23-Jan-2024
2 mins read
Docmode Health Technologies Limited IPO SME 2024 open for subscription from Thursday, January 25, 2024 to January 30, 2024 Tuesday. The price is set at Rs 79 per share. The minimum lot size of this application for the retail category is 1600 shares. Whereas, the minimum lot size for HNI category is 2 lots consisting of 3200 shares. The minimum amount of investment required for retail category investors is Rs 1,26,400 (79 x 1600 shares). However for HNI category the minimum investment amount is required Rs 2,52,800 (79 x 3200 shares). Docmode Health Technologies Limited IPO 2024 is a fixed-price issue of Rs 6.71 crore. This issue is entirely fresh issue consists of 8.5 lakh equity shares. The allotment for this IPO is expected to be finalized on Wednesday, January 31, 2024. Docmode Health Technologies IPO will list on NSE SME and listing date fixed on Friday, February 2, 2024. The book running lead manager of Docmode Health Technologies Limited is Fedex Securities Private Limited. The registrar for this IPO is Bigshare Services Private Limited. The market maker for the Docmode Health Technologies IPO is Rikhav Securities.
About Docmode Health Technologies Limited
Docmode Health Technologies aims to create a value based online learning for Healthcare professionals. It provides integrated learning solutions for professionals and learners worldwide through offline and online learning models. Company offline models comprises conferences and workshops. However, their online content is reviewed and presented by the In-house content development team. The team collaborates with medical institutions and medical associations to deliver high quality content. The subject experts are effectively transferring their knowledge through the professional networking platform. Company believes that their tech based online learning allows healthcare professionals and learners to experience the individual learnings without the requirement of a physical classroom. Moreover the company also provides a platform for inter professional cross industrial learnings via panel discussions and courses. The promoters of the Company had a vision of Transforming Learning and practice in the medical field. The management actively tracks the business development and is involved in the critical aspects of the business like strategic planning, product marketing, team management, competitive analysis etc.
Objective of Docmode Health Technologies IPO
The objectives of Docmode Health Technologies IPO is to raise funds for purchasing I.T infrastructure and operating system. Also, the net proceeding will be utilized to meet the working capital requirements. Other than that, General corporate purposes like capital expenditure, acquisitions etc will also meet by net proceedings.
Financial Performance of Docmode Health Technologies Limited
Docmode Health Technologies Limited’s revenue increased by 165.12% and profit after tax also increased by 111.3% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30-Sep-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| 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 | 92.2 | 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 |
| Amt in Lakhs |
Other Important Details of Docmode Health Technologies Limited IPO
| IPO Date | January 25, 2024 to January 30, 2024 |
| Listing Date | February, 2024 |
| Face Value | ₹10 per share |
| Price | ₹79 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 849,600 shares (amounting to Rs 6.71 Cr) |
| Fresh Issue | 849,600 shares (amounting to Rs 6.71 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 2,293,200 |
| Shareholding post issue | 3,142,800 |
| Market Maker portion | 43,200 shares Rikhav Securities |
Lot Size of Docmode Health Technologies Limited IPO
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1600 | Rs 1,26,400 |
| Retail (Max) | 1 | 1600 | Rs 1,26,400 |
| HNI (Min) | 2 | 3,200 | Rs 2,52,800 |
IPO Reservation of Docmode Health Technologies Limited
| Investor Category | Shares Offered |
| Retail Shares Offered | 50% of the net offer |
| Other Shares Offered | 50% of the net offer |
Promoters of Docmode Health Technologies Limited IPO
The promoters of the company are Paulson Paul Thazhathedath and Hans Albert Lewis.
Promoter Holdings of Docmode Health Technologies Limited IPO 2024
| Shareholding Pre Issue | 65.02% |
| Shareholding Post Issue | 47.44% |
Timeline of Docmode Health Technologies Limited IPO 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 |
Key Performance Indicator of Docmode Health Technologies Limited IPO 2024
The market capitalization of Docmode Health Technologies Limited is Rs 24.83 crore.
| 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 |
Lead Manager(s) of Docmode Health Technologies Limited IPO 2024
The lead manager for Docmode Health Technologies Limited IPO is Fedex Securities e Private Limited (Past IPO Performance)
How to Apply for Docmode Health Technologies Limited IPO 2024
Wait for the public issue to open for subscription, then click on this link to apply for the Docmode Health Technologies Limited IPO with Bigul https://ipo.bonanzaonline.com/.
How to Check Allotment Status of Docmode Health Technologies Limited IPO 2024
The registrar for Docmode Health Technologies Limited IPO is Bigshare Services Private Limited. To check your allotment status, please click on this link below https://www.bigshareonline.com/ipo_Allotment.html
FAQs
- What is Docmode Health Technologies Limited IPO 2024?
Docmode Health Technologies Limited IPO 2024 is a fixed-price issue of Rs 6.71 crore. This issue is entirely fresh issue consists of 8.5 lakh equity shares. The allotment for this IPO is expected to be finalized on Wednesday, January 31, 2024.
- Who are the lead managers for the Docmode Health Technologies Limited IPO 2024?
Fedex Securities Private Limited are appointed as the lead managers for the IPO.
- What is the role of Bigshare Services Private Limited in this IPO?
Bigshare Services Private Limited is the registrar for the Docmode Health Technologies Limited handling the IPO’s administrative aspects.
- How can I apply for the Docmode Health Technologies Limited IPO 2024?
The public subscription of this IPO has already begun. Visit Bigul website for the application process.
- How will the net proceeds from the IPO be utilized?
The objectives of Docmode Health Technologies IPO is to raise funds for purchasing I.T infrastructure and operating system. Also, the net proceeding will be utilized to meet the working capital requirements.
- How can I check the allotment status of the IPO?
You can check the allotment status of the Docmode Health Technologies Limited IPO 2024 by visitinghttps://www.bigshareonline.com/ipo_Allotment.html
- What is the financial performance of Docmode Health Technologies Limited?
Docmode Health Technologies Limited’s revenue increased by 165.12% and profit after tax also increased by 111.3% between the financial year ending with March 31, 2023 and March 31, 2022.