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 |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Modern Diagnostic IPO Review & Key Points
- Review:
Modern Diagnostic IPO Market Lot
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 |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
Modern Diagnostic IPO Anchor Investors
| Anchor Bidding Date | 2025 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| lock-in period end date 50% shares (30 Days) | 2025 |
| lock-in period end date 50% shares (90 Days) | 2025 |
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 |
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% |
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 | ₹- |
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.
Modern Diagnostic IPO Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2022 | ₹60.58 | ₹59.44 | ₹1.45 | ₹48.70 |
| 2023 | ₹56.61 | ₹62.55 | ₹5.73 | ₹36.54 |
| 2024 | ₹68.67 | ₹61.81 | ₹5.79 | ₹49.49 |
| September 2024 | ₹40.33 | ₹33.39 | ₹4.96 | ₹57.79 |
Modern Diagnostic IPO Valuation – FY2024
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: | 65.40% |
| ROCE: | 25.58% |
| EBITDA Margin: | 16.46% |
| PAT Margin: | 8.63% |
| Debt to equity ratio: | 1.74 |
| Earning Per Share (EPS): | ₹5.27 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 49.28% |
| Net Asset Value (NAV): | ₹117.58 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Vijaya Diagnostic Centre Limited | 11.18 | 56.94 | 17.54% | 63.84 | – Cr. |
IPO Lead Managers aka Merchant Bankers
- Beeline Capital Advisors Pvt. Ltd.
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: [email protected]
Website: https://www.mdrcindia.com/
IPO Registrar
MUFG Intime India Pvt. Ltd.
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
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