Docmode Health Technologies IPO fully subscribed on first day. Check details
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Synopsis
Docmode Health Technologies IPO was entirely a fresh issue of up to 8.49 lakh equity shares aggregating up to Rs 6.7 crore. The company has fixed a price band of Rs 79 apiece, and investors can bid for 1,600 shares in one lot.
By ETMarkets.com
The initial public offering (IPO) of Docmode Health Technologies was fully subscribed on the first day of the bidding process. The category reserved for retail investors was booked 2.27 times, while that for other investors was subscribed 21%.
About 50% of the offer is reserved for retail investors and the remaining for other investors.
There is no definitive GMP for the company's shares in the unlisted market.
The company is engaged in the business of offering integrated learning solutions through an online platform to doctors, physicians, surgeons and allied healthcare professionals such as dieticians, physiotherapists, nurses, technicians and paramedics across the globe, spanning the education value chain.
Also Read: Nova Agritech IPO: Issue subscribed 60 times so far on last day. Check GMP and other details
Its online courses’ content is reviewed and presented by a 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 networking with each other through our learning and professional networking platform.
For the period ending September 2023, the company clocked revenues of Rs 22.36 crore and net profit of Rs 1.36 crore.
The net proceeds from the public offer will be used for the purchase of IT infrastructure, operating systems and services, and to meet working capital requirements and for general corporate purposes.
Fedex Securities is the lead manager to the issue and Bigshares is the registrar.
The final allotment for the IPO will likely be made on December January 31. The company's shares will likely get listed on February 2.
The company's shares will get listed on the NSE SME platform.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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The IPO was entirely a fresh issue of up to 8.49 lakh equity shares aggregating up to Rs 6.7 crore. The company has fixed a price band of Rs 79 apiece, and investors can bid for 1,600 shares in one lot.About 50% of the offer is reserved for retail investors and the remaining for other investors.
There is no definitive GMP for the company's shares in the unlisted market.
The company is engaged in the business of offering integrated learning solutions through an online platform to doctors, physicians, surgeons and allied healthcare professionals such as dieticians, physiotherapists, nurses, technicians and paramedics across the globe, spanning the education value chain.
Also Read: Nova Agritech IPO: Issue subscribed 60 times so far on last day. Check GMP and other details
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Its online courses’ content is reviewed and presented by a 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 networking with each other through our learning and professional networking platform.
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For the period ending September 2023, the company clocked revenues of Rs 22.36 crore and net profit of Rs 1.36 crore.
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The net proceeds from the public offer will be used for the purchase of IT infrastructure, operating systems and services, and to meet working capital requirements and for general corporate purposes.
Fedex Securities is the lead manager to the issue and Bigshares is the registrar.
ADVERTISEMENT
The final allotment for the IPO will likely be made on December January 31. The company's shares will likely get listed on February 2.
The company's shares will get listed on the NSE SME platform.
ADVERTISEMENT
(Subscribe to ETMarkets WhatsApp channel) (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
