Explore the details of Docmode Health Technologies IPO, including key dates, pricing, subscription status, and the company’s background. Dive into the financials, market trends, and the potential listing premium. Don’t miss the step-by-step guide on how to apply for this promising IPO.
Docmode Health Technologies IPO: Overview
Docmode Health Technologies Limited is set to launch its IPO, creating waves in the market. This article provides an in-depth analysis of the IPO, covering various aspects such as pricing, subscription status, and market trends.
Key IPO Details:
IPO Date: January 25, 2024, to January 30, 2024
Listing Date: [.]
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)
Issue Type: Fixed Price Issue IPO
Listing At: NSE SME
Shareholding Pre-Issue: 2,293,200
Shareholding Post-Issue: 3,142,800
Market Maker Portion: 43,200 shares – Rikhav Securities
Subscription Status:
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The Docmode Health Technologies IPO witnessed a subscription of 2.78 times on January 25, 2024, at 7:30 PM (Day 1). The retail category subscribed 4.95 times, [.] times in the QIB category, and 0.60 times in the NII category.
IPO Timeline (Tentative Schedule):
- 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
Lot Size:
Investors can bid for a minimum of 1600 shares and in multiples thereof. Retail investors can invest a minimum of ₹126,400, and HNI investors can invest a minimum of 2 lots (3,200 shares) amounting to ₹252,800.
About Docmode Health Technologies Limited:
Founded in 2017, Docmode Health Technologies offers integrated learning solutions for healthcare professionals globally. With both online and offline learning models, the company provides a diverse range of certificate programs and is affiliated with over 35 medical associations and universities worldwide.
Financial Highlights (Restated Consolidated):
- Revenue: ₹2,366.70 Lakhs (as of September 30, 2023)
- Profit After Tax (PAT): ₹136.01 Lakhs (as of September 30, 2023)
Key Performance Indicators:
- ROE: 80.03%
- ROCE: 22.46%
- Debt/Equity: 2.44
- RoNW: 56.06%
- P/BV: 4.85
GMP (Grey Market Premium):
The grey market premium for Docmode Health Technologies Ltd started at ₹10 per share and has remained stable. As of January 25, 2024, the likely listing price is around ₹89 per share, indicating a modest 12.66% premium.
How to Apply:
Retail investors can invest a minimum of ₹126,400, and HNI investors can invest a minimum of ₹252,800. The market maker, Rikhav Securities Ltd, holds 43,200 shares for market making.
Docmode Health Technologies IPO presents a compelling investment opportunity, backed by robust financials and a promising business model. Stay tuned for live updates on subscription status and market trends. Apply now to secure your stake in this innovative healthcare learning solutions provider.
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