Modern Diagnostic IPO was subscribed overall 376.90 times on the last day, while the retail quota was subscribed 342.46 times, QIB subscribed 193.51 times, and NII quota subscribed 702.08 times, respectively.
Details About Modern Diagnostic IPO
Modern Diagnostic has received approval from SEBI for an IPO of ₹37 crores. The IPO comprises a fresh issue of ₹37 crores with a face value of ₹10 each.
Moreover, the company has set up a price band between ₹85 to ₹90 per share.
In this IPO, a total of 3,200 shares were available in 2 lot sizes for the minimum Retail category and maximum Retail category.
S-HNI (Min) has a total of 4,800 shares in 3 lot sizes.
S-HNI has 9,600 shares in 6 lot sizes.
B-HNI Minimum shares in 11,200 shares in 7 lot sizes.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹2,88,000.
- Retail Investors’ maximum investment of ₹2,88,000.
- S-HNI (Minimum): Minimum investment of ₹4,32,000.
- S-HNI (maximum): Minimum investment of ₹8,64,000.
- B-HNI Minimum: Minimum investment of ₹10,08,000.
Subscription Duration of the Modern Diagnostic IPO
The opening date of the Modern Diagnostic IPO subscription was December 31, 2025, and the closing date was January 2, 2025. The Modern Diagnostic IPO allotment was finalized on January 5, 2026, and the IPO listing is on January 7, 2026.
Funds Deployment of This Company
- Funding capital expenditure for the purchase of medical equipment for the diagnostic centre and laboratories.
- Funding Working Capital Requirement.
- Repayment of certain outstanding borrowings availed by the Company
- General Corporate Purpose.
About Modern Diagnostic IPO
Modern Diagnostic & Research Centre Limited was established in 1985. It is a well-known diagnostic and healthcare service provider in India. The company offers a wide range of diagnostic services, including radiology and pathology tests.
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.
