Alpex Solar IPO vs Docmode Health Technologies IPO

Comparision between Alpex Solar IPO and Docmode Health Technologies IPO.

IPO Details

Alpex Solar IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Docmode Health Technologies IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Alpex Solar IPO	Docmode Health Technologies IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Corporate Capitalventures Pvt Ltd	Fedex Securities Pvt Ltd
Registrar	Skyline Financial Services Private Ltd	Bigshare Services Pvt Ltd
Market Maker	Ss Corporate Securities Limited	Rikhav Securities Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Alpex Solar IPO is up to ₹74.52 Cr whereas the issue size of the Docmode Health Technologies IPO is up to ₹6.71 Cr. The final issue price of Alpex Solar IPO is ₹115.00 per share and of Docmode Health Technologies IPO is ₹79.00 per share.

	Alpex Solar IPO	Docmode Health Technologies IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹109.00 per share
Issue Price (Upper)	₹115.00 per share
Issue Price (Final)	₹115.00 per share	₹79.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1600 shares
Fresh Issue Size	64,80,000 shares	8,49,600 shares
Fresh Issue Size (Amount)	up to ₹74.52 Cr	up to ₹6.71 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	64,80,000 shares	8,49,600 shares
Issue Size Total (Amount)	up to ₹74.52 Cr	up to ₹6.71 Cr

IPO Timetable

Alpex Solar IPO opens on Feb 08, 2024, while Docmode Health Technologies IPO opens on Jan 25, 2024. The closing date of Alpex Solar IPO and Docmode Health Technologies IPO is Feb 12, 2024, and Jan 30, 2024, respectively.

	Alpex Solar IPO	Docmode Health Technologies IPO
Anchor Bid Date	Feb 07, 2024
Issue Open	Feb 08, 2024	Jan 25, 2024
Issue Close	Feb 12, 2024	Jan 30, 2024
Basis Of Allotment (Tentative)	Feb 13, 2024	Jan 31, 2024
Initiation of Refunds (Tentative)	Feb 14, 2024	Feb 01, 2024
Credit of Share (Tentative)	Feb 14, 2024	Feb 01, 2024
Listing date (Tentative)	Feb 15, 2024	Feb 02, 2024
Anchor Lockin End date 1	Mar 14, 2024	Mar 01, 2024
Anchor Lockin End date 2	May 13, 2024	Apr 30, 2024

Financials

Alpex Solar IPO P/E ratio is 54.66, as compared to Docmode Health Technologies IPO P/E ratio of 9.3.

Alpex Solar IPO

Docmode Health Technologies IPO

Financial

Alpex Solar Limited Financial Information (Restated Consolidated)

Alpex Solar Limited's revenue increased by 16.25% and profit after tax (PAT) rose by 1849.43% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	14,188.46	12,559.64	10,003.75	9,935.35
Revenue	21,310.72	19,592.07	16,853.62	14,972.96
Profit After Tax	760.58	378.58	19.42	315.23
Net Worth	4,906.86	4,146.29	3,767.70	3,748.28
Reserves and Surplus	4,307.08	3,546.51	3,167.92	3,148.50
Total Borrowing	4,175.15	4,735.73	2,669.98	2,992.68
Amount in ₹ Lakhs

Docmode Health Technologies Limited Financial Information (Restated Consolidated)

Docmode Health Technologies Limited's revenue increased by 165.12% and profit after tax (PAT) rose by 111.3% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,764.25	1,700.88	1,008.36	567.26
Revenue	2,366.70	3,297.42	1,243.76	710.46
Profit After Tax	136.01	194.82	92.20	55.33
Net Worth	483.55	347.53	138.71	46.52
Reserves and Surplus	254.23	118.21	137.71	45.52
Total Borrowing	811.08	847.95	483.86	105.62
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

93.53%

65.02%

Promoter Shareholding (Post-Issue)

68.76%

47.44%

P/E Ratio

54.66

9.3

Market Cap

₹281.44 Cr.

₹24.83 Cr.

ROE

9.55%%

80.03%%

ROCE

18.81%%

22.46%%

Debt/Equity

1.14

2.44

EPS

₹2.10

₹8.50

RoNW

9.55%%

56.06%%

Shares Offered

In the Alpex Solar IPO retail investors (RII) are offered 21,55,200 shares while in Docmode Health Technologies IPO retail investors are offered 21,55,200 shares. Qualified institutional buyers (QIB) are offered 12,31,200 shares in Alpex Solar IPO and 0 shares in Docmode Health Technologies IPO.

	Alpex Solar IPO	Docmode Health Technologies IPO
Anchor Investor Reserveration	18,45,600 shares
Market Maker Reserveration	3,24,000 shares	43,200 shares
QIB	12,31,200 shares	0 shares
NII	9,24,000 shares	4,03,200 shares
RII	21,55,200 shares	4,03,200 shares
Employee	0 shares	0 shares
Others
Total	43,10,400 shares	8,06,400 shares

Bids Received (Subscription)

Alpex Solar IPO subscribed 324.03x in total, whereas Docmode Health Technologies IPO subscribed 215.24x.

	Alpex Solar IPO	Docmode Health Technologies IPO
QIB (times)	141.48x
NII (times)	502.31x	194.90x
Big NII (times)
Small NII (times)
RII (times)	351.89x	230.38x
Employee (times)
Other (times)
Total (times)	324.03x	215.24x

Compare with others

Alpex Solar IPO	Docmode Health Technologies IPO
Thaai Casting IPO	WTI Cabs IPO
Kalahridhaan Trendz IPO	Alpex Solar IPO
Polysil Irrigation Systems IPO	Italian Edibles IPO
Rudra Gas Enterprise IPO	Gabriel Pet Straps IPO
WTI Cabs IPO	Mayank Cattle Food IPO
Italian Edibles IPO	Harshdeep Hortico IPO
Gabriel Pet Straps IPO	Megatherm Induction IPO
Mayank Cattle Food IPO	DelaPlex IPO
Docmode Health Technologies IPO	Baweja Studios IPO
Harshdeep Hortico IPO	Fonebook IPO

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