Docmode Health Technologies, incorporated on July 17, 2017, is engaged in offering integrated learning solutions through online and offline models to healthcare professionals and learners worldwide, spanning the education value chain.
| Bidding Dates |
|---|
| 25 Jan 2024 - 30 Jan 2024 |
| Subscription |
|---|
| 201.88x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,26,400 | 1 | 1 | 1600 | 849.6 K | ₹79 | 47.44 % | ₹67.1 M | RHP DOC |
DocMode Health IPO SUBSCRIPTION STATUS
30 Jan '24DocMode Health IPO overall subscription rate was 201.88 times the total available shares
DocMode Health IPO retail subscription rate was 218.66 times in the retail segment
DocMode Health IPO non-institutional investor subscription rate was 185.1 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
30 Jan 2024 (Day 3) | 218.66x | 185.1x | - |
29 Jan 2024 (Day 2) | 38.68x | 7.89x | - |
25 Jan 2024 (Day 1) | 4.35x | 0.55x | - |
DocMode Health FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY24 | 13.6 | 236.0 | 26.8 | 26.8 | 11.5% |
| FY23 | 19.5 | 328.8 | -8.3 | -24.3 | 11.4% |
| FY22 | 9.2 | 124.2 | -20.5 | -24.2 | 15.2% |
| FY21 | 5.5 | 71.0 | -5.0 | -5.4 | 12.2% |
DocMode Health IPO SUBSCRIPTION STATUS DETAILS
DocMode Health had 849.6 K shares on offer
DocMode Health IPO offer price was ₹79
DocMode Health IPO minimum Investment was ₹126400
DocMode Health IPO issue size was ₹ 67.1 M
DocMode Health had a minimum lot size of 1600 Shares per application
DocMode Health NUMBER OF SHARES ON OFFER
DocMode Health IPO IMPORTANT DATES
| Issue Open Date | 25 Jan 2024 |
| Issue close Date | 30 Jan 2024 |
| Allotment Date | 31 Jan 2024 |
| Refund Date | 01 Feb 2024 |
| Demat Account Credit Date | 01 Feb 2024 |
| Listing Date | 02 Feb 2024 |
| Listing on Exchange(s) | NSE |
| DocMode Health Allotment Status | Exchange |
DocMode Health IPO subscription opened on 25 Jan 2024, and closed on 30 Jan 2024
IPO allotment for DocMode Health was finalized on Wednesday, 31 Jan 2024
IPO listing for DocMode Health was on NSE on Friday, 02 Feb 2024
DocMode Health IPO LISTING GAINS
| Issue Price (adjusted) | 79.0 |
| Listing Open Price | 190.3 |
| Listing Close Price | 180.8 |
| Listing Gain% | 140.8% |
| Current Gain% | -57.1% |
DocMode Health Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DocMode Health Technologies Ltd. | 33.8 | 10.6 | -5.2 | 0 | 0.2 | -24.3 | -5.2 | 42.7 | 6.4 | -2 | -1180.2 | -6.4 | -1180.2 |
| Physicswallah Ltd. | 131.6 | 38172.8 | -1697.3 | -18.9 | 9.8 | -0.5 | -0.3 | 4131 | 35.9 | -22.5 | 89.6 | -0.1 | 89.6 |
| NIIT Learning Systems Ltd. | 242.8 | 3350.6 | 13.1 | 0.7 | 1.6 | 16 | 8.1 | 1987.9 | 17.1 | 247.7 | 8.9 | 18.5 | 18 |
| Crizac Ltd. | 188 | 3289.3 | 14.9 | 0.4 | 3.2 | 37.5 | 25 | 1071.1 | 21.1 | 219.1 | 43.3 | 12.6 | 40.2 |
| Shanti Educational Initiatives Ltd. | 202.3 | 3259 | 553.1 | -33.4 | 58.6 | 7.7 | 5.8 | 59.4 | -5.9 | 5.9 | -16.6 | 0.4 | -16.6 |
| Mobavenue AI Tech Ltd. | 304 | 2280.4 | 92.4 | 0 | 12.8 | 32.4 | 14.3 | 220.2 | 4576 | 29.3 | 3706.7 | 3.3 | 2384.1 |
DocMode Health INFORMATION ON IPO ISSUE
About DocMode Health
Docmode Health Technologies, incorporated on July 17, 2017, is engaged in offering integrated learning solutions through online and offline models to healthcare professionals and learners worldwide, spanning the education value chain.
Object of the Issue
- Purchase of IT infrastructure and operating system
- Meeting incremental working capital requirements
- General corporate purposes
DocMode Health - PROMOTERS
| Name |
|---|
| Paulson Paul Thazhathedath |
| Hans Albert Lewis |
DocMode Health Lead Manager to the Issue
Fedex Securities Private Limited
mb@fedsec.in
DocMode Health Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
DocMode Health Strengths
Business model
The company's business model capitalises on growing technologies and utilises up-to-date technology to deliver digital courses. It has a repository of digital content, study materials, and test series, which it plans to scale up rapidly
Strong network effects
The company has a network of doctors in various specialties, ranging from general practitioners to consultants and super-specialists. Its ecosystem connects healthcare professionals, patients, medical learners, and others, creating a strong network that enables growth in the business
Diversified products
The company offers a wide range of learning solutions through its online courses, including CME courses, live lecture series, updates on the latest guidelines and research in every therapy, and workshops in association with medical institutions, medical associations, and subject matter experts/key opinion leaders. Its services provide a competitive edge over other players who are more focused on specific courses
DocMode Health Risks
Strong competition
The company faces strong competition in the business of providing professional medical learning. This competition could decrease market share and compel the company to reduce course fees or offer higher discounts. Such changes may have a material adverse impact on the business
Unsecured loans
The company has taken unsecured loans that may be recalled by the lenders at any time, and it may not have adequate working capital to make timely payments, if at all
Legal proceedings
The company, its directors, and promoter are involved in legal proceedings. Any adverse outcome in these proceedings may negatively impact the business, financial condition, results of operations, and cash flows
IPO FAQs
The promoters of the company are Paulson Paul Thazhathedath and Hans Albert Lewis.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 79.0 - 79.0.
The IPO application opens on Jan 25, 2024 and closes on Jan 30, 2024.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 126,400.0, the maximum value for this IPO is Rs 126,400.0.
This IPO will be allotted on Jan 31, 2024.
The refund will be credited to your account on Feb 01, 2024.
The allotted shares will be credited to your demat on Feb 01, 2024.
Docmode Health Technologies Ltd.’s shares listed on the stock exchanges on Feb 02, 2024.