MODERN DIAGNOSTIC AND RESEARCH CENTRE LIMITED SME
₹ 85 - ₹ 90
31-Dec-2025 - 02-Jan-2026
₹ 144000.00

/ 1600 Shares

MODERN DIAGNOSTIC AND RESEARCH CENTRE LIMITED SME

31-Dec-2025 - 02-Jan-2026

₹ 85 - ₹ 90

Price Band

₹ 144000.00

Minimum Investment

1600

Bid Lot

3,892,800

Shares

IPO Details

IPO Timeline

  • Open Date

    31-Dec-2025

  • Close Date

    02-Jan-2026

  • Basis of Allotment Date

    05-Jan-2026

  • Initiation of Refunds

    06-Jan-2026

  • Credit Shares to Demat A/c

    06-Jan-2026

  • IPO Listing Date

    07-Jan-2026

Subscription as on
31-Dec-2025 17:15

Category Book Size Subscription No. of Times
QIB 777,600 ₹ 7.00 Cr. 3,139,200 ₹ 28.25 Cr. 4.04x
HNI 585,600 ₹ 5.27 Cr. 4,659,200 ₹ 41.93 Cr. 7.96x
RETAIL 1,363,200 ₹ 12.27 Cr. 0 ₹ 0.00 Cr. 0.00x
Total 2,726,400 7,798,400 2.86x
Category Book Size Subscription No. of Times
QIB 777,600 ₹ 7.00 Cr. 3,139,200 ₹ 28.25 Cr. 4.04x
HNI 585,600 ₹ 5.27 Cr. 4,659,200 ₹ 41.93 Cr. 7.96x
RETAIL 1,363,200 ₹ 12.27 Cr. 0 ₹ 0.00 Cr. 0.00x
Total 2,726,400 7,798,400 2.86x

*Excluding Anchor

Total No. of Application Approx : ~2963 (3.48 Appwise)

Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.

About Company

Incorporated in 1985, Modern Diagnostic & Research Centre Limited (MDRC) is a diagnostic chain in India, offering a comprehensive range of pathology and radiology services.

The company provides reliable diagnostic tests, home specimen collection, online reports, and customized test packages for institutional customers and patients based on their specific needs.

The company operates 21 centers (17 labs, 4 diagnostic centers) across 8 states, offering diagnostic services like ultrasound, CT, MRI, X-ray, ECG, PFT, and specialized labs for heart and neuro care.

Services:

  • Pathology:MDRC provides a wide array of tests, including high-end molecular diagnostics, cytogenetics, and specialized panels for genetic disorders and cancer.
  • Radiology:The centre offers advanced imaging services such as MRI, CT scans, ultrasound, and digital X-rays, utilizing state-of-the-art equipment like a 3-Tesla MRI machine and a 128-slice CT scanner.
  • Home Sample Collection:MDRC offers home blood sample collection services in several cities, providing convenience for patients unable to visit the centre.

As on February 28, 2025, the company has total 570 Employees including Consultants and doctors.

Read More

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

Company Promoters

Company Financials

Period Ended 30 Sep 2024 31 Mar 2024 31 Mar 2023 31 Mar 2022
Assets 57.79 49.49 36.54 48.70
Total Income 40.33 68.67 56.61 60.58
Profit After Tax 4.96 5.79 -5.73 -1.45
NET Worth 16.71 11.76 5.96 11.70
Reserves and Surplus 15.71 10.76 4.96 10.70
Total Borrowing 21.13 20.46 15.31 20.40
Amount in ? Crore

Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects Est Amt (? Cr.)
1 Funding capital expenditure for purchase of medical Equipments for diagnostic centre and laboratories 20.69
2 Funding Working Capital Requirement 11.60
3 Repayment of certain outstanding borrowings availed by the Company 4.50
4 General Corporate Expenses  

How to Apply

Apply for IPO in few simple steps.

  • Step 01 :

    Once you create your account, Login to InvestoYard.

  • Step 02 :

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 03 :

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 04 :

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

  • Applying for an IPO is easier than ever with InvestoYard, in just a few clicks your application is processed. You can bid for any IPO through InvestoYard, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
  • If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
  • The maximum subscription amount for retail investors is 2 lakh.
  • Any bid can be at a desired price or cut off price given by the company.

  • Enter the number of shares you wish to buy, as per the lot size.
  • You can apply at the cut off price set by the company or bid for a desired amount within the price band.
  • Maximum three bids will be accepted.
  • You then need to enter the UPI ID on InvestoYard’s IPO application form.

  • You will immediately get a fund blocked request on your UPI for the submitted IPO application.
  • The funds will be blocked in your bank account until allotment when it is debited.
  • The limit for IPO application is Rs 2 lakh per transaction on UPI.
  • On allotment of the shares, the money will be automatically debited.
  • If the share aren’t allotted the blocked funds will reflect back into your account.

Frequently Asked Questions

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