Modern Diagnostic & Research Centre Ltd. IPO is a Book Build Issue
The equity shares are proposed to be listed on the BSE SME. Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Modern Diagnostic IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | [.] to [.] per share |
| Lot Size | |
| Sale Type | Fresh Capital |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,10,00,000 shares |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Mon, Mar 31, 2025 |
| SEBI/Exchange approval received | Wed, Aug 13, 2025 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:
As on February 28, 2025, the company has total 570 Employees including Consultants and doctors.
Competitive Strengths:
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 57.79 | 49.49 | 36.54 | 48.7 |
| 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 | 11.7 |
| Reserves and Surplus | 15.71 | 10.76 | 4.96 | 10.7 |
| Total Borrowing | 21.13 | 20.46 | 15.31 | 20.4 |
| Amount in ₹ Crore | ||||
| KPI | Values |
|---|---|
| ROE | 65.40% |
| ROCE | 25.58% |
| Debt/Equity | 1.74 |
| RoNW | 49.28% |
| PAT Margin | 8.63% |
The Company Modern Diagnostic IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Funding capital expenditure for purchase of medical Equipments for diagnostic centre and laboratories | 206.85 |
| 2 | Funding Working Capital Requirement | 115.95 |
| 3 | Repayment of certain outstanding borrowings availed by the Company | 45 |
| 4 | General Corporate Expenses |
Modern Diagnostic & Research Centre Ltd.
Plot No H-64,1st Floor BLK-H,
Bali Nagar City landmark near Khetar Pal Hospital,
Ramesh Nagar, West Delhi, New Delhi
West Delhi, New Delhi, 110015
Phone: 9999474297
Email: compliance@mdrcindia.com
Website: http://www.mdrcindia.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: moderndiagnostic.smeipo@in.mpms.mufg.com
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Modern Diagnostic IPO is a SME IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at . The minimum order quantity is .
The Modern Diagnostic IPO open and close dates are not available as of now.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Modern Diagnostic IPO using UPI as a payment gateway. Zerodha customers can apply in Modern Diagnostic IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Modern Diagnostic IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Modern Diagnostic IPO dates are not announced. Please check back again after some time.
Modern Diagnostic IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Modern Diagnostic IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Modern Diagnostic IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Modern Diagnostic IPO allotment status.
The Modern Diagnostic IPO listing date is not yet announced. The tentative date of Modern Diagnostic IPO listing is [.].
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