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Docmode Health Technologies IPO
Price Band
₹
Issue Size
₹6.71 Cr
Lot Size
1,600 shares
Min Investment
₹126,400
GMP
+₹45.0 (56.96%)
Issue Price
₹79.0
Subject to Sauda
₹54700
Paid only if allotted
Docmode Health Technologies IPO AI Summary
- Docmode Health Technologies IPO is listed on NSE SME in the E-Learning sector.
- Subscription window: 25 Jan–30 Jan 2024, listing on 02 Feb 2024.
- Current GMP is +₹45.0 (56.96%) — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Docmode Health Technologies IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 30 Jan 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Docmode Health Technologies IPO Grey Market Premium (GMP) Today
GMP
+₹45.0
GMP %
+56.96%
Est. Listing
₹124.0
Updated: 25 Jul 2026 14:07
About the Company
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 Financials (₹ Cr)
As of 2023-09-30
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 17.64 | 17.01 | 10.08 | 5.67 |
| Total Income | 23.67 | 32.97 | 12.44 | 7.10 |
| Profit After Tax | 1.36 | 1.95 | 0.92 | 0.55 |
| NET Worth | 4.84 | 3.48 | 1.39 | 0.47 |
| Reserves and Surplus | 2.54 | 1.18 | 1.38 | 0.46 |
| Total Borrowing | 8.11 | 8.48 | 4.84 | 1.06 |
Key Ratios
EPS
₹8.50
NAV
₹16.29
ROE
80.03%
ROCE
22.46%
RoNW
56.06%
P/B Value
4.85
P/E Ratio
9.3
Market Cap
₹24.83 Cr
PAT Margin
5.93%
Debt/Equity
2.44
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Docmode Health Technologies Limited This IPO | 16.29 | 56.06% | 9.3 | 8.5 | 8.5 |
Promoters
Paulson Paul Thazhathedath and Hans Albert Lewis
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Purchase of IT infrastructure and operating system 3.03 2 Meeting incremental working capital requirements 2.00 3 General corporate purposes 1.03
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹12.44 Cr in the year ended 31 Mar 2022, increasing to ₹32.97 Cr by 31 Mar 2023. However, it decreased to ₹23.67 Cr as of 30 Sep 2023, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹0.92 Cr for the year ending 31 Mar 2022, rising to ₹1.95 Cr by 31 Mar 2023. It then decreased to ₹1.36 Cr as of 30 Sep 2023, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
Docmode Health Technologies is priced at a P/E ratio of 9.3 at the issue price, compared to peers trading at a similar range.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of how much a stock might list above its issue price. It reflects the demand and sentiment for the IPO in the grey market, which operates outside of the regulated stock exchanges.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance.
Who May Want to Wait
Investors who prefer stable, established companies with predictable earnings might consider avoiding IPOs like this, which can be more volatile and uncertain.
IPO Timeline, Explained
The IPO opens on January 25, 2024, and closes on January 30, 2024. Allotment of shares will be done on January 31, 2024, and the listing is expected on February 2, 2024.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when a stock lists on the exchange at a price higher than the issue price. However, these gains are not guaranteed, and the stock may also decline after listing, reflecting market conditions and investor sentiment.
This evaluation is generated from Docmode Health Technologies's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Docmode Health Technologies IPO GMP today?
Docmode Health Technologies IPO GMP today is +₹45.0 (56.96%). GMP is an unofficial grey-market indicator and can change daily.
When does Docmode Health Technologies IPO open and close?
Docmode Health Technologies IPO opens on 25 January 2024 and closes on 30 January 2024.
When does Docmode Health Technologies IPO list on the stock exchange?
Docmode Health Technologies IPO listed on 02 February 2024 at ₹124.0.
What is the lot size for Docmode Health Technologies IPO?
The lot size for Docmode Health Technologies IPO is 1600 shares, requiring a minimum investment of ₹126,400.
What is the issue price of Docmode Health Technologies IPO?
The issue price is ₹79.0.
What is the minimum investment required?
The minimum investment required is ₹126,400.
What is the lot size for the IPO?
The lot size is 1600 shares.
When will the IPO open and close?
The IPO will open on January 25, 2024, and close on January 30, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, indicating the expected listing price of the IPO compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
25 Jan 2024
Close
30 Jan 2024
Allotment
31 Jan 2024
Listing
02 Feb 2024
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