DelaPlex IPO vs Docmode Health Technologies IPO

Comparision between DelaPlex IPO and Docmode Health Technologies IPO.

IPO Details

DelaPlex 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.

	DelaPlex 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	Shreni Shares Limited	Fedex Securities Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Shreni Shares 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 DelaPlex IPO is up to ₹46.08 Cr whereas the issue size of the Docmode Health Technologies IPO is up to ₹6.71 Cr. The final issue price of DelaPlex IPO is ₹192.00 per share and of Docmode Health Technologies IPO is ₹79.00 per share.

	DelaPlex IPO	Docmode Health Technologies IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹186.00 per share
Issue Price (Upper)	₹192.00 per share
Issue Price (Final)	₹192.00 per share	₹79.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	600 shares	1600 shares
Fresh Issue Size	18,00,000 shares	8,49,600 shares
Fresh Issue Size (Amount)	up to ₹34.56 Cr	up to ₹6.71 Cr
OFS Issue Size	6,00,000 shares
OFS Issue Size (Amount)	up to ₹11.52 Cr
Issue Size Total	24,00,000 shares	8,49,600 shares
Issue Size Total (Amount)	up to ₹46.08 Cr	up to ₹6.71 Cr

IPO Timetable

DelaPlex IPO opens on Jan 25, 2024, while Docmode Health Technologies IPO opens on Jan 25, 2024. The closing date of DelaPlex IPO and Docmode Health Technologies IPO is Jan 30, 2024, and Jan 30, 2024, respectively.

	DelaPlex IPO	Docmode Health Technologies IPO
Anchor Bid Date	Jan 24, 2024
Issue Open	Jan 25, 2024	Jan 25, 2024
Issue Close	Jan 30, 2024	Jan 30, 2024
Basis Of Allotment (Tentative)	Jan 31, 2024	Jan 31, 2024
Initiation of Refunds (Tentative)	Jan 31, 2024	Feb 01, 2024
Credit of Share (Tentative)	Feb 01, 2024	Feb 01, 2024
Listing date (Tentative)	Feb 02, 2024	Feb 02, 2024
Anchor Lockin End date 1	Mar 01, 2024	Mar 01, 2024
Anchor Lockin End date 2	Apr 30, 2024	Apr 30, 2024

Financials

DelaPlex IPO P/E ratio is 17.75, as compared to Docmode Health Technologies IPO P/E ratio of 9.3.

DelaPlex IPO

Docmode Health Technologies IPO

Financial

DelaPlex Limited Financial Information (Restated)

DelaPlex Limited's revenue increased by 9.69% and profit after tax (PAT) rose by 29.23% 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	3,185.45	2,638.33	1,790.90	1,100.77
Revenue	2,814.28	5,521.81	5,034.06	3,633.30
Profit After Tax	425.53	790.72	611.87	404.00
Net Worth	2,775.58	2,350.05	1,559.32	947.45
Reserves and Surplus	2,774.58	2,349.05	1,558.32	946.45
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)

100%

65.02%

Promoter Shareholding (Post-Issue)

73.66%

47.44%

P/E Ratio

17.75

9.3

Market Cap

₹174.91 Cr.

₹24.83 Cr.

ROE

40.45%%

80.03%%

ROCE

56.73%%

22.46%%

Debt/Equity

2.44

EPS

₹10.82

₹8.50

RoNW

56.73%%

56.06%%

Shares Offered

In the DelaPlex IPO retail investors (RII) are offered 7,97,400 shares while in Docmode Health Technologies IPO retail investors are offered 7,97,400 shares. Qualified institutional buyers (QIB) are offered 4,55,400 shares in DelaPlex IPO and 0 shares in Docmode Health Technologies IPO.

	DelaPlex IPO	Docmode Health Technologies IPO
Anchor Investor Reserveration	6,82,800 shares
Market Maker Reserveration	1,22,400 shares	43,200 shares
QIB	4,55,400 shares	0 shares
NII	3,42,000 shares	4,03,200 shares
RII	7,97,400 shares	4,03,200 shares
Employee	0 shares	0 shares
Others
Total	15,94,800 shares	8,06,400 shares

Bids Received (Subscription)

DelaPlex IPO subscribed 177.80x in total, whereas Docmode Health Technologies IPO subscribed 215.24x.

	DelaPlex IPO	Docmode Health Technologies IPO
QIB (times)	90.91x
NII (times)	335.23x	194.90x
Big NII (times)
Small NII (times)
RII (times)	159.91x	230.38x
Employee (times)
Other (times)
Total (times)	177.80x	215.24x

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Mayank Cattle Food IPO	Alpex Solar IPO
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Fonebook IPO	Megatherm Induction IPO
Brisk Technovision IPO	DelaPlex IPO
Qualitek Labs IPO	Baweja Studios IPO
Euphoria Infotech India IPO	Fonebook IPO

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