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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.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Docmode Health Technologies Limited IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
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 | 1600 Shares |
| Total Issue Size | 849,600 shares (aggregating up to ₹6.71 Cr) |
| Fresh Issue | 849,600 shares (aggregating up to ₹6.71 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 2,293,200 |
| Share holding post issue | 3,142,800 |
| Market Maker portion | 43,200 shares Rikhav Securities |
Docmode Health Technologies Limited IPO Timeline
| Detail | Description |
|---|---|
| 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 |
Docmode Health Technologies Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹126,400 |
| Retail (Max) | 1 | 1600 | ₹126,400 |
| HNI (Min) | 2 | 3,200 | ₹252,800 |
Docmode Health Technologies Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Share Holding Pre Issue | 65.02% |
| Share Holding Post Issue | 47.44% |
Competitive Strength:
- -
Docmode Health Technologies Limited IPO Financial Information
| Period Ended | Assets | Revenue | 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 | ||||||||||||||||||||||||||||||||||||||||
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 |
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.
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Frequently asked Questions (FAQs )
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What is the issue size of Docmode Health Technologies Ltd IPO?
Docmode Health Technologies Ltd IPO, which opens for subscription from 25-Jan-2024 to 29-Jan-2024 has an issue size of ₹6.71 crore. The issue type is book building issue.
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What are the open and close dates for Docmode Health Technologies Ltd IPO?
Docmode Health Technologies Ltd IPO Opens for subscription from 25-Jan-2024 to 29-Jan-2024.
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What is the lot size and minimum order quantity of the Docmode Health Technologies Ltd IPO?
The lot size of Docmode Health Technologies Ltd is 1600 shares. Retail investors can subscribe to minimum 1 lot and maximum 1 lots. The minimum and maximum application value is ₹126400 and ₹126400 respectively.
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What are the allotment dates for the Docmode Health Technologies Ltd IPO?
Allotment date for Docmode Health Technologies Ltd is 31-Jan-2024 and refund of application amount (in case allotment is not received) will begin from 01-Feb-2024. If your allotment goes through, then shares will be credited in your Demat account by 01-Feb-2024
