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:
- 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.
- 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.
- 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.
- 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 shares | 21 September 2023 |
| Record Date | 22 September 2023 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | 29 September 2023 |
| Renunciation of Rights Entitlements | 10 October 2023 |
| Bid/Offer Closes On | 16 October 2023 |
| Deemed Date of Allotment | 21 October 2023 |
| Credit Date | 24 October 2023 |
| Listing Date | 30 October 2023 |
Dudigital Global Rights Issue Details
| Issue Open | September 29, 2023 – October 16, 2023 |
| Security Name | Dudigital 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 At | NSE |
| Terms of Payment | The 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. |
| Entitlement | 1 Rights Equity Share(s) for every 5 fully paid-up Equity Shares held on Record Date |
Company Financials
| Period Ended | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 15.02 | 31.16 |
| Revenue | 9.81 | 38.20 |
| Profit After Tax | 0.13 | 0.67 |
Rights Issue Documents
Lead Manager(s)
Rights Issue Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: rightsissue@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Company Contact Information
Dudigital Global Limited
C-4 SDA Community Centre
Hauz Khas,
New Delhi – 110016
Phone: 011-40450533
Email: cs@dudigitalglobal.com
Website: https://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
