February 2, 2024
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Docmode Health Technologies IPO Watch, Guidance & Subscription Status at Chanakyanipothi.com,
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Docmode Health Technologies IPO Post Listing Review :
Listed at Rs. 190.25, at premium of 140.82% over the issue price of Rs. 79. The listing has been much above the expectations of the grey market.
Docmode Health Technologies IPO Subscription
On 30 January 2024 5.00 am (Day 3) (Closed)
Review: Subscription trend improved sharply.
NII: 403200 Shares 194.90 T
RII: 403200 Shares 230.38 T
Total: 760000 Shares 215.24 T
What is the business of Docmode Health Technologies?
Docmode Health Technologies is engaged in the business of offering integrated learning solutions through online and offline learning model to health care professionals and learners across the world, spanning the education value chain. Its offline learning model comprises of conferences and workshops. Its online courses content is reviewed and presented by its dedicated in-house content development team or by medical institution and medical associations (medical professional bodies) and subject matter experts/key opinion leaders who are focused to effectively transfer knowledge, as well as communicate and network with each other through its learning and professional networking platform.
The Company mainly focus on providing learning solutions through online model. It believe that 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 physical classroom present. Its online learning model comprises notes, recorded videos, live conferences, workshops etc. In addition to the learning solutions, it provides a platform for inter-professional cross industrial learning via panel
discussion and courses as well as take advantage of our performance assessment tools to better their clinical acumen in their daily medical practice. The Company is registered ISO 27001:2013 for Information Security Management System and have also received a ready status from Skill India
Get more information about the company @ https://docmode.org/
| Docmode Health Technologies IPO Details | |
| IPO opens on | 25 January 2024 |
| IPO closes on | 30 January 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 849600 Sh /Rs 6.71 Cr |
| * Fresh Issue | 849600 Sh /Rs 6.71 Cr |
| * Offer for Sale | – Sh /Rs.- Cr |
| Market Maker Portion | 43200 Sh. |
| Net offer to Public | 806400 Sh./Rs.6.38 Cr |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 79 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1600 Shares |
| Listing will at | NSE SME |
| Shares offered in Docmode Health Technologies IPO | ||
| Shares | Rs. (Cr) | |
| QIB (-%) | – | – |
| NII (50%) | 403200 | 3.19 |
| RII (50%) | 403200 | 3.19 |
| Total Shares | 806400 | 6.38 |
| Retail portion will be oversubscribed by | 252 | |
| Forms | ||
| How much Shares to Apply in Docmode Health Technologies IPO? | ||
| Min Retail Application | 1600 Sh | Rs. 126400 |
| Min HNI Application | 3200 Sh | Rs.252800 |
Who are the Promoters of Docmode Health Technologies IPO?
Paulson Paul Thazhathedath and Hans Albert Lewis are the promoters of the company.
What are the Objects of Docmode Health Technologies IPO?
The Offer comprises of a Fresh Issue Shares
The company proposes to utilize the Net Proceeds from the issue towards the following objects:
Purchase of IT infrastructure and operating system
Meeting incremental working capital requirements; and
General corporate purposes.
| Docmode Health Technologies IPO Tentative timetable | |
| IPO opens on | 25 January 2023 |
| IPO Closes on | 30 January 2024 |
| IPO Allotment on | 31 January 2024 |
| Refund Initiation | 01 February 2024 |
| Credit of Shares | 01 February 2024 |
| Listing on | 02 February 2024 |
| Registered Office of the Company Docmode Health Technologies Limited 201, Kalpataru Plaza, Rambaug Off Chincholi Bunder Road, Malad Mumbai – 400064 |
| Who is the Lead Manager of Docmode Health Technologies IPO? Fedex Securities Pvt Ltd |
| Who is the Registrar to IPO? Bigshare Services Pvt Ltd |
| Docmode Health Technologies IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 7.10 | 0.55 | 3.15 | 119 |
| 2021-22 | 12.44 | 0.92 | 5.24 | 66 |
| 2022-23 | 32.97 | 1.95 | 9.13 | 56 |
| Book Value of the Share on | 31.03.2023 | Rs 16.29 | ||
| BV of the Share at cap price | after the IPO | Rs. ? | ||
| Offer Price/upper band | Rs. 79 | |||
| Docmode Health Technologies IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | 9.13 |
| Price/BV Ratio | 4.94 |
| Upper price/BV after IPO | |
How Docmode Health Technologies IPO compares with the Peers?
There are no listed companies in India that engage in a business similar to that of this Company.
Accordingly, it is not possible to provide a comparison of key performance indicators of industry with this Company.
| As on date of RHP | FV | Total | PE |
| Rs. | Income In Cr | Ratio of | |
| – | – | – | |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Docmode Health Technologies IPO To the point Guidance
Euphoria Infotech (India) Limited is engaged in the business of offering integrated learning solutions through online and offline learning model to health care professionals and learners across the world, spanning the education value chain.
Size: Being a SME IPO, the size of the IPO (Rs 6.71 Cr) is very small, as per the recent trend. With 252 applications, retail portion will get one time subscribed. So, considering, the hunger of the investors, IPO may get oversubscribed easily.
Financial Snapshot: The company has shown sharp rise in the topline and the bottomline in the two years just prior to the IPO. The sudden boost in bottom lines for the last 24 months’ performance raises concern over its sustainability. The small equity capital post-IPO indicates longer gestation period for migration to mainboard. To give benefit of doubt, if in the future, the company can sustain the performance of FY 23, then the offer-price is reasonable.
Conclusion?? Track-record of the lead manager is good. Considering very small size, the Oversubscription is possible. However, such business is difficult to sustain the longer run. Hence We donot consider this IPO quite attractive. May Avoid.
Quicklinks
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Docmode Health Technologies IPO
Docmode Health Technologies IPO FAQs
What is Docmode Health Technologies IPO?
Docmode Health Technologies IPO is a SME IPO of 849600 equity shares of the face value of Rs. 10 aggregating up to Rs.6.71 Crores. The issue is priced at Rs.79 per share. The minimum order quantity is 1600 Shares.
When Docmode Health Technologies IPO will open?
Docmode Health Technologies IPO opens on January 25, 2024, and closes on January 30, 2024.
What is the lot size of Docmode Health Technologies IPO?
Docmode Health Technologies IPO lot size is 1600 Shares, and the minimum amount required is Rs.126400.
How to apply for Docmode Health Technologies IPO?
You can apply in Docmode Health Technologies IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Docmode Health Technologies IPO allotment?
The finalization of Basis of Allotment for Docmode Health Technologies IPO will be done on January 31, 2024, and the allotted shares will be credited to your demat account by February 1, 2024.
When is Docmode Health Technologies IPO listing date?
Docmode Health Technologies IPO listing date is not yet announced. The tentative date of Euphoria Infotech India IPO listing is February 2, 2024.
