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16 Nov 2024
Docmode Health Technologies Limited IPO
DocMode is a platform that provides authoritative, comprehensive and interactive learning programs for Health Professionals - Doctors, Nurses, Allied and Medical Students - across the world. This Medical content is created, reviewed and presented by Leading Medical Schools/Universities, Medical Associations and Subject Matter Experts/Key Opinion leaders who are focussed to effectively transfer knowledge, as well as communicate and network with each other through our Continuing Medical Education (CME) programs and Online Courses. Along with learning, DocMode creates an environment where healthcare professionals can interact with the faculty via discussions board attached to each CME and Course as well as take advantage of our performance assessment tools to better their clinical acumen in their daily medical practice.
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 price is ₹79 per share. The minimum lot size for an application is 1600 Shares. 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.
Docmode Health Technologies IPO Overview
| Detail | Description |
|---|---|
| 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 Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| 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 |
Docmode Health Technologies IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹126,400 |
| Retail (Max) | 1 | 1600 | ₹126,400 |
| HNI (Min) | 2 | 3,200 | ₹252,800 |
Docmode Health Technologies IPO Reservation
| 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 Promoter Holding
| Share Holding Pre Issue | 65.02% |
| Share Holding Post Issue | 47.44% |
Company & Financials
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 mainly focuses on providing learning solutions through online models. According to the company, its tech based online learning model allows health care professionals and learners to engage in self-paced inclusive and individualized learning experience without the requirements of a physical classroom present. Its online learning model comprises notes, recorded videos, live conferences, workshops etc. In addition to the learning solutions, the company provides a platform for inter-professional cross-industrial learning via panel discussion and courses as well as take advantage of performance assessment tools to better their clinical acumen in their daily medical practice.
Docmode Health Technologies Limited Financial Information
| 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 | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| 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 |
Objectives of Docmode Health Technologies IPO
The company proposes to utilize the Net Proceeds from the issue towards the following objectives:
- 1. Purchase of IT infrastructure and operating system.
- 2. Meeting incremental working capital requirements.
- 3. General corporate purposes.
Docmode Health Technologies IPO Review
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, it’s only for the well-informed investors for parking funds for the medium term. The tiny paid-up equity capital post listing indicates a longer gestation period for migration to the mainboard.
FAQs for Docmode Health Technologies IPO
-
What is the issue size of Docmode Health Technologies Ltd IPO?
Docmode Health Technologies Ltd IPO, which opens for subscription from 25-Jan-2024 to 29-Jan-2024 has an issue size of ₹6.71 crore. The issue type is book building issue.
-
What are the open and close dates for Docmode Health Technologies Ltd IPO?
Docmode Health Technologies Ltd IPO Opens for subscription from 25-Jan-2024 to 29-Jan-2024.
-
What is the lot size and minimum order quantity of the Docmode Health Technologies Ltd IPO?
The lot size of Docmode Health Technologies Ltd is 1600 shares. Retail investors can subscribe to minimum 1 lot and maximum 1 lots. The minimum and maximum application value is ₹126400 and ₹126400 respectively.
-
What are the allotment dates for the Docmode Health Technologies Ltd IPO?
Allotment date for Docmode Health Technologies Ltd is 31-Jan-2024 and refund of application amount (in case allotment is not received) will begin from 01-Feb-2024. If your allotment goes through, then shares will be credited in your Demat account by 01-Feb-2024
-
Where is the Docmode Health Technologies Ltd IPO getting listed?
The shares of Docmode Health Technologies Ltd are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
Docmode Health Technologies IPO Subscription Status
Category
Subscription (times)
Other
194.90
Retail
230.38
Total
215.24
RHP:
RHP of Docmode Health Technologies Limited IPO
DRHP:
DRHP of Docmode Health Technologies Limited IPO
-
What is the issue size of Docmode Health Technologies Ltd IPO?
Docmode Health Technologies Ltd IPO, which opens for subscription from 25-Jan-2024 to 29-Jan-2024 has an issue size of ₹6.71 crore. The issue type is book building issue.
-
What are the open and close dates for Docmode Health Technologies Ltd IPO?
Docmode Health Technologies Ltd IPO Opens for subscription from 25-Jan-2024 to 29-Jan-2024.
-
What is the lot size and minimum order quantity of the Docmode Health Technologies Ltd IPO?
The lot size of Docmode Health Technologies Ltd is 1600 shares. Retail investors can subscribe to minimum 1 lot and maximum 1 lots. The minimum and maximum application value is ₹126400 and ₹126400 respectively.
-
What are the allotment dates for the Docmode Health Technologies Ltd IPO?
Allotment date for Docmode Health Technologies Ltd is 31-Jan-2024 and refund of application amount (in case allotment is not received) will begin from 01-Feb-2024. If your allotment goes through, then shares will be credited in your Demat account by 01-Feb-2024
-
Where is the Docmode Health Technologies Ltd IPO getting listed?
The shares of Docmode Health Technologies Ltd are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
Docmode Health Technologies IPO Subscription Status
| Category | Subscription (times) |
|---|---|
| Other | 194.90 |
| Retail | 230.38 |
| Total | 215.24 |
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