Modern Diagnostic IPO Subscription Day 1

Posted by : sachet | Wed Dec 31 2025

Here, the Modern Diagnostic IPO launched on 31st December 2025. Bidding for the issue will close today, 7th January 2026. The primary aim of the Modern Diagnostic IPO is to raise ₹36.89 crores from the market. Also, the Modern Diagnostic IPO has received an impressive level of subscription, indicating that the shares will be listed at an impeccable premium. Scroll down to check the Modern Diagnostic IPO subscription and details.

Table of Contents

Modern Diagnostic IPO Details

IPO Open Date	31st December 2025
Face Value	₹10 per share
Price Band	₹85 to ₹90 per share
Lot Size	1,600 Shares
Issue Type	Bookbuilding Issue
Listing At	BSE & SME
IPO Close Date	2nd January 2026
Listing Date	7th January 2026

The price band for Riddhi Display Equipment’s IPO has been set at ₹85 to ₹90 per share, and a total of 40,99,200 shares are being issued. Let’s segregate the share quota fixed for different categories of investors.

Investor Categories	Shares Offered	Shares Percentage
Market Maker Shares Offered	2,06,400	5.04%
QIB shares offered	19,44,000	47.42%
NII (HNI) Shares Offered	5,85,600	14.29%
Retail Shares Offered	13,63,200	33.26%
Total Shares Offered	40,99,200	100.00%

Modern Diagnostic IPO Subscription Status

As of now, the Modern Diagnostic IPO has been subscribed to 0.80 times. Of these, 0.96 times are subscribed by retail investors, 1.50 times by non-institutional investors, and 0.00 times by QII (Qualified Institutional Investors).

The healthy subscription status indicates that investors are expecting higher returns at the time of Modern Diagnostic’s IPO listing on 7th January 2026. Modern Diagnostic also has a positive outlook behind the fresh issue of 0.41 crore shares, which will raise around Rs 36.89 crores.

Modern Diagnostic IPO GMP Today

We know that higher subscription levels drive grey-market premiums for IPOs. Let’s explore the Modern Diagnostic IPO GMP for 31st December 2025.

The grey market premium for this IPO has surged to 11.11% or Rs 10.00 per share. It indicates that the estimated listing price per share is Rs 100.00. Numerous factors played a pivotal role in this jump in the GMP of Riddhi Display Equipment’s IPO. These include higher subscription rates, favourable market sentiment, and investors’ positive attitude towards IPOs.

GMP DATE	IPO Price	GMP Price	Estimated Listing Price	Estimated Gain
31-12-2025	₹90	₹10	₹100	11.11%
30-12-2025	₹90	₹10	₹100	11.11%
29-12-2025	₹0.00	₹0.00	₹0.00	0.00%
28-12-2025	₹0.00	₹0.00	₹0.00	0.00%
27-12-2025	₹0.00	₹0.00	₹0.00	0.00%
26-12-2025	₹0.00	₹0.00	₹0.00	0.00%

About Modern Diagnostic Ltd.

Modern Diagnostic & Research Centre was established 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 customised test packages for institutional customers and patients, tailored to their specific needs. The company operates 21 centres (18 labs, three diagnostic centres) across eight states, offering diagnostic services such as ultrasound, CT, MRI, X-ray, ECG, PFT, and specialised labs for heart and neuro care. The company has been providing services such as Pathology, Radiology and Home sample collection.

Modern Diagnostic Limited Financials

The company’s financial analysis is essential before applying for the Modern Diagnostic IPO. Look at the table to learn about Modern Diagnostic Limited’s financials.

Year Ended	30th June 2025 (in cr.)	31st March 2025 (in cr.)	31st March 2024	31st March 2023
Assets	77.86	64.57	49.49	36.54
Revenue	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 Borrowings	30.38	22.09	20.46	15.31

Explanation

Modern Diagnostic & Research Centre Limited’s revenue increased by 15% from ₹68.67 crores in March 2024 to ₹78.80 crores in March 2025. Moreover, the company’s PAT increased by 55% from ₹5.79 crores in March 2024 to ₹8.97 crores in March 2025.

Technical Indicators

Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the Modern Diagnostic IPO.

Key Indicators	Value
PE Ratio (Price-to-Earnings)	11.04
EPS (Earnings Per Share)	8.15
RoNW	43.27%
ROCE	36.18%
ROE	55.21%
EBITDA Margin	23.04%
Price to Book Value	4.78
Market Capitalisation	₹135.89 Cr

Modern Diagnostic IPO Listing Expectations

Modern Diagnostic IPO Highlights: IPO allotment is still pending, as the bid will close today. However, given the current GMP or market sentiment, it is reasonable to expect higher listing gains for the share. A jump of 11.11% in Yash Highlight GMP suggests the estimated listing price per share will be around Rs 100.

It will provide higher listing gains to investors who applied for this IPO. Also, the financial fundamentals of this business made it the experts’ top long-term recommendation.

Modern Diagnostic IPO Dates

IPO Open Date	31st December 2025
IPO Close Date	2nd January 2026
Allotment	5th January 2026
Refund Date	6th January 2026
IPO Listing Date	7th January 2026

Note: IPO GMP is volatile and depends on market sentiment. Hence, one should conduct their research before investing in it.