lot Size

The DU Digital Technologies IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹130,000).

Application Lots Shares Amount
Retail (Min) 1 2000 ₹130,000
Retail (Max) 1 2000 ₹130,000

DU Digital Technologies IPO Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding 73.46%

DU Digital Technologies IPO Review

While the company has suffered severe setbacks for FY21 after marking declining trends in the top and bottom lines for the previous two years, it is pricing its IPO exorbitantly above 154 P/E. Post-IPO its equity will be just around 2.60 cr. indicating a pretty long time for migration to the mainboard. There is no harm in giving this issue a 'MISS' Read detail review...


DU Digital Technologies IPO Subscription Status (Bidding Detail)

The DU Digital Technologies IPO is subscribed 22.99 times on Aug 17, 2021 5:30:00 PM. The public issue subscribed 39.28 times in the retail category, times in the QIB category, and 6.71 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII6.71
Retail39.28
Total22.99

DU Digital Technologies IPO Prospectus

DU Digital Technologies IPO Rating

119
3.4
Rating:Rated 3.4 stars
Vote Here ...

DU Digital Technologies IPO Listing Date

Listing Date Thursday, August 26, 2021
BSE Script Code
NSE Symbol DUDIGITAL
Listing In
ISIN INE0HPK01012
IPO Price ₹65 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
IPO Price: ₹65.00
Open: ₹60.00
Low: ₹57.00
High: ₹63.00
Last Trade: ₹63.00

Company Contact Information

DU Digital Technologies Limited
C-4 SDA Community Centre Hauz Khas,
, New Delhi, 110016, Delhi, India

Phone: 011-40450533
Email: cs@dudigitalglobal.com
Website: http://www.dudigitalglobal.com/

DU Digital Technologies IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

DU Digital Technologies IPO Review

DU Digital Technologies IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 0

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DU Digital Technologies IPO FAQs

DU Digital Technologies IPO is a SME IPO of 690,000 equity shares of the face value of ₹10 aggregating up to ₹4.49 Crores. The issue is priced at ₹65 per share. The minimum order quantity is 2000 Shares.

The IPO opens on Aug 12, 2021, and closes on Aug 17, 2021.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in DU Digital Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in DU Digital Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in DU Digital Technologies IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'DU Digital Technologies IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The DU Digital Technologies IPO opens on Aug 12, 2021 and closes on Aug 17, 2021.

DU Digital Technologies IPO lot size is 2000 Shares and the minimum order quantity is .

You can apply in DU Digital Technologies IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for DU Digital Technologies IPO will be done on Aug 23, 2021, and the allotted shares will be credited to your demat account by Aug 25, 2021. Check the DU Digital Technologies IPO allotment status.

The DU Digital Technologies IPO listing date is on Thursday, August 26, 2021.
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DU Digital Technologies IPO Message Board

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42 Comments

17. Dinesh Singh |   Link |Aug 26, 2021 10:07:08 AM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
Listing at discount @ 61.
Always avoid SME IPO.
17.1. AvinashMB |   Link |Sep 1, 2021 10:27:46 AM
LOL it is hitting upper freeze from two days. 20k profit . Whichever Dilip says no , apply for it !
16. IPOANALYSIS |   Link |Aug 24, 2021 12:36:00 PM
There is declining topline and bottomeline . It''s a clear sell on listing day.
16.6. IPOANALYSIS |   Link |Aug 27, 2021 12:10:07 AM
I was never expecting 10-20 pc down .it has good subscription even then I was expecting flat listing
For your thinking u r saying that since it was better than ur expectation therefore it should br called a good listing . Do u know meaning of good listing ?
16.7. MintIndian |   Link |Aug 27, 2021 7:36:30 AM
@IPOanalysis. Not just my gut feeling, factoring every thing. This was never bound to be EKI, it was just an IPO of travel agent who has reaches in foreign embassies, That''s all. LM has good track record and thats also visible here.
15. SONAMsumit |   Link |Aug 27, 2021 6:36:09 AM
buy eki share ...eki energy
14. RAJAKUMAR |   Link |Aug 24, 2021 3:32:03 PM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Dear Small
I applied 5 lot hni application.
Allotment NIL
Listing will be good.
14.1. Jaipur investor of IPOs |   Link |Aug 25, 2021 2:00:26 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Dear Rajakumar
i agree with you that Listing may be good, its Possible
13. traderji |   Link |Aug 24, 2021 11:00:35 AM
I have apply 7 lots in NII category and haven''t got allotment any single lot.
How it is possible. It is subscribe 6.71 times in NII category.
Expert please advice....
13.3. traderji |   Link |Aug 24, 2021 1:52:24 PM
Any technical reason why it is not alloted
13.4. TSG |   Link |Sep 7, 2021 4:14:42 PM
@traderji though NII subscription is 6.71 it is given as 11.98 in BOA may b that is why u didn''t get allotment, since u applied 7 times it became lottery.
12. IPOANALYSIS |   Link |Aug 24, 2021 10:52:03 AM
Anyone alloted sell on listing . The company has been on continuous decline. Their sales and profits have become 1/10 . Last year were in loss as well. The business is related to visa application which has gone to all time low.
11. RAJAKUMAR |   Link |Aug 15, 2021 9:49:13 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Dear Small,
I am going to apply Hni category
Are you applying
Fii placed 2.5 lakh worth of bids,
It looks it is another NPST
Your view
11.6. SUNITA GOEL |   Link |Aug 17, 2021 4:42:57 PM
What is the cut off time for HNI bidding on HDFC bank netbanking?
11.7. Ravi Makkar |   Link |Aug 18, 2021 2:25:20 PM
Dear all I am from Travel Industries this IPO seems good but this IPO coming on an avg. 157 PE so asking 3 to 4 Year future amt. Therefore I avoid but sure Price will come down then I will buy for future, But in last all recent I never found anyone is on good to be in your portfolio. plz, share your View.
10. DownriteVJ |   Link |Aug 17, 2021 1:26:29 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
Okay. Thanks

@rajakumar - what about you?
9. Small Investor |   Link |Aug 17, 2021 1:23:43 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Dear Rajakumar,Down and Others Members

listing may be 1-2 rs above or at par, If Operators handle this stock then it may be another EKI,Surthwala,Earum

i skip already due to funds issue
9.1. Small Investor |   Link |Sep 3, 2021 9:45:06 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Game on lie ksolves, eki
8. DownriteVJ |   Link |Aug 12, 2021 4:29:12 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
What are this retail guys who have applied seeing? Am i missing something?
8.2. DownriteVJ |   Link |Aug 17, 2021 11:25:58 AM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
@RAJAKUMAR, SMALL

Are you applying? I dont understand whats the craze about?
8.3. Small Investor |   Link |Aug 17, 2021 1:15:57 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
@ down
i skip already
7. RAJAKUMAR |   Link |Aug 15, 2021 9:54:20 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Dear Small
LM Hem
Last issue handled is EKI Energy.
Eki is now trading 1490 against issue price of 102. Is clearly known some operators is involved.(Three months 102 to 1500)
Unbeleivable in sme industry.
The same LM is here
7.1. Scrip |   Link |Aug 16, 2021 9:21:58 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
EKI is purely a different business altogether.
They even have QIB quota.
This is a visa processing company.
With COVID restrictions all over the world and case in US, China hinting for a 3rd wave, it is purely a avoid.
6. BLR |   Link |Aug 16, 2021 6:48:53 PM
Now retailers also HNI now . Difficult to analyse the subscription figures for NII catagory .
5. Er.Kalpesh |   Link |Aug 16, 2021 12:33:49 PM
why qib is there? QIB can apply SME or not? m new in SME ipo so not sure
4. RAJAKUMAR |   Link |Aug 15, 2021 9:50:05 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Dear Small
Rex and NPST both applied and got refund both.
Nil allotment.
3. IPO Electrifying |   Link |Aug 12, 2021 9:38:50 PM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
Valuation is too high.
2. John Deo |   Link |Aug 12, 2021 10:39:12 AM
Top Contributor Top Contributor (200+ Posts)
Great!!! Fully subscribed before an hour. WoW.
1. traderyn |   Link |Aug 9, 2021 8:37:35 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
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