Docmode Health Technologies Limited IPO Message Board (Page 3)

First time it has happened that my application from HDFC in HNI it shows as Underprocess and not ordered state. Any idea why does it show like this and how long it takes to clear this state ?

Once application number generated not an issue

I have applied. Some +ve points and some -ve points, low PE ratio, decent GMP are positives. But then the area in which company is working is not so convincing and also promoter holding post IPO will be low. So, applied two retail applications.

​@antarix  Are you applying in Megatherm and Delaplex too?

Yes, I have applied there also.

Although growth in both revenue and profit is quite impressive but I personally don't feel comfortable with the present MM and LM. Moreover, with other good SMEs available at the same time, don't want to take unnecessary risk.

other members of the cg community, can u pls give ur insights on this one

While I was excited about the healthcare sector and low PE of the company, closer look at the drhp shows their growth has come from offering paid surveys to the doctors (initiated by Pharma companies). The business of educational courses is significantly declining both in terms of revenue and logins.
Gandha yeh par dhanda hain yeh. Look like promoter realised that offering education to doctors is not fetching money and so they moved to different revenue channels. This also explains reason for reduction in profitability as other expenses show huge increase in professional fees (aka fees paid to doctors for conducting surveys.) Don't think the doctors who have time to do such activities would be expert in their fields.

I am still positive about the company but this revenue model is not sustainable. Only way this company would succeed is if they are able to bring more and more (preferably good) doctors on their platform consistently. Currently that's not the case but the strategy is in place.

A slight detour to my earlier comment : the paid survey industry is usd 6 billion globally. So it is an exciting opportunity if played out properly

Also docmode is available at a PE lower than 10. That's quite an attractive proposition.

due to shareholder quota applying up to SH quota size and allotment propionate basis so no any use of this quota for retail or Shni SH applications
uned fund in general for batter chance

This business looks so similar to Lawsikho - in the online learning space (one for medicine, other for law), almost identical toplines and growth in last 4 years, but Lawsikho has a better PAT profile and no debt.

However nothing which justifies Lawsikho to come at 220 Cr market cap, and Docmode to come at 24 Cr. Docmode needed a better marketing team, better LM and someone who could juice up the GMP :)

From my prelim skimming of the issue, this company is coming at an absolute steal, especially since Lawsikho may list with 100% premium. Let's hope GMP remains zero here so allotment is possible. Will do deeper research next week.

sir your views on this now??

​@Manan Surana  I'm positive, will apply. But now looks like subscriptions will also be reasonably high so need to take call on capital allocation nearer to 3pm.

Rikhav Securities
#NaamToSunaHoga
#NaamHiKaafiHai
#SpectrumTalentSMEIPO
#DoodhKaJala

At first glance, financials look decent, profit approx doubling every year in 2021-23, return ratios are enticing, no major unusual bump up in H1FY24. Flip side, relatively young company (only 6-7 yrs old), and promoter stake going below 50% post issue, high D/E, low post issue MCap.
Despite all this, Rikhav is the single biggest deal blocker for me. Won't waste my time any further beyond first glance.

how many lots and application bhai , in delaplex?

aaj ki listing dekh kr harman baweja wali compny ki achi listing ho skti h

same LM