Fixed Price IPO | ₹7 Cr | Listed at NSE SME | Thu, Jan 25, 2024 - Tue, Jan 30, 2024
Docmode Health Technologies IPO is a fixed price issue of ₹6.71 crores. The issue is entirely a fresh issue of 0.08 crore shares of ₹6.71 crore.
Docmode Health Technologies IPO bidding started from Jan 25, 2024 and ended on Jan 30, 2024. The allotment for Docmode Health Technologies IPO was finalized on Jan 31, 2024. The shares got listed on NSE SME on Feb 2, 2024.
Docmode Health Technologies IPO price is ₹79 per share. The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹1,26,400 (1600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (3,200 shares), amounting to ₹2,52,800.
Fedex Securities Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Rikhav Securities Ltd..
Refer to Docmode Health Technologies IPO RHP for detailed Information.
IPO Open
Thu, Jan 25, 2024
IPO Close
Tue, Jan 30, 2024
Issue Price
₹79 per share
Market Cap (Pre-IPO)
₹24.83 Cr
| IPO Date | 25 to 30 Jan, 2024 |
| Listed on | Fri, Feb 2, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹79 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 8,49,600 shares (agg. up to ₹7 Cr) |
| Reserved for Market Maker | 43,200 shares Rikhav Securities Ltd. (agg. up to ₹0.3413 Cr) |
| Fresh Issue (Ex Market Maker) | 8,06,400 shares (agg. up to ₹6 Cr) |
| Net Offered to Public | 8,06,400 shares (agg. up to ₹6 Cr) |
| Share Holding Pre Issue | 22,93,200 shares |
| Share Holding Post Issue | 31,42,800 shares |
| NSE Symbol | DHTL |
| ISIN | INE0OGG01015 |
Docmode Health Technologies IPO comprises a total issue size of 8,49,600 shares. The net offer to the public is 8,06,400 shares, after excluding 43,200 shares allotted on a firm basis. Of the Net offer 4,03,200 (50.00%) allocated to NII 4,03,200 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 4,03,200 | 50.00% | 47.46% |
| Retail Shares Offered | 4,03,200 | 50.00% | 47.46% |
| Firm Reservations | |||
| Market Maker Shares Offered | 43,200 | 5.08% | |
| Total Shares Offered | 8,49,600 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,26,400 |
| Retail (Max) | 1 | 1,600 | ₹1,26,400 |
| HNI (Min) | 2 | 3,200 | ₹2,52,800 |
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.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 17.64 | 17.01 | 10.08 | 5.67 |
| Total Income | 23.67 | 32.97 | 12.44 | 7.10 |
| Profit After Tax | 1.36 | 1.95 | 0.92 | 0.55 |
| NET Worth | 4.84 | 3.48 | 1.39 | 0.47 |
| Reserves and Surplus | 2.54 | 1.18 | 1.38 | 0.46 |
| Total Borrowing | 8.11 | 8.48 | 4.84 | 1.06 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Purchase of IT infrastructure and operating system | 3.03 |
| 2 | Meeting incremental working capital requirements | 2.00 |
| 3 | General corporate purposes | 1.03 |
| KPI | |
|---|---|
| ROE | 80.03% |
| ROCE | 22.46% |
| Debt/Equity | 2.44 |
| RoNW | 56.06% |
| PAT Margin | 5.93% |
| Price to Book Value | 4.85 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 8.50 | 8.66 |
| P/E (x) | 9.3 | 9.13 |
| Promoter Holding | 65.02% | 47.44% |
| Market Cap | ₹24.83 Cr. |
The Docmode Health Technologies IPO is subscribed 215.24 times on January 30, 2024 7:30:00 PM (Day 3). The public issue subscribed 230.38 times in the retail category, [.] times in the QIB category, and 194.9 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 194.9 | 4,03,200 | 7,85,85,600 |
| Retail | 230.38 | 4,03,200 | 9,28,88,000 |
| Total | 215.24 | 8,06,400 | 17,35,71,200 |
Total Application : 58,055
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to Registrar, Legal and Other Advisory Services, Advertising and marketing Expenses, Printing and Distribution of issue stationery, Brokerage, Selling, Commission and upload fees | 0.20 |
| 2 | Regulators including Stock Exchange | 0.12 |
| 3 | Printing and Distribution of issue stationery | 0.06 |
| 4 | Others, if any (including Underwriting Commission, Market making, advisory fees, depositories, marketing fees etc.) | 0.15 |
| 5 | Lead Manager Fees | 0.12 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹79.00 |
| Open | ₹190.25 |
| Low | ₹180.75 |
| High | ₹199.75 |
| Last Trade | ₹180.75 |
Lead Manager Reports
Docmode Health Technologies IPO is a SME IPO of 8,49,600 equity shares of the face value of ₹10 aggregating up to ₹7 Crores. The issue is priced at ₹79 per share. The minimum order quantity is 1600.
The IPO opens on Thu, Jan 25, 2024, and closes on Tue, Jan 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 Thu, Jan 25, 2024 and closes on Tue, Jan 30, 2024.
Docmode Health Technologies IPO lot size is 1600, and the minimum amount required for application is ₹1,26,400.
You can apply in Docmode Health Technologies IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Thu, Feb 1, 2024. Check the Docmode Health Technologies IPO allotment status.
The Docmode Health Technologies IPO listing date is on Fri, Feb 2, 2024.
