Modern Diagnostic IPO Description – Modern Diagnostic & Research is a leading provider of diagnostic and related healthcare testing services in India, operating through a network of 21 centers, including 18 laboratories and 3 diagnostic centers across 8 states. Specializing in both pathology and radiology, the company offers an extensive portfolio of services such as MRI, CT scans, digital X-rays, ultrasound, mammography, ECG, CBCT, PFT, and advanced pathology disciplines, including molecular, clinical, anatomical, and forensic pathology.
With a customer base spanning individual patients, hospitals, corporate clients, and healthcare providers, Modern Diagnostic emphasizes quality, affordability, and patient-centric care—factors that drive preference in India’s competitive healthcare market. The company has integrated PACS (Picture Archiving and Communication System) to digitize, store, and remotely share diagnostic images, enabling efficient, secure, and rapid reporting.
As of 30 September 2025, Modern Diagnostic employs 616 professionals, including consultants and doctors.
Promoters of Modern Diagnostic & Research – Mr. Devendra Singh Yadav, Mrs. Deepali Yadav, Mrs Asha Yadav and Mr. Jitendra Singh
Table of Contents
Modern Diagnostic & Research IPO Details
| Modern Diagnostic IPO Dates | 31 Dec – 2 Jan 2026 |
| Modern Diagnostic Issue Price | INR 85 – 90 per share |
| Fresh Issue | 40,99,200 shares (INR 34.84 – 36.89 crore) |
| Offer For Sale | Nil |
| Total IPO Size | 40,99,200 shares (INR 34.84 – 36.89 crore) |
| Minimum Bid | 3,200 shares (INR 2,88,000) |
| Lot Size | 1,600 shares (INR 1,44,000) |
| Face Value | INR 10 per share |
| Individual Allocation | 35% |
| Listing On | BSE SME |
Modern Diagnostic Financial Performance
| FY 2023 | FY 2024 | FY 2025 | Q1 FY 2026 | |
| Revenue | 56.28 | 67.13 | 77.95 | 22.50 |
| Expenses | 62.55 | 61.81 | 66.08 | 18.40 |
| Net income | (5.73) | 5.79 | 8.97 | 3.00 |
Modern Diagnostic Offer News
- Modern Diagnostic RHP
- Modern Diagnostic Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2025
Modern Diagnostic Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 | |
| EPS | (5.21) | 5.27 | 8.15 |
| PE ratio | – | – | 10.43 – 11.04 |
| RONW (%) | (96.12) | 49.28 | 43.27 |
| NAV | 5.42 | 10.69 | 18.84 |
| ROCE (%) | (17.18) | 25.57 | 36.18 |
| EBITDA (%) | (1.75) | 16.46 | 23.04 |
| Debt/Equity | 2.57 | 1.74 | 1.07 |
Modern Diagnostic IPO GMP Today
| Date | Consolidated IPO GMP | Subject to Sauda |
| Coming soon | – | – |
Modern Diagnostic IPO Subscription – Live Updates
Coming soon
The market maker reservation portion of 2,06,400 shares and the anchor investor portion of 11,61,600 shares are not included in the above calculations.
Modern Diagnostic IPO Allotment Status
Modern Diagnostic IPO allotment status will be available on MUFG Intime’s website. Click on this link to get the allotment status.
Modern Diagnostic IPO Dates & Listing Performance
| IPO Opening Date | 31 December 2025 |
| IPO Closing Date | 2 January 2026 |
| Finalization of Basis of Allotment | 5 January 2026 |
| Initiation of refunds | 6 January 2026 |
| Transfer of shares to demat accounts | 6 January 2026 |
| IPO Listing Date | 7 January 2026 |
| Opening Price on BSE SME | Coming soon |
| Closing Price on BSE SME | Coming soon |
Modern Diagnostic Offer Lead Manager
BEELINE CAPITAL ADVISORS PRIVATE LIMITED
B 1311-1314, Thirteenth Floor, Shilp Corporate Park,
Rajpath Rangoli Road, Thaltej, Ahmedabad- 380054, Gujarat
Phone: 079 4918 5784
Email: [email protected]
Website: www.beelinemb.com
Modern Diagnostic Offer Registrar
MUFG INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: [email protected]
Website: www.linkintime.co.in
Modern Diagnostic Contact Details
MODERN DIAGNOSTIC & RESEARCH LIMITED
363/4 Jawahar Nagar, New Railway Road,
Gurugram, Sadar Bazar, Haryana-122001, India
Phone: +91 9999474297
E-mail: [email protected]
Website: www.mdrcindia.com
IPO FAQs
What is the Modern Diagnostic offer size?
Modern Diagnostic’s offer size is INR 34.84 – 36.89 crores.
What is the Modern Diagnostic offer price band?
Modern Diagnostic public offer price is INR 85 – 90 per share.
What is the lot size of the Modern Diagnostic IPO?
Modern Diagnostic offer lot size is 1,600 shares.
What is the Modern Diagnostic IPO GMP today?
Modern Diagnostic IPO GMP today is INR NA per share.
What is the Modern Diagnostic IPO Subject to Sauda rate today?
Modern Diagnostic Subject to Sauda rate today is INR NA per application.