| One of the leading diagnostic and healthcare-related services providers in India. The company offers a complete range of diagnostic facilities in radiology and pathology. |
Modern Diagnostic IPO open date is December 31, 2025 and the IPO will close on January 2, 2026. Modern Diagnostic IPO is a Book Build Issue. The company to raise around ₹37 crores via IPO that comprises fresh issue of ₹37 crores and offer for sale up to [.] equity shares with face value of ₹10 each.
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1. Modern Diagnostic IPO Details
| IPO Open Date | December 31, 2025 |
| IPO Close Date | January 2, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹85 to ₹90 Per Share |
| Issue Size | Approx ₹37 Crores |
| Fresh Issue | Approx ₹37 Crores |
| Issue Type | Book Build Issue |
| IPO Listing | BSE SME |
2. Modern Diagnostic IPO Market Lots
The Modern Diagnostic IPO minimum market lot is 3,200 shares with ₹2,88,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 3,200 | ₹2,88,000 |
| Retail Maximum | 2 | 3,200 | ₹2,88,000 |
| S-HNI Minimum | 3 | 4,800 | ₹4,32,000 |
| S-HNI Maximum | 6 | 9,600 | ₹8,64,000 |
| B-HNI Minimum | 7 | 11,200 | ₹10,08,000 |
3. IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | 11,61,600 Shares | 28.34% |
| QIB (Ex. Anchor) | 7,82,400 Shares | 19.09% |
| NII Shares Offered | 5,85,600 Shares | 14.29% |
| Retail Shares Offered | 13,63,200 Shares | 33.26% |
4. Modern Diagnostic IPO Dates
The Modern Diagnostic IPO date is December 31 and the close date is January 2. The Modern Diagnostic IPO allotment will be finalized on January 5 and the IPO listing on January 7.
| IPO Open Date: | December 31, 2025 |
| IPO Close Date: | January 2, 2026 |
| Basis of Allotment: | January 5, 2026 |
| Refunds: | January 6, 2026 |
| Credit to Demat Account: | January 6, 2026 |
| IPO Listing Date: | January 7, 2026 |
| IPO Bidding Cut-off Time: | January 2, 2026 – 5 PM |
5. Promoters and Holding Pattern
The promoters of the company are Mr. Devendra Singh Yadav, Mrs. Deepali Yadav, Mrs. Asha Yadav, and Mr. Jitendra Singh.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,10,00,000 | 99.99% |
| Promoter Holding Post Issue | 1,50,99,200 | 72.85% |
6. Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| Funding capital expenditure for purchase of medical Equipments for diagnostic centre and laboratories | ₹20.69 |
| Funding Working Capital Requirement | ₹11.60 |
| Repayment of certain outstanding borrowings availed by the Company | ₹4.50 |
| General Corporate Purpose | ₹- |
7. About Modern Diagnostic IPO
Modern Diagnostic & Research Centre Limited, founded in 1985, is one of the leading diagnostic and healthcare-related services providers in India. The company offers a complete range of diagnostic facilities in radiology and pathology. Modern Diagnostic is involved in providing healthcare tests and services for diagnosis for individual patients, hospitals, healthcare providers, and corporate clients.
The company offers many diagnostic services in radiology and pathology, such as ultrasound and colour doppler, CT scan, MRI, digital X-ray, mammography, heart lab, neuro lab, laboratory tests, ECG, CBCT, OPG, PFT, and more. They also provide services like home sample collection, where they visit the patients to take the blood sample who are unable to visit the centre. Moreover, the company currently runs 21 centers, 17 labs, and 4 diagnostic centers across 8 states.
8. Modern Diagnostic IPO Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹56.61 | ₹62.55 | ₹5.73 | ₹36.54 |
| 2024 | ₹68.67 | ₹61.81 | ₹5.79 | ₹49.49 |
| 2025 | ₹78.80 | ₹66.08 | ₹8.97 | ₹64.57 |
| June 2025 | ₹22.67 | ₹18.40 | ₹3.00 | ₹77.86 |
9. Modern Diagnostic IPO Valuation – FY2025
Check Modern Diagnostic IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 55.21% |
| ROCE: | 36.18% |
| EBITDA Margin: | 23.04% |
| PAT Margin: | 11.51% |
| Debt to equity ratio: | 1.07 |
| Earning Per Share (EPS): | ₹8.15 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 43.27% |
| Net Asset Value (NAV): | ₹18.84 |
10. Strength & Risks
| Strength | Risks |
| Experienced Promoters & Strong Leadership | Operational Disruptions at Labs & Centers |
| Comprehensive & Affordable Diagnostic Solutions | Dependence on Brand Reputation |
| Strong Focus on Quality & Patient Experience | High Dependence on Pathology Revenue |
11. Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Vijaya Diagnostic Limited | 13.92 | 72.36 | 18.07% | 77.42 | – Cr. |
12. IPO Lead Managers aka Merchant Bankers
- Beeline Capital Advisors Pvt. Ltd.
13. Company Address
Modern Diagnostic & Research Centre Limited.
Plot No H-64,1st Floor BLK-H, Bali
Nagar City landmark near Khetar Pal
Hospital, Ramesh Nagar, West Delhi,
New Delhi, Delhi-110015, India
Phone: 9999474297
Email Id: compliance@mdrcindia.com
Website: https://www.mdrcindia.com/
14. IPO Registrar
MUFG Intime India Pvt. Ltd.
Phone: +91-22-4918 6270
Email: moderndiagnostic.smeipo@in.mpms.mufg.com
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
Modern Diagnostic IPO FAQs
What is Modern Diagnostic IPO?
Modern Diagnostic IPO is SME IPO. The company is going to raise ₹37 Crores via IPO. The issue is priced at ₹85 to ₹90 per equity share. The IPO is to be listed on BSE.
When Modern Diagnostic IPO will open for subscription?
The IPO is to open on December 31, 2025 for QIB, NII, and Retail Investors. The IPO will close on January 2, 2026.
What is Modern Diagnostic IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
How to Apply the Modern Diagnostic IPO?
You can apply for Modern Diagnostic IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
What is Modern Diagnostic IPO Issue Size?
Modern Diagnostic IPO issue size is ₹37 crores.
What is Modern Diagnostic IPO Price Band?
Modern Diagnostic IPO Price Band is ₹85 to ₹90.
What is Modern Diagnostic IPO Lot Size?
The minimum bid is 3,200 Shares with ₹2,88,000 amount.
What is the Modern Diagnostic IPO Allotment Date?
Modern Diagnostic IPO allotment date is January 5, 2026.
What is the Modern Diagnostic IPO Listing Date?
Modern Diagnostic IPO listing date is January 7, 2026. The IPO is to list on BSE.
Note: The Modern Diagnostic IPO price band and date are officially announced. The (Modern Diagnostic IPO grey market premium) will be added to the IPO GMP page soon).
Disclaimer: This content is provided strictly for educational and informational purposes. The securities or investments mentioned are not to be considered as investment advice or recommendations. We are not SEBI registered. The Investors are advised to do their own research or connect with a financial advisor before making any investment decisions.
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