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Dudigital Global Limited Rights Issue (Dudigital Global Rights Issue) Detail

September 29, 2023 - October 16, 2023
Dudigital Global Limited Logo

Incorporated in 2007, Dudigital Global Limited, previously known as Diva Envitec Filtration Technologies Pvt Ltd,

The company has four business verticals:

  1. Visa Services: The company manages administrative and non-judgmental tasks related to visas and passports for clients. All the visa processing services provided by the company and its subsidiaries have been outsourced through multiple contracts and/or subcontract agreements amongst various parties/governments.
  2. Residency/Citizenship acquisition services: Under this vertical, the company helps clients procure residency/citizenship by taking advantage of policies relating to investment, residency programs, legal services, etc. varying from country to country.
  3. Business Setup Approval Services in Special Zones: Dudigital enters into customized agreements with Special Economic Zones of the client country, pursuant to which it is given specific rights to provide advisory services to proposed businesses, desiring to establish in such Special Zones of the client country, regarding required legal approvals, company formation, account opening, procurement of licenses, etc. Further, it also assists in the promotion of such Special Zones and spreading awareness of the same.
  4. DuVerify: DuVerify is an automated identity & digital document verification system that enables Governments to optimize their eVISA system by enhancing the efficiency, security, and accuracy of their visa processes.

Dudigital Global Rights Issue Detail

Issue Open September 29, 2023 - October 16, 2023
Security Name Dudigital Global Limited
Issue Size (Shares) 11,622,080
Issue Size (Amount) ₹30.80 Crores
Issue Price ₹26.5 per share
Face Value ₹2 per share
Listing At NSE
Terms of Payment

The entire amount of the Issue Price of ₹ 26.50/-(including premium of ₹ 24.50 per Rights Equity Share) per Rights Equity Share shall be payable at the time of Application.

Entitlement 1 Rights Equity Share(s) for every 5 fully paid-up Equity Shares held on Record Date

Dudigital Global Rights Issue Issue Timetable

Last Date to buy sharesSeptember 21, 2023
Record Date September 22, 2023
Credit of Rights Entitlements
Bid/Offer Opens On September 29, 2023
Renunciation of Rights Entitlements October 10, 2023
Bid/Offer Closes On October 16, 2023
Deemed Date of Allotment October 21, 2023
Credit Date October 24, 2023
Listing Date October 30, 2023

Company Financials

Dudigital Global Rights Issue Financial Information (Restated Consolidated)
Period Ended31 Mar 202231 Mar 2023
Assets15.0231.16
Revenue9.8138.20
Profit After Tax0.130.67
Net Worth
Reserves and Surplus
Total Borrowing
Amount in ₹ Crore

Objects of the Issue:

The proceeds from the issue will be used for the following objects:
  1. Augmenting its capital base to provide for the fund requirements for increasing Net Worth to be more than Rs. 50 Crore and expenditure towards scaling up of business.
  2. To meet the Working Capital Requirements of the Company.
  3. General Corporate Purposes.

Dudigital Global Rights Issue Subscription Status

Dudigital Global Rights Issue got oversubscribed by 1.52 times by the end of the bidding period with total bid quantity received by NSE of 17,673,500 shares.

Dudigital Global Rights Issue Documents

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Company Contact Information

Dudigital Global Limited
C-4 SDA Community Centre
Hauz Khas,
New Delhi – 110016

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

Dudigital Global Rights Issue Registrar

  1. Bigshare Services Pvt Ltd
    Phone: +91-22-6263 8200
    Email: rightsissue@bigshareonline.com
    Website: https://ipo.bigshareonline.com/ipo_status.html

Dudigital Global Rights Issue Lead Manager(s)

Dudigital Global Rights Issue FAQs

The Dudigital Global Rights Issue opens on September 29, 2023, and closes on October 16, 2023.

Dudigital Global Rights Issue Schedule

Last Date for credit of Rights Entitlements
Last Date for renunciation of Rights EntitlementsOctober 10, 2023
Issue Opening DateSeptember 29, 2023
Issue Closing DateOctober 16, 2023
Date of Allotment (on or about)October 21, 2023
Date of Credit (on or about)October 24, 2023
Date of Listing (on or about)October 30, 2023

Dudigital Global Rights Issue price is set at ₹26.5 per share per equity share.

The eligible shareholders are being offered 1 Rights Equity Share(s) for every 5 fully paid-up Equity Shares held on Record Date (September 22, 2023).

The record date for the Dudigital Global Rights Issue is September 22, 2023.

The issue size of Dudigital Global Rights Issue is of 11,622,080 equity shares at ₹26.5 per share aggregating upto ₹30.80 Crores.

The Letter of Offer for Dudigital Global Rights Issue can be download here.

You can apply for Dudigital Global Rights Issue in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Dudigital Global Rights Issue using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Dudigital Global Rights Issue available on the list.
  4. Click the Apply button next to the Dudigital Global Rights Issue.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for Dudigital Global Rights Issue using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Dudigital Global Rights Issue from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

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