
Healthcare · BSE
Incorporated in 1985, Modern Diagnostic & Research Centre Limited is an India-based diagnostic service provider offering a wide range of pathology and radiology services to patients and institutions. The company delivers reliable diagnostic testing along with home sample collection, online report access, and customized health packages designed to meet individual and institutional requirements. It operates 21 centres, including 17 laboratories and 4 diagnostic centres, spread across 8 states, and provides services such as ultrasound, CT scan, MRI, X-ray, ECG, PFT, and specialized diagnostic facilities for cardiac and neurological care. Its pathology services cover routine tests as well as advanced molecular diagnostics, cytogenetics, and specialized testing for genetic disorders and cancer, while radiology services include MRI, CT scans, ultrasound, and digital X-rays using modern equipment. As of February 28, 2025, the company has a workforce of 570 employees, including doctors and consultants.
Price Band
₹85 – ₹90
Issue Size
₹37.00 Cr
Lot Size
1600 shares
GMP
+16.7%
Est. Listing
₹105
at current GMP
Subscribed
376.97x
overall
Open
31 Dec 2025
Close
2 Jan 2026
Allotment
5 Jan 2026
Refund
6 Jan 2026
Demat Credit
7 Jan 2026
Listing
7 Jan 2026
Overall Subscription
376.97x
Total Demand
QIB Multiplier
193.51x
Institutions & Funds
NII / HNI
702.43x
High Net-Worth
Retail (RII)
342.46x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 782,400 | 151,400,000 | 193.51x |
| NIB | 585,600 | 411,345,600 | 702.43x |
| HNIs(10L +) | 390,400 | 337,059,200 | 863.37x |
| HNIs (2-10L) | 195,200 | 74,286,400 | 380.57x |
| RETAIL | 1,363,200 | 466,844,800 | 342.46x |
| Total | 3,316,800 | 1,440,936,000 | 376.97x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| RETAIL | 426 | 145,889 | 342.46x |
| HNIs(10L +) | 81 | 28,729 | 354.68x |
| HNIs (2-10L) | 41 | 14,791 | 360.76x |
| Total Applications | 548 | 189,409 | 345.64x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
Modern Diagnostic & Research Centre Limited is bringing an initial public offering (IPO) in the Healthcare sector with an aggregate issue size of ₹37 Crores. The shares are offered at a price band of ₹85 to ₹90 per equity share on BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1600 shares (approx. ₹1,44,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2026-01-07, while un-allotted funds or UPI block mandates will be released on 2026-01-06.
The latest Grey Market Premium (GMP) for Modern Diagnostic & Research Centre Limited IPO is ₹15 per equity share. Based on the upper price band of ₹85 to ₹90 per equity share, the estimated listing price is ₹105 (+16.7% expected listing gain).
With a lot size of 1600 shares and current GMP of ₹15, the expected profit per application lot is approx ₹24,000 (+16.7% gain). Minimum application cost is approx ₹1,44,000.
The Modern Diagnostic & Research Centre Limited IPO aggregate issue size is ₹37 Crores with an equity price band set at ₹85 to ₹90 per equity share. The retail lot size is 1600 shares requiring a minimum capital outlay of approx. ₹1,44,000.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 376.97x (Retail: 342.46x, QIB: 193.51x, NII: 702.43x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2026-01-05. Investors can verify status using PAN card or application number.
Modern Diagnostic & Research Centre Limited shares are scheduled to list on BSE on 2026-01-07.