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Modern Diagnostic IPO vs Swastika Castal IPO

Comparison between Modern Diagnostic IPO and Swastika Castal IPO.

IPO Details

Modern Diagnostic IPO is a SME Fixed Price IPO proposed to list at BSE SME while Swastika Castal IPO is a SME Fixed Price proposed to list at BSE SME.

 Modern Diagnostic IPOSwastika Castal IPO
LogoModern Diagnostic IPO LogoSwastika Castal IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersBeeline Capital Advisors Pvt.Ltd.Horizon Management Pvt.Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Accurate Securities & Registry Pvt.Ltd.
Market MakerSpread X Securities Pvt.Ltd.Horizon Financial Consultants Pvt.Ltd.
DRHPDRHP DRHP
RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL

Issue Size and Price

The total issue size of Modern Diagnostic IPO is up to ₹0.00 Cr whereas the issue size of the Swastika Castal IPO is up to ₹13.35 Cr. The final issue price of Modern Diagnostic IPO is and of Swastika Castal IPO is ₹65.00 per share.

 Modern Diagnostic IPOSwastika Castal IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹65.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size2000 shares
Fresh Issue Size41,00,000 shares20,54,000 shares
Fresh Issue Size (Amount)up to ₹0.00 Crup to ₹13.35 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total41,00,000 shares20,54,000 shares
Issue Size Total (Amount)up to ₹0.00 Crup to ₹13.35 Cr

IPO Timetable

Modern Diagnostic IPO opens on , while Swastika Castal IPO opens on Jul 21, 2025. The closing date of Modern Diagnostic IPO and Swastika Castal IPO is , and Jul 23, 2025, respectively.

 Modern Diagnostic IPOSwastika Castal IPO
Anchor Bid Date
Issue OpenJul 21, 2025
Issue CloseJul 23, 2025
Basis Of Allotment (Tentative)Jul 24, 2025
Initiation of Refunds (Tentative)Jul 25, 2025
Credit of Share (Tentative)Jul 25, 2025
Listing date (Tentative)Jul 28, 2025
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Modern Diagnostic IPO P/E ratio is , as compared to Swastika Castal IPO P/E ratio of 14.8.

 Modern Diagnostic IPOSwastika Castal IPO
Financials

Modern Diagnostic & Research Centre Limited Financial Information (Restated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets57.7949.4936.5448.7
Total Income40.3368.6756.6160.58
Profit After Tax4.965.79-5.73-1.45
Net Worth16.7111.765.9611.7
Reserves and Surplus15.7110.764.9610.7
Total Borrowing21.1320.4615.3120.4
Amount in ₹ Crore

Swastika Castal Ltd. Financial Information (Restated)

Swastika Castal Ltd.'s revenue increased by 30% and profit after tax (PAT) rose by 305% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets30.8323.8226.24
Total Income30.3123.3524.41
Profit After Tax2.630.650.58
EBITDA4.552.482.33
Net Worth10.678.037.39
Reserves and Surplus4.676.535.89
Total Borrowing9.128.979.64
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.00100.00
Promoter Shareholding (Post-Issue)73.49
P/E Ratio14.8
Market Cap₹53.07 Cr.
ROE65.40%28.17%
ROCE25.58%32.74%
Debt/Equity1.740.85
EPS₹4.39
RoNW49.28%24.70%

Shares Offered

In the Modern Diagnostic IPO Retail Individual Investors (RII) are offered while in Swastika Castal IPO retail investors are offered . Qualified Institutional Buyers (QIB) are offered in Modern Diagnostic IPO and 0 shares in Swastika Castal IPO.

 Modern Diagnostic IPOSwastika Castal IPO
Anchor Investor Reserveration
Market Maker Reserveration1,10,000 shares
QIB0 shares
NII10,26,000 shares
RII10,28,000 shares
Employee0 shares
Others
Total20,54,000 shares

Bids Received (Subscription)

Modern Diagnostic IPO subscribed in total, whereas Swastika Castal IPO subscribed 5.08x.

 Modern Diagnostic IPOSwastika Castal IPO
QIB (times)
NII (times)2.42x
Big NII (times)
Small NII (times)
RII (times)7.75x
Employee (times)
Other (times)
Total (times)5.08x