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.
| Bidding Dates |
|---|
| 12 Aug 2021 - 17 Aug 2021 |
| Subscription |
|---|
| 22.99x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,30,000 | 1 | 1 | 2000 | 690.0 K | ₹65 | 73.46 % | ₹44.9 M | RHP DOC |
DU Digital Global IPO SUBSCRIPTION STATUS
17 Aug '21DU Digital Global IPO overall subscription rate was 22.99 times the total available shares
DU Digital Global IPO retail subscription rate was 39.28 times in the retail segment
DU Digital Global IPO non-institutional investor subscription rate was 6.71 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
13 Aug 2021 (Day 2) | 22.04x | 1.23x | - |
16 Aug 2021 (Day 3) | 28.44x | 1.42x | - |
17 Aug 2021 (Day 4) | 39.28x | 6.71x | - |
12 Aug 2021 (Day 1) | 13.63x | 0.24x | - |
DU Digital Global FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| FY21 | 1.1 | 21.8 | -26.9 | -28.5 |
| FY20 | -2.4 | 315.1 | -41.3 | -43.2 |
| FY19 | 7.1 | 367.4 | 37.8 | 31.5 |
DU Digital Global IPO SUBSCRIPTION STATUS DETAILS
DU Digital Global had 690.0 K shares on offer
DU Digital Global IPO offer price was ₹65
DU Digital Global IPO minimum Investment was ₹130000
DU Digital Global IPO issue size was ₹ 44.9 M
DU Digital Global had a minimum lot size of 2000 Shares per application
DU Digital Global NUMBER OF SHARES ON OFFER
DU Digital Global IPO IMPORTANT DATES
| Issue Open Date | 12 Aug 2021 |
| Issue close Date | 17 Aug 2021 |
| Allotment Date | 23 Aug 2021 |
| Refund Date | 24 Aug 2021 |
| Demat Account Credit Date | 25 Aug 2021 |
| Listing Date | 26 Aug 2021 |
| Listing on Exchange(s) | NSE |
| DU Digital Global Allotment Status | Exchange |
DU Digital Global IPO subscription opened on 12 Aug 2021, and closed on 17 Aug 2021
IPO allotment for DU Digital Global was finalized on Monday, 23 Aug 2021
IPO listing for DU Digital Global was on NSE on Thursday, 26 Aug 2021
DU Digital Global IPO LISTING GAINS
| Issue Price (adjusted) | 3.3 |
| Listing Open Price | 60.0 |
| Listing Close Price | 63.0 |
| Listing Gain% | -7.7% |
| Current Gain% | 713.9% |
DU Digital Global Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DU Digital Global Ltd. | 26.4 | 6.9 | 55.4 | -0.6 | 0.1 | 4 | 3.4 | 53.9 | 75.1 | 3.4 | 248.4 | 0.5 | -87.4 |
| Indian Railway Catering & Tourism Corporation Ltd. | 520 | 41596 | 29.9 | 5 | 8 | 32.3 | 18.4 | 5475.2 | 11.7 | 1393.5 | 6 | 17.4 | 6 |
| TBO Tek Ltd. | 1610.9 | 17492.4 | 66.1 | 4.7 | 5.7 | 15.8 | 2.6 | 2728.7 | 51.7 | 244.3 | 6.3 | 24.4 | 14.1 |
| BLS International Services Ltd. | 254.3 | 10471.8 | 14.8 | 0.6 | 3.3 | 27.9 | 18.2 | 3093.4 | 36 | 686.7 | 35.1 | 17.1 | 24.9 |
| LE Travenues Technology Ltd. | 176.2 | 7773.4 | 90.9 | 2.8 | 6.1 | 3.5 | 2.8 | 1275.3 | 36.8 | 72.1 | 19.9 | 1.9 | 32.8 |
| Thomas Cook (India) Ltd. | 104.1 | 4898.6 | 22.4 | -1.7 | 0.6 | 8.6 | 2.8 | 8557.8 | 3.3 | 218.8 | -14 | 4.6 | -12.9 |
DU Digital Global INFORMATION ON IPO ISSUE
About DU Digital Global
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.
Object of the Issue
1.Meet working capital requirements.
2.Investment in a subsidiary company, Dudigital Global LLC.
3.To meet general corporate purposes.
4.To meet issue expenses.
DU Digital Global - PROMOTERS
| Name |
|---|
| Rajinder Rai |
DU Digital Global Lead Manager to The Issue
Hem Securities Limited
ib@hemsecurities.com
DU Digital Global Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
DU Digital Global Strengths
High Entry Barriers in Niche Industry
"The visa outsourcing industry is very large with only few service providers globally engaged in the business of managing the visa applications"
Exclusive Service Agreements for visa processing services.
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
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
DU Digital Global Risks
Dependent on service level agreements or sub-contracts
The company is dependent on service level agreements or sub-contracts from third party service providers.
Exposed to risks
The company may be exposed to risks relating to verification, processing, storage, use and disclosure of customer data
IPO FAQs
Dudigital Global Ltd. IPO listing opened at Rs 60.00 while the issue price was Rs 65.00 giving -7.69% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 3.25 giving 713.85% gains since its IPO listing.
The promoter of the company is Rajinder Rai.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 65.0 - 65.0.
The IPO application opens on Aug 12, 2021 and closes on Aug 17, 2021.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 130,000.0, the maximum value for this IPO is Rs 130,000.0.
This IPO will be allotted on Aug 23, 2021.
The refund will be credited to your account on Aug 24, 2021.
The allotted shares will be credited to your demat on Aug 25, 2021.
Dudigital Global Ltd.’s shares listed on the stock exchanges on Aug 26, 2021.