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
- High entry barriers in the industry.
- Qualified and experienced managerial team.
- Exclusive service agreements for visa processing services.
| Purpose | Amount (₹ Cr) |
|---|---|
| 1 To meet Working Capital requirements | ₹2 |
| 2 To make investment in the Subsidiary Company, Dudigital Global LLC | ₹1 |
| 3 General Corporate Purpose | ₹1 |
| Metric | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
|---|---|---|---|
| Total Assets | 391 | 772 | 1,203 |
| Revenue | 227 | 3,206 | 3,748 |
| PAT | 11 | 24 | 71 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| NII / HNI | — | 326,000 (47%) | — |
| Retail (RII) | — | 326,000 (47%) | — |
| Market Maker | — | 38,000 (6%) | — |
| Total | — | 690,000 (100%) | — |
* Amount calculated at upper price band (₹65) · ** Total includes all investor categories
- 1 Initiation of Refund 24 Aug 2021
- 2 Credit of Shares to Demat 25 Aug 2021
- Retail allocation is strong at 47% of the total offering.
- HNI/NII demand is strong at 47%.
This IPO shows strong fundamentals and healthy investor demand. Research the business model and compare with sector peers before applying.
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