Docmod Health Tech IPO: A Game-Changer in the Health Tech Industry 🚀💰
📅 IPO Subscription Open: January 25, 2019
🤝 Target: Raising ₹6.71 Crores through IPO
⏰ IPO Closes: January 30, 2019
💸 Price Band: ₹79 per share
📈 Number of Shares: 8.49 Lakhs
🔍 No Offer for Sale (OFS) under this IPO
🔍 Lot Size: 1,600 shares
💼 Minimum Retail Investment: ₹1,26,400
👥 Promoters: Paulson Paul Thazhedath and Hans Albert Luis
📊 Listing Date: February 2, 2019, on NSE-SME platform
🏦 Utilization of IPO Funds:
★Investing in IT infrastructure and operations
★Fulfilling working capital requirements
★Using remaining funds for general corporate purposes
📈 Grey Market Performance:
★Docmod Health Tech IPO trading at a premium of ₹10 in the Grey Market
★Potential listing price of ₹89 per share
★Investors stand to gain a whopping 12.66% if this holds true
🌍 The Competitive Advantage:
★Docmod Health Tech operates in the highly competitive field of providing professional healthcare education
★Entry barriers low, allowing new competitors to enter effortlessly
★Increased competition can lead to lower course fees or attractive discounts
★Assistant CCM World Services has been running in losses for the past three years
🏥 About Docmod Health Tech:
★The company offers an integrated learning solution for healthcare professionals and students worldwide through online and offline models
★Revenue from operations was ₹32.87 crores in FY23 and ₹12.42 crores in FY22
★Net profit increased from ₹92 lakhs to ₹1.94 crores during the same period
Exciting times lie ahead for Docmod Health Tech as it embarks on its IPO journey. With its innovative solutions and potential for growth, investors have a chance to be a part of the healthcare revolution. 📈🌍💼
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
