DU DigitalTech IPO is all set to make its debut on 12th Aug 21 with 4.49 Cr is engaged in the business of providing visa processing services to embassies of different countries.
DU DigitalTech IPO – overview
| IPO Dates | 12-17 Aug 2021 |
| IPO Price | INR 65 per share |
| Fresh issue | 690,000 shares (INR 4.49 crore) |
| Offer For Sale | Nil |
| Total IPO size | 690,000 shares (INR 4.49 crore) |
| Minimum bid (lot size) | 2000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE Emerge |
DU DigitalTech IPO – Tentative Dates
| IPO Offer Opening Date | 12 Aug 2021 |
| IPO Closing Date | 17 Aug 2021 |
| Finalization of Basis of Allotment | 23 Aug 2021 |
| Initiation of refunds | 24 Aug 2021 |
| Transfer of shares to demat accounts | 25 Aug 2021 |
| IPO Listing Date | 26 Aug 2021 |
| Opening Price on BSE SME | Coming soon |
| Closing Price on BSE SME | Coming soon |
Company Overview
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.
Industry Overview
Visa policies are among the most important governmental policies influencing international Travel & Tourism. Indeed, visa facilitation is essential for destinations to reach their Travel & Tourism potential and is related to growing demand and the associated economic and social benefits. While the benefits and significance of smart visa policies have been acknowledged, the ultimate decision as it relates to the entry of a foreign national into a sovereign territory rest with the state.
In effect, states have the authority to determine access for foreign nationals, notably by means of visa policies; freely, unilaterally or in collaboration with other states. Visas serve important functions, specifically, security, immigration control, revenue generation & reciprocity and the safeguarding of a destination’s capacity. While the key functions of visas should not be diluted, facilitative policies that retain the necessary functions of visas, while further enabling travel, can and should be implemented.
WTTC’s and UNWTO’s research on the impact of visa facilitation policy impacts for G20 countries in 2012 revealed that visa facilitation has historically increased international tourist arrivals’ growth for affected markets in the range of 5-25% per annum for the years following the implementation of policy changes. More recent analysis, undertaken in 2018, shows that the actual gain in travel demand following a policy change is dependent on the type of policy change as well as destination attributes, including destination attractiveness.
Competitive Strengths:
- High entry barriers in the industry.
- Qualified and experienced managerial team.
- Exclusive service agreements for visa processing services.
Objectives of the issue
- Meet working capital requirements.
- Investment in a subsidiary company, Dudigital Global LLC.
- To meet general corporate purposes.
- To meet issue expenses.
Company Financials
| Particulars | 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 |
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/
Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Lead Manager(s)
- Hem Securities Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
