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Modern Diagnostic
Price Band
₹85.0–90.0
Issue Size
₹36.89 Cr
Lot Size
1,600 shares
Min Investment
₹288,000
GMP
+₹14.0 (15.56%)
Issue Price
₹90.0
calendar_month Important Dates
bar_chart Subscription Status
Subscription data unavailable
trending_up Grey Market Premium (GMP)
GMP
+₹14.0
GMP %
+15.56%
Est. Listing
₹104.0
schedule Updated: 14 Jul 2026 15:53
Share GMP:
business About the 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 (18 labs, 3 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. Competitive 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
payments Company Financials (₹ Cr)
As of 2025-06-30
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 77.86 | 64.57 | 49.49 | 36.54 |
| Total Income | 22.67 | 78.80 | 68.67 | 56.61 |
| Profit After Tax | 3.00 | 8.97 | 5.79 | -5.73 |
| EBITDA | 5.86 | 17.96 | 11.05 | -0.99 |
| NET Worth | 23.72 | 20.73 | 11.76 | 5.96 |
| Reserves and Surplus | 12.72 | 9.73 | 10.76 | 4.96 |
| Total Borrowing | 30.38 | 22.09 | 20.46 | 15.31 |
Key Ratios
EPS
₹8.15
NAV
₹18.84
ROE
55.21%
ROCE
36.18%
RoNW
43.27%
P/B Value
4.78
P/E Ratio
11.04
Market Cap
₹135.89 Cr
PAT Margin
11.51%
Debt/Equity
1.07
Promoters
Devendra Singh Yadav, Deepali Yadav, Asha Yadav and Jitendra Singh
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 requirements of the Company 8.00 3 Repayment of certain outstanding borrowings availed by the Company 1.00 4 General Corporate Expenses 3.33 5 Issue Expenses 3.87 Total 36.89
info Issue Details
pie_chart Investor Allocation
Registrar
Lead Managers / Book Running
timeline IPO Timeline
Open
31 Dec 2025
Close
02 Jan 2026
Allotment
05 Jan 2026
Listing
07 Jan 2026