Modern Diagnostic & Research Centre Ltd IPO

Modern Diagnostic & Research Centre Ltd IPO

We are a services provider in diagnostic and related healthcare tests services in India. We offer a one-stop solution for pathology and radiology testing services such as imaging (including radiology), pathology/clinical laboratory. Through our integrated, nationwide network, we offer a complete range of diagnostic facilities in radiology and pathology. We provide healthcare tests and services for use in core testing, patients' diagnosis and prevention, monitoring of disease and other health conditions. Our customers include individual patients, hospitals and other healthcare providers and corporate customers.

Modern Diagnostic & Research Centre Ltd IPO Details

Total Shares Offered

₹ 40,99,200

Offer to Public

TBA

Retail Max (Shares)

₹ 13,63,200

Pre Issue Promoters Holding

₹ 1,09,99,978

Exchange

BSE

Issue size

₹ 36.89 Cr

IPO Open Date

Dec 31, 2025

Close Date

Jan 2, 2026

Lot Size

3200

Min Investment

₹ 2,72,000

Issue Type

Book Building - SME

Listing Date

Jan 7, 2026

Modern Diagnostic & Research Centre Ltd IPO Dates

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Dec 31, 2025
Opening date
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Jan 2, 2026
Closing date
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Jan 5, 2026
Basis of Allotment
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Jan 6, 2026
Initiation of Refunds
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Jan 6, 2026
Credit of Shares
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Jan 7, 2026
Listing date

Details

SectorType
SectorHealthcare
Sub SectorNA
Issue TypeBook Building - SME

Subscription Status

*Values are in Lakhs

Investor Type

QIB

NII

Retail

Employee

Total

Modern Diagnostic & Research Centre Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)
Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations10.79TBATBA
EBITDA14.71TBATBA
PAT5.79TBATBA
Total Assets18.05TBATBA
Share Capital1.00TBATBA
Total Borrowings20.75TBATBA
Operating Activities (Net Cash)9.71TBATBA
Investing Activities (Net Cash)-3.39TBATBA
Financing Activities (Net Cash)20.75TBATBA
Net Cashflow0.41TBATBA

About Modern Diagnostic & Research Centre Ltd

Our Company was originally incorporated as Modern Diagnostic & Research Centre Private Limited as a private limited company, under the provisions of the Companies Act, 2013 vide Certificate of Incorporation dated April 16, 2012 issued by Registrar of Companies, Delhi having Corporate Identification Number U85110DL2012PTC234368. Subsequently, our Company was converted from a private limited company to public limited company pursuant to special resolution passed in the Extra-Ordinary General Meeting of the company held on November 16, 2024 and consequently the name of our Company was changed to Modern Diagnostic & Research Centre Limited pursuant to fresh certificate of incorporation dated December 18, 2024 issued to our Company by the Registrar of Companies, Central Processing Centre having Corporate Identification Number U85110DL2012PLC234368.

Diagnostic process is crucial for identifying and managing various health conditions and ensuring effective medical treatment and patient care, thus facilitating faster recovery of patient. Diagnostic companies provide service to clients in both B2B which includes hospitals, nursing homes, clinics, and other healthcare establishments, and B2C which includes direct customers. The diagnostic process in India starts with patients recognizing symptoms or going for routine/wellness checkups. They first consult a doctor who evaluates their condition and recommends specific diagnostic tests. Patients can then proceed by visiting diagnostic centres directly to undergo the tests, providing samples at the doctor's clinic for transfer to the lab, or using home collection services offered by some diagnostic centres. After the samples are collected, the laboratory conducts the necessary tests. Results are then delivered to patients either online or offline, or directly to hospitals for those labs engaged in B2B services. This comprehensive process ensures accurate and timely diagnosis, aiding in effective medical treatment.

We are a services provider in diagnostic and related healthcare tests services in India. We offer a one-stop solution for pathology and radiology testing services such as imaging (including radiology), pathology/clinical laboratory. Through our integrated, nationwide network, we offer a complete range of diagnostic facilities in radiology and pathology. We provide healthcare tests and services for use in core testing, patients' diagnosis and prevention, monitoring of disease and other health conditions. Our customers include individual patients, hospitals and other healthcare providers and corporate customers.

Peer Comparison:

  • Vijaya Diagnostic Centre Ltd

Modern Diagnostic & Research Centre Ltd Key Points

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.

Risk

Any interruptions at our laboratories and diagnostic centres may affect our ability to process diagnostic tests, which in turn may adversely affect our business, results of operations and financial condition.

Our business and prospects may be adversely affected if we are unable to maintain and grow our brand name and brand image.

Majority of our operations are concentrated in state of Haryana and any adverse developments affecting Haryana could have an adverse effect on our business, results of operations and financial condition.

Strategy

Leveraging our market skills and relationship.

Continue Our Focus on Providing Quality Tests and Services.

Expand our geographical presence.

Increase the breadth of our diagnostic healthcare testing and services platform.

How To Apply for Modern Diagnostic & Research Centre Ltd IPO Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

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

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Modern Diagnostic & Research Centre Ltd's IPO offers shares for up to 36.89 It begins on Dec 31, 2025 and ends on Jan 2, 2026.

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

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The price of Modern Diagnostic & Research Centre Ltd IPO ranges between ₹85 to ₹90 per share.

What are the open and close dates for the Modern Diagnostic & Research Centre Ltd IPO?

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The Modern Diagnostic & Research Centre Ltd IPO opens on Dec 31, 2025 and closes on Jan 2, 2026.

When will the Modern Diagnostic & Research Centre Ltd IPO be allotted?

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The allotment for the Modern Diagnostic & Research Centre Ltd IPO will be finalised on Jan 5, 2026. The shares will be listed on BSE and NSE on Jan 7, 2026.

What is the minimum lot size required for Modern Diagnostic & Research Centre Ltd IPO?

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The minimum lot size for Modern Diagnostic & Research Centre Ltd IPO is 3200 shares, priced between ₹85 to ₹90 per share.

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

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The GMP (Grey Market Premium) of Modern Diagnostic & Research Centre Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Modern Diagnostic & Research Centre Ltd IPO?

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To check the allotment status of Modern Diagnostic & Research Centre Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Modern Diagnostic & Research Centre Ltd IPO getting listed?

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The Modern Diagnostic & Research Centre Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Dec 31, 2025, and closes on Jan 2, 2026. The allotment is finalised on Jan 5, 2026.

How do you apply for the Modern Diagnostic & Research Centre Ltd IPO?

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To apply for the Modern Diagnostic & Research Centre Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.

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