The Docmode Health Technologies IPO garnered significant investor interest, with the public issue oversubscribed 215.24 times on the third and final day of bidding.

Docmode Health Technologies IPO, priced at ₹79 per equity share, is a fixed-price issue of ₹6.71 crore, entirely comprising a fresh issue of 8.5 lakh shares. The minimum lot size for application is 1,600 shares, requiring a minimum investment of ₹1.26 lakhs for retail investors. For high net worth individuals (HNI), the minimum lot size is two lots (3,200 shares), totaling ₹2.52 lakhs.

If you applied for the IPO, you could use the below-listed method to check the Docmode IPO allotment status.

Checking IPO Allotment Status on Registrar's Website:

Follow these steps to check the Docmode Health Technologies IPO allotment status

1. Visit the registrar's website.
2. Click on "Company Selection" and choose "Docmode Health Technologies" from the dropdown menu.
3. Then you can enter your PAN, application number, or Demat.
4. Enter the captcha and click Search to retrieve Docmode IPO allotment status

If all the details are entered correctly and the allotment has been finalised, the Docmode Health Technologies IPO allotment status will be visible.

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Docmode Health Tech IPO Overview: Docmode Health Tech’s IPO, which opened for subscription on January 30, witnessed strong participation from retail and non-institutional investors. Founded in 2017, Docmode Health Technologies provides integrated learning solutions for healthcare professionals globally through online and offline models.

The company’s offerings include offline learning modules such as conferences and workshops, along with online courses developed by its content development team or in collaboration with medical institutions, associations, and experts. On the third day of bidding, the IPO received bids for 17.35 lakh shares against the offer of 8.06 lakh shares, indicating oversubscription by over 215 times.

In the retail category, the IPO was oversubscribed over 230 times, with 9.28 crore applications against the offered 4.03 lakh shares. The non-institutional investors’ portion was subscribed 194.90 times on the third day. On the first day, retail investors subscribed over four times, while the non-institutional investors’ portion was undersubscribed 0.06 times.

What Docmode Health Technologies GMP Looks Like: As of today, the grey market premium (GMP) for Docmode Health Tech IPO stands at ₹42, indicating a trading premium of ₹42 in the grey market. Considering the upper end of the IPO price band and the current GMP, the estimated listing price is ₹121 apiece, representing a 53.16% premium over the IPO price of ₹79. The GMP reflects investors’ willingness to pay more than the issue price.

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