Modern Diagnostic & Research Centre Limited IPO
Modern Diagnostic is a services provider of diagnostic and related healthcare testing services in India. It offers a one-stop solution for pathology and radiology testing services, including imaging, radiology, and clinical laboratory services. Through its integrated nationwide network, the company provides a complete range of diagnostic facilities in radiology and pathology. Its healthcare tests and services are used for core testing, patient diagnosis and prevention, and the monitoring of diseases and other health conditions. Its customers include individual patients, hospitals, other healthcare providers, and corporate customers.
Price Band₹85 - ₹90 |
Dates31 Dec - 02 Jan |
GMP₹13.5 (15.00%) |
Subscriptions350.49 times |
Issue Size₹36.89 Crs |
Modern Diagnostic IPO Key Dates
Opening Date
31 Dec 25
Closing Date
02 Jan 26
Basis Of Allotment
05 Jan 26
Initiations Of Refund
06 Jan 26
Credit Of Shares
06 Jan 26
Listing Date
07 Jan 26
Modern Diagnostic IPO Objects
- Funding capital expenditure for purchase of medical equipment towards establishment of new diagnostic centre and labs
- Funding Working Capital Requirement
- Repayment of certain outstanding borrowings availed by the Company
- General Corporate Purpose
Modern Diagnostic IPO Details
Price Band₹85 - ₹90 |
Listing AtBSE SME |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹36.89 Cr (0.41 Cr Shares) |
Offer For Sale₹0.00 (0.00 Shares) |
Total Issue₹36.89 Cr (0.41 Cr Shares) |
Face Value₹10 per equity share |
Modern Diagnostic IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Individual Investor |
Minimum
2
3,200
2,88,000
Maximum
2
3,200
2,88,000
|
|||
| Small HNI |
Minimum
3
4,800
4,32,000
Maximum
6
9,600
8,64,000
|
|||
| Big HNI |
Minimum
7
11,200
10,08,000
|
|||
Modern Diagnostic IPO Subscription
Updated as on 02 Jan 2026 | 05:00:00 PM
| Investor Category | Subscription (times) | Shares Offered | Shared Bid |
|---|---|---|---|
| QIB | 193.51 | 7,82,400 | 15,14,00,000 |
| NII | 519.38 | 5,85,600 | 41,13,45,600 |
| bNII (bids above ₹10L) | 856.35 | 3,93,600 | 33,70,59,200 |
| sNII (bids between ₹2L to ₹10L) | 386.91 | 1,92,000 | 7,42,86,400 |
| Retail | 342.46 | 13,63,200 | 46,68,44,800 |
| Total | 350.49 | 29,37,600 | 1,02,95,90,400 |
Data is sourced from NSE & BSE and may change. Information is provided on an “AS IS” and “AS AVAILABLE” basis without warranties.
Modern Diagnostic IPO GMP
The estimated Grey Market Premium of Modern Diagnostic IPO is ₹13.5 per share (15.00%)
The GMP prices displayed here reflect news related to grey market trends. We do not trade or deal in the grey market, including subject-to-rates, nor do we recommend participating in grey market trading.
Category Allocation
| Particulars | Allocation |
|---|---|
| QIB | Not more than 50% of Net Offer |
| NII | Not less than 15% of Net Offer |
| Retail | Not less than 35% of Net Offer |
| Market Maker | 206400 EQ Shares |
Modern Diagnostic IPO Financials
| Particulars | Jun-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Revenue | 22.50 | 77.95 | 67.13 | 56.28 |
| PAT | 3.00 | 8.97 | 5.79 | -5.73 |
| Net Worth | 23.72 | 20.73 | 11.76 | 5.96 |
| Borrowings | 30.38 | 22.09 | 20.46 | 15.31 |
| Assets | 77.86 | 64.57 | 49.49 | 36.54 |
| NAV (₹) | 21.57 | 18.84 | 10.69 | 5.42 |
| EPS (₹) | 2.73 | 8.15 | 5.27 | -5.21 |
The financial information presented is on a consolidated basis
Key Performance Indicators
| KPI | KPI |
|---|---|
| EBITDA | 23.04% |
| PAT | 11.51% |
| RoNW | 43.27% |
| PE Ratio | 11.04 |
| PB Ratio | 4.78 |
| Mkt Cap (in Crs.) | 135.89 |
- All the data pertains to FY 2024-25.
- PE, PB, and market capitalization are calculated based on the Upper Price Band.
Modern Diagnostic IPO Peer Comparision
| Particulars | Modern Daignostic | Vijaya Diagnostic |
|---|---|---|
| Revenue | 77.95 | 681.39 |
| PAT | 8.97 | 143.79 |
| EPS (₹) | 8.15 | 13.92 |
| NAV (₹) | 18.84 | 77.42 |
| RONW | 43.27% | 18.07% |
| EBITDA | 23.04% | 40.10% |
| PAT Mrgn | 11.51% | 21.10% |
| PE Ratio | 11.04 | 72.36 |
- All information pertains to FY 2024-25.
- PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of March 28, 2025 for Peers
Modern Diagnostic IPO Peer Comparision
| Particulars | Modern Daignostic |
|---|---|
| Revenue | 77.95 |
| PAT | 8.97 |
| EPS (₹) | 8.15 |
| NAV (₹) | 18.84 |
| RONW | 43.27% |
| EBITDA | 23.04% |
| PAT Mrgn | 11.51% |
| PE Ratio | 11.04 |
| Vijaya Diagnostic |
|---|
| 681.39 |
| 143.79 |
| 13.92 |
| 77.42 |
| 18.07% |
| 40.10% |
| 21.10% |
| 72.36 |
- All information pertains to FY 2024-25.
- PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of March 28, 2025 for Peers
Promoter Details
| Name | Shareholding |
|---|---|
| Devendra Singh Yadav | 84.00% |
| Others | 16.00% |
| Total | 100.00% |
Management Details
| Name | Designation |
|---|---|
| Devendra Singh Yadav | MD & Chairman |
| Deepali Yadav | WTD |
| Jitendra Singh | CFO |
Company Details
Name: Modern Diagnostic & Research Centre Limited
Address: Plot No H-64,1st Floor BLK-H, Bali
Nagar City landmark near Khetar Pal
Hospital, Ramesh Nagar, West Delhi,
New Delhi, Delhi-110015, India
Number: 9999474297
Email: compliance@mdrcindia.com
Website: www.mdrcindia.com
Book Running Lead Managers (BRLMs)
RTAs
MUFG Intime India
Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
Modern Diagnostic IPO is a SME IPO having an issue size of Rs. ₹36.89 Crs. Modern Diagnostic IPO is priced at ₹85 - ₹90 per share. The issue opens on 31 Dec 25 and closes on 02 Jan 26.
Modern Diagnostic IPO opens on 31 Dec 25 and closes on 02 Jan 26.
The estimated Grey Market Premium of Modern Diagnostic IPO is ₹13.5 per share (15.00%).
The minimum lot size of Modern Diagnostic IPO is 1600 shares & the minimum application amount is Rs. 144000.
The allotment date of Modern Diagnostic IPO is 05 Jan 26.
The listing date of Modern Diagnostic IPO is 07 Jan 26.
Modern Diagnostic IPO is subscribed 350.49 times.
Modern Diagnostic IPO is priced at ₹85 - ₹90 per share.
Click the allotment link on Modern Diagnostic IPO page of IPO360.
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- Money will remain blocked till the refund date
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