Data sourced from BSE · Compiled by IPO Ji · IPO subscription data last updated
Total 376.97x·QIB 193.51x·NII 702.43x·Individual 342.46x
Based on individual subscription by applications (342.46×), approximately 1 in 342 individual applications may receive an allotment. Final allotment is decided by the registrar’s computerised lottery.
Modern Diagnostic & Research Centre Limited SME IPO was subscribed 376.97x in total when bidding closed on Jan 2, 2026, with 193.51x in the QIB category, 702.43x in NII, 342.46x in individual across BSE. This represents a strong oversubscription, reflecting heavy investor demand; a high subscription figure does not guarantee listing gains, and allotment follows the applicable category and exchange rules. The issue ran from Dec 31, 2025 to Jan 2, 2026 at a price band of ₹85–₹90 per share. Allotment was finalised on Jan 5, 2026.
| Category | Offer | Applied | Times |
|---|---|---|---|
| QIBs | 782400 | 151400000 | 193.51 |
| NIIs | 585600 | 411345600 | 702.43 |
| BNIIs (>10L) | 390400 | 337059200 | 863.37 |
| SNIIs (<10L) | 195200 | 74286400 | 380.57 |
| Individual | 1363200 | 466844800 | 342.46 |
| Total | 2731200 | 1029590400 | 376.97 |
| Total Applications1,89,518 approx. |
|||
| Category | Reserve | Applied | Times |
|---|---|---|---|
| BNIIs (>10L) | 81 | 28,729 | 354.68 |
| SNIIs (<10L) | 41 | 14,791 | 360.76 |
| Individual | 426 | 1,45,889 | 342.46 |
| Total Applications1,89,518 approx. |
|||
| Category | Offered | Demand | Times |
|---|---|---|---|
| QIBs | 7.04 | 1362.6 | 193.51 |
| FIIs | - | 277.65 | - |
| DIIs | - | 37.60 | - |
| Mutual Funds | - | 0.00 | - |
| Others | - | 1047.36 | - |
| NIIs | 5.27 | 3702.11 | 702.43 |
| BNIIs (>10L) | 3.51 | 3033.53 | 863.37 |
| SNIIs (<10L) | 1.76 | 668.58 | 380.57 |
| Individual | 12.27 | 4201.6 | 342.46 |
| TOTAL | 24.58 | 9266.31 | 376.97 |
| As on | QIB |
NII
bHNI
sHNI
|
Individual | Total |
|---|---|---|---|---|
|
Day 1
31 Dec 2025
5:00 PM
|
4.01x |
9.42x
11.86x
4.56x
|
5.51x | 5.92x |
|
Day 2
1 Jan 2026
5:00 PM
|
8.94x |
53.57x
64.47x
31.77x
|
33.85x | 30.94x |
|
Day 3
2 Jan 2026
5:00 PM
|
193.51x |
702.43x
863.37x
380.57x
|
342.46x | 376.97x |
Anticipated subscription based on the number of applications received (an alternative to the shares-based figures above), sourced from BSE.
| Category | Times (by applications) |
|---|---|
| bHNI | 354.68x |
| sHNI | 360.76x |
| Individual | 342.46x |
Because Modern Diagnostic & Research Centre closed oversubscribed, applicants were not guaranteed full allotment. In oversubscribed issues, shares are allotted according to the applicable category and exchange rules, so applicants are not guaranteed full allotment once an issue is oversubscribed. The number of times each category is subscribed is one indicator of demand, alongside the company's fundamentals and the broader market.
A high subscription figure reflects strong demand but does not guarantee a premium listing, and a low figure does not guarantee a discount. This page is for information only and is not investment advice. Investors should read the company's prospectus and consult a SEBI-registered adviser before making any decision.
IPO subscription status shows how many times an issue has been applied for, compared with the shares on offer, broken down by Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and the Retail or SME Individual Investor category. A figure of "2x" means investors applied for twice the shares available. See how IPO subscription works and track all live IPOs →
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