Docmode Health Technologies SME IPO GMP

Docmode Health Technologies Limited, a company at the forefront of providing integrated learning solutions for healthcare professionals, is set to make its mark with its SME IPO launch on the NSE SME Exchange. In this blog, we delve into the key details of the IPO, including the Grey Market Premium (GMP), company background, IPO GMP trends, and the IPO’s strengths and objectives.

IPO Overview:

  • Issue Size: Rs 6.71 Cr (100% Fresh Issue)
  • IPO Application Period: 25 Jan – 30 Jan 2024
  • Face Value: Rs 10 per share
  • Issue Price: Rs 79 per share
  • Lot Size: 1600 shares or its multiple

Also Read: Upcoming IPO in India

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Docmode Health Technologies SME IPO GMP:

The Grey Market Premium (GMP) for Docmode Health Technologies SME IPO is currently at ₹42 as of 01 Feb, 2024. With the issue price at Rs 79, the estimated listing price is projected to be ₹121, reflecting an expected gain of 53.16% per share.

Day-wise IPO GMP Trend:

Here is the GMP data for Docmode Health IPO: [ Last Updated: 01 Feb, 2024; 12:05]

GMP DateIPO PriceGMPSub2 Sauda RateEstimated Listing Price
01-02-202479.00₹4251100₹121 (53.16%)
31-01-202479.00₹4251100₹121 (53.16%)
30-01-202479.00₹4251100₹121 (53.16%)
29-01-202479.00₹2834000₹107 (35.44%)
28-01-202479.00₹1518200₹94 (18.99%)
27-01-202479.00₹1518200₹94 (18.99%)
26-01-202479.00₹1518200₹94 (18.99%)
25-01-202479.00₹1518200₹94 (18.99%)
24-01-202479.00₹1012200₹89 (12.66%)
23-01-202479.00₹0₹79 (0%)

Latest IPO GMP:

Check the live GMP status of all upcoming and closed IPOs on the IPO GMP Dashboard at Stockesta.com for regular updates. Monitoring IPO GMP and its listing price can provide valuable insights for potential investors.

Understanding IPO Grey Market Premium (GMP):

The Grey Market Premium (GMP) is the unofficial/unregulated price at which an IPO is traded before listing. A positive GMP suggests potential profit, while a negative GMP may indicate a likely discount. However, it’s crucial to note the volatility of GMP and make investment decisions based on a comprehensive analysis.

Also Read: What is GMP in IPO: Understanding Grey Market Premium (GMP) in IPOs

About Docmode Health Technologies:

Founded in 2017, Docmode Health Technologies offers integrated learning solutions for healthcare professionals globally. Their offline and online models cover the entire education value chain, including conferences, workshops, and a technology-driven online learning platform. The company’s focus on personalized learning experiences and interprofessional networking sets it apart.

Strengths of Docmode Health Technologies SME IPO:

  • Technology-driven, asset-light, and scalable business model.
  • Strong network effects leading to growth in business verticals.
  • Experienced team with over 22 years of combined expertise in healthcare.
  • Diversified and integrated education products, services, and content offerings.

Also Read: When Can a Company Go for IPO in India

Objective of the IPO:

The Net Proceeds from the IPO will be utilized for:

  1. Purchase of IT infrastructure and operating system.
  2. Meeting incremental working capital requirements.
  3. General corporate purposes.

Docmode Health Technologies SME IPO Dates:

  • SME IPO Open Date: 25-01-2024
  • SME IPO Close Date: 30-01-2024
  • Basis of Allotment Finalization Date: 31-01-2024
  • Refunds Initiation: 01-02-2024
  • Credit of Shares to Demat Account: 01-02-2024
  • SME IPO Listing Date: 02-02-2024

Also Read: Benefits and Risks of Investing in IPOs: A Comprehensive Guide

Conclusion:

Docmode Health Technologies SME IPO presents an exciting opportunity for investors looking to be part of a technology-driven healthcare education venture. While the GMP provides a glimpse into market sentiment, it’s crucial to conduct thorough research and consider various factors before making investment decisions. As the IPO unfolds, the industry will keenly watch Docmode’s journey in the healthcare education space.

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