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Modern Diagnostic & Research Centre

Incorporated in 1985, Modern Diagnostic & Research Centre Limited is an India-based diagnostic service provider offering a wide range of pathology and radiology services to patients and institutions. The company delivers reliable diagnostic testing along with home sample collection, online report access, and customized health packages designed to meet individual and institutional requirements. It operates 21 centres, including 17 laboratories and 4 diagnostic centres, spread across 8 states, and provides services such as ultrasound, CT scan, MRI, X-ray, ECG, PFT, and specialized diagnostic facilities for cardiac and neurological care. Its pathology services cover routine tests as well as advanced molecular diagnostics, cytogenetics, and specialized testing for genetic disorders and cancer, while radiology services include MRI, CT scans, ultrasound, and digital X-rays using modern equipment. As of February 28, 2025, the company has a workforce of 570 employees, including doctors and consultants.

₹85 - ₹90376.97x sub
Listed Price₹99.50
Listing Gain+10.56%

IPO Schedule & Timeline

Bookbuilding IPO
Open31 Dec 2025
Close02 Jan 2026
Allotment05 Jan 2026
Listing07 Jan 2026

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Anchor11,61,600 shares
28.34%
QIB7,82,400 shares
19.09%
HNI5,85,600 shares
14.29%
Retail13,63,200 shares
33.26%
Market Maker2,06,400 shares
5.04%

Minimum Application Lots

Retail2 Lots (3,200 shares)
₹2,88,000
sHNI3 Lots (4,800 shares)
₹4,32,000
bHNI7 Lots (11,200 shares)
₹10,08,000

Company Promoters

Mr. Devendra Singh YadavMrs. Deepali YadavMrs. Asha YadavMr. Jitendra Singh

Company Background

Incorporated in 1985, Modern Diagnostic & Research Centre Limited is an India-based diagnostic service provider offering a wide range of pathology and radiology services to patients and institutions. The company delivers reliable diagnostic testing along with home sample collection, online report access, and customized health packages designed to meet indivi...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Jun-25)₹22.67 Cr
Growth-60.0%
Revenue Trend (₹ in Crores)
0.030.260.490.6Mar-23Mar-24Mar-25Jun-25
PeriodRev (Cr)PAT (Cr)AssetsDebt
Jun-2522.67377.8630.38
Mar-2578.88.9764.5722.09
Mar-2468.675.7949.4920.46
Mar-2356.61-5.7336.5415.31

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Jun-25013.49%9.54%011.33
Mar-25055.21%36.18%11.040
Mar-24065.40%25.27%00
Mar-230-64.92%-17.18%00

Peer Comparison & Valuation

Financial Performance

Vijaya Diagnostic Centre Ltd

NAV/Share (₹)77.42
RONW(%)18.07
EPS (Basic) (₹)13.92

Modern Diagnostic & Research Centre Ltd

NAV/Share (₹)18.84
RONW(%)43.27
EPS (Basic) (₹)8.15

Valuation

Vijaya Diagnostic Centre Ltd

P/E(X)72.36
CMP* (₹)0
Face value (₹)1

Modern Diagnostic & Research Centre Ltd

P/E(X)0
CMP* (₹)0
Face value (₹)10

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Link Intime India Private Limited

Allotment Finalized
Allotment Date
05 Jan 2026
Official Status
Out / Finalized
Registrar
Link Intime India Private Limited
Listing Date
07 Jan 2026

Official Allotment Verification Links

Official Registrar Portal
Link Intime India Private Limited

Direct allotment verification on the official registrar portal appointed for Modern Diagnostic & Research Centre. Check with PAN or Application No.

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Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization05 Jan 2026Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date07 Jan 2026Trading commences on exchange

How to Check Modern Diagnostic & Research Centre Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Modern Diagnostic & Research Centre from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

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Prospectus & Official Filings

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About Modern Diagnostic & Research Centre IPO

Complete issue overview for Modern Diagnostic & Research Centre (MDRCL) IPO. The issue features an equity share price band of ₹85 – ₹90 per share with a minimum retail lot size of 1600 Shares (minimum application amount of ₹1,44,000). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions