Modern Diagnostic And Research Centre IPO is a book build issue of 40,99,200 shares [₹36.89 crore]. The issue is a combination of a fresh issue of 40,99,200 shares [₹36.89 crore].
The Modern Diagnostic And Research Centre IPO will open for subscription on December 31, 2025, and close on January 02, 2026. The price band for the IPO is fixed at ₹85 to ₹90 per share. The minimum application size is 2 lot [3,200 shares], requiring a retail investor to invest at least ₹2,88,000 [based on the upper price band].
Modern Diagnostic And Research Centre IPO Details
| Open Date | December 31, 2025 |
| Close Date | January 02, 2026 |
| Issue Type | Book Building Issue |
| Face Value | ₹10 Equity Share |
| Price Band | ₹85 – ₹90 Per Share |
| Listing On | BSE, SME |
| Issue Size | ₹36.89 Cr. [40,99,200 Shares] |
| Fresh Issue | ₹36.89 Cr. [40,99,200 Shares] |
| Offer For Sale | Not Applicable |
| Prospectus | DRHP | RHP | Anchor Investors |
Modern Diagnostic And Research Centre IPO Anchor Investors Details
| Anchor Bid Date | December 30, 2025 |
| Anchor Portion Size | ₹10.45 Cr. |
| Share Offered | 11,61,000 Shares |
| Anchor lock-in period end date for 50% shares [30 Days] | February 04, 2026 |
| Anchor lock-in period end date for remaining shares [90 Days] | April 05, 2026 |
Modern Diagnostic And Research Centre IPO Reservation
A total of 40,99,200 shares are on offer in the Modern Diagnostic And Research Centre IPO, of which 19,44,000 have been allotted to QIBs, 5,85,600 to NIIs, and 13,63,200 to RIIs.
| Category | Reservation | Shares Offered |
|---|---|---|
| QIB | 47.42% | 19,44,000 |
| NII | 14.29% | 5,85,600 |
| RII | 33.26% | 13,63,200 |
| Market Maker | 5.04% | 2,06,400 |
| Total | 100.00% | 40,99,200 |
Modern Diagnostic And Research Centre IPO Market Lot
Retail investors can apply for the Modern Diagnostic And Research Centre IPO with a minimum and maximum of 2 lot of 3,200 shares for an application amount of ₹2,88,000.
| Application | Lot | Shares | Amount |
| Retail Minimum | 2 | 3,200 | ₹2,88,00 |
| 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 |
Key Performance Indicator
| KPI [March 31, 2025] | Value |
| Market Capitalisation | ₹135.89 Cr. |
| P/E Ratio | 11.04x |
| EPS | ₹8.15 |
| ROE | 55.21% |
| ROCE | 36.18% |
| RoNW | 43.27% |
| Dept/Equity | 1.07 |
| EBITDA Margin | 23.04% |
| PAT Margin | 8.63% |
| Net Assets Value | ₹18.84 |
| Price To Book Value | ₹4.78 |
Modern Diagnostic And Research Centre IPO Peer Comparison
| Company | P/E | EPS | RoNW | NAV |
| Vijaya Diagnostic Centre Limited | 72.36x | ₹13.92 | 18.07% | ₹77.42 |
Modern Diagnostic And Research Centre IPO Dates
Modern Diagnostic And Research Centre IPO opening date is December 31, 2025, and the closing date is January 02, 2026. The allotment will be finalized on January 05, 2026, and the IPO will be listed on January 07, 2026.
| Open Date | December 31, 2025 |
| Close Date | January 02, 2026 |
| Allotment Date | January 05, 2026 |
| Refund Date | January 06, 2026 |
| Share Credit Date | January 06, 2026 |
| Listing Date | January 07, 2026 |
Modern Diagnostic And Research Centre Company Financial Report [Restated]
Modern Diagnostic And Research Centre Limited income grew by 15.00% and profit after tax grew by 55.00% between the financial years ending March 31, 2025 and March 31, 2024.
| Period Ended | Total Assets | Total Income | Total Expenses | Net Worth | Profit After Tax | EBITDA | Reserves And Surplus | Total Borrow |
|---|---|---|---|---|---|---|---|---|
| June 2025 | ₹77.86 Cr. | ₹22.67 Cr. | ₹18.40 Cr. | ₹23.72 Cr. | ₹3.00 Cr. | ₹5.86 Cr. | ₹12.72 Cr. | ₹30.38 Cr. |
| March 2025 | ₹64.57 Cr. | ₹78.80 Cr. | ₹66.08 Cr. | ₹20.73 Cr. | ₹8.97 Cr. | ₹17.96 Cr. | ₹9.73 Cr. | ₹22.09 Cr. |
| March 2024 | ₹49.49 Cr. | ₹68.67 Cr. | ₹61.81 Cr. | ₹11.76 Cr. | ₹5.79 Cr. | ₹11.05 Cr. | ₹10.76 Cr. | ₹20.46 Cr. |
| March 2023 | ₹36.54 Cr. | ₹56.61 Cr. | ₹62.55 Cr. | ₹5.96 Cr. | ₹-5.73 Cr. | ₹-0.99 Cr. | ₹4.96 Cr. | ₹15.31 Cr. |
Company Promoters
- Mr. Devendra Singh Yadav
- Mrs. Deepali Yadav
- Mrs. Asha Yadav
- Mr. Jitendra Singh
| Holding Pre Issue | 99.99% | 1,10,00,000 Shares |
| Holding Post Issue | 72.85% | 1,50,99,200 Shares |
Modern Diagnostic And Research Centre IPO Lead Managers
- Beeline Capital Advisors Private Limited
Modern Diagnostic And Research Centre IPO Registrar
MUFG Intime India Private Limited
Phone: +91 810 811 4949
Email: moderndiagnostic.smeipo@in.mpms.mufg.com
Website: https://in.mpms.mufg.com/
Note: Check Modern Diagnostic And Research Centre IPO Allotment Status Visit IPO Investors Allotment Page And Search Your Registrar IPO Allotment Status Link. Click Here…
About Modern Diagnostic And Research Centre Limited
Incorporated in 1985, Modern Diagnostic And Research Centre Limited (MDRC) is a well-established diagnostic chain in India. The company offers a comprehensive portfolio of pathology and radiology services, catering to the growing demand for accurate and timely diagnostic solutions across the country.
MDRC provides a wide range of diagnostic services, including reliable laboratory tests, home specimen collection, online report delivery, and customized diagnostic packages. These services are designed to meet the specific requirements of both institutional clients and individual patients, ensuring convenience and efficiency.
The company operates a total of 21 centers, comprising 17 laboratories and 4 diagnostic centers, spread across 8 states in India. Its facilities offer advanced diagnostic services such as ultrasound, CT scan, MRI, X-ray, ECG, pulmonary function tests (PFT), and specialized laboratories focused on cardiac and neurological care.
Under its pathology segment, MDRC delivers an extensive range of tests, including high-end molecular diagnostics, cytogenetics, and specialized testing panels for genetic disorders and cancer. This enables the company to support complex and critical diagnostic requirements.
The radiology division of MDRC offers advanced imaging solutions such as MRI, CT scans, ultrasound, and digital X-rays. The company uses modern equipment, including a 3-Tesla MRI machine and a 128-slice CT scanner, to ensure high-quality imaging and accurate diagnosis.
To enhance patient convenience, MDRC provides home blood sample collection services in multiple cities. This service is particularly beneficial for elderly patients and those who are unable to visit diagnostic centers physically.
As of February 28, 2025, the company employs a total of 570 professionals, including doctors, consultants, and technical staff. This experienced workforce supports MDRC’s operations and service quality across all locations.
MDRC’s key strengths include an experienced promoter and management team, its position as a comprehensive diagnostics provider offering cost-effective all-in-one solutions, a strong focus on quality and customer service, and a centralized information technology platform that supports efficient operations.
Objects Of The Issue
- Funding capital expenditure for purchase of medical Equipments for diagnostic centre and laboratories (₹20.69 Cr.)
- Funding Working Capital Requirement (₹11.60 Cr.)
- Repayment of certain outstanding borrowings availed by the Company (₹4.50 Cr.)
- General Corporate Expenses
Company Address
Modern Diagnostic And Research Centre Limited
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
Phone: 9999474297
Email: compliance@mdrcindia.com
Website: http://www.mdrcindia.com/
Modern Diagnostic And Research Centre IPO FAQs
What is Modern Diagnostic And Research Centre IPO?
Modern Diagnostic And Research Centre IPO is a SME IPO of 40,99,200 equity shares of the face value of ₹10 aggregating up to ₹36.89 Crores. The IPO issue priced at ₹85 to ₹90 per share.
What are the open and close dates of the Modern Diagnostic And Research Centre IPO?
The IPO will open on December 31, 2025 and will close on January 02, 2026.
What is the price band for Modern Diagnostic And Research Centre IPO?
The price band for the IPO is fixed at ₹85 to ₹90 per share.
What is the issue size of the Modern Diagnostic And Research Centre IPO?
The total issue size of the IPO is ₹36.89 Cr., comprising both fresh issue and offer for sale (if applicable).
What is Modern Diagnostic And Research Centre IPO Minimum and Maximum Lot Size?
The minimum and maximum bid is 2 Lot, 3,200 Shares with ₹2,88,000 amount for the IPO.
What is Modern Diagnostic And Research Centre IPO Investors Portion?
The investors’ portion for QIB 50%, NII 15%, RII 35% for the IPO.
When will the basis of allotment for the Modern Diagnostic And Research Centre IPO be finalized?
The the IPO allotment is expected to be finalized on January 05, 2026.
When will the shares of Modern Diagnostic And Research Centre IPO get listed?
The IPO shares are expected to be listed on the BSE and SME on January 07, 2026.
Is the Modern Diagnostic And Research Centre IPO a good investment?
Investment decisions depend on an individual’s financial goals and risk profile. It is advised to consult with a SEBI-registered financial advisor before making any investment decision.
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