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Modern Diagnostic & Research Centre Ltd

Modern Diagnostic & Research Centre Ltd

BSE SME · SME IPO
Listed BSE SME SME Live Chart
Issue Price
₹90
₹90
GMP (Grey Market)
+₹14
+15.56%
Est. Listing Price
₹104
Based on GMP
Min. Investment
₹144,000
1 lot × 1600 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
31 Dec 2025
Close Date
02 Jan 2026
Allotment
05 Jan 2026
Listing Date
07 Jan 2026
Exchange
BSE SME
Price Band
₹90
Listing Price
See chart
Allotment Status
Price Band
₹90
Per share
Face Value
₹10 per share
 
Lot Size
1,600 Shares
per lot
Issue Size
40,99,200 shares (agg. up to ₹37 Cr)
Total offering
Issue Type
Book Built Issue
 
Min Investment
₹144,000
1 lot
Pre-IPO Holding
1,10,00,000 shares
Promoters
Post-IPO Holding
1,50,99,200 shares
Promoters
P/E (Pre)
11.04x
 
P/E (Post)
11.33x
 
EPS (Pre)
₹8.15
 
EPS (Post)
₹7.94
 
UPI Deadline
5:00 PM on 02 Jan 2026
Mandate
GMP
+₹14
+15.56% est.
Anchor AllotmentTue, 30 Dec 2025
Basis of AllotmentMon, 05 Jan 2026
Refund InitiationTue, 06 Jan 2026
Demat CreditTue, 06 Jan 2026
Listing DayWed, 07 Jan 2026
UPI Mandate Deadline5:00 PM on 02 Jan 2026
Sale TypeFresh Capital
Net Offer to Public38,92,800 shares (agg. up to ₹35 Cr)
Market Maker Quota2,06,400 shares (agg. up to ₹2 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Modern Diagnostic & Research Centre Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 02 Jan 2026.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
Market Maker
Awaited
206,400
₹1.86
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
4,099,200
100% ₹36.89
IPO Shares Offered
Modern Diagnostic & Research Centre Ltd IPO total issue size: ₹36.89 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Market Maker 206,400 ₹1.86
5.04%
Total 4,099,200 ₹36.89
100.00%
* Based on upper price band ₹90 per share
Lot Size & Investment
Lot Size
1,600
Shares per Lot
Issue Price
₹90.00
Upper Band
Min Investment
₹144,000
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)23,200₹288,000
Retail (Max — 13 Lots)1320,800₹1,872,000
S-HNI (Min — 14 Lots)1422,400₹2,016,000
B-HNI (Min — 68 Lots)68108,800₹9,792,000
* Issue Price ₹90 × Lot Size 1,600 shares
IPO Schedule
Anchor
30 Dec 2025
✓ Done
IPO Open
31 Dec 2025
✓ Done
IPO Close
02 Jan 2026
✓ Done
Allotment
05 Jan 2026
✓ Done
Refunds
06 Jan 2026
✓ Done
Demat Credit
06 Jan 2026
✓ Done
Listing Day
07 Jan 2026
✓ Done
Modern Diagnostic & Research Centre Ltd — Live Price LIVE
₹90.00
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Issue ₹90.00 GMP: +₹14 Live Price
About Modern Diagnostic & Research Centre Ltd
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 (17 labs, 4 diagnostic centers) across 8 states, offering diagnostic services like ultrasound, CT, MRI, X-ray, ECG, PFT, and specialized labs for heart and neuro care.Services:Pathology:MDRC provides a wide array of tests, including high-end molecular diagnostics, cytogenetics, and specialized panels for genetic disorders and cancer.Radiology:The centre offers advanced imaging services such as MRI, CT scans, ultrasound, and digital X-rays, utilizing state-of-the-art equipment like a 3-Tesla MRI machine and a 128-slice CT scanner.Home Sample Collection:MDRC offers home blood sample collection services in several cities, providing convenience for patients unable to visit the centre.As on February 28, 2025, the company has total 570 Employees including Consultants and doctors.Competitive Strengths:Experienced Promoter and Management TeamComprehensive diagnostics provider delivering all-in-one solution at cost-effective pricesFocus on quality and customer serviceCentralized information technology platform
Objects of the Issue
1
Funding capital expenditure for purchase of medical Equipments for diagnostic centre and laboratories
2
Funding Working Capital Requirement
3
Repayment of certain outstanding borrowings availed by the Company
4
General Corporate Expenses
Modern Diagnostic & Research Centre Ltd Financials (Amount in ₹ Crore)
Revenue from Operations
₹68.7
31 Mar 2024
₹78.8
31 Mar 2025
₹22.7
30 Jun 2025
Profit After Tax (PAT)
₹5.8
31 Mar 2024
₹9.0
31 Mar 2025
₹3.0
30 Jun 2025
Particulars30 Jun 202531 Mar 202531 Mar 2024
Revenue from Operations 22.67 78.80 68.67
EBITDA 5.86 17.96 11.05
Profit After Tax (PAT) 3.00 8.97 5.79
Net Worth 23.72 20.73 11.76
Total Assets 77.86 64.57 49.49
Reserves & Surplus 12.72 9.73 10.76
Borrowings 30.38 22.09 20.46
EBITDA Margin (%) 23.04%
PAT Margin (%) 11.51%
P/BV Ratio
4.78
RoE
55.21%
RoCE
36.18%
RoNW
43.27%
PAT Margin
11.51%
EBITDA Margin
23.04%
Debt/Equity
1.07
Issue Structure & Shareholding
Total Shares Offered40,99,200 (100.00%)
Net Offer to Public38,92,800 shares (agg. up to ₹35 Cr)
Reserved for Market Maker2,06,400 shares (agg. up to ₹2 Cr)
Pre-Issue Promoter Holding1,10,00,000 shares
Post-Issue Promoter Holding1,50,99,200 shares
P/BV Ratio4.78
RoE55.21%
RoCE36.18%
Debt / Equity1.07
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
Beeline Capital Advisors Pvt.Ltd
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Modern Diagnostic & Research Centre Ltd IPO subscribed?

Modern Diagnostic & Research Centre Ltd IPO is subscribed 1.00 times by Jan 02, 2026. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Modern Diagnostic & Research Centre Ltd IPO retail subscription status?

The Modern Diagnostic & Research Centre Ltd IPO retail category is subscribed 1.00 times as of 02 Jan 2026. The retail portion is oversubscribed.

How to subscribe Modern Diagnostic & Research Centre Ltd IPO?

Subscribe via your broker app using ASBA or UPI. Opens 31 Dec 2025 and closes 02 Jan 2026. Min investment: ₹144,000 (1 lot = 1,600 shares). UPI mandate: 5:00 PM on 02 Jan 2026.

How many times Modern Diagnostic & Research Centre Ltd IPO subscribed?

The Modern Diagnostic & Research Centre Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Modern Diagnostic & Research Centre Ltd IPO allotment?

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd) at https://in.mpms.mufg.com/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 05 Jan 2026. Refunds: on 06 Jan 2026.

When Modern Diagnostic & Research Centre Ltd IPO will be listed?

The Modern Diagnostic & Research Centre Ltd IPO listing date is 07 Jan 2026, Wednesday. Listed on: BSE SME. Issue price: ₹90. Estimated listing: ₹104. GMP: +₹14.

When Modern Diagnostic & Research Centre Ltd IPO close?

The Modern Diagnostic & Research Centre Ltd IPO closes on 02 Jan 2026, Friday. UPI mandate: 5:00 PM on 02 Jan 2026. Allotment: 05 Jan 2026. Listing: 07 Jan 2026.