Modern Diagnostic & Research Centre Limited IPO

Modern Diagnostic & Research Centre Limited IPO

SME BSE SME 100% Book Built Offer
Closed

Price Band

₹85 - ₹90

Total Issue

₹36.89 Cr

Bid Dates

31 Dec - 02 Jan

Subscription

350.49x

Est. GMP

₹13.5 (15.00%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

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.

Lot Info

Lot Information for Modern Diagnostic IPO
Category Lots Shares Amount
Individual (Min) 2 3,200 ₹2,88,000
Individual (Max) 2 3,200 ₹2,88,000
S-HNI (Min) 3 4,800 ₹4,32,000
S-HNI (Max) 6 9,600 ₹8,64,000
B-HNI (Min) 7 11,200 ₹10,08,000
Market Maker
206400 EQ Shares
Employee
₹0.00
Shareholder
₹0.00

Issue Size

Total ₹36.89 Cr
Fresh Issue
₹36.89 Cr (0.41 Cr Shares)
Offer For Sale
₹0.00 (0.00 Shares)

Objects of the Issue

A1

₹B1 Cr

A2

₹B2 Cr

A3

₹B3 Cr

Grey Market Premium

GMP ₹13.5
Est. Price ₹103.50
Est. Gain 15.00%

Modern Diagnostic IPO Peer Comparison

(Rs. in crores)

Modern Diagnostic IPO Peer Comparison Table
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

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Modern Diagnostic IPO
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

KPIs

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.

Shareholding

Promoter

100.00%

Public

0.00%

Devendra Singh Yadav 84.00%
Others 16.00%

Management

Devendra Singh Yadav MD & Chairman
Deepali Yadav WTD
Jitendra Singh CFO

Registrar & Lead Managers

Registrar

MUFG Intime India

MUFG Intime India

Lead Managers (1)

Beeline Broking Beeline Broking

Subscription Status

Updated as on 02 Jan 2026 | 05:00:00 PM

BSE SME Subscription Status for Modern Diagnostic IPO
Category Sub (x) Offered Bids
QIB 193.51x 7,82,400 15,14,00,000
NII 702.08x 5,85,600 41,11,39,200
bHNI 862.84x 3,90,400 33,68,52,800
sHNI 380.57x 1,95,200 7,42,86,400
Individual Investor 342.46x 13,63,200 46,68,44,800
Total 376.90x 27,31,200 1,02,93,84,000

Data is sourced from NSE & BSE and may change. Information is provided on an “AS IS” and “AS AVAILABLE” basis without warranties.

Frequently Asked Questions

What is Modern Diagnostic IPO?
Modern Diagnostic IPO is a SME IPO having an issue size of ₹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.
When will Modern Diagnostic IPO open?
Modern Diagnostic IPO opens on 31 Dec 25 and closes on 02 Jan 26.
What is the GMP of Modern Diagnostic IPO?
The estimated Grey Market Premium of Modern Diagnostic IPO is ₹13.5 per share (15.00%).
What is the lot size of Modern Diagnostic IPO?
The minimum lot size of Modern Diagnostic IPO is 1600 shares & the minimum application amount is Rs. 144000.
When is the allotment of Modern Diagnostic IPO?
The allotment date of Modern Diagnostic IPO is 05 Jan 26.
What is the listing date of Modern Diagnostic IPO?
The listing date of Modern Diagnostic IPO is 07 Jan 26.
What is the subscription of Modern Diagnostic IPO?
Modern Diagnostic IPO is subscribed 350.49 times.
What is the price band of Modern Diagnostic IPO?
Modern Diagnostic IPO is priced at ₹85 - ₹90 per share.
How to check allotment status of Modern Diagnostic IPO?
Click the allotment link on Modern Diagnostic IPO page of IPO360.
How to apply Modern Diagnostic IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Modern Diagnostic IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Modern Diagnostic IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Modern Diagnostic IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date