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Open
31 Dec, 2025 to 2 Jan, 2026
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Close
31 Dec, 2025 to 2 Jan, 2026
3
Allotment
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Listing
Wed, Jan 7, 2026
Price Band
₹85 to ₹90
Issue Size
40,99,200 shares (agg. up to ₹37 Cr)
Lot Size
1,600 Shares
Listing Date
Wed, Jan 7, 2026
Latest GMP
₹14
Est. Gain
15.56%
✦ AI Insight
GMP Trend
07-01-2026₹14Est. ₹104+15.56%
06-01-2026₹14Est. ₹104+15.56%
05-01-2026₹13.5Est. ₹103.5+15%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 263.37x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 77.86 | 64.57 | 49.49 | 36.54 |
| Total Income | 22.67 | 78.80 | 68.67 | 56.61 |
| Profit After Tax | 3.00 | 8.97 | 5.79 | -5.73 |
| EBITDA | 5.86 | 17.96 | 11.05 | -0.99 |
| NET Worth | 23.72 | 20.73 | 11.76 | 5.96 |
| Reserves and Surplus | 12.72 | 9.73 | 10.76 | 4.96 |
| Total Borrowing | 30.38 | 22.09 | 20.46 | 15.31 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Invicta Diagnostic Ltd. | SME | ₹28.12 Cr | ₹85 | 14.51 | ₹96.70 | +13.76% | ₹68.50 (+0.74%) |
| Star Imaging & Path Lab Ltd. | SME | ₹69.47 Cr | ₹142 | 12.01 | ₹135.95 | -4.26% | ₹95.48 (-0.59%) |
| Chandan Healthcare Ltd. | SME | ₹107.27 Cr | ₹159 | 19.44 | ₹173.35 | +9.03% | ₹241.50 (-1.71%) |
| Nephrocare Health Services Ltd. | Mainboard | ₹871.05 Cr | ₹460 | 63.52 | ₹471.25 | +2.45% | ₹635.80 (+0.07%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure for purchase of medical Equipments for diagnostic centre and laboratories | 20.69 |
| 2 | Funding working capital requirements of the Company | 8.00 |
| 3 | Repayment of certain outstanding borrowings availed by the Company | 1.00 |
| 4 | General Corporate Expenses | 3.33 |
| 5 | Issue Expenses | 3.87 |
| Total | 36.89 |
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 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. Competitive Strengths: Experienced Promoter and Management Team Comprehensive diagnostics provider delivering
Contact Details
Modern Diagnostic & Research Centre Ltd. AddressPlot No H-64, 1st Floor BLK-HBali Nagar City landmark near Khetar Pal HospitalRamesh Nagar, WestDelhi, New Delhi, 1100159999474297compliance@mdrcindia.comVisit Website