Docmode Health Technologies IPO Review

 
Docmode Health Technologies IPO Review

IPO Open Date: January 25, 2024

IPO Close Date: January 30, 2024

IPO Price: ₹79 per share

Lot Size: 1600 Shares

Listing: February 2, 2024

Docmode Health Technologies is scheduled to hit the market on January 25, 2024 and close on January 30, 2024. DelaPlex plans to raise around ₹6.71 Cr through an IPO with a sale of up to 849,600 equity shares of ₹10 each. The Retail offered 50%, Others Offered 50%.

Founded in 2017, Docmode Health Technologies Limited delivers comprehensive learning solutions for healthcare professionals globally, employing a blend of online and offline learning methodologies.

Their offline learning modules encompass conferences and workshops, fostering interactive and hands-on educational experiences. On the online front, Docmode offers courses developed by its in-house content development team, medical institutions, and renowned medical associations. These courses often feature insights from esteemed experts and opinion leaders in the healthcare domain.

Docmode Health Technologies


Docmode Health Technologies IPO Details

Docmode Health Technologies IPO opens on Jan 25, 2024, and closes on Jan 30, 2024. The Listing date for Docmode Health Technologies IPO is on Feb 2, 2024. The price band for IPO is ₹6.71 per share and lot size of 1600 Shares.

IPO DateJan 25, 2024 to Jan 30, 2024
Listing DateFeb 02, 2024
Price₹79 per share
Lot Size1600 Shares
Issue Size₹6.71 Cr
Face Value₹10 per share

Docmode Health Technologies IPO Tentative Timetable

Docmode Health Technologies opening date is January 25, 2024 and close date is January 30, 2024. The IPO allotment date is January 31, 2024. The refund initiation of IPO is on February 01, 2024. The credit of shares in demat account is on February 01, 2024. The listing date is on February 02, 2024.

EventDate
IPO OpeningJan 25, 2024
IPO ClosingJan 30, 2024
IPO Allotment DateJan 31, 2024
Refund InitiationFeb 01, 2024
Shares Credit to DematFeb 01, 2024
Lisiting DateFeb 2, 2024

Docmode Health Technologies IPO Lot Size

Lot Size of this IPO is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹126,400).

CategoryLotsSharesAmount
Retail(Minimum)11600₹126,400
Retail(Maximum)11600₹126,400
HNI (Minimum)23200₹252,800

Docmode Health Technologies IPO Promoter Holding

Pre Issue Share Holding65.02%
Post Issue Share Holding47.44%

Docmode Health Technologies IPO Review

Docmode Health Technologies Ltd. (DHTL) is set to debut on the stock market with its fixed-price IPO, aiming to mobilize Rs. 6.71 crores through the issuance of 849,600 equity shares at Rs. 79 per share. The company operates in the healthcare learning sector, offering integrated solutions to professionals through online and offline models. Despite the declining bottom line and margins over the reported periods, the IPO appears reasonably priced based on FY24 annualized earnings. The company's focus on self-paced online learning and networking opportunities for healthcare professionals distinguishes its business model.

The financial snapshot reveals total revenue/net profit of Rs. 7.10 cr. / Rs. 0.55 cr. (FY21), Rs. 12.44 cr. / Rs. 0.92 cr. (FY22), and Rs. 32.97 cr. / Rs. 1.95 cr. (FY23). While the declining margins raise concerns about profitability, the use of IPO proceeds for IT infrastructure, working capital, and general corporate purposes indicates strategic allocation. The lack of listed peers for direct comparison adds complexity, and the track record of the lead manager, Fedex Securities Pvt. Ltd., reflects a mix of premium and discount openings in recent mandates.

Investors considering participation should conduct a comprehensive review to assess competitive positioning, growth strategies, and risk factors. The unique business model in the healthcare learning sector and the company's future prospects warrant a closer examination. The small post-IPO equity suggests a longer gestation period for migration to the mainboard. Overall, well-informed investors with a medium-term horizon may find merit in parking funds in this IPO.

Docmode Health Technologies IPO Subscription Status (Bidding Details)

Table not found

Docmode Health Technologies IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Docmode Health Technologies IPO FAQs

What is Docmode Health Technologies IPO?

Docmode Health Technologies is issuing 849,600 equity shares with a face value of ₹10 each, totaling up to ₹6.71 Cr. The shares are being offered at a price of ₹79 each, with a minimum order quantity of 1600 shares.

Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Docmode Health Technologies IPO will open?

Docmode Health Technologies will open on January 25, 2024 for QIB, NII, and Retail Investors.

When Docmode Health Technologies IPO will end?

Docmode Health Technologies will end on January 30, 2024.

What is Docmode Health Technologies IPO Size?

Docmode Health Technologies IPO size is ₹6.71 Cr.

What is Docmode Health Technologies IPO Price Band?

Docmode Health Technologies price band is ₹79 per share.

What is the Docmode Health Technologies IPO Allotment Date?

Docmode Health Technologies allotment date is January 31, 2024.

What is the Docmode Health Technologies IPO Listing Date?

Docmode Health Technologies listing date is February 02, 2024. The IPO is to be listed on BSE and NSE.

How to Docmode Health Technologies IPO through Zerodha?

To apply for the IPO “Docmode Health Technologies” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Docmode Health Technologies IPO through Upstox?

To apply for the IPO “Docmode Health Technologies” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Docmode Health Technologies IPO Allotment Status?

For Docmode Health Technologies IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Docmode Health Technologies IPO GMP?

You can check out here: Docmode Health Technologies IPO GMP

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