The Docmode Health date has been confirmed from January 25, 2024 and closes on January 30, 2024.
Docmode Health Developers IPO is a fixed price issue of Rs 6.71 crores. The price is ₹79 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹126,400. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹252,800.
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Bidding Dates
Jan 25-30
Price Range
₹79 per share
Face Value
₹10 per share
GMP
₹45
Docmode Health IPO GMP
The Docmode Health IPO GMP is ₹45.
IPO Overview
Docmode Health Technologies IPO is a fixed-price offering of Rs 6.71 crore. The issue is wholly new, with 8.5 lakh shares issued. Docmode Health Technologies’ initial public offering (IPO) will be available for subscription on January 25, 2024, and close on January 30, 2024. The allotment for Docmode Health Technologies’ IPO is expected to be completed on Wednesday, January 31, 2024. Docmode Health Technologies’ IPO will be listed on NSE SME with a tentative listing date of Friday, February 2, 2024. Docmode Health Technologies’ IPO price is ₹79/share. The minimum lot size for an application is 1600 shares.
The minimum investment for retail investors is ₹126,400. The minimum investment for HNI is 2 lots (3,200 shares) of ₹252,800. The company also offers a platform for interprofessional, cross-sector learning through panel discussions and courses, and users can use its performance assessment tools to improve their clinical skills in everyday medical practice.
Docmode Health IPO Details
| IPO Date | January 25, 2024 to January 30, 2024 |
| Listing Date | [.] |
| 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 |
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 | ||||
Docmode Health Technologies IPO Timeline
| 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 |
Company Profile
Docmode Health Technologies Limited was established in 2017 and offers integrated learning solutions to healthcare professionals and learners globally using online and offline learning formats. The company’s offline learning modules include conferences and workshops, and the online modules include courses created by the company’s content development team or medical institutions, medical associations (medical professional organisations), and experts/opinion leaders. The company provides 87 certificate programmes and is linked with more than
35 medical societies and colleges worldwide. The list of services includes:
- DocMode LERN
- DocMode SURE
- DocMode KNOW
- DocMode CARE
- DocMode SHOP (previously called STORE)
As of December 31, 2023, the company had 66 employees.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Docmode Health Technologies Limited |
| Phone number | +919920923338 |
| Email ID | legal@docmode.com |
| Website | docmode.org |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
