Gabion Technologies IPO vs Modern Diagnostic IPO

Comparison between Gabion Technologies IPO and Modern Diagnostic IPO.

IPO Details

Gabion Technologies IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Modern Diagnostic IPO is a SME Bookbuilding proposed to list at BSE SME.

Issue Size and Price

The total issue size of Gabion Technologies IPO is up to ₹27.70 Cr whereas the issue size of the Modern Diagnostic IPO is up to ₹35.04 Cr. The final issue price of Gabion Technologies IPO is ₹81.00 per share and of Modern Diagnostic IPO is ₹90.00 per share.

 Gabion Technologies IPOModern Diagnostic IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹76.00 per share₹85.00 per share
Issue Price (Upper)₹81.00 per share₹90.00 per share
Issue Price (Final)₹81.00 per share₹90.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size1600 shares1600 shares
Fresh Issue Size34,19,200 shares38,92,800 shares
Fresh Issue Size (Amount)up to ₹27.70 Crup to ₹35.04 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total34,19,200 shares38,92,800 shares
Issue Size Total (Amount)up to ₹27.70 Crup to ₹35.04 Cr

IPO Timetable

Gabion Technologies IPO opens on Jan 06, 2026, while Modern Diagnostic IPO opens on Dec 31, 2025. The closing date of Gabion Technologies IPO and Modern Diagnostic IPO is Jan 08, 2026, and Jan 02, 2026, respectively.

 Gabion Technologies IPOModern Diagnostic IPO
Anchor Bid DateJan 05, 2026Dec 30, 2025
Issue OpenJan 06, 2026Dec 31, 2025
Issue CloseJan 08, 2026Jan 02, 2026
Basis Of Allotment (Tentative)Jan 09, 2026Jan 05, 2026
Initiation of Refunds (Tentative)Jan 12, 2026Jan 06, 2026
Credit of Share (Tentative)Jan 12, 2026Jan 06, 2026
Listing date (Tentative)Jan 13, 2026Jan 07, 2026
Anchor Lockin End date 1Feb 07, 2026Feb 03, 2026
Anchor Lockin End date 2Apr 08, 2026Apr 04, 2026

Financials & KPIs

Gabion Technologies IPO P/E ratio is 12.18, as compared to Modern Diagnostic IPO P/E ratio of 11.04.

 Gabion Technologies IPOModern Diagnostic IPO
Financials

Company Financials (Restated Consolidated)

Gabion Technologies India Ltd.'s revenue decreased by 4% and profit after tax (PAT) rose by 14% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended30 Nov 202531 Mar 202531 Mar 202431 Mar 2023
Assets100.5887.5270.1251.77
Total Income60.66101.17104.9778.88
Profit After Tax4.306.635.823.41
EBITDA10.7615.0613.166.39
NET Worth26.3322.0315.419.65
Reserves and Surplus16.3212.0213.717.97
Total Borrowing52.0546.7136.3729.46
Amount in ₹ Crore

Company Financials (Restated)

Modern Diagnostic & Research Centre Ltd.'s revenue increased by 15% and profit after tax (PAT) rose by 55% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended30 Jun 202531 Mar 202531 Mar 202431 Mar 2023
Assets77.8664.5749.4936.54
Total Income22.6778.8068.6756.61
Profit After Tax3.008.975.79-5.73
EBITDA5.8617.9611.05-0.99
NET Worth23.7220.7311.765.96
Reserves and Surplus12.729.7310.764.96
Total Borrowing30.3822.0920.4615.31
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)10099.99
Promoter Shareholding (Post-Issue)73.4772.85
P/E Ratio12.1811.04
Market Cap₹109.96 Cr.₹135.89 Cr.
ROE55.21
ROCE19.1736.18
Debt/Equity2.121.07
EPS₹6.65₹8.15
RoNW30.0543.27

Shares Offered

In the Gabion Technologies IPO Retail Individual Investors (RII) are offered 12,00,000 shares while in Modern Diagnostic IPO retail investors are offered 12,00,000 shares. Qualified Institutional Buyers (QIB) are offered 6,83,200 shares in Gabion Technologies IPO and 7,82,400 shares in Modern Diagnostic IPO.

 Gabion Technologies IPOModern Diagnostic IPO
Anchor Investor Reservation10,22,400 shares11,61,600 shares
Market Maker Reservation1,80,800 shares2,06,400 shares
QIB6,83,200 shares7,82,400 shares
NII5,13,600 shares5,85,600 shares
RII12,00,000 shares13,63,200 shares
Employee0 shares0 shares
Others
Total34,19,200 shares38,92,800 shares

Bids Received (Subscription)

Gabion Technologies IPO subscribed 826.00x in total, whereas Modern Diagnostic IPO subscribed 376.90x.

 Gabion Technologies IPOModern Diagnostic IPO
QIB (times)271.13x193.51x
NII (times)1,467.78x702.08x
Big NII (times)1,780.71x855.83x
Small NII (times)841.91x386.91x
RII (times)867.23x342.46x
Employee (times)
Other (times)
Total (times)826.00x376.90x

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