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News Details

09/08/2021 10:50

DU Digital Tech announces launch of initial public offering

DU Digital Technologies Ltd. has announced public offering of 690000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 55.00 per share. The gross proceeds of the issue are expected to be Rs 448.50 lakhs.

The company's initial public offer (IPO) will open on 12 August 2021 and is expected to close on 16 August 2021, subject to customary closing conditions.

The IPO includes a fresh Issue of 690000 Equity Shares of the Company at an price of Rs 65.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.

DU Digital Technologies Ltd. anticipates using the proceeds of the issue for To meet Working Capital requirements To make investment in the Subsidiary Company, Dudigital Global LLC General Corporate Purpose To meet issue expenses.

Hem Securities Ltd as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.