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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 bidding started from January 25, 2024 and ended on January 30, 2024. The allotment for Docmode Health Technologies IPO was finalized on Wednesday, January 31, 2024. The shares got listed on NSE SME on February 2, 2024.
Docmode Health Technologies IPO price is ₹79 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹126,400. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹252,800.
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.
Refer to Docmode Health Technologies IPO RHP for detailed information.
| 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 IPO offers 849,600 shares. 403,200 (47.46%) to NII, 403,200 (47.46%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 43,200 (5.08%) |
| Other Shares Offered | 403,200 (47.46%) |
| Retail Shares Offered | 403,200 (47.46%) |
| Total Shares Offered | 849,600 (100%) |
Docmode Health Technologies IPO opens on January 25, 2024, and closes on January 30, 2024.
| 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 |
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹126,400 |
| Retail (Max) | 1 | 1600 | ₹126,400 |
| HNI (Min) | 2 | 3,200 | ₹252,800 |
| Lot Size Calculator | |||
Paulson Paul Thazhathedath and Hans Albert Lewis are the promoters of the company.
| Share Holding Pre Issue | 65.02% |
| Share Holding Post Issue | 47.44% |
Docmode Health Technologies Limited was founded in 2017 and provides integrated learning solutions for healthcare professionals and learners worldwide through online and offline learning models.
The company's offline learning modules include conferences and workshops, while the online modules include courses developed by the company's content development team or by medical institutions and medical associations (medical professional organizations) and experts/opinion leaders.
The company also provides a platform for interprofessional, cross-sector learning through panel discussions and courses, and users can utilize its performance assessment tools to improve their clinical acumen in daily medical practice.
The company offers a total of 87 certificate programs and is affiliated with over 35 medical associations and universities around the world. The list of services includes:
As at December 31, 2023, the company had a total of 66 employees.
Docmode Health Technologies Limited's revenue increased by 165.12% and profit after tax (PAT) rose by 111.3% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,764.25 | 1,700.88 | 1,008.36 | 567.26 |
| Revenue | 2,366.70 | 3,297.42 | 1,243.76 | 710.46 |
| Profit After Tax | 136.01 | 194.82 | 92.20 | 55.33 |
| Net Worth | 483.55 | 347.53 | 138.71 | 46.52 |
| Reserves and Surplus | 254.23 | 118.21 | 137.71 | 45.52 |
| Total Borrowing | 811.08 | 847.95 | 483.86 | 105.62 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Docmode Health Technologies IPO is Rs 24.83 Cr.
| 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 |
The company proposes to utilize the Net Proceeds from the issue towards the following objects:
[Dilip Davda] 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, its only for the well-informed investors for parking funds for the medium term. The tiny paid-up equity capital post listing indicates longer gestation period for migration to mainboard. Read detail review...
The Docmode Health Technologies IPO is subscribed 215.24 times on January 30, 2024 7:30:00 PM. The public issue subscribed 230.38 times in the retail category, times in the QIB category, and 194.90 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 194.90 |
| Retail | 230.38 |
| Total | 215.24 |
Total Application : 58,055 (230.38 times)
| Listing Date | February 2, 2024 |
| BSE Script Code | |
| NSE Symbol | DHTL |
| ISIN | INE0OGG01015 |
| Final Issue Price | ₹79 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹79.00 |
| ₹190.25 |
| ₹180.75 |
| ₹199.75 |
| ₹180.75 |
Docmode Health Technologies Limited
201, Kalpataru Plaza,
Rambaug Off Chincholi Bunder Road,
Malad Mumbai - 400064
Phone: +919920923338
Email: legal@docmode.com
Website: https://docmode.org/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Docmode Health Technologies IPO is a SME IPO of 849,600 equity shares of the face value of ₹10 aggregating up to ₹6.71 Crores. The issue is priced at ₹79 per share. The minimum order quantity is 1600 Shares.
The IPO opens on January 25, 2024, and closes on January 30, 2024.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Docmode Health Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Docmode Health Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Docmode Health Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Docmode Health Technologies IPO opens on January 25, 2024 and closes on January 30, 2024.
Docmode Health Technologies IPO lot size is 1600 Shares, and the minimum amount required is ₹126,400.
You can apply in Docmode Health Technologies IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Docmode Health Technologies IPO will be done on Wednesday, January 31, 2024, and the allotted shares will be credited to your demat account by Thursday, February 1, 2024. Check the Docmode Health Technologies IPO allotment status.
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