Incorporated in 1985, Modern Diagnostic & Research Centre Limited is a well-established diagnostic chain in India offering pathology and radiology services. The company operates multiple laboratories and diagnostic centres across India, providing advanced imaging, molecular diagnostics, home sample collection and customized healthcare solutions.
Modern Diagnostic IPO – Price Band, Dates, Lot Size & Financials
IPO Dates
31 Dec 2025 – 02 Jan 2026
Listing Date
07 Jan 2026 (Tentative)
Market Cap
₹135.89 Cr (Pre-IPO)
Modern Diagnostic IPO Details
| Issue Type | Bookbuilding IPO |
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| Face Value | ₹10 per share |
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| Total Issue Size | 40,99,200 shares (₹36.89 Cr) |
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| Fresh Issue | 40,99,200 shares |
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| Listing At | BSE SME |
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| Lead Manager | Beeline Capital Advisors Pvt. Ltd. |
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| Registrar | MUFG Intime India Pvt. Ltd. |
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| Market Maker | Spread X Securities Pvt. Ltd. |
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IPO Timeline
| IPO Open | Wed, 31 Dec 2025 |
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| IPO Close | Fri, 02 Jan 2026 |
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| Allotment | Mon, 05 Jan 2026 |
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| Refunds | Tue, 06 Jan 2026 |
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| Demat Credit | Tue, 06 Jan 2026 |
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| Listing | Wed, 07 Jan 2026 |
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Modern Diagnostic IPO Lot Size
| Category | Lots | Shares | Amount |
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| Retail (Min) | 2 | 3,200 | ₹2,88,000 |
| S-HNI (Min) | 3 | 4,800 | ₹4,32,000 |
| B-HNI (Min) | 7 | 11,200 | ₹10,08,000 |
Company Financials (₹ Crore)
| Period | FY24 | FY23 |
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| Total Income | 68.67 | 56.61 |
| PAT | 5.79 | -5.73 |
| Net Worth | 11.76 | 5.96 |
| Total Assets | 49.49 | 36.54 |
Key Performance Indicators
| ROE | 65.40% |
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| ROCE | 25.58% |
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| Debt / Equity | 1.74 |
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| PAT Margin | 8.63% |
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| Pre IPO P/E | 17.08x |
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| Post IPO P/E | 13.71x |
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About Modern Diagnostic & Research Centre Ltd.
Incorporated in 1985, Modern Diagnostic & Research Centre Limited is a well-established diagnostic chain in India offering pathology and radiology services. The company operates multiple laboratories and diagnostic centres across India, providing advanced imaging, molecular diagnostics, home sample collection and customized healthcare solutions.
Objects of the Issue
- Purchase of medical equipment for diagnostic centres and laboratories
- Funding working capital requirements
- Repayment of certain outstanding borrowings
- General corporate expenses
For complete and detailed information, refer to the DRHP.
