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Docmode Health Technologies IPO vs Megatherm Induction IPO

Comparison between Docmode Health Technologies IPO and Megatherm Induction IPO.

IPO Details

Docmode Health Technologies IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Megatherm Induction IPO is a SME Bookbuilding proposed to list at NSE SME.

 Docmode Health Technologies IPOMegatherm Induction IPO
LogoDocmode Health Technologies IPO LogoMegatherm Induction IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersFedex Securities Pvt.Ltd.Hem Securities Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerRikhav Securities Ltd.Hem Finlease Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Docmode Health Technologies IPO is up to ₹6.37 Cr whereas the issue size of the Megatherm Induction IPO is up to ₹51.20 Cr. The final issue price of Docmode Health Technologies IPO is ₹79.00 per share and of Megatherm Induction IPO is ₹108.00 per share.

 Docmode Health Technologies IPOMegatherm Induction IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹100.00 per share
Issue Price (Upper)₹108.00 per share
Issue Price (Final)₹79.00 per share₹108.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares1200 shares
Fresh Issue Size8,06,400 shares47,41,200 shares
Fresh Issue Size (Amount)up to ₹6.37 Crup to ₹51.20 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total8,06,400 shares47,41,200 shares
Issue Size Total (Amount)up to ₹6.37 Crup to ₹51.20 Cr

IPO Timetable

Docmode Health Technologies IPO opens on Jan 25, 2024, while Megatherm Induction IPO opens on Jan 29, 2024. The closing date of Docmode Health Technologies IPO and Megatherm Induction IPO is Jan 30, 2024, and Jan 31, 2024, respectively.

 Docmode Health Technologies IPOMegatherm Induction IPO
Anchor Bid DateJan 25, 2024
Issue OpenJan 25, 2024Jan 29, 2024
Issue CloseJan 30, 2024Jan 31, 2024
Basis Of Allotment (Tentative)Jan 31, 2024Feb 01, 2024
Initiation of Refunds (Tentative)Feb 01, 2024Feb 02, 2024
Credit of Share (Tentative)Feb 01, 2024Feb 02, 2024
Listing date (Tentative)Feb 02, 2024Feb 05, 2024
Anchor Lockin End date 1Mar 02, 2024
Anchor Lockin End date 2May 01, 2024

Financials & KPIs

Docmode Health Technologies IPO P/E ratio is 9.3, as compared to Megatherm Induction IPO P/E ratio of 10.68.

 Docmode Health Technologies IPOMegatherm Induction IPO
Financials

Docmode Health Technologies Limited Financial Information (Restated Consolidated)

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 Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,764.251,700.881,008.36567.26
Total Income2,366.703,297.421,243.76710.46
Profit After Tax136.01194.8292.2055.33
Net Worth483.55347.53138.7146.52
Reserves and Surplus254.23118.21137.7145.52
Total Borrowing811.08847.95483.86105.62
Amount in ₹ Lakhs

Megatherm Induction Limited Financial Information (Restated)

Megatherm Induction Limited's revenue increased by 41.37% and profit after tax (PAT) rose by 1171.94% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets21,040.2819,197.8717,262.7614,645.06
Total Income14,732.3126,643.8418,846.9210,927.03
Profit After Tax759.341,400.41110.10309.12
Net Worth5,821.985,062.643,662.233,512.13
Reserves and Surplus4,437.114,139.392,738.982,598.88
Total Borrowing4,480.464,282.044,038.804,327.04
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)65.0298.92
Promoter Shareholding (Post-Issue)47.4472.71
P/E Ratio9.310.68
Market Cap₹24.83 Cr.₹203.48 Cr.
ROE80.03%27.66%
ROCE22.46%27.47%
Debt/Equity2.441.67
EPS₹8.50₹10.11
RoNW56.06%27.66%

Shares Offered

In the Docmode Health Technologies IPO Retail Individual Investors (RII) are offered 4,03,200 shares while in Megatherm Induction IPO retail investors are offered 4,03,200 shares. Qualified Institutional Buyers (QIB) are offered in Docmode Health Technologies IPO and 9,48,000 shares in Megatherm Induction IPO.

 Docmode Health Technologies IPOMegatherm Induction IPO
Anchor Investor Reserveration14,22,000 shares
Market Maker Reserveration43,200 shares2,50,800 shares
QIB9,48,000 shares
NII4,03,200 shares7,11,600 shares
RII4,03,200 shares16,59,600 shares
Employee
Others
Total8,06,400 shares47,41,200 shares

Bids Received (Subscription)

Docmode Health Technologies IPO subscribed 215.24x in total, whereas Megatherm Induction IPO subscribed 196.11x.

 Docmode Health Technologies IPOMegatherm Induction IPO
QIB (times)105.14x
NII (times)194.90x307.04x
Big NII (times)
Small NII (times)
RII (times)230.38x200.51x
Employee (times)
Other (times)
Total (times)215.24x196.11x