What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Docmode Health Technologies Limited IPO allotment date?

The basis of allotment for Docmode Health Technologies Limited IPO is scheduled to be finalized on 31 Jan 2024.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 1 Feb 2024.

Docmode Health Technologies Limited

ListedSME

Emerging SME Services · NSE

Docmode Health Technologies Limited, established in 2017, provides integrated learning solutions for healthcare professionals worldwide through both online and offline models. Its offline learning includes conferences and workshops, while the online modules feature courses developed in collaboration with medical institutions, associations, and experts. The platform facilitates interprofessional, cross-sector learning through panel discussions and courses, alongside performance assessment tools to enhance clinical acumen. With 87 certificate programs and affiliations with over 35 medical associations and universities, the company offers services such as DocMode LERN, DocMode SURE, DocMode KNOW, DocMode CARE, and DocMode SHOP (formerly STORE). As of December 31, 2023, Docmode Health Technologies employed 66 individuals.

Price Band

₹79

Issue Size

₹6.71 Cr

Lot Size

1600 shares

GMP

₹45

+57.0%

Est. Listing

₹124

at current GMP

Subscribed

212.69x

overall

Open

25 Jan 2024

30 Jan 2024

Allotment

31 Jan 2024

Refund

1 Feb 2024

Demat Credit

2 Feb 2024

Listing

2 Feb 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Docmode Health Technologies Limited Allotment Status

Designated Registrar: Bigshare Services Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

31 Jan 2024

Basis finalization

Refunds Initiate

1 Feb 2024

Mandate release

Demat Credit

2 Feb 2024

Shares in demat

Listing Debut

2 Feb 2024

Trading begins

How to Check Docmode Health Technologies Limited IPO Allotment Status

Click the Check on Registrar button above to visit Bigshare Services Private Limited's allotment portal.
Select Docmode Health Technologies Limited from the dropdown company list.
Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
Enter your details accurately and solve the Captcha code.
Click Submit / Search to view the number of shares applied and allotted to you.

About Docmode Health Technologies Limited Public Issue & Market Profile

Docmode Health Technologies Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹6.71 Crores. The shares are offered at a price band of ₹79 to ₹79 per equity share on NSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

Public Issue & Allotment Procedure:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Official Allotment Timelines & Registrar Guidance:

Following the close of bidding on 2024-01-30, the basis of allotment is scheduled to be finalized on 2024-01-31. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.