IPO

Modern Diagnostic & Research Centre Limited IPO

BSE SME

Listed On: Jan 7, 2026 at ₹ 99.5

₹ 288000 /3200 Shares
*Min Investment

Check Allotment

31 Dec, 2025

Open Date

02 Jan, 2026

Close Date

05 Jan, 2026

Allotment Date

07 Jan, 2026

Listing Date
Expected Premium
+ ₹12-13 (13.33%)

*Expected Premium provided in this app is derived from market rumors. It is not a guaranteed indicator of the actual listing price and should be interpreted with caution.

Modern Diagnostic & Research Centre IPO Live Subscription Details
View Subscription Details
QIB 193.51x
Individual 342.46x
NIIs 702.43x
BHNI 863.37x
SHNI 380.57x
Individual 342.46x
Total 376.97x
Last updated: 02 Jan 2026, 05:57 PM
Modern Diagnostic & Research Centre IPO Issue Details
  • Issue Price ₹85-90 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 40,99,200 shares(aggregating up to ₹36.89 crore)
  • Fresh Share 40,99,200 shares(aggregating up to ₹36.89 crore)
  • Listing at BSE SME
  • List Price 99.5
  • Listing Date 2026-01-07
  • Lead Manager Beeline Capital Advisors Pvt.Ltd.
  • Registrar MUFG Intime India Pvt.Ltd.
Market Lot Size

Investors can bid for a minimum of 3200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Individual (min) 2 3200 ₹2,88,000
Individual(max) 2 3200 ₹2,88,000
SHNI(min) 3 4800 ₹4,32,000
SHNI(max) 6 9600 ₹8,64,000
BHNI(min) 7 11200 ₹10,08,000
Modern Diagnostic & Research Centre IPO Reservation

Modern Diagnostic & Research Centre IPO offers total 4099200 shares. Out of which 782400 (19.09%) allocated to QIB, 585600 (14.29%) allocated to NII,1363200 (33.26%) allocated to RII, NA (NA%) allocated to employees and 1161600 (28.34%) allocated to Anchor investors.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered 1161600 (28.34%)
Market Maker Shares Offered 206400 (5.04%)
QIB Shares Offered 782400 (19.09%)
NII (HNI) Shares Offered 585600 (14.29%)
bNII > ₹10L 390400 (9.39%)
sNII < ₹10L 195200 (4.85%)
Individual Shares Offered 1363200 (33.26%)
Total Shares Offered 4099200 (100%)
Modern Diagnostic & Research Centre IPO Documents
Modern Diagnostic & Research Centre IPO Details


Modern Diagnostic & Research Centre Limited IPO is an SME IPO, priced at ₹85-90 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 40,99,200 equity shares, aggregating up to ₹36.89 crores..

The IPO bidding window is open from Dec 31, 2025 to Jan 2, 2026. The allotment is expected to be finalized on Jan 5, 2026, and the tentative listing date is Jan 7, 2026.

The minimum lot size for Individual investors is 3200 shares, with a minimum investment of ₹2,88,000.

Beeline Capital Advisors Pvt.Ltd. is acting as the lead manager to the issue. The registrar of the IPO is MUFG Intime India Pvt.Ltd., and

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Modern Diagnostic & Research Centre IPO Subscription Analysis And Details
Retail
342.46x
QIB
193.51x
NII
702.43x
bNII
863.37x
sNII
380.57x
Total
376.97x
As on QIB NII
bNII   sNII
Individual Total
Shares Offered / Reserved 7,82,400 5,85,600
3,90,400    1,95,200
13,63,200 27,31,200
Day 1 31-12-25 05:00 PM
4.01 x 9.42 x
11.86 x   4.56 x
5.51 x 5.92 x
Day 2 01-01-26 05:00 PM
8.94 x 53.57 x
64.47 x   31.77 x
33.85 x 30.94 x
Day 3 02-01-26 05:00 PM
193.51 x 702.43 x
863.37 x   380.57 x
342.46 x 376.97 x

Total No of Applications
1,89,518
Subscription on the basis of Applications
Retail:342.46x BHNI:354.68x SHNI:360.76x
Modern Diagnostic & Research Centre Valuations
EPS Pre IPO ₹8.15/-
EPS Post IPO ₹7.94/-
P/E Pre IPO 11.04
P/E Post IPO 11.33
ROE 55.21%
ROCE 36.18%
Debt/Equity 1.07
RoNW 43.27%
PAT Margin 11.51%
Price to Book Value 4.78
Market Cap. 135.89 Cr.
Modern Diagnostic & Research Centre Company Financials
In Crs.
In Cr.
30-Jun-25 31-Mar-25 31-Mar-24 31-Mar-23
Assets 77.86 64.57 49.49 36.54
Revenue 22.67 78.80 68.67 56.61
Profit After Tax 3.00 8.97 5.79 -5.73
Net Worth 23.72 20.73 11.76 5.96
Reserves & Surplus 12.72 9.73 10.76 4.96
Total Borrowing 30.38 22.09 20.46 15.31
About Modern Diagnostic & Research Centre Company

Incorporated in 1985, Modern Diagnostic & Research Centre Limited (MDRC) is an Indian diagnostic chain offering diverse services in pathology, radiology, and other related fields.The firm offers credible diagnostic tests, home sample collection services, web-based reporting, and tailored test packages to institutions as well as clients according to their requirements.

The organization has 21 centers (18 labs and 3 diagnostic centers) in 8 states with the provision of diagnostic services in ultrasound, CT scan, MRI scan, X-ray, ECG, PFT, and heart and neurological specialties labs.

Services:
Pathology:MDRC offers a broad range of tests that include high-end molecular, cytogenetics, and focused panels for genetic diseases and neoplasms.
Radiology: The facility provides modern imaging services including MRI, CT scans, ultrasound, and digital X-rays, employing cutting-edge technology such as a 3-Tesla MRI machine and a 128-slice CT scanner. Home Sample Collection: The MDRC has a home blood sample collection facility available in a number of cities, allowing patients to save time as they do not need to come to the centre themselves.

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Modern Diagnostic & Research Centre - Promoter(s)

Mr. Devendra Singh Yadav

Mrs. Deepali Yadav

Mrs. Asha Yadav

Mr. Jitendra Singh

Pre Issue Share Holding : 99.99%

Post Issue Share Holding : 72.85%

Modern Diagnostic & Research Centre IPO - Issue Objectives
1

Funding capital expenditure for purchase of medical Equipments for diagnostic centre and laboratories

2

Funding Working Capital Requirement

3

Repayment of certain outstanding borrowings availed by the Company

4

General Corporate Expenses

Contact Details

Modern Diagnostic & Research Centre

Plot No H-64, 1st Floor BLK-H, Bali Nagar City landmark near Khetar Pal Hospital, Ramesh Nagar, West Delhi West Delhi, New Delhi, 110015

9999474297

compliance@mdrcindia.com

http://www.mdrcindia.com/

Registrar Contact Details

MUFG Intime India Private Limited (Link Intime)

+91-22-4918 6270

moderndiagnostic.smeipo@in.mpms.mufg.com

https://in.mpms.mufg.com/Initial_Offer/public-issues.html