Docmode Health Technologies IPO Detail
Docmode Health Technologies Limited was founded in 2017 and provides integrated learning solutions for healthcare professionals and learners worldwide through online and offline learning models.
The company's offline learning modules include conferences and workshops, while the online modules include courses developed by the company's content development team or by medical institutions and medical associations (medical professional organizations) and experts/opinion leaders.
The company also provides a platform for interprofessional, cross-sector learning through panel discussions and courses, and users can utilize its performance assessment tools to improve their clinical acumen in daily medical practice.
The company offers a total of 87 certificate programs and is affiliated with over 35 medical associations and universities around the world. The list of services includes:
- DocMode LERN
- DocMode SURE
- DocMode KNOW
- DocMode CARE
- DocMode SHOP (previously called STORE)
As at December 31, 2023, the company had a total of 66 employees.
Company Promoters
Paulson Paul Thazhathedath and Hans Albert LewisIPO Details
| IPO Opening Date | Jan 25, 2024 |
| IPO Closing Date | Jan 30, 2024 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹79 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | NSE SME |
| Issue Size | ₹6.71 Cr |
| Fresh Issue | ₹6.71 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | - | - | 0.58x | 4.76x | 2.67x |
| Day 2 | 0.00x | - | - | 0.58x | 4.76x | 2.67x |
| Day 3 | 0.00x | - | - | 8.25x | 41.47x | 24.90x |
| Day 4 | 0.00x | - | - | 194.90x | 230.38x | 215.24x |
IPO Tentative Timetable
The Docmode Health Technologies IPO open date is Jan 25, 2024, and the close date is Jan 30, 2024. The issue may list on Feb 02, 2024.
| IPO Open Date | Jan 25, 2024 |
| IPO Close Date | Jan 30, 2024 |
| Basis of Allotment Date | Jan 31, 2024 |
| Initiation of Refunds | Feb 01, 2024 |
| Credit of Shares to Demat Account | Feb 01, 2024 |
| IPO Listing Date | Feb 02, 2024 |
IPO Lot Size
The Docmode Health Technologies IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹126400).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹126400 |
| Maximum | 1 | 1600 | ₹126400 |
IPO Promoter Holding
| Pre Issue Share Holding | 65.02% |
| Post Issue Share Holding | 47.44% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 567.26 | 710.46 | 55.33 |
| 31-Mar-22 | 1008.36 | 1243.76 | 92.20 |
| 31-Mar-23 | 1700.88 | 3297.42 | 194.82 |
| 30-Sep-22 | 1764.25 | 2366.70 | 136.01 |
Objects of the Issue:
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 Registrar:
Bigshare Services Pvt Ltd
Docmode Health Technologies IPO Lead Manager(s):
Fedex Securities Pvt Ltd
Company Contact Information:
Docmode Health Technologies
201, Kalpataru Plaza,
Rambaug Off Chincholi Bunder Road,
Malad Mumbai - 400064
