What you must know about Docmode Health Technologies IPO?
by 5paisa Research Team
23 Jan 2024
Listing Details
- Listing Exchange NSE SME
- Listing Date 02-Feb-24
- IPO Price Range ₹ 79
- Listing Price ₹ 190.25
- Listing Change 140.8%
- Last Traded Price ₹ 209.95
- Current Change 165.8%
Docmode IPO Details
- Open Date 25-Jan-24
- Close Date 30-Jan-24
- Lot Size 1600
- IPO Size ₹ 6.71 Cr
- IPO Price Range ₹ 79
- Min Investment ₹ 126400
- Listing Exchange NSE SME
- Basis of Allotment 31-Jan-24
- Refunds 01-Feb-24
- Credit to Demat Account 01-Feb-24
- Listing Date 02-Feb-24
Docmode Health Technologies IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 25-Jan-24 | - | 0.60 | 4.95 | 2.78 |
| 29-Jan-24 | - | 8.27 | 42.04 | 25.19 |
| 30-Jan-24 | - | 194.90 | 230.38 | 215.24 |
Docmode IPO Synopsis
Docmode Health Technologies Limited IPO is all set to open from 25th January to 30th January 2024. The company is engaged in the business of providing integrated learning solutions. The IPO includes a fresh issue of 849,600 shares worth ₹6.71 cr. The share allotment date is 31st January 2024, and the IPO will be listed on 2nd February 2024 on the stock exchanges. The price is ₹79 and the lot size is 1600 shares.
Fedex Securities Private Limited is the book-running lead manager for this IPO, while Bigshare Services Private Limited is the registrar.
Objectives of Docmode Health IPO:
Docmode Health Technologies Limited plans to utilize the raised capital from the IPO to:
● To meet working capital requirements.
● To meet expenses related to IT infrastructure and operating systems.
● General corporate purposes.
About Docmode Health Technologies
Docmode Health Technologies Limited is engaged in the business of providing integrated learning solutions via offline and online learning models. The company’s courses are offered to healthcare professionals and learners globally. In the offline mode of education, the company conducts conferences and workshops. Its online mode includes notes, recorded videos, live conferences, workshops etc.
Docmode Health Technologies’ courses are curated and presented by its in-house content team/medical institution and medical associations (medical professional bodies) and subject matter experts/key opinion leaders.
The company has an ISO 27001:2013 certification for Information Security Management Systems and also has a ready status awarded by Skill India.
Peer Comparison
No listed peers.
For More Information:
Webstory on Docmode Health IPO
Docmode Health Technologies Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 32.87 | 12.42 | 7.10 |
| EBITDA | 3.74 | 1.88 | 0.87 |
| PAT | 1.95 | 0.92 | 0.55 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 17.00 | 10.08 | 5.67 |
| Share Capital | 2.29 | 0.01 | 0.01 |
| Total Borrowings | 13.53 | 8.69 | 5.21 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -0.83 | -2.05 | -0.49 |
| Net cash from / (used in) investing activities | -1.57 | -1.52 | -0.13 |
| Net cash flow from / (used in) financing activities | 2.65 | 3.41 | 0.84 |
| Net increase (decrease) in cash and cash equivalents | 0.25 | -0.17 | 0.21 |
Docmode IPO Key Points
-
Strengths
1. The company’s business model is technology-driven, asset-light, and scalable.
2. The company has a network of doctors in varied specialists that help in growth.
3. It has years of experience in the education business and professionally qualified human capital.
4. It offers a wide range of learning solutions through our online courses.
5. The company continuously adds courses based on the trends. -
Risks
1. The business is dependent on relationships with healthcare professionals.
2. It is subject to regulatory requirements.
3. Operates in a competitive industry.
4. Its subsidiary has incurred losses in the past.
5. High working capital requirements.
6. Reported negative cash flows in the past.
Docmode
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Docmode IPO FAQs
When does the Docmode Health Technologies IPO opens and closes?
Docmode Health Technologies IPO opens from 25th January to 30th January 2024.
What is the size of the Docmode Health Technologies IPO?
The size of Docmode IPO is ₹6.71 cr.
How to apply for the Docmode Health Technologies IPO?
To apply for Docmode IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Docmode Health Technologies Limited IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the GMP of the Docmode Health Technologies IPO?
The GMP value of every IPO changes daily. To view today's GMP of Docmode Health Technologies IPO visit https://www.5paisa.com/ipo/ipo-gmp
What is the price band of Docmode IPO?
The price band of Docmode IPO is fixed at ₹79 per share.
What is the minimum lot size and investment required for the Docmode Health Technologies IPO?
The minimum lot size of Docmode IPO is 1600 shares and the investment required is ₹1,26,400.
What is the allotment date of the Docmode Health Technologies IPO?
The share allotment date of Docmode IPO is 31st January 2024.
What is the Docmode Health Technologies IPO listing date?
The Docmode IPO will be listed on 2nd February 2024.
Who are the book runners for the Docmode Health Technologies IPO?
Fedex Securities Private Limited is the book-running lead manager for Docmode IPO.
What is the objective of the Docmode IPO?
Docmode Health Technologies Limited plans to utilize the raised capital from the IPO to:
1. To meet working capital requirements.
2. To meet expenses related to IT infrastructure and operating systems.
3. General corporate purposes.
Contact Details of Docmode Health Technologies IPO
Contact Information
Docmode Health Technologies Limited
201, Kalpataru Plaza,
Rambaug Off Chincholi Bunder Road,
Malad Mumbai - 400064
Phone: +919920923338
Email: legal@docmode.com
Website: https://docmode.org/
Docmode Health Technologies IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Docmode Health Technologies IPO Lead Manager
Fedex Securities Pvt Ltd.
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