Modern Diagnostic & Research Centre Ltd IPO — GMP ₹14

Important Dates

6/6 completed

Open

Allotment

Refund

Demat

Listing

Done

Open Date

31 Dec 2025

Wed Completed

Done

Close Date

02 Jan 2026

Fri Completed

Done

Allotment

05 Jan 2026

Mon Completed

Done

Refund

06 Jan 2026

Tue Completed

Done

Demat Credit

06 Jan 2026

Tue Completed

Done

Listing Date

07 Jan 2026

Wed Completed

Issue Details

Pricing & Size

Issue Price

₹90 Face ₹10

Lot Size

1,600 shares

Min Investment

₹144,000

Total Issue Size

40,99,200 shares (agg. up to ₹37 Cr)

IPO Information

Issue Type

Mainboard

Sale Type

Fresh Capital

Listing Exchange

BSE SME

Script / Ticker

Allocation Breakdown

Market Maker

2,06,400 (5.04%)

QIB Portion

19,44,000 (47.42%)

NII / HNI

5,85,600 (14.29%)

Retail

13,63,200 (33.26%)

Employee

Net Offer to Public

38,92,800 shares (agg. up to ₹35 Cr)

Shareholding Pattern

Pre-Issue Shareholding

1,10,00,000 shares

Post-Issue Shareholding

1,50,99,200 shares

Application Size

Category	Min Lots	Shares	Amount
Retail (sNII)	2	3,200	₹2,88,000
HNI / NII	3	4,800	₹4,32,000

Objects of Issue

4 objectives

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

20.69 Cr

Funding Working Capital Requirement

8.00 Cr

Repayment of certain outstanding borrowings availed by the Company

1.00 Cr

General Corporate Expenses

Lead Managers & Market Maker

Book Running Lead Managers

Beeline Capital Advisors Pvt.Ltd

Market Maker

Spread X Securities Pvt.Ltd.

IPO Timeline

Open

31 Dec

✓ Done

02 Jan

✓ Done

Allotment

05 Jan

✓ Done

Listing

07 Jan

✓ Done

Registrar Details

MUFG Intime India Pvt.Ltd

SEBI Registered Registrar & Transfer Agent

Phone

+91-22-4918 6270

moderndiagnostic.smeipo@in.mpms.mufg.com

Website

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

Check Allotment Status

Company Contact

Website

http://www.mdrcindia.com/

compliance@mdrcindia.com

Phone

9999474297

Address

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

Grey Market Premium

LIVE

Current GMP

+₹14

+15.56% vs Issue Price

Issue Price

₹90

Est. Listing

₹104

Lot Size

1,600 shares

P&L / Lot

+₹22,400

GMP is unofficial grey market data. Does not guarantee listing price or returns.

GMP Return Calculator

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Estimated Listing

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ROI

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| Price

Market Reference

IPO Issue Price

₹90

GMP

+₹14 (+15.56%)

GMP Est. Listing

₹104

Previous Close

—

Exchange

—

Data from Yahoo Finance. May be delayed 15–20 min. GMP is unofficial. Not investment advice.

Category-wise Subscription

Category	Sub (×)	Offered	Bid For	Amt (Cr)*
QIB	—	19,44,000 (47.42%)	—	₹1,749.60 Cr
NII / HNI (Total)	—	5,85,600 (14.29%)	—	₹527.04 Cr
Retail Investors	—	13,63,200 (33.26%)	—	₹1,226.88 Cr
Total **	—	40,99,200 (100.00%)	—	₹36,892.80 Cr
Market Maker *	—	2,06,400 (5.04%)	—	₹18.58 Cr

* Based on ₹90.00 (upper price band)

NII / HNI Breakdown

Shares Reserved

QIB

19,44,000 (47.42%)

NII

5,85,600 (14.29%)

Retail

13,63,200 (33.26%)

Market Maker

2,06,400 (5.04%)

* Shares Offered and Total Amount are indicative. ** Excluding Market Maker portion. Data sourced from exchange bidding platform.

Financial Summary

Amount in ₹ Crore

Metric	30 Jun 2025	31 Mar 2025	31 Mar 2024
Revenue	22.67	78.80	68.67
PAT	3.00	8.97	5.79
EBITDA	5.86	17.96	11.05
Net Worth	23.72	20.73	11.76
Total Assets	77.86	64.57	49.49
Reserves	12.72	9.73	10.76
Borrowings	30.38	22.09	20.46

Key Financial Ratios

55.21%

ROE

Return on Equity

36.18%

ROCE

Return on Capital Employed

43.27%

RONW

Return on Net Worth

11.51%

PAT Margin

PAT / Revenue

23.04%

EBITDA Mgn

EBITDA / Revenue

1.07

D/E Ratio

Debt to Equity

4.78

P/BV

Price to Book Value

8.15

Pre EPS

EPS Pre-Issue

7.94

Post EPS

EPS Post-Issue

11.04

Pre P/E

P/E Pre-Issue

11.33

Post P/E

P/E Post-Issue

About Modern Diagnostic & Research Centre Ltd

Incorporated in 1985, Modern Diagnostic & Research Centre Limited (MDRC) is a diagnostic chain in India, offering a comprehensive range of pathology and radiology services.

The company provides reliable diagnostic tests, home specimen collection, online reports, and customized test packages for institutional customers and patients based on their specific needs.

The company operates 21 centers (17 labs, 4 diagnostic centers) across 8 states, offering diagnostic services like ultrasound, CT, MRI, X-ray, ECG, PFT, and specialized labs for heart and neuro care.

Services:

Pathology:MDRC provides a wide array of tests, including high-end molecular diagnostics, cytogenetics, and specialized panels for genetic disorders and cancer.
Radiology:The centre offers advanced imaging services such as MRI, CT scans, ultrasound, and digital X-rays, utilizing state-of-the-art equipment like a 3-Tesla MRI machine and a 128-slice CT scanner.
Home Sample Collection:MDRC offers home blood sample collection services in several cities, providing convenience for patients unable to visit the centre.

As on February 28, 2025, the company has total 570 Employees including Consultants and doctors.

Competitive Strengths:

Experienced Promoter and Management Team
Comprehensive diagnostics provider delivering all-in-one solution at cost-effective prices
Focus on quality and customer service
Centralized information technology platform

Frequently Asked Questions

What is the issue price of Modern Diagnostic & Research Centre Ltd IPO?

The issue price of Modern Diagnostic & Research Centre Ltd IPO is ₹90 per share, face value ₹10.

What is the lot size?

Minimum lot size is 1,600 shares, requiring ₹144,000.

What are the IPO dates?

Opens 31 Dec 2025, closes 02 Jan 2026.

When is the listing date?

Tentative listing: 07 Jan 2026 on BSE SME.

What is the current GMP?

Current GMP is +₹14, estimated listing ₹104 (+15.56%). GMP is unofficial.

How to apply?

Apply via ASBA through your bank, or via UPI through any broker app.

Check Allotment Status

Modern Diagnostic & Research Centre Ltd IPO · Expected 05 Jan 2026

Check on Registrar

Post-IPO Timeline

Allotment Date

05 Jan 2026

Refund Initiation

06 Jan 2026

Demat Credit

06 Jan 2026

Listing Date

07 Jan 2026

Live Price LIVE

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Quick Facts

Closed

GMP Signal

Bullish

+₹14

+15.56%

Issue Price

₹90

Face ₹10

Lot Size

1,600

shares / lot

Min Amount

₹144,000

1 lot

Est. Listing

₹104

GMP +₹14

Key Dates

Open

31 Dec Done

02 Jan Done

Listing

07 Jan Done

Registrar

MUFG Intime India Pvt.Ltd