Alpex Solar IPO vs Docmode Health Technologies IPO

Comparison between Alpex Solar IPO and Docmode Health Technologies IPO.

IPO Details

Alpex Solar IPO is a SME Fixed Price IPO proposed to list at NSE SME while Docmode Health Technologies IPO is a SME Fixed Price proposed to list at NSE SME.

Issue Size and Price

The total issue size of Alpex Solar IPO is up to ₹70.79 Cr whereas the issue size of the Docmode Health Technologies IPO is up to ₹6.37 Cr. The final issue price of Alpex Solar IPO is ₹115.00 per share and of Docmode Health Technologies IPO is ₹79.00 per share.

 Alpex Solar IPODocmode Health Technologies IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹109.00 per share
Issue Price (Upper)₹115.00 per share
Issue Price (Final)₹115.00 per share₹79.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares1600 shares
Fresh Issue Size61,56,000 shares8,06,400 shares
Fresh Issue Size (Amount)up to ₹70.79 Crup to ₹6.37 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total61,56,000 shares8,06,400 shares
Issue Size Total (Amount)up to ₹70.79 Crup to ₹6.37 Cr

IPO Timetable

Alpex Solar IPO opens on Feb 08, 2024, while Docmode Health Technologies IPO opens on Jan 25, 2024. The closing date of Alpex Solar IPO and Docmode Health Technologies IPO is Feb 12, 2024, and Jan 30, 2024, respectively.

 Alpex Solar IPODocmode Health Technologies IPO
Anchor Bid DateFeb 07, 2024
Issue OpenFeb 08, 2024Jan 25, 2024
Issue CloseFeb 12, 2024Jan 30, 2024
Basis Of Allotment (Tentative)Feb 13, 2024Jan 31, 2024
Initiation of Refunds (Tentative)Feb 14, 2024Feb 01, 2024
Credit of Share (Tentative)Feb 14, 2024Feb 01, 2024
Listing date (Tentative)Feb 15, 2024Feb 02, 2024
Anchor Lockin End date 1Mar 14, 2024
Anchor Lockin End date 2May 13, 2024

Financials & KPIs

Alpex Solar IPO P/E ratio is 54.66, as compared to Docmode Health Technologies IPO P/E ratio of 9.3.

 Alpex Solar IPODocmode Health Technologies IPO
Financials

Company Financials (Restated Consolidated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets141.88125.60100.0499.35
Total Income213.11195.92168.54149.73
Profit After Tax7.613.790.193.15
NET Worth49.0741.4637.6837.48
Reserves and Surplus43.0735.4731.6831.49
Total Borrowing41.7547.3626.7029.93
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets17.6417.0110.085.67
Total Income23.6732.9712.447.10
Profit After Tax1.361.950.920.55
NET Worth4.843.481.390.47
Reserves and Surplus2.541.181.380.46
Total Borrowing8.118.484.841.06
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)93.5365.02
Promoter Shareholding (Post-Issue)68.7647.44
P/E Ratio54.669.3
Market Cap₹281.44 Cr.₹24.83 Cr.
ROE9.55%80.03%
ROCE18.81%22.46%
Debt/Equity1.142.44
EPS₹2.10₹8.50
RoNW9.55%56.06%

Shares Offered

In the Alpex Solar IPO Retail Individual Investors (RII) are offered 21,55,200 shares while in Docmode Health Technologies IPO retail investors are offered 21,55,200 shares. Qualified Institutional Buyers (QIB) are offered 12,31,200 shares in Alpex Solar IPO and in Docmode Health Technologies IPO.

 Alpex Solar IPODocmode Health Technologies IPO
Anchor Investor Reservation18,45,600 shares
Market Maker Reservation3,24,000 shares43,200 shares
QIB12,31,200 shares
NII9,24,000 shares4,03,200 shares
RII21,55,200 shares4,03,200 shares
Employee
Others
Total61,56,000 shares8,06,400 shares

Bids Received (Subscription)

Alpex Solar IPO subscribed 324.03x in total, whereas Docmode Health Technologies IPO subscribed 215.24x.

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