{"id":2801,"date":"2021-08-10T12:22:16","date_gmt":"2021-08-10T12:22:16","guid":{"rendered":"https:\/\/rakshithpai.com\/?p=2801"},"modified":"2021-12-27T12:11:52","modified_gmt":"2021-12-27T12:11:52","slug":"du-digital-global-ipo","status":"publish","type":"post","link":"https:\/\/rakshithpai.com\/du-digital-global-ipo\/","title":{"rendered":"DU Digital Global IPO. Is it Worth Subscribing?"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-662c59e622545\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\" style='display:none' id=\"ez-toc-cssicon-toggle-item-662c59e622545\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/rakshithpai.com\/du-digital-global-ipo\/#Business_Introduction\" title=\"Business Introduction:\">Business Introduction:<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/rakshithpai.com\/du-digital-global-ipo\/#DU_Digital_Global_business_segments\" title=\"DU Digital Global business segments:\">DU Digital Global business segments:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/rakshithpai.com\/du-digital-global-ipo\/#DU_Digital_Global_role_in_Visa_Processing\" title=\"DU Digital Global role in Visa Processing?\">DU Digital Global role in Visa Processing?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/rakshithpai.com\/du-digital-global-ipo\/#About_founders\" title=\"About founders:\">About founders:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/rakshithpai.com\/du-digital-global-ipo\/#Financial_Information\" title=\"Financial Information:\">Financial Information:<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/rakshithpai.com\/du-digital-global-ipo\/#Reserves_and_Surplus\" title=\"Reserves and Surplus: \">Reserves and Surplus: <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/rakshithpai.com\/du-digital-global-ipo\/#Revenue_from_Operation\" title=\"Revenue from Operation:\">Revenue from Operation:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/rakshithpai.com\/du-digital-global-ipo\/#Capitalization_Statement\" title=\"Capitalization Statement:\">Capitalization Statement:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/rakshithpai.com\/du-digital-global-ipo\/#Per-Share_Earnings\" title=\"Per-Share Earnings:\">Per-Share Earnings:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/rakshithpai.com\/du-digital-global-ipo\/#Company_Opportunity_and_strength\" title=\"Company Opportunity and strength:\">Company Opportunity and strength:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/rakshithpai.com\/du-digital-global-ipo\/#Strategy\" title=\"Strategy:\">Strategy:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/rakshithpai.com\/du-digital-global-ipo\/#Company_Threats_and_Weakness\" title=\"Company Threats and Weakness:\">Company Threats and Weakness:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/rakshithpai.com\/du-digital-global-ipo\/#Management_Analysis\" title=\"Management Analysis:\">Management Analysis:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/rakshithpai.com\/du-digital-global-ipo\/#DU_Digital_Global_IPO_details\" title=\"DU Digital Global IPO details:\">DU Digital Global IPO details:<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/rakshithpai.com\/du-digital-global-ipo\/#Use_of_IPO_proceeds\" title=\"Use of IPO proceeds:\">Use of IPO proceeds:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/rakshithpai.com\/du-digital-global-ipo\/#Risk_Factors\" title=\"Risk Factors:\">Risk Factors:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/rakshithpai.com\/du-digital-global-ipo\/#Industry_Overview\" title=\"Industry Overview:\">Industry Overview:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/rakshithpai.com\/du-digital-global-ipo\/#Conclusion\" title=\"Conclusion:\">Conclusion:<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/rakshithpai.com\/du-digital-global-ipo\/#Will_I_subscribe_to_this_IPO\" title=\"Will I subscribe to this IPO?&nbsp;\">Will I subscribe to this IPO?&nbsp;<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/rakshithpai.com\/du-digital-global-ipo\/#How_to_apply_for_DU_Digital_Global_%E2%80%93_IPO\" title=\"How to apply for DU Digital Global &#8211; IPO?\">How to apply for DU Digital Global &#8211; IPO?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/rakshithpai.com\/du-digital-global-ipo\/#Also_read\" title=\"Also read:\">Also read:<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Business_Introduction\"><\/span><strong>Business Introduction:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>DU DigitalTechnologies was founded in 2007 and is in the business of providing visa processing services to embassies from various nations. It serves as a human liaison between the visa applicant and the visa processing unit&#8217;s technical staff. The company performs administrative and non-judgmental functions for customers in connection with visa applications, digitization, document verification, and biometric data gathering.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"DU_Digital_Global_business_segments\"><\/span><strong>DU Digital Global business segments:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ol><li>Accepts documents on the Ministry&#8217;s behalf,<\/li><li>Services of attestation,<\/li><li>Obtaining fingerprints, facial photographs, and retina scans, among other things.<\/li><\/ol>\n\n\n\n<p>Additionally, it offers a number of value-added services, including a premium lounge, a prime time application, mobile biometrics, SMS alerts, and courier services.<\/p>\n\n\n\n<p>The company operates Visa Application Centers (VACs) in Delhi, Kolkata, Bangalore, and Mumbai, as well as a processing support center in Ahmedabad, Chandigarh, Chennai, Cochin, Jalandhar, Hyderabad, Pune, Gurgaon, Jaipur, and Goa in partnership with VFS Global Services Ltd.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline\"><a class=\"wp-block-button__link has-text-color has-background\" href=\"https:\/\/zerodha.com\/open-account?c=PR4768\" style=\"border-radius:50px;background-color:#e4fa00;color:#0f0027\" rel=\"nofollow\"><strong>Open Zerodha Account Now!<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"DU_Digital_Global_role_in_Visa_Processing\"><\/span><strong>DU Digital Global role in Visa Processing?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The company&#8217;s role is to perform administrative and nonjudgmental activities relating to visa applications, digitization, document verification, and the gathering of biometric data for its customers.<\/p>\n\n\n\n<p>This allows the respective government entities to devote their full attention to the crucial task of assessment. DU Digital is not involved in the decision-making process for granting or denying visa permissions.<\/p>\n\n\n\n<p>Currently, the company provides human interface services for visa processing in Greece, Malaysia, and India through various subcontracts provided to the company and its subsidiaries.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"About_founders\"><\/span><strong>About founders:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Mr. Rajinder Rai is the promoter of the company.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Financial_Information\"><\/span><strong>Financial Information:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Reserves_and_Surplus\"><\/span><strong>Reserves and Surplus: <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/rakshithpai.com\/wp-content\/uploads\/2021\/08\/Reserves-and-Surplus-1-1024x514.jpg\" alt=\"\" class=\"wp-image-2804\" width=\"1185\" height=\"595\" srcset=\"https:\/\/rakshithpai.com\/wp-content\/uploads\/2021\/08\/Reserves-and-Surplus-1-1024x514.jpg 1024w, https:\/\/rakshithpai.com\/wp-content\/uploads\/2021\/08\/Reserves-and-Surplus-1-300x151.jpg 300w, https:\/\/rakshithpai.com\/wp-content\/uploads\/2021\/08\/Reserves-and-Surplus-1-768x385.jpg 768w, https:\/\/rakshithpai.com\/wp-content\/uploads\/2021\/08\/Reserves-and-Surplus-1.jpg 1200w\" sizes=\"(max-width: 1185px) 100vw, 1185px\" \/><figcaption><strong>Company reserves are maintained at almost the same level and are due to the sale of a subsidiary company. The balance as noted above.<\/strong><\/figcaption><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Revenue_from_Operation\"><\/span><strong>Revenue from Operation:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/rakshithpai.com\/wp-content\/uploads\/2021\/08\/Revenue-from-Operation-1024x483.jpg\" alt=\"\" class=\"wp-image-2807\" width=\"1186\" height=\"559\" srcset=\"https:\/\/rakshithpai.com\/wp-content\/uploads\/2021\/08\/Revenue-from-Operation-1024x483.jpg 1024w, https:\/\/rakshithpai.com\/wp-content\/uploads\/2021\/08\/Revenue-from-Operation-300x142.jpg 300w, https:\/\/rakshithpai.com\/wp-content\/uploads\/2021\/08\/Revenue-from-Operation-768x362.jpg 768w, https:\/\/rakshithpai.com\/wp-content\/uploads\/2021\/08\/Revenue-from-Operation.jpg 1200w\" sizes=\"(max-width: 1186px) 100vw, 1186px\" \/><figcaption><strong>A drastic reduction in Operational revenue is due to the ongoing Pandemic. If the same continues, the companies revenue will be seriously impacted. <\/strong><\/figcaption><\/figure><\/div>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline\"><a class=\"wp-block-button__link has-text-color has-background\" href=\"https:\/\/zerodha.com\/open-account?c=PR4768\" style=\"border-radius:50px;background-color:#e4fa00;color:#0f0027\" rel=\"nofollow\"><strong>Open Zerodha Account Now!<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Capitalization_Statement\"><\/span><strong>Capitalization Statement:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/rakshithpai.com\/wp-content\/uploads\/2021\/08\/Capitalization-statement-1024x420.png\" alt=\"\" class=\"wp-image-2809\" width=\"1183\" height=\"485\" srcset=\"https:\/\/rakshithpai.com\/wp-content\/uploads\/2021\/08\/Capitalization-statement-1024x420.png 1024w, https:\/\/rakshithpai.com\/wp-content\/uploads\/2021\/08\/Capitalization-statement-300x123.png 300w, https:\/\/rakshithpai.com\/wp-content\/uploads\/2021\/08\/Capitalization-statement-768x315.png 768w, https:\/\/rakshithpai.com\/wp-content\/uploads\/2021\/08\/Capitalization-statement-1536x631.png 1536w, https:\/\/rakshithpai.com\/wp-content\/uploads\/2021\/08\/Capitalization-statement.png 1600w\" sizes=\"(max-width: 1183px) 100vw, 1183px\" \/><figcaption><strong>Companies Current Asset balance is sufficient enough to service both the Short and long-term debt. A very comfortable debt position.<\/strong><\/figcaption><\/figure><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Per-Share_Earnings\"><\/span><strong>Per-Share Earnings:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/rakshithpai.com\/wp-content\/uploads\/2021\/08\/Per-share-Earnings-1024x221.png\" alt=\"\" class=\"wp-image-2813\" width=\"1186\" height=\"256\" srcset=\"https:\/\/rakshithpai.com\/wp-content\/uploads\/2021\/08\/Per-share-Earnings-1024x221.png 1024w, https:\/\/rakshithpai.com\/wp-content\/uploads\/2021\/08\/Per-share-Earnings-300x65.png 300w, https:\/\/rakshithpai.com\/wp-content\/uploads\/2021\/08\/Per-share-Earnings-768x165.png 768w, https:\/\/rakshithpai.com\/wp-content\/uploads\/2021\/08\/Per-share-Earnings.png 1495w\" sizes=\"(max-width: 1186px) 100vw, 1186px\" \/><figcaption><strong>Companies Per-share Earnings was positive at Rs. 0.80 per share.<\/strong><\/figcaption><\/figure><\/div>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline\"><a class=\"wp-block-button__link has-text-color has-background\" href=\"https:\/\/zerodha.com\/open-account?c=PR4768\" style=\"border-radius:50px;background-color:#e4fa00;color:#0f0027\" rel=\"nofollow\"><strong>Open Zerodha Account Now!<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Company_Opportunity_and_strength\"><\/span><strong>Company Opportunity and strength:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ol><li><strong>High Entry Barriers and a Niche Industry &#8211;<\/strong> Visa outsourcing industry is huge with very few players. So, the company can monetize its presence very well.<\/li><li><strong>Exclusive Service Agreements for visa processing &#8211;<\/strong> of Greece and Malaysian Visa in and for India.<\/li><li><strong>Providing efficient and secure services to clients and service providers &#8211;<\/strong> DU Digital Global aims at collecting, according to the demands of the Diplomatic Mission, applicants\u2019 biometric data in the most secure electronic way and securely transmits them to the Consulate of jurisdiction, thus ensuring total protection of applicants\u2019 confidential information and personal data.<\/li><li><strong>Qualified and experienced management team and personnel base strategy &#8211;<\/strong> Company has a well qualified employee base of around 29 employees as of March 2021.<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Strategy\"><\/span><strong>Strategy:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ol><li>A greater emphasis on <strong>direct partnerships with governments worldwide.<\/strong><\/li><li><strong>Increase the customer base<\/strong> through increase in foreign travel and tourism in India<\/li><li>The company wants to <strong>expand its customer base by entering into more agreements with other companies<\/strong> that outsource visa processing services in India and Southeast Asia. And establish a \u201cOne stop Centre (OSC)\u201d kind arrangement.<\/li><li><strong>Extending the scope of services through expansion into new locations and increasing public knowledge of immigration services.<\/strong><\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Company_Threats_and_Weakness\"><\/span><strong>Company Threats and Weakness:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ol><li><strong>Weakening drivers of growth.<\/strong><\/li><li>Broad-based <strong>slowdown in potential growth<\/strong> the likes of which we are seeing now globally in the air industry.<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Management_Analysis\"><\/span><strong>Management Analysis:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Chairman and Managing Director <strong>Mr. Rajinder Rai has a rich experience of around 40 years in the Travel and Tourism Industry<\/strong> and is the backbone of the Company.<\/p>\n\n\n\n<p>The Board of Directors have individuals with rich and varied <strong>experience in the field of Travel and Tourism with over 2 decades of experience.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"DU_Digital_Global_IPO_details\"><\/span><strong>DU Digital Global IPO details:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"su-table su-csv-table su-table-responsive su-table-alternate su-table-fixed\"><table><tr><th>Sl. No<\/th><th>Particulars<\/th><th>Information<\/th><\/tr><tr><td>1<\/td><td>IPO Issue opens on<\/td><td>August 12, 2021<\/td><\/tr><tr><td>2<\/td><td>IPO Issue closes on<\/td><td>August 16, 2021<\/td><\/tr><tr><td>3<\/td><td>Issue Type<\/td><td>Fixed Price Issue IPO<\/td><\/tr><tr><td>4<\/td><td>Face Value<\/td><td>Rs. 10 per equity share<\/td><\/tr><tr><td>5<\/td><td>IPO Price<\/td><td>Rs. 65 per equity share<\/td><\/tr><tr><td>6<\/td><td>Minimum Order Quantity<\/td><td>1 lot = 2,000 Shares, Amounting Rs. 1,30,000<\/td><\/tr><tr><td>7<\/td><td>Maximum Order Quantity<\/td><td>1 lot = 2,000 Shares, Amounting Rs. 1,30,000<\/td><\/tr><tr><td>8<\/td><td>Listing At<\/td><td>NSE and SME<\/td><\/tr><tr><td>9<\/td><td>Issue Size<\/td><td>Amount aggregating up to Rs. 4.49 crore<\/td><\/tr><tr><td>10<\/td><td>Fresh Issue<\/td><td>Amount aggregating up to Rs. 4.49 crore<\/td><\/tr><tr><td>11<\/td><td>Offer for Sale<\/td><td>-<\/td><\/tr><tr><td>12<\/td><td>Allotment date<\/td><td>August 20, 2021<\/td><\/tr><tr><td>13<\/td><td>Initiation of Refunds<\/td><td>August 23, 2021<\/td><\/tr><tr><td>14<\/td><td>Credit of share to Demat Account<\/td><td>August 24, 2021<\/td><\/tr><tr><td>15<\/td><td>IPO Listing date<\/td><td>August 25, 2021<\/td><\/tr><tr><td><\/td><\/tr><\/table><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Use_of_IPO_proceeds\"><\/span><strong>Use of IPO proceeds:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ol><li>Maintain sufficient working capital.<\/li><li>investment in DU digital Global LLC, a subsidiary company.<\/li><li>To accomplish general corporate objectives.<\/li><li>To cover the costs associated with the issue.<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Risk_Factors\"><\/span><strong>Risk Factors:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ol><li>The <strong>pandemic of COVID-19 has had, and is likely to continue to have, a major adverse effect on the travel industry,<\/strong> and thus on the business, financial condition, results of operations, and cash flows.<\/li><li>DU Digital Global&#8217;s <strong>operations are contingent upon the Company obtaining service level agreements or subcontracts from third-party service providers. Th<\/strong>ese agreements are typically effective for one to three years, and if they are not renewed on favourable terms, the companies&#8217; operations may suffer.<\/li><li>Despite precautions, <strong>the organisation may be subject to risks associated with the verification, processing, storage, use, and disclosure of client data.<\/strong><\/li><li>DU Digital Global <strong>relies on third-party service providers for a substantial share of its operational services,<\/strong> and the firm may suffer if they fail to meet standards or experience operational difficulties.<\/li><li>The company is <strong>prone to information technology system failures<\/strong> (including cyber security system failures), which could have a negative impact on the business. Additionally, it is dependent on external information technology infrastructure to conduct business, and any failure of such infrastructure would have a negative impact on the organisation.<\/li><li>The <strong>company&#8217;s revenue is derived from its visa processing services in the limited geographical areas of Greece and Malaysia<\/strong> (which are not ideal portfolio sites). Failure to extend its company in additional geographies for visa processing services could have a negative impact on its revenues, results of operations, and financial condition.<\/li><li><strong>Seasonality has an effect on operating results.<\/strong><\/li><\/ol>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline\"><a class=\"wp-block-button__link has-text-color has-background\" href=\"https:\/\/zerodha.com\/open-account?c=PR4768\" style=\"border-radius:50px;background-color:#e4fa00;color:#0f0027\" rel=\"nofollow\"><strong>Open Zerodha Account Now!<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Industry_Overview\"><\/span><strong>Industry Overview:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Following a collapse caused by the COVID-19 pandemic last year, worldwide economic output is predicted to expand by 4% in 2021 but will still be more than 5% below pre-pandemic estimates. Global growth is expected to slow to 3.8 percent in 2022, dragged down by the pandemic&#8217;s long-term impact on prospective growth.<\/p>\n\n\n\n<p>The Indian economy suffered a setback in 2020-21 as a result of the extremely contagious coronavirus (Covid-19) sweeping across the country. In response to the pandemic, the government has taken several proactive preventive and mitigating measures, including progressive tightening of international travel restrictions, issuing public advisories, establishing quarantine facilities, tracing contacts of virus-infected individuals, and various social distancing measures.<\/p>\n\n\n\n<p>In 2019, the Travel &amp; Tourism sector contributed 10.4 percent to global GDP; this contribution will fall to 5.5 percent in 2020 owing to further mobility constraints.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/rakshithpai.com\/wp-content\/uploads\/2021\/08\/Regional-Performance-1024x471.jpg\" alt=\"\" class=\"wp-image-2815\" width=\"1181\" height=\"543\" srcset=\"https:\/\/rakshithpai.com\/wp-content\/uploads\/2021\/08\/Regional-Performance-1024x471.jpg 1024w, https:\/\/rakshithpai.com\/wp-content\/uploads\/2021\/08\/Regional-Performance-300x138.jpg 300w, https:\/\/rakshithpai.com\/wp-content\/uploads\/2021\/08\/Regional-Performance-768x353.jpg 768w, https:\/\/rakshithpai.com\/wp-content\/uploads\/2021\/08\/Regional-Performance.jpg 1200w\" sizes=\"(max-width: 1181px) 100vw, 1181px\" \/><figcaption><strong>Drop-in Travel and Tourism regional performance due to ongoing pandemic.<\/strong><\/figcaption><\/figure><\/div>\n\n\n\n<p>In 2020, 62 million jobs were lost, a loss of 18.5 percent, leaving the industry with a global workforce of just 272 million, down from 334 million in 2019. Job losses continue to be a worry, as many positions are currently supported by government retention programs and reduced hours, which might be lost if Travel &amp; Tourism does not fully recover.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/rakshithpai.com\/wp-content\/uploads\/2021\/08\/Covid-impact-on-Travel-and-Tourism-1024x405.jpg\" alt=\"\" class=\"wp-image-2816\" width=\"1182\" height=\"467\" srcset=\"https:\/\/rakshithpai.com\/wp-content\/uploads\/2021\/08\/Covid-impact-on-Travel-and-Tourism-1024x405.jpg 1024w, https:\/\/rakshithpai.com\/wp-content\/uploads\/2021\/08\/Covid-impact-on-Travel-and-Tourism-300x119.jpg 300w, https:\/\/rakshithpai.com\/wp-content\/uploads\/2021\/08\/Covid-impact-on-Travel-and-Tourism-768x304.jpg 768w, https:\/\/rakshithpai.com\/wp-content\/uploads\/2021\/08\/Covid-impact-on-Travel-and-Tourism.jpg 1200w\" sizes=\"(max-width: 1182px) 100vw, 1182px\" \/><figcaption><strong>Global level impact on Travel and Tourism.<\/strong><\/figcaption><\/figure><\/div>\n\n\n\n<p>Domestic visitor expenditure fell by 45%, while overseas visitor spending fell by a record 69.4 percent.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/rakshithpai.com\/wp-content\/uploads\/2021\/08\/Covid-impact-on-spendings-1024x323.jpg\" alt=\"\" class=\"wp-image-2817\" width=\"1185\" height=\"374\" srcset=\"https:\/\/rakshithpai.com\/wp-content\/uploads\/2021\/08\/Covid-impact-on-spendings-1024x323.jpg 1024w, https:\/\/rakshithpai.com\/wp-content\/uploads\/2021\/08\/Covid-impact-on-spendings-300x95.jpg 300w, https:\/\/rakshithpai.com\/wp-content\/uploads\/2021\/08\/Covid-impact-on-spendings-768x243.jpg 768w, https:\/\/rakshithpai.com\/wp-content\/uploads\/2021\/08\/Covid-impact-on-spendings.jpg 1200w\" sizes=\"(max-width: 1185px) 100vw, 1185px\" \/><figcaption><strong>Global level impact on spending and consumption.<\/strong><\/figcaption><\/figure><\/div>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline\"><a class=\"wp-block-button__link has-text-color has-background\" href=\"https:\/\/zerodha.com\/open-account?c=PR4768\" style=\"border-radius:50px;background-color:#e4fa00;color:#0f0027\" rel=\"nofollow\"><strong>Open Zerodha Account Now!<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The business model seems feasible. Although there\u2019s not much visible moat in the company&#8217;s business structure. The company seems well-positioned. But, I would be happier if the company had a well-diversified location as a market. With just Greece and Malaysia as major markets, I don\u2019t see much growth in it.<\/p>\n\n\n\n<p>But, the company has assured that it is venturing into different markets and that is a good sign.<\/p>\n\n\n\n<p>Financials are reasonably well. Management seems experienced and we do notice a good entry barrier in the industry so, that is one noticeable plus point to DU Digital Global.<\/p>\n\n\n\n<p>If one is planning to invest in this company. Please note that there\u2019s not much to earn as in \u2018IPO Gains\u2019 here. So, go for it if you find it a worthy investment for Long-term.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Will_I_subscribe_to_this_IPO\"><\/span><strong>Will I subscribe to this IPO?&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>No, I\u2019ll have a pass on it. I do think the company can be a wealth creator if one holds on for a long period. That can be a possibility. But, At present, due to the ongoing situation. I&#8217;m not interested in this company and would like to invest elsewhere.<\/p>\n\n\n\n<p>And, since the lot size is huge. I.e Rs. 1,30,000 per lot. I believe only serious investors who really find value in the company and would hold on for the long term should consider investing.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_apply_for_DU_Digital_Global_%E2%80%93_IPO\"><\/span><strong>How to apply for DU Digital Global &#8211; IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>Steps to be followed to apply for \u201c <strong>DU Digital Global IPO<\/strong>  \u2013 DU DIGITAL\u201d via&nbsp;<a href=\"https:\/\/rakshithpai.com\/zerodha-review\/\">Zerodha<\/a>&nbsp;console:<\/strong><\/p>\n\n\n\n<p><strong>Step 1:&nbsp;<\/strong>Visit the <a href=\"https:\/\/rakshithpai.com\/zerodha-review\/\">Zerodha<\/a> website and log in to Console.<\/p>\n\n\n\n<p><strong>Step 2:<\/strong>&nbsp;Go to Portfolio and click the IPOs link.<\/p>\n\n\n\n<p><strong>Step 3:<\/strong>&nbsp;Go to the \u201c<strong> <strong>DU DIGITAL<\/strong> <\/strong>\u201d row and click the \u2018Bid\u2019 button.<\/p>\n\n\n\n<p><strong>Step 4:<\/strong>&nbsp;Enter your UPI ID, Quantity (In lots), and Price.<\/p>\n\n\n\n<p><strong>Step 5:&nbsp;<\/strong>\u2018Submit\u2019 IPO application form.<\/p>\n\n\n\n<p><strong>Step 6:<\/strong>&nbsp;Visit the UPI App (net banking or BHIM) to approve the mandate.<\/p>\n\n\n\n<p><strong>Do not have a brokerage account? Apply for Zerodha \u2013 India\u2019s top brokerage service.<\/strong><\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline\"><a class=\"wp-block-button__link has-text-color has-background\" href=\"https:\/\/zerodha.com\/open-account?c=PR4768\" style=\"border-radius:50px;background-color:#e4fa00;color:#0f0027\" rel=\"nofollow\"><strong>Open Zerodha Account Now!<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<p><strong>Disclaimer<\/strong>: All the information on this website is published in good faith and for general information purpose only.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Also_read\"><\/span><strong>Also read:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul><li><strong><a href=\"https:\/\/rakshithpai.com\/best-investment-plans-india-middle-class\/\">Best Investment Plans in India for Middle Class<\/a><\/strong><\/li><li><strong><a href=\"https:\/\/rakshithpai.com\/how-to-invest-in-stock-market-a-beginners-guide-to-investing\/\">How to Start Investing? A Beginners Guide to Investing<\/a><\/strong><\/li><li><strong><a href=\"https:\/\/rakshithpai.com\/how-to-construct-a-profitable-investment-portfolio\/\">How To Construct a Profitable Investment Portfolio?<\/a><\/strong><\/li><li><strong><a href=\"https:\/\/rakshithpai.com\/investing-in-your-20s\/\">Investing tips in your 20s<\/a><\/strong><\/li><li><strong><a href=\"https:\/\/rakshithpai.com\/investing-in-your-30s\/\">Investing tips in your 30s<\/a><\/strong><\/li><li><strong><a href=\"https:\/\/rakshithpai.com\/portfolio-allocation-asset-correlation-importance\/\">Portfolio Allocation, Asset Correlation &amp; its importance!<\/a><\/strong><\/li><li><strong><a href=\"https:\/\/rakshithpai.com\/best-warren-buffett-quotes\/\">Best Warren Buffett Quotes<\/a><\/strong><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Business Introduction: DU DigitalTechnologies was founded in 2007 and is in the business of providing visa processing services to embassies from various nations. It serves as a human liaison between the visa applicant and the visa processing unit&#8217;s technical staff. The company performs administrative and non-judgmental functions for customers in connection with visa applications, digitization, [&hellip;]<\/p>\n<div class='heateor_sss_sharing_container heateor_sss_vertical_sharing heateor_sss_bottom_sharing' style='width:44px;right: -10px;top: 100px;background-color: Dark Blue' data-heateor-sss-href='https:\/\/rakshithpai.com\/wp-json\/wp\/v2\/posts\/2801'><div class=\"heateor_sss_sharing_ul\"><a aria-label=\"Facebook\" class=\"heateor_sss_facebook\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https%3A%2F%2Frakshithpai.com%2Fwp-json%2Fwp%2Fv2%2Fposts%2F2801\" title=\"Facebook\" rel=\"nofollow noopener\" target=\"_blank\" style=\"font-size:32px!important;box-shadow:none;display:inline-block;vertical-align:middle\"><span class=\"heateor_sss_svg\" style=\"background-color:#0765FE;width:40px;height:40px;margin:0;display:inline-block;opacity:1;float:left;font-size:32px;box-shadow:none;display:inline-block;font-size:16px;padding:0 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