2, March, 2024
HomeBusinessDocmode Health Technologies IPO: A Resounding Success with Strong Investor Interest

Docmode Health Technologies IPO: A Resounding Success with Strong Investor Interest

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Docmode Health Technologies recently concluded its initial public offering (IPO) with overwhelming enthusiasm from investors during the bidding window spanning January 25 to January 30. The IPO generated exceptional interest across various investor categories, setting the stage for a highly anticipated listing.

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The allotment process for Docmode Health’s IPO has been finalized, and investors can now verify their allotment status on the registrar, Bigshare Services Ltd’s website. The company is slated to be listed on the NSE SME, with the expected listing date scheduled for February 2, 2024.

Given the remarkable oversubscription in the retail category, the allocation of shares to Retail Individual Investors (RII) will be conducted proportionally. Investors who do not secure an allotment will witness the initiation of the refund process for their application money on February 1, 2024.

Simultaneously, investors who have successfully secured shares will observe the credits in their demat accounts on the same day as the refund.

For those eager to check the IPO allotment status on Bigshare, here are the steps:

  1. Log in directly to the Bigshare Services website: https://ipo.bigshareonline.com/ipo_status.html
  2. Choose ‘Docmode Health Technologies IPO’
  3. Select either ‘Application Number,’ ‘Demat Account,’ or PAN (For convenience, we are using the Application Number here).
  4. Enter the Application Number
  5. Input the Captcha
  6. Click on the ‘SUBMIT’ option below

Upon completion of these steps, your Docmode Health Technologies IPO allotment status will be displayed on your screen.

Docmode Health Technologies IPO GMP (Grey Market Premium) today stands at ₹40 per share, as reported by market observers. This reflects a notable uptrend of 51% above the issue price of ₹79 per share in the grey market.

The IPO received an overwhelming response, with bids totaling 17,35,71,200 shares against the available 8,06,400 shares for subscription, resulting in an impressive subscription rate of 215 times. The retail investors’ segment experienced a subscription rate of 230 times, while non-institutional investors (NIIs) witnessed a subscription rate of 194.90 times, according to data from Chittorgarh.com.

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The Docmode Health Technologies IPO has emerged as a resounding success, capturing significant attention from investors and signaling a promising journey ahead for the company in the public market.

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