Docmode Health Technologies Limited IPO

Docmode Health Technologies Limited IPO

Docmode Health Technologies Limited’s IPO consists of a fresh issue of 8.49 lakh equity shares. The shares are issued at a price of INR 79. The company plans to utilize the funds to purchase of IT infrastructure and operating systems, to meet its working capital requirement, and towards general and issue expenses. 

Docmode Health Technologies SME IPO – Important Details

Docmode Health Technologies IPO DateJanuary 25, 2024 to January 30, 2024
Docmode Health Technologies IPO Listing DateFebruary 2, 2024
Docmode Health Technologies IPO PriceINR 79
Docmode Health Technologies IPO Lot Size1600 shares
Docmode Health Technologies IPO Total Issue SizeINR 6.71 crores.
Docmode Health Technologies IPO Basis of AllotmentJanuary 31, 2024
Docmode Health Technologies IPO Initiation of RefundsFebruary 1, 2024
Docmode Health Technologies IPO Credit of Shares to DematFebruary 1, 2024
Docmode Health Technologies IPO Issue TypeFixed Price Issue IPO
Docmode Health Technologies IPO Listing AtNSE SME

Docmode Health Technologies Limited IPO – Company Profile

The company is engaged in offering integrated learning solutions through online and offline learning models to healthcare professionals and learners worldwide, spanning the education value chain. Our offline learning model comprises conferences and workshops. 

The online course content is reviewed and presented by the dedicated in-house content development team or by medical institutions and medical associations (medical professional bodies) and subject matter experts/key opinion leaders who are focused on effectively transferring knowledge, as well as communicating and network with each other through the learning and professional networking platform.

The promoters collectively have a collective 22 years of experience in healthcare advertising, health IT, healthcare communications, healthcare event management and broadcasting. The promoters have developed the “iNutrimon” application for clinical nutrition delivery management for ICU patients, entire IPD as well as OPD patient requirements of a hospital or healthcare service provider.

Docmode Health Technologies Ltd IPO – Fundamental Analysis

Docmode Health Technologies Ltd’s IPO presents favorable financials with steady revenue growth, controlled expenses, and rising profits. Although RoNW declined, it remains healthy at 56.06%, and NAV per Equity Share increased significantly. Improved Diluted EPS and reasonable debt levels make it an appealing investment option.

Revenue Growth:

The company has shown consistent revenue growth, from ₹710.09 lakhs in 2021 to ₹3,287.84 lakhs in 2023, reflecting strong market demand.

Expense Management:

Expenses have increased with revenue growth, indicating effective cost control and sustainable profitability.

Profitability:

Profit after tax has steadily improved from ₹64.41 lakhs in 2021 to ₹269.09 lakhs in 2023, showcasing sound operational performance.

Return on Net Worth (RoNW):

While RoNW declined from 118.94% to 56.06%, it remains healthy, demonstrating the ability to generate returns on equity.

Net Asset Value (NAV) and Equity:

NAV per Equity Share increased from ₹2.65 to ₹16.29, indicating growing intrinsic value per share and strong equity growth.

Earnings per Share (EPS):

Diluted EPS also improved, rising from ₹3.15 to ₹9.13, signaling consistent earnings growth.

Debt-Equity Ratio:

The company’s debt-equity ratio, although fluctuating, is within reasonable limits, mitigating concerns about excessive debt.

Inventory Turnover Ratio:

The decreasing inventory turnover ratio may need attention for better inventory management.

Current Ratio:

The current ratio remains above 1, indicating good short-term liquidity.

Docmode Health Technologies Ltd IPO Financial Information

ParticularAs at 31 March 2021As at 31 March 2022As at 31 March 2023
Revenue(₹in lakhs)710.091,242.303,287.84
Equity(₹ in lakhs)46.52138.71347.53
Expenses (₹in lakhs)646.051,093.733,028.33
Profit and Loss After Tax (₹ in lakhs)64.41150.03269.09
RoNW (%)118.94%66.47%56.06%
Diluted EPS only (₹)3.155.249.13
NAV per Equity Share (₹)2.657.8916.29
Total Assets (in lakhs)567.261,008.361,700.88
Total Liabilities (in lakhs)520.74869.651,280.70
Debt-Equity Ratio2.273.492.44
Inventory Turnover Ratio0.770.540.37
Current Ratio1.231.691.58

Docmode Health Technologies IPO Peer Comparison

No listed companies in India engage in a business similar to that of the Company. Accordingly, it is not possible to provide a comparison of key performance indicators of industry with the Company.

Docmode Health Technologies SME IPO Objective

The main objective of Docmode Health Technologies’ is to allocate funds for IT infrastructure and operating systems, working capital needs, and general corporate purposes such as growth, marketing, capital expenditure, investments, and addressing corporate contingencies.

  1. To purchase IT infrastructure and operating system: The company plans to utilize INR 3.03 crores to purchase IT infrastructure and operating system. 
  2. To meet the working capital requirement: The company requires incremental working capital to meet its increasing expansion strategies. For the said purpose the company plans to utilise INR 2 crores from the issue.
  3. General Corporate Purposes: The company plans to use the net proceeds for general corporate purposes, including funding organic and inorganic growth, strengthening marketing and brand building, capital expenditure for operational maintenance, investing in subsidiaries, and addressing ongoing corporate contingencies.

Docmode Health Technologies IPO Risks And Challenges

Docmode Health Technologies IPO risks include consistent engagement with healthcare professionals. Continuous innovation is vital for staying abreast of technology and user preferences. Intense competition may lead to reduced market share and financial impact.

  1. The company is dependent on its relationships with healthcare professionals, and its business and financial results could be impacted if the company cannot engage such professionals regularly.
  2. The success depends significantly on our ability to innovate and implement technological advances. If we are unable to keep pace with evolving technology and user preferences, our business, results of operations, and prospects may be adversely affected.
  3. Strong competition in providing professional medical learning could also decrease the market share and compel the company to reduce course fees or provide higher discounts on course fees. This may have a material adverse impact on the number of learners and health care professionals enrolled with the company, revenues and profitability.

Docmode Health Technologies IPO – Industry & Market Potential

India has the largest population in the world in the age bracket of 5-24 years with 580 million people, presenting a huge opportunity in the education sector. India holds an important place in the global education industry. India has one of the largest networks of higher education institutions in the world. However, there is still a lot of potential for further development and improvement in the education system.

Healthcare has become one of India’s largest sectors, both in terms of revenue and employment. The industry is growing at a tremendous pace owing to its strengthening coverage, service and increasing expenditure by public as well private players. Between 2016–22, the market is expected to record a CAGR of 22.52%. The total industry size is estimated to reach US$ 372 billion by 2022.

The e-health market size is estimated to reach US$ 10.6 billion by 2025. In November 2021, the Government of India, the Government of Meghalaya and the World Bank signed a US$ 40 million health project for the state of Meghalaya. This project will improve the quality of health services and strengthen the state’s capacity to handle future health emergencies, including the COVID-19 pandemic

Docmode Health Technologies Ltd IPO – Type of Offer

Docmode Health Technologies will  issue fresh shares, seeking INR 6.71 crores to purchase of IT infrastructure and operating systems and to meet its working capital requirement.

Docmode Health Technologies Ltd IPO Offer Size

The offer size of Docmode Health Technologies’ IPO is INR 6.71 crores. This includes an issue of 8.49 lakh fresh equity shares at a price of INR 79 per share. 

Docmode Health Technologies IPO Allotment Structure

Docmode Health Technologies’ IPO allotment structure includes a category for Retail Individual Investors (RII) with investments below ₹2 lakhs, a category for other investors exceeding ₹2 lakhs, and a reservation of 43,200 shares for Market Makers.

Retail Individual Investors (RII): These individual investors apply for shares with a total value of less than Rs. 2 lakhs.

Other than retail individual investors: Such applications where the value exceeds INR 2 lakhs.

Market Maker Reservation: A certain percentage or number of shares is reserved for market makers. The company has set aside 40,000 shares for this purpose.

How to apply for a Docmode Health Technologies IPO?

To apply for the Docmode Health Technologies IPO through Alice Blue, you would typically follow these steps:

Open a Demat and Trading Account: If you don’t have one already, you would need to open a Demat and trading account with Alice Blue.

Check for IPO Details: Once your account is active, you can check for the Docmode Health Technologies IPO details in the IPO section of the Alice Blue platform.

Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.

Submit the Application: Confirm all your details and submit your application.

 You can apply for Docmode Health Technologies’s IPO at Alice Blue in just a few clicks!

Check Allotment Status: Post the allotment process, you can check the allotment status to see if you have received any shares.  Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.

How to Check Docmode Health Technologies IPO Allotment Status on Alice Blue?

Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:

 Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.

Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.

Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.

Select the Docmode Health Technologies IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Docmode Health Technologies IPO.

Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here. If you face any issues, it’s recommended to contact Alice Blue’s customer support for detailed assistance. Apart from Alice Blue, there are other ways to check the allotment status of the Docmode Health Technologies IPO:

●  Registrar’s Website: Visit the website of Bigshare Services Private Limited, the registrar of the Docmode Health Technologies IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN and application number or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.

●  NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (BSE) SME (Small Medium Enterprise) Platform . You would need your application number and PAN to check the status. Please note that the allotment status will only be available after the allotment process has been completed, a few days after the IPO window closes.

 Docmode Health Technologies IPO Offer Registrar

The registrar for the Docmode Health Technologies Limited IPO is Bigshare Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.

 BIGSHARE SERVICES PRIVATE LIMITED

Office No. S6-2, 6th Floor, Pinnacle Business Park,

Next to Ahura Centre, Mahakali CavesRoad, Andheri East,

Mumbai – 400 093, Maharashtra, India

Tel: 022 – 6263 8200

E-mail: [email protected]

Website: www.bigshareonline.com

Docmode Health Technologies IPO FAQs

1. What is the allotment date of the Docmode Health Technologies IPO?

The allotment date of the Docmode Health Technologies IPO is January 31, 2024.

2. What is the price band of the Docmode Health Technologies IPO?

The Docmode Health Technologies IPO company will issue shares at INR 79.

3. What is the size of the Docmode Health TechnologiesIPO?

The offer size of Docmode Health Technologies’ IPO is INR 6.71 crores. This includes an issue of 8.49 lakh fresh equity shares at a price of INR 79 per share. 

4. What is the listing date of the Docmode Health Technologies IPO?

The listing date of the Docmode Health Technologies IPO is February 2, 2024.

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