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DU Digital Technologies IPO is a fixed price issue of Rs 4.49 crores.
DU Digital Technologies IPO bidding started from August 12, 2021 and ended on August 17, 2021. The allotment for DU Digital Technologies IPO was finalized on Monday, August 23, 2021. The shares got listed on NSE SME on August 26, 2021.
DU Digital Technologies IPO price is ₹65 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹130,000.
Hem Securities Limited is the book running lead manager of the DU Digital Technologies IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to DU Digital Technologies IPO RHP for detailed information.
| IPO Date | August 12, 2021 to August 17, 2021 |
| Listing Date | August 26, 2021 |
| Face Value | ₹10 per share |
| Price | ₹65 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 690,000 shares (aggregating up to ₹4.49 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 38,000 shares |
DU Digital Technologies IPO offers 690,000 shares. 326,000 (47.25%) to NII, 326,000 (47.25%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 38,000 (5.51%) |
| Other Shares Offered | 326,000 (47.25%) |
| Retail Shares Offered | 326,000 (47.25%) |
| Total Shares Offered | 690,000 (100%) |
DU Digital Technologies IPO opens on August 12, 2021, and closes on August 17, 2021.
| IPO Open Date | Thursday, August 12, 2021 |
| IPO Close Date | Tuesday, August 17, 2021 |
| Basis of Allotment | Monday, August 23, 2021 |
| Initiation of Refunds | Tuesday, August 24, 2021 |
| Credit of Shares to Demat | Wednesday, August 25, 2021 |
| Listing Date | Thursday, August 26, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 17, 2021 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹130,000 |
| Retail (Max) | 1 | 2000 | ₹130,000 |
| Lot Size Calculator | |||
Mr. Rajinder Rai is the promoter of the company.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 73.46% |
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
| 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 | ||
[Dilip Davda] 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...
The DU Digital Technologies IPO is subscribed 22.99 times on August 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)
| Category | Subscription (times) |
|---|---|
| Other | 6.71 |
| Retail | 39.28 |
| Total | 22.99 |
| Listing Date | August 26, 2021 |
| BSE Script Code | |
| NSE Symbol | DUDIGITAL |
| ISIN | INE0HPK01012 |
| Final Issue Price | ₹65 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹65.00 |
| ₹60.00 |
| ₹57.00 |
| ₹63.00 |
| ₹63.00 |
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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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 August 12, 2021, and closes on August 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
Visit Zerodha IPO Application Process Review for more detail.
The DU Digital Technologies IPO opens on August 12, 2021 and closes on August 17, 2021.
DU Digital Technologies IPO lot size is 2000 Shares, and the minimum amount required is ₹130,000.
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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for DU Digital Technologies IPO will be done on Monday, August 23, 2021, and the allotted shares will be credited to your demat account by Wednesday, August 25, 2021. Check the DU Digital Technologies IPO allotment status.
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