Fixed Price IPO | ₹4 Cr | Listed at NSE SME | Thu, Aug 12, 2021 - Tue, Aug 17, 2021
DU Digital Technologies IPO is a fixed price issue of ₹4.49 crores. The issue is entirely a fresh issue of 0.07 crore shares of ₹4.49 crore.
DU Digital Technologies IPO bidding started from Aug 12, 2021 and ended on Aug 17, 2021. The allotment for DU Digital Technologies IPO was finalized on Aug 23, 2021. The shares got listed on NSE SME on Aug 26, 2021.
DU Digital Technologies IPO price is ₹65 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,30,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,60,000.
Hem Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Hem Finlease Pvt.Ltd..
Refer to DU Digital Technologies IPO RHP for detailed Information.
IPO Open
Thu, Aug 12, 2021
IPO Close
Tue, Aug 17, 2021
Issue Price
₹65 per share
Market Cap (Pre-IPO)
₹16.90 Cr
| IPO Date | 12 to 17 Aug, 2021 |
| Listed on | Thu, Aug 26, 2021 |
| Face Value | ₹10 per share |
| Issue Price | ₹65 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 6,90,000 shares (agg. up to ₹4 Cr) |
| Reserved for Market Maker | 38,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹0.2470 Cr) |
| Fresh Issue (Ex Market Maker) | 6,52,000 shares (agg. up to ₹4 Cr) |
| Net Offered to Public | 6,52,000 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 19,10,000 shares |
| Share Holding Post Issue | 26,00,000 shares |
| NSE Symbol | DUDIGITAL |
| ISIN | INE0HPK01012 |
DU Digital Technologies IPO comprises a total issue size of 6,90,000 shares. The net offer to the public is 6,52,000 shares, after excluding 38,000 shares allotted on a firm basis. Of the Net offer 3,26,000 (50.00%) allocated to NII 3,26,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 3,26,000 | 50.00% | 47.25% |
| Retail Shares Offered | 3,26,000 | 50.00% | 47.25% |
| Firm Reservations | |||
| Market Maker Shares Offered | 38,000 | 5.51% | |
| Total Shares Offered | 6,90,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,30,000 |
| Retail (Max) | 1 | 2,000 | ₹1,30,000 |
| HNI (Min) | 2 | 4,000 | ₹2,60,000 |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet Working Capital requirements | 1.52 |
| 2 | To make investment in the Subsidiary Company, Dudigital Global LLC | 1.40 |
| 3 | General Corporate Purpose | 1.10 |
The DU Digital Technologies IPO is subscribed 22.99 times on August 17, 2021 5:30:00 PM (Day 4). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 6.71 | 3,26,000 | 21,86,000 |
| Retail | 39.28 | 3,26,000 | 1,28,06,000 |
| Total | 22.99 | 6,52,000 | 1,49,92,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees | 0.22 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.02 |
| 4 | Fees Payable to Regulators including Stock Exchanges | 0.03 |
| 5 | Payment for Printing & Stationery, Postage, etc. | 0.02 |
| 6 | Fees Payable to Auditor, Legal Advisors and other Professionals | 0.04 |
| 7 | Others (Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, Processing Fees*, Underwriting fees and Miscellaneous Expenses) | 0.14 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹65.00 |
| Open | ₹60.00 |
| Low | ₹57.00 |
| High | ₹63.00 |
| Last Trade | ₹63.00 |
Lead Manager Reports
DU Digital Technologies IPO is a SME IPO of 6,90,000 equity shares of the face value of ₹10 aggregating up to ₹4 Crores. The issue is priced at ₹65 per share. The minimum order quantity is 2000.
The IPO opens on Thu, Aug 12, 2021, and closes on Tue, 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
Visit Zerodha IPO Application Process Review for more detail.
The DU Digital Technologies IPO opens on Thu, Aug 12, 2021 and closes on Tue, Aug 17, 2021.
DU Digital Technologies IPO lot size is 2000, and the minimum amount required for application is ₹1,30,000.
You can apply in DU Digital Technologies IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Wed, Aug 25, 2021. Check the DU Digital Technologies IPO allotment status.
The DU Digital Technologies IPO listing date is on Thu, Aug 26, 2021.
