NSE SME Docmode Health Technologies spurts on listing
Mumbai, Feb. 2 -- The scrip was listed at Rs 190.25, a premium of 140.82% compared with the initial public offer (IPO) price. The stock was currently frozen in a lower limit of 5% over its listing price.
The counter hit a high of Rs 199.75 and a low of Rs 180.75. About 5.80 lakh shares of the company changed hands at the counter.
Docmode Health Technologies' IPO was subscribed 201.87 times. The issue opened for bidding on 25 January 2024 and it closed on 30 January 2024. The price of the IPO was fixed at Rs 79 per share.
The IPO comprised fresh issue of 8,49,600 shares. The promoter and promoter shareholding diluted to 47.44% from 65.02% pre-IPO.
The company intends to utilize the net proceeds to purchase of IT infrastructure and oper...
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