Dudigital Global Rights Issue

Dudigital Global Rights Issue will open for subscription from 29 September 2023. the company aims for an issue size of ₹30.80 Crores through this rights Issue.

About the company

Incorporated in 2007, Dudigital Global Limited, previously known as Diva Envitec Filtration Technologies Pvt Ltd, The company has four business verticals:

  1. Visa Services: The company manages administrative and non-judgmental tasks related to visas and passports for clients. All the visa processing services provided by the company and its subsidiaries have been outsourced through multiple contracts and/or subcontract agreements amongst various parties/governments.
  2. Residency/Citizenship acquisition services: Under this vertical, the company helps clients procure residency/citizenship by taking advantage of policies relating to investment, residency programs, legal services, etc. varying from country to country.
  3. Business Setup Approval Services in Special Zones: Dudigital enters into customized agreements with Special Economic Zones of the client country, under which it is given specific rights to provide advisory services to proposed businesses, desiring to establish in such Special Zones of the client country, regarding required legal approvals, company formation, account opening, procurement of licenses, etc. Further, it also assists in the promotion of such Special Zones and spreading awareness of the same.
  4. DuVerify: DuVerify is an automated identity & digital document verification system that enables Governments to optimize their eVISA system by enhancing the efficiency, security, and accuracy of their visa processes.

Objectives of the Issue

  • Augmenting its capital base to provide for the fund requirements for increasing Net Worth to be more than Rs. 50 Crore and expenditure towards scaling up of business.
  • To meet the Working Capital Requirements of the Company.
  • General Corporate Purposes.

Dudigital Global Rights Issue Timetable

Last Date to buy shares21 September 2023
Record Date22 September 2023
Credit of Rights Entitlements
Bid/Offer Opens On29 September 2023
Renunciation of Rights Entitlements10 October 2023
Bid/Offer Closes On16 October 2023
Deemed Date of Allotment21 October 2023
Credit Date24 October 2023
Listing Date30 October 2023

Dudigital Global Rights Issue Details

Issue Open September 29, 2023 – October 16, 2023
Security NameDudigital Global Limited
Issue Size (Shares)11,622,080
Issue Size (Amount)₹30.80 Crores
Issue Price₹26.5 per share
Face Value₹2 per share
Listing AtNSE
Terms of PaymentThe entire amount of the Issue Price of ₹ 26.50/-(including premium of ₹ 24.50 per Rights Equity Share) per Rights Equity Share shall be payable at the time of Application.
Entitlement1 Rights Equity Share(s) for every 5 fully paid-up Equity Shares held on Record Date

Company Financials

Period Ended31 Mar 202231 Mar 2023
Profit After Tax0.130.67
(Amount in ₹ Crore)

Rights Issue Documents

Lead Manager(s)

Rights Issue Registrar

Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: rightsissue@bigshareonline.com

Company Contact Information

Dudigital Global Limited
C-4 SDA Community Centre
Hauz Khas,
New Delhi – 110016

Phone: 011-40450533
Email: cs@dudigitalglobal.com

Final Thoughts

Applying for the rights issue is purely a personal choice. make sure you make a detailed study about the company and rights issue before you make an investment decision.

Happy investing

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