Docmode Health Tech IPO allotment finalised; here’s how to check allotment status

The allotment for Docmode Health’s IPO has been finalised. Investors can check their allotment status on the registrar’s website, Bigshare Services Ltd. The company shares are set to be listed in NSE SME, with the tentative listing date being February 2, 2024.

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Given the oversubscription in the retail category, the allocation of shares to Retail Individual Investors (RII) will be done on a proportionate basis. For those investors who don’t receive an allotment, Docmode Health Tech will initiate the refund process of the application money on February 1, 2024.

Concurrently, investors who were allotted shares will see them credited to their demat accounts on the same day following the refund.

Steps to check the IPO allotment status in Bigshare

1 Login at the direct Bigshare Services website: https://ipo.bigshareonline.com/ipo_status.html

2: Select ‘Docmode Health Technologies IPO’

3: Select ‘Application Number’, ‘Demat Account’, or PAN. (For convenience, here we are taking the Application Number.)

4: Enter Application Number

5: Enter Captcha, and

6 Click on the ‘SUBMIT’ option below.

Your Docmode Health Technologies IPO allotment status will be visible on your screen.

Docmode Health Technologies IPO GMP today

Docmode Health Technologies GMP today, or grey market premium today, is ₹40 per share, according to stock market observers. This indicates Docmode Health shares are trading higher by 51% to the issue price of ₹79 per share in the grey market.

Also Read: PB Fintech stock crosses its IPO price after 2 years, gains 12.5% on robust Q3 results

Subscription overview

The IPO received bids for 17,35,71,200 shares as against the 8,06,400 shares available for subscription, translating into a subscription rate of 215 times. The segment allocated for retail investors saw a subscription rate of 230 times, while the portion reserved for non-institutional investors (NIIs) was subscribed by 194.90 times, according to data from Chittorgarh.com.

Disclaimer: We advise investors to check with certified experts before making any investment decisions.

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Published: 31 Jan 2024, 11:18 AM IST