Docmode Health Tech IPO: Check GMP, subscription status on day 3, other key details
- Docmode Health Tech IPO: Docmode Health Technologies IPO is a fixed price issue of ₹6.71 crore. The issue is entirely a fresh issue of 8.5 lakh shares.
Docmode Health Tech IPO: The initial public offering (IPO) of small- and medium-sized enterprise (SME) Docmode Health Technologies received steller response from investors on Tuesday, January 30, as the public issue was subscribed 215.24 times on the third and final day of bidding. Docmode Health Tech IPO opened for subscription today and closed on January 30, 2023.
Docmode Health Tech IPO received strong response from retail investors and non-institutional investors (NIIs) on the third and last day. 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.
Docmode Health Tech IPO Subscription Status:
Docmode Health Tech IPO has received bids for 17,35,71,200 shares against 8,06,400 shares on the offer. The issue was subscribed over 215 times on the third and final day of bidding.
The retail category of the Docmode Health Tech IPO were subscribed over 230 times, and received 9,28,88,000 applications against offered 4,03,200 shares. Meanwhile, the NII portion was subscribed 194.90 times on the third day of subscription, according to data by Chittorgarh.com.
On the first day of subscription, Docmode Health Tech IPO was reserved not more than 47.46 per cent of the shares in the public issue for retail investors and 47.46 per cent of the shares for NIIs. The portion reserved for the retail investors was subscribed over four times and the portion reserved for NIIs was undersubscribed 0.06 times on the first day of bidding.
Docmode Health Tech IPO Details:
Docmode Health Technologies IPO is a fixed price issue of ₹6.71 crore. The issue is entirely a fresh issue of 8.5 lakh shares. The minimum lot size for an application is 1,600 shares. Docmode Health Technologies IPO price is ₹79 per equity share.
The minimum amount of investment required by retail investors is ₹126,400. The minimum lot size investment for HNI is two lots (3,200 shares) amounting to ₹252,800.
Fedex Securities Pvt Ltd is the book running lead manager of the Docmode Health Technologies IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Docmode Health Technologies IPO is Rikhav Securities. Paulson Paul Thazhathedath and Hans Albert Lewis are the promoters of the company.
Docmode Health Tech IPO GMP Today:
Docmode Health Tech IPO GMP today or grey market premium is ₹42. This indicates Docmode Health Tech share price were trading at a premium of ₹42 in the grey market on Tuesday, according to investorgain.com.
Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of ₹121 apiece, which is 53.16 per cent higher than the IPO price of ₹79. 'Grey market premium' indicates investors' readiness to pay more than the issue price.
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