Comparison between Brandman Retail IPO and Modern Diagnostic IPO.
Brandman Retail IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Modern Diagnostic IPO is a SME Bookbuilding proposed to list at BSE SME.
| Brandman Retail IPO | Modern Diagnostic IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Gretex Corporate Services Ltd. | Beeline Capital Advisors Pvt.Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | MUFG Intime India Pvt.Ltd. |
| Market Maker | Gretex Share Broking Pvt.Ltd. | Spread X Securities Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Brandman Retail IPO is up to ₹81.78 Cr whereas the issue size of the Modern Diagnostic IPO is up to ₹35.04 Cr. The final issue price of Brandman Retail IPO is ₹176.00 per share and of Modern Diagnostic IPO is ₹90.00 per share.
| Brandman Retail IPO | Modern Diagnostic IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹167.00 per share | ₹85.00 per share |
| Issue Price (Upper) | ₹176.00 per share | ₹90.00 per share |
| Issue Price (Final) | ₹176.00 per share | ₹90.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 800 shares | 1600 shares |
| Fresh Issue Size | 46,46,400 shares | 38,92,800 shares |
| Fresh Issue Size (Amount) | up to ₹81.78 Cr | up to ₹35.04 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 46,46,400 shares | 38,92,800 shares |
| Issue Size Total (Amount) | up to ₹81.78 Cr | up to ₹35.04 Cr |
Brandman Retail IPO opens on Feb 04, 2026, while Modern Diagnostic IPO opens on Dec 31, 2025. The closing date of Brandman Retail IPO and Modern Diagnostic IPO is Feb 06, 2026, and Jan 02, 2026, respectively.
| Brandman Retail IPO | Modern Diagnostic IPO | |
|---|---|---|
| Anchor Bid Date | Feb 03, 2026 | Dec 30, 2025 |
| Issue Open | Feb 04, 2026 | Dec 31, 2025 |
| Issue Close | Feb 06, 2026 | Jan 02, 2026 |
| Basis Of Allotment (Tentative) | Feb 09, 2026 | Jan 05, 2026 |
| Initiation of Refunds (Tentative) | Feb 10, 2026 | Jan 06, 2026 |
| Credit of Share (Tentative) | Feb 10, 2026 | Jan 06, 2026 |
| Listing date (Tentative) | Feb 11, 2026 | Jan 07, 2026 |
| Anchor Lockin End date 1 | Mar 10, 2026 | Feb 03, 2026 |
| Anchor Lockin End date 2 | May 09, 2026 | Apr 04, 2026 |
Brandman Retail IPO P/E ratio is 11.39, as compared to Modern Diagnostic IPO P/E ratio of 11.04.
| Brandman Retail IPO | Modern Diagnostic IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)
| 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.
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 99.92 | 99.99 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 69.03 | 72.85 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 11.39 | 11.04 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹324.85 Cr. | ₹135.89 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 108.47 | 55.21 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 70.48 | 36.18 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.40 | 1.07 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹15.45 | ₹8.15 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 70.33 | 43.27 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Brandman Retail IPO Retail Individual Investors (RII) are offered 16,27,200 shares while in Modern Diagnostic IPO retail investors are offered 16,27,200 shares. Qualified Institutional Buyers (QIB) are offered 9,28,000 shares in Brandman Retail IPO and 7,82,400 shares in Modern Diagnostic IPO.
| Brandman Retail IPO | Modern Diagnostic IPO | |
|---|---|---|
| Anchor Investor Reservation | 13,92,000 shares | 11,61,600 shares |
| Market Maker Reservation | 2,44,800 shares | 2,06,400 shares |
| QIB | 9,28,000 shares | 7,82,400 shares |
| NII | 6,99,200 shares | 5,85,600 shares |
| RII | 16,27,200 shares | 13,63,200 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 46,46,400 shares | 38,92,800 shares |
Brandman Retail IPO subscribed 114.48x in total, whereas Modern Diagnostic IPO subscribed 376.90x.
| Brandman Retail IPO | Modern Diagnostic IPO | |
|---|---|---|
| QIB (times) | 85.24x | 193.51x |
| NII (times) | 202.98x | 702.08x |
| Big NII (times) | 248.47x | 855.83x |
| Small NII (times) | 111.86x | 386.91x |
| RII (times) | 93.12x | 342.46x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 114.48x | 376.90x |
