Docmode Health Technologies Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | January 25, 2024 to January 30, 2024 |
| Listing Date | February 2, 2024 |
| Face Value | ₹ 10 per share |
| Price | ₹ 79 per share |
| Lot Size | 1,600 Shares |
| Total Issue Size | 8,49,600 shares (aggregating up to ₹ 6.71 Cr) |
| Fresh Issue | 8,49,600 shares (aggregating up to ₹ 6.71 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 22,93,200 |
| Share holding post issue | 31,42,800 |
| Market Maker portion | 43,200 shares Rikhav Securities |
About Docmode Health Technologies Limited IPO
DocMode is a platform that provides authoritative, comprehensive and interactive learning programs for Health Professionals - Doctors, Nurses, Allied and Medical Students - across the world. This Medical content is created, reviewed and presented by Leading Medical Schools/Universities, Medical Associations and Subject Matter Experts/Key Opinion leaders who are focussed to effectively transfer knowledge, as well as communicate and network with each other through our Continuing Medical Education (CME) programs and Online Courses. Along with learning, DocMode creates an environment where healthcare professionals can interact with the faculty via discussions board attached to each CME and Course as well as take advantage of our performance assessment tools to better their clinical acumen in their daily medical practice.
Docmode Health Technologies IPO is a fixed price issue of Rs 6.71 crores. The issue is entirely a fresh issue of 8.5 lakh shares. Docmode Health Technologies IPO price is ₹79 per share. The minimum lot size for an application is 1600 Shares. Fedex Securities Pvt Ltd is the book running lead manager of the Docmode Health Technologies IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Docmode Health Technologies IPO is Rikhav Securities.
Objectives of Docmode Health Technologies IPO
The company proposes to utilize the Net Proceeds from the issue towards the following objectives:
- 1. Purchase of IT infrastructure and operating system.
- 2. Meeting incremental working capital requirements.
- 3. General corporate purposes.
Docmode Health Technologies IPO Review
The company is in the fragmented segment. Perhaps due to this, it has posted declining margins amidst competition. Though based on its FY24 annualized earnings the issue appears reasonably priced, it’s only for the well-informed investors for parking funds for the medium term. The tiny paid-up equity capital post listing indicates a longer gestation period for migration to the mainboard.
Docmode Health Technologies Limited IPO Financial Information
Latest Revenue
2,366.70
₹ Crore
Profit After Tax
136.01
₹ Crore
Net Worth
483.55
₹ Crore
Total Borrowing
811.08
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2023 | 1,764.25 | 2,366.70 | 136.01 | 483.55 | 811.08 | ||||
| 31 Mar 2023 | 1,700.88 | 3,297.42 | 194.82 | 347.53 | 847.95 | ||||
| 31 Mar 2022 | 1,008.36 | 1,243.76 | 92.20 | 138.71 | 483.86 | ||||
| 31 Mar 2021 | 567.26 | 710.46 | 55.33 | 46.52 | 105.62 | ||||
| Amount in ₹ Crore | |||||||||
Docmode Health Technologies Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 80.03% |
| ROCE | 22.46% |
| Debt/Equity | 2.44 |
| RoNW | 56.06% |
| P/BV | 4.85 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.5 | 8.66 |
| P/E (x) | 9.3 | 9.13 |
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Competitive Strengths
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Docmode Health Technologies Limited IPO Timeline
| IPO Open Date | Thursday, January 25, 2024 |
| IPO Close Date | Tuesday, January 30, 2024 |
| Basis of Allotment | Wednesday, January 31, 2024 |
| Initiation of Refunds | Thursday, February 1, 2024 |
| Credit of Shares to Demat | Thursday, February 1, 2024 |
| Listing Date | Friday, February 2, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 30, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹126,400 |
| Retail (Max) | 1 | 1600 | ₹126,400 |
| HNI (Min) | 2 | 3,200 | ₹252,800 |