Modern Diagnostic IPO
Modern Diagnostic IPO
Overview
Modern Diagnostic IPO is a book build issue of ₹36.89 crores. The issue is entirely a fresh issue of 0.41 crore shares of ₹36.89 crore. Modern Diagnostic IPO opens for subscription on Dec 31, 2025 and closes on Jan 2, 2026. The allotment for the Modern Diagnostic IPO is expected to be finalized on Jan 5, 2026. Modern Diagnostic IPO will list on BSE SME with a tentative listing date fixed as Jan 7, 2026. Modern Diagnostic IPO price band is set at ₹85.00 to ₹90.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹2,88,000.00 (3,200 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (4,800 shares), amounting to ₹4,32,000. Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Spread X Securities Pvt.Ltd..
Total Shares
40,99,200
Issue Size
₹37 Cr
Price Band
₹85 – ₹90
Lot Size
1600 shares
Min. Investment
₹2,88,000
Max. Investment
₹2,88,000
Open Date
31 Dec, 2025
Close Date
02 Jan, 2026
Allotment
05 Jan, 2026
Listing
07 Jan, 2026
Max. Investment
₹2,88,000
Announced
31 Dec, 2025
Opening Date
31 Dec, 2025
Closing Date
02 Jan, 2026
Basis of Allotment
05 Jan, 2026
Initiation of Refunds
06 Jan, 2026
Credit of Shares
06 Jan, 2026
Listing Date
07 Jan, 2026
Live GMP
Est. Listing: ₹98
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About Modern Diagnostic IPO
Incorporated in 1985, Modern Diagnostic & Research Centre Limited (MDRC) is a diagnostic chain in India, offering a comprehensive range of pathology and radiology services.
The company provides reliable diagnostic tests, home specimen collection, online reports, and customized test packages for institutional customers and patients based on their specific needs.
The company operates 21 centers (18 labs, 3 diagnostic centers) across 8 states, offering diagnostic services like ul
Modern Diagnostic IPO Share Price
Issue Breakdown
Shareholding
Dilution: 37.3% increase in shares
Modern Diagnostic IPO Financial Health
Modern Diagnostic & Research Centre Ltd.'s revenue increased by 15% and profit after tax (PAT) rose by 55% between the financial year ending with March 31, 2025 and March 31, 2024.
Modern Diagnostic IPO Lot Size
Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 3200 | ₹2,88,000 |
| Individual investors (Retail) (Max) | 2 | 3200 | ₹2,88,000 |
| S-HNI (Min) | 3 | 4800 | ₹4,32,000 |
| S-HNI (Max) | 6 | 9600 | ₹8,64,000 |
| B-HNI (Min) | 7 | 11200 | ₹10,08,000 |
(All values in CR)
Modern Diagnostic IPO Valuations
KPI as of Mon, Mar 31, 2025.
| Metric | Value |
|---|---|
| ROE | 55.21 |
| ROCE | 36.18 |
| Debt/Equity | 1.07 |
| RoNW | 43.27 |
| PAT Margin | 11.51 |
| EBITDA Margin | 23.04 |
| Price to Book Value | 4.78 |
(All values in CR)
Modern Diagnostic IPO Strength & Risk
Modern Diagnostic IPO – Strengths
• Integrated pathology and radiology services under a single brand enhance service breadth
• Network of diagnostic centres and laboratories supports geographic reach and scalability
• Use of advanced diagnostic equipment improves service quality and test offerings
• Experienced promoters and management team with healthcare sector expertise
• Digital platforms and home sample collection improve efficiency and patient convenience
Modern Diagnostic IPO – Risks
• Heavy dependence on diagnostic services limits business diversification
• Geographic concentration of operations exposes the company to regional risks
• Rising costs of medical consumables, equipment maintenance, and skilled manpower may impact margins
• Dependence on key suppliers for critical inputs could disrupt operations
• SME listing may result in lower liquidity and higher post-listing volatility
Modern Diagnostic IPO Subscriptions Status
Modern Diagnostic IPO subscribed 1.14 times. The public issue subscribed 1.28 times in the individual investors category, 0.00 times in QIB (Ex Anchor), and 2.31 times in the NII category by December 31, 2025 12:04:33 PM (Day 1).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 11,61,600 | 11,61,600 | 10.454 |
| QIB (Ex Anchor) | 0.00 | 7,82,400 | 0 | 0 |
| Non-Institutional Buyers | 2.31 | 5,85,600 | 13,53,600 | 12.182 |
| bNII (bids above ₹10L) | 2.81 | 3,93,600 | 11,05,600 | 9.95 |
| sNII (bids below ₹10L) | 1.29 | 1,92,000 | 2,48,000 | 2.232 |
| Individual Investors | 1.28 | 13,63,200 | 17,47,200 | 15.725 |
| Total | 1.14 | 27,31,200 | 31,00,800 | 27.907 |
Modern Diagnostic IPO GMP
Modern Diagnostic SME IPO last GMP is ₹8, last updated Dec 31st 2025 10:57 AM. With the price band of 90.00, Modern Diagnostic SME IPO's estimated listing price is ₹98 (cap price + today's GMP).The expected percentage gain/loss per share is 8.89%. >> Modern Diagnostic SME IPO Retail Subject to Sauda: ₹9700 The lowest GMP is ₹0.00, while the highest GMP is ₹10.00.
Last updated 31 Dec, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 31 Dec, 2025 | 90 | ₹8▼ | 9700 | ₹98 (8.89%) | 12800 | 31 Dec, 2025 |
| 30 Dec, 2025 | 90 | ₹10▲ | 12200 | ₹100 (11.11%) | 16000 | 30 Dec, 2025 |
| 29 Dec, 2025 | 90 | ₹0 | - | ₹90 (0.00%) | - | 29 Dec, 2025 |
| 28 Dec, 2025 | 90 | ₹0 | - | ₹90 (0.00%) | - | 28 Dec, 2025 |
| 27 Dec, 2025 | 90 | ₹0 | - | ₹90 (0.00%) | - | 27 Dec, 2025 |
| 26 Dec, 2025 | 90 | ₹0 | - | ₹90 (0.00%) | - | 26 Dec, 2025 |
| 25 Dec, 2025 | 90 | ₹0 | - | ₹90 (0.00%) | - | 25 Dec, 2025 |
| 24 Dec, 2025 | 90 | ₹0 | - | ₹90 (0.00%) | - | 24 Dec, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Modern Diagnostic IPO
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Go to IPO Section
Find Modern Diagnostic IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
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Provide your UPI ID linked to your bank account and submit the application.
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Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.