Modern Diagnostic & Research Centre Limited is entering the public markets through SME IPO with an issue size of ₹37.00 crore. The issue consists of a fresh issue of equity shares. The shares are proposed to be listed on BSE & SME.
The IPO subscription window opens on December 31, 2025 and will remain open until January 2, 2026. The company plans to list its shares on January 7, 2026. Being an SME IPO, the issue may appeal to investors familiar with lower liquidity listings.
Modern Diagnostic & Research Centre Limited IPO Timeline
IPO Quick Facts
This section covers the main IPO details of Modern Diagnostic & Research Centre Limited that investors generally review before applying.
IPO Details at a Glance
| Company Name | Modern Diagnostic & Research Centre Limited |
|---|---|
| IPO Segment | SME |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Price | ₹85 – ₹90 Per Share |
| Lot Size | 1,600 Shares |
| Face Value | ₹10 Per Share |
| Exchange | BSE & SME |
Investor Category & Share Allocation
| Investor Category | Shares Offered | % of Issue |
|---|---|---|
| Market Maker | 206,400 | 5.04% |
| Qualified Institutional Buyers (QIB) | 1,944,000 | 47.42% |
| — Anchor Investor | 1,161,600 | 28.34% |
| — QIB (Ex Anchor) | 782,400 | 19.09% |
| NII (HNI) | 585,600 | 14.29% |
| — bNII > ₹10L | 393,600 | 9.60% |
| — sNII < ₹10L | 192,000 | 4.68% |
| Retail | 1,363,200 | 33.26% |
| Total Shares Offered | 4,099,200 | 100.00% |
Modern Diagnostic & Research Centre Limited IPO Important Dates
The following table highlights the key dates for the Modern Diagnostic & Research Centre Limited IPO, covering the subscription period and the expected listing timeline.
| IPO Opening Date | 31 Dec 2025 |
|---|---|
| IPO Closing Date | 02 Jan 2026 |
| Allotment Finalization | 05 Jan 2026 |
| Initiation of Refunds | 06 Jan 2026 |
| Credit of Shares | 06 Jan 2026 |
| IPO Listing Date | 07 Jan 2026 |
Modern Diagnostic & Research Centre Limited IPO Size & Structure
| Total IPO Size | ₹37.00 Crore |
|---|---|
| Fresh Issue | ₹37.00 Crore |
Modern Diagnostic & Research Centre IPO Lot Size & Minimum Investment
The table below shows the lot size and investment amount for the Modern Diagnostic & Research Centre IPO, calculated using the cut-off price. The price band for this IPO ranges from ₹85 to ₹90 per share.
Investors can apply for the IPO with a minimum of 1600 shares. Applications must be made in multiples of 1600 shares.
- Retail investors can apply from 2 lot to 2 lots.
- Small HNI (SHNI) investors must apply for at least 3 lots.
- Big HNI (BHNI) investors need to apply for a minimum of 7 lots.
This information helps investors understand the minimum investment required before applying for the IPO.
Note: Retail investors generally apply at the cut-off price, which is ₹90 per share.
| Category | Lots | Shares | Price | Amount |
|---|---|---|---|---|
| Retail (Min) | 2 | 3,200 | ₹90 | ₹288,000 |
| Retail (Max) | 2 | 3,200 | ₹90 | ₹288,000 |
| S-HNI (Min) | 3 | 4,800 | ₹90 | ₹432,000 |
| S-HNI (Max) | 6 | 9,600 | ₹90 | ₹864,000 |
| B-HNI | 7 | 11,200 | ₹90 | ₹1,008,000 |
Modern Diagnostic & Research Centre Limited IPO GMP (Grey Market Premium)
The latest Modern Diagnostic & Research Centre Limited IPO GMP (Grey Market Premium), along with Kostak rates and Subject to Sauda rates, helps in understanding market sentiment. The current Modern Diagnostic & Research Centre Limited IPO GMP is ₹14 (15.56%), compared to the IPO issue price of ₹90. Based on the current GMP, the expected listing price is around ₹104. The Lowest GMP was ₹0 on 30 Dec 2025, while the highest GMP reached ₹16 on 05 Jan 2026.
Modern Diagnostic & Research Centre Limited IPO was listed on the stock exchange on 07 Jan 2026. The IPO was subscribed 248.73 times. The first reported GMP was ₹0 (0%), while the latest recorded GMP stood at ₹14 (15.56%).Listing Details:
- Issue Price: ₹90 per share.
- Listing Price: ₹99.50 (approx. 10.56% gain)
- Listing Date: 07 Jan 2026
Modern Diagnostic & Research Centre Limited IPO GMP Today - Trend Analysis
| Date | Issue Price (₹) | GMP Price (₹) | Estimated Gain (%) | Estimated Price (₹) | Estimated Profit (₹) |
|---|---|---|---|---|---|
| 07 Jan 2026 | ₹90 | ₹14 | 15.56% | ₹104 | ₹44,800 |
| 06 Jan 2026 | ₹90 | ▼ ₹14 | ▼ 15.56% | ₹104 | ₹44,800 |
| 05 Jan 2026 | ₹90 | ₹16 | 17.78% | ₹106 | ₹51,200 |
| 03 Jan 2026 | ₹90 | ▲ ₹16 | ▲ 17.78% | ₹106 | ₹51,200 |
| 02 Jan 2026 | ₹90 | ▲ ₹14 | ▲ 15.56% | ₹104 | ₹44,800 |
| 01 Jan 2026 | ₹90 | ▲ ₹13 | ▲ 14.44% | ₹103 | ₹41,600 |
| 31 Dec 2025 | ₹90 | ▲ ₹12 | ▲ 13.33% | ₹102 | ₹38,400 |
| 30 Dec 2025 | ₹90 | ₹0 | 0% | ₹90 | ₹0 |
| 29 Dec 2025 | ₹90 | ₹0 | 0% | ₹90 | ₹0 |
| 27 Dec 2025 | ₹90 | ₹0 | 0% | ₹90 | ₹0 |
| 26 Dec 2025 | ₹90 | ₹0 | 0% | ₹90 | ₹0 |
| 25 Dec 2025 | ₹90 | ₹0 | 0% | ₹90 | ₹0 |
Modern Diagnostic & Research Centre Limited IPO GMP gives retail and institutional investors an idea about short-term market expectations. Although grey market premium does not guarantee listing performance, it is still commonly referred to while analysing IPOs. Investors are advised to look at Modern Diagnostic & Research Centre Limited fundamentals along with IPO GMP data before making any investment decision.
GMP Disclaimer: GMP (Grey Market Premium) prices are unofficial and only reflect market sentiment. We neither participate in grey-market trading nor encourage it. Investors are strongly advised to review the company’s fundamentals, risks, and official documents before considering an investment in the Modern Diagnostic & Research Centre Limited IPO.
Modern Diagnostic & Research Centre Limited IPO Subscription Status
Modern Diagnostic & Research Centre Limited IPO was subscribed 248.73 times overall on the final day of bidding (as of 02 Jan 2026).The subscription opened on 31 Dec 2025. The Retail portion was subscribed 335.59 times, while QIB and NII categories were subscribed 193.51 times and 518.58 times respectively.
Subscription by Category (QIB, NII, Retail, Employee)
Daily Subscription Trend (Day-wise):
| Date | QIB | NII | Retail | Employee | Total |
|---|---|---|---|---|---|
| 31 Dec 2025 | 4.01x | 6.53x | 5.19x | — | 3.94x |
| 01 Jan 2026 | 8.94x | 39.61x | 33.85x | — | 20.62x |
| 02 Jan 2026 | 193.51x | 518.58x | 335.59x | — | 248.73x |
The Modern Diagnostic & Research Centre Limited IPO opened with strong demand on Day-1, supported by active participation from NII and Retail investors.
On Day-2, subscription levels for the Modern Diagnostic & Research Centre Limited IPO rose sharply due to heavy bidding from NII, followed by Retail investors.
By the end of the bidding period, the IPO was subscribed 248.73x overall, reflecting strong demand from key investor categories, led by NII, followed by Retail and QIB investors. Overall subscription for the Modern Diagnostic & Research Centre Limited IPO increased from 3.94x on Day-1 to 248.73x by the final day.
Modern Diagnostic & Research Centre Limited IPO Final Subscription
| Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | 193.51x |
| Non-Institutional Investors (NII) | 519.1x |
| Retail Investors | 340.42x |
| Total | 250.44x |
Modern Diagnostic & Research Centre Limited IPO Allotment Status
The Modern Diagnostic & Research Centre Limited IPO allotment status was released on 05 Jan 2026. Investors who applied for the IPO can now check their Modern Diagnostic & Research Centre Limited allotment status online through the official registrar website and NSE / BSE portal.
- 🗓 Allotment Date: 05 Jan 2026
- 📈 Listing Date: 07 Jan 2026
How to Check Modern Diagnostic & Research Centre Limited IPO Allotment Status Online?
Investors can check the Modern Diagnostic & Research Centre Limited IPO allotment status online through MUFG Intime India Private Limited and BSE websites. All platforms provide easy access to the IPO allotment details.
Just follow the below mentioned steps to check your allotment status.You can also visit
MUFG Intime India
to know more about the IPO registrar.
Check on MUFG Intime India Private Limited (IPO Registrar)
- Visit → MUFG Intime India Pvt. Ltd.
- Select Modern Diagnostic & Research Centre Limited
- Enter PAN / Application Number / DP Client ID
- Click Submit to view allotment status
Check on BSE (Bombay Stock Exchange) Website
- Visit → BSE Website.
- Select Issue Type: Equity.
- Choose Modern Diagnostic & Research Centre Limited IPO.
- Enter your PAN or Application Number.
- Click on Search button.
The Bombay Stock Exchange (BSE) also allows investors to check the Modern Diagnostic & Research Centre Limited IPO allotment status online.
Note: Allotment status is published only on the official registrar websites. We do not collect investor data or provide allotment verification directly.
How to Apply for Modern Diagnostic & Research Centre Limited IPO?
Login to Your Trading App
Open your trading app such as Angel One, Zerodha, Upstox, Groww or any brokerage app.
Go to the IPO Section
Navigate to the IPO section in the app, search for the IPO, and enter your bid details.
Enter Your UPI ID
Provide your UPI ID that is linked to your bank account for payment authentication.
Approve the Mandate
Open your UPI app and approve the payment mandate to block the required amount.
Application Confirmation
Application submitted successfully, the funds will remain blocked until allotment is finalized.
Modern Diagnostic & Research Centre Limited IPO Listing Analysis
Below is a quick summary of the Modern Diagnostic & Research Centre Limited IPO issue price, listing price, and listing gain on BSE and NSE.
| IPO Status | Issue Price | Listing Price | Listing Gain |
|---|---|---|---|
| Listed (BSE) | ₹90 | ₹100 | ▲ 10.56% |
| Listed (NSE) | ₹90 | ₹100 | ▲ 10.56% |
Modern Diagnostic & Research Centre Limited debuted at ₹99.5, listing at a premium of +₹10 (+10.56%). The stock declined to ₹0, slipping -100.00% and ending -₹90 below (-100.00%). The investment fell to ₹0. Investors booked a loss of -₹144,000 per lot.
📌 IPO Issue Price and Lot Size
The IPO of Modern Diagnostic & Research Centre Limited was offered in the price band of ₹85 to ₹90 per share.
- The final issue price was fixed at ₹90.
- One lot consisted of 1600 shares.
- Minimum investment: ₹90 × 1600 = ₹144,000
- Investment after Day-1: ₹0 × 1600 = ₹0
- By the end of the listing session, investors faced a loss of -₹144,000 per lot.
📌 IPO Subscription Analysis
Despite achieving an overall subscription of 248.73×, supported by strong QIB demand of 193.51×, the IPO failed to convert healthy investor interest into positive listing returns. The stock debuted at 10.56% and closed at -100.00%, indicating weak post-listing confidence.
| Day | QIB | NNI | Retail | Total |
|---|---|---|---|---|
| Day 1 | 4.01x | 6.53x | 5.19x | 3.94x |
| Day 2 | 8.94x | 39.61x | 33.85x | 20.62x |
| Day 3 | 193.51x | 518.58x | 335.59x | 248.73x |
📌 Final Assessment
Overall Outcome: Successful IPO
- Subscription Phase: High investor participation
- Listing Phase: Strong listing performance
- Investor Experience: Negative short-term experience
IPO Financial Summary
- Total Assets changed by 30.47% in FY 2024-2025.
- Total Revenue changed by 14.75% in FY 2024-2025.
- Profit After Tax changed by 54.92% in FY 2024-2025.
- Reserves & Surplus changed by -9.57% in FY 2024-2025.
- Total Borrowings changed by 7.97% in FY 2024-2025.
| Metric | 2025-06-30 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Total Assets (₹ Cr) | 77.86 | 64.57 | 49.49 | 36.54 |
| Total Revenue (₹ Cr) | 22.67 | 78.80 | 68.67 | 56.61 |
| Profit After Tax (₹ Cr) | 3.00 | 8.97 | 5.79 | -5.73 |
| Reserves & Surplus (₹ Cr) | 12.72 | 9.73 | 10.76 | 4.96 |
| Total Borrowings (₹ Cr) | 30.38 | 22.09 | 20.46 | 15.31 |
Utilisation of Proceeds
The Company proposes to utilise the net IPO proceeds of approximately ₹33.02 crore towards the following objectives:
| # | Purpose | Amount (₹ Cr) | % of Total |
|---|---|---|---|
| 1 | Funding capital expenditure for purchase of medical Equipments for diagnostic centre and laboratories | 20.69 | 62.66% |
| 2 | Funding Working Capital Requirement | 8.00 | 24.23% |
| 3 | Repayment of certain outstanding borrowings availed by the Company | 1.00 | 3.03% |
| 4 | General Corporate Expenses | 3.33 | 10.08% |
| Total | 33.02 | 100% | |
Modern Diagnostic & Research Centre IPO Promoter Holding
| Promoter(s) | Mr. Devendra Singh Yadav, Mrs. Deepali Yadav, Mrs. Asha Yadav, and Mr. Jitendra Singh |
|---|---|
| Pre-Issue Holding | 99.99% |
| Post-Issue Holding | 72.85% |
Modern Diagnostic & Research Centre Limited IPO FAQs
The Modern Diagnostic & Research Centre Limited IPO is a SME Bookbuilding IPO with a total issue size of ₹37.00 crore. The issue consists of a fresh issue of ₹37.00 crore.
The IPO will open for subscription on Wed, 31 Dec 2025 and will close on Fri, 02 Jan 2026.
The shares are being offered at a price band of ₹85 to ₹90 per equity share.
Investors can apply for the IPO with a minimum lot size of 1,600 shares.
At the upper price band, the minimum investment required for one lot is approximately ₹288,000.
The shares of Modern Diagnostic & Research Centre Limited are expected to be listed on BSE & SME on Wed, 07 Jan 2026.
The Grey Market Premium (GMP) of Modern Diagnostic & Research Centre Limited IPO is ₹14.
The expected listing price of Modern Diagnostic & Research Centre Limited IPO is around ₹104 based on current GMP. This indicates a potential return of approximately 15.56% , with an estimated profit of ₹22,400 per lot, subject to market conditions.
The Modern Diagnostic & Research Centre Limited IPO was subscribed 250.44 times on the final day of subscription.
The retail portion is subscribed 335.59 times as of 02 Jan 2026.
The QIB portion is subscribed 193.51 times and the NII portion is subscribed 518.58 times .
The IPO registrar of Modern Diagnostic & Research Centre Limited is MUFG Intime India Private Limited. MUFG is responsible for processing IPO applications, finalizing allotment, crediting shares, and initiating refunds.
The allotment date is expected on Mon, 05 Jan 2026.
Allotment status is generally updated in the evening (6 PM – 10 PM) on Mon, 05 Jan 2026 on the registrar or exchange website.
Shares are expected to be credited by Tue, 06 Jan 2026.
Refunds for unsuccessful applicants will be initiated on Tue, 06 Jan 2026.
Investors can check refund status via:
- UPI mandate / bank account (NACH, NEFT, RTGS)
- ASBA bank portal
Modern Diagnostic & Research Centre Limited IPO is listed on BSE.
The current share price of Modern Diagnostic & Research Centre Limited is ₹77.00. The stock opened at ₹77.00, hit a high of ₹77.00 and a low of ₹77.00.
Modern Diagnostic & Research Centre Limited share price has increased by ₹1.00 (1.32%) compared to the previous close. The stock has declined 22.61% from its listing price of ₹99.50 on BSE and declined 22.61% from its listing price of ₹99.50 on NSE.
Disclaimer: The content published on this website is for informational and educational purposes only and must not be treated as financial, trading or investment advice. Share Market related articles, IPO details, GMP values, subscription data, listing estimates, allotment status and related information reflect market sentiment and public data and may be inaccurate or outdated. Nothing on this website constitutes an offer or recommendation to buy or sell any securities. We are not SEBI registered financial advisors. Investors must consult a qualified SEBI registered financial advisor before making any investment decisions. Any investment made based on the information provided here is entirely at the reader’s own risk. The author and the team at TheFinancialTalks.com shall not be responsible or liable for any financial loss. Investors must conduct thorough due diligence and seek professional financial advice before making any investment decisions.