Docmode Health Technologies IPO vs WTI Cabs IPO

Comparision between Docmode Health Technologies IPO and WTI Cabs IPO.

IPO Details

Docmode Health Technologies IPO is a SME Book Built Issue IPO proposed to list at NSE SME while WTI Cabs IPO is a SME Book Built Issue proposed to list at NSE SME.

	Docmode Health Technologies IPO	WTI Cabs IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Fedex Securities Pvt Ltd	Share India Capital Services Private Limited
Registrar	Bigshare Services Pvt Ltd	Beetal Financial & Computer Services (P) Limited
Market Maker	Rikhav Securities Limited	Share India 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 Docmode Health Technologies IPO is up to ₹6.71 Cr whereas the issue size of the WTI Cabs IPO is up to ₹94.68 Cr. The final issue price of Docmode Health Technologies IPO is ₹79.00 per share and of WTI Cabs IPO is ₹147.00 per share.

	Docmode Health Technologies IPO	WTI Cabs IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹140.00 per share
Issue Price (Upper)		₹147.00 per share
Issue Price (Final)	₹79.00 per share	₹147.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1000 shares
Fresh Issue Size	8,49,600 shares	64,41,000 shares
Fresh Issue Size (Amount)	up to ₹6.71 Cr	up to ₹94.68 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	8,49,600 shares	64,41,000 shares
Issue Size Total (Amount)	up to ₹6.71 Cr	up to ₹94.68 Cr

IPO Timetable

Docmode Health Technologies IPO opens on Jan 25, 2024, while WTI Cabs IPO opens on Feb 12, 2024. The closing date of Docmode Health Technologies IPO and WTI Cabs IPO is Jan 30, 2024, and Feb 14, 2024, respectively.

	Docmode Health Technologies IPO	WTI Cabs IPO
Anchor Bid Date		Feb 09, 2024
Issue Open	Jan 25, 2024	Feb 12, 2024
Issue Close	Jan 30, 2024	Feb 14, 2024
Basis Of Allotment (Tentative)	Jan 31, 2024	Feb 15, 2024
Initiation of Refunds (Tentative)	Feb 01, 2024	Feb 16, 2024
Credit of Share (Tentative)	Feb 01, 2024	Feb 16, 2024
Listing date (Tentative)	Feb 02, 2024	Feb 19, 2024
Anchor Lockin End date 1	Mar 01, 2024	Mar 16, 2024
Anchor Lockin End date 2	Apr 30, 2024	May 15, 2024

Financials

Docmode Health Technologies IPO P/E ratio is 9.3, as compared to WTI Cabs IPO P/E ratio of 24.81.

Docmode Health Technologies IPO

WTI Cabs IPO

Financial

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

Wise Travel India Limited Financial Information (Restated)

Wise Travel India Limited's revenue increased by 178.67% and profit after tax (PAT) rose by 172.5% 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	13,427.82	12,161.21	6,002.64	5,271.17
Revenue	19,016.53	24,997.04	8,970.00	4,405.51
Profit After Tax	1,132.91	1,029.36	377.74	172.85
Net Worth	5,194.36	4,061.45	2,832.10	2,454.36
Reserves and Surplus	3,457.28	3,745.62	2,537.10	2,159.36
Total Borrowing	1,627.55	1,674.50	216.32	56.59
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

65.02%

95.63%

Promoter Shareholding (Post-Issue)

47.44%

69.76%

P/E Ratio

9.3

24.81

Market Cap

₹24.83 Cr.

₹350.03 Cr.

ROE

80.03%%

29.79%%

ROCE

22.46%%

22.90%%

Debt/Equity

2.44

0.65

EPS

₹8.50

₹5.91

RoNW

56.06%%

25.28%%

Shares Offered

In the Docmode Health Technologies IPO retail investors (RII) are offered 4,03,200 shares while in WTI Cabs IPO retail investors are offered 4,03,200 shares. Qualified institutional buyers (QIB) are offered 0 shares in Docmode Health Technologies IPO and 11,91,000 shares in WTI Cabs IPO.

	Docmode Health Technologies IPO	WTI Cabs IPO
Anchor Investor Reserveration		17,85,000 shares
Market Maker Reserveration	43,200 shares	4,38,000 shares
QIB	0 shares	11,91,000 shares
NII	4,03,200 shares	8,94,000 shares
RII	4,03,200 shares	20,84,000 shares
Employee	0 shares	0 shares
Others
Total	8,06,400 shares	42,18,000 shares

Bids Received (Subscription)

Docmode Health Technologies IPO subscribed 215.24x in total, whereas WTI Cabs IPO subscribed 163.46x.

	Docmode Health Technologies IPO	WTI Cabs IPO
QIB (times)		106.69x
NII (times)	194.90x	375.56x
Big NII (times)
Small NII (times)
RII (times)	230.38x	108.76x
Employee (times)
Other (times)
Total (times)	215.24x	163.46x

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