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MDRCL · BSE · Healthcare
Modern Diagnostic & Research Centre IPO listed on 07 Jan 2026 on BSE at ₹99.50, a gain of 10.56% over the issue price of ₹90.00. The IPO was subscribed 376.90x overall.
Modern Diagnostic & Research Centre IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 31 Dec 2025 |
| IPO Close Date | 02 Jan 2026 |
| Basis of Allotment | 05 Jan 2026 |
| Initiation of Refunds | 06 Jan 2026 |
| Credit of Shares to Demat | 06 Jan 2026 |
| Listing Date | 07 Jan 2026 |
Listing day gain
+10.56%
Listed at ₹99.5 (issue ₹90)
Issue
₹90
Listing
₹99.5
Current
₹94.99
+5.54% vs issue
Day range
₹94.53 – ₹100
Issue Size
4,099,200 shares
(aggregating up to ₹36.89 Cr)
Issue Price
₹85 – ₹90
Face Value
₹10/share
Market Lot
1,600 shares
Retail Min Investment
₹288,000
Listing At
BSE
Sale Type
fresh issue
Fresh Issue
[.]
Offer for Sale
3,892,800 shares
(aggregating up to ₹35 Cr)
Reserved for Market Maker
206,400 shares
(aggregating up to ₹1.86 Cr)
Issue Type
book building
Open Date
31 Dec
Close Date
02 Jan
Allotment
05 Jan
Listing
07 Jan
Last updated: 8 months ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 06 Jan 2026 Latest | ₹90 | ₹13.5 | ₹103.5 | ₹13.5 |
15%
|
3:17 PM |
| 05 Jan 2026 | ₹90 | ₹13.5 | ₹103.5 | ₹13.5 |
15%
|
3:17 PM |
Showing the 2 most recent GMP entries.
View full GMP historyLatest snapshot: 02 Jan 2026
| Category | Subscribed (x) | No. of Applications |
|---|---|---|
| QIB | 193.51x | - |
| NII | 702.08x | - |
| bNII (bids above ₹10L) | 855.83x | - |
| sNII (bids below ₹10L) | 386.91x | - |
| Retail Investors | 342.46x | - |
| Total | 376.9x | - |
Showing the latest subscription snapshot.
View full subscription historyMr. Devendra Singh Yadav, Mrs. Deepali Yadav, Mrs. Asha Yadav, and Mr. Jitendra Singh are the promoters of the company.
New to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | ₹288,000 |
| Retail (Max) | 2 | 3,200 | ₹288,000 |
| S-HNI (Min) | 3 | 4,800 | ₹432,000 |
| S-HNI (Max) | 6 | 9,600 | ₹864,000 |
| B-HNI (Min) | 7 | 11,200 | ₹1,008,000 |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| Category | Shares Offered |
|---|---|
| QIB Shares Offered | 1,944,000 (47.43%) |
|
•
Anchor Investor Shares Offered
|
1,161,600 (28.34%) |
|
•
QIB (Ex. Anchor) Shares Offered
|
782,400 (19.09%) |
| NII (HNI) Shares Offered | 585,600 (14.28%) |
|
•
bNII > ₹10L
|
390,400 (9.52%) |
|
•
sNII < ₹10L
|
195,200 (4.76%) |
| Retail Shares Offered | 1,363,200 (33.26%) |
| Market Maker Shares Offered | 206,400 (5.03%) |
| Total Shares Offered | 4,099,200 (100.00%) |
Modern Diagnostic & Research Centre Limited is a diagnostic services provider in India that operates a network of 21 centers across 8 states, including 17 laboratories and 4 diagnostic centers.
They offer comprehensive radiology and pathology services such as ultrasound, CT scan, MRI, ECG, digital X-Ray, and advanced tests including molecular diagnostics and specialized panels. The company also provides home specimen collection, online reports, and customized institutional and patient diagnostic solutions.
Key Strengths:
Standalone · ₹ in Crores
| Particulars | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Total Revenue | 56.61 | 68.67 | 78.8 |
| Profit After Tax (PAT) | -5.73 | 5.79 | 8.97 |
| EBITDA | -0.99 | 11.05 | 17.96 |
| Total Assets | 36.54 | 49.49 | 64.57 |
| Net Worth | 5.96 | 11.76 | 20.73 |
| Reserves & Surplus | 4.96 | 10.76 | 9.73 |
| Total Borrowing | 15.31 | 20.46 | 22.09 |
Revenue & Profit Trend
The basis of allotment for Modern Diagnostic & Research Centre IPO was finalised on 05 Jan 2026. You can check your allotment status using your PAN number or application number on the MUFG Intime India Pvt.Ltd portal or BSE.
The Modern Diagnostic & Research Centre IPO is expected to open in Dec 2025, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for Modern Diagnostic & Research Centre IPO is ₹85.00 - ₹90.00 per share.
As per market sources, Modern Diagnostic & Research Centre IPO GMP is currently ₹13.50. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for Modern Diagnostic & Research Centre IPO stands at 376.90x overall.
The listing date for Modern Diagnostic & Research Centre IPO is 07 Jan 2026.
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