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HomeIPOModern Diagnostic & Research Centre

About Modern Diagnostic & Research Centre

Incorporated in 1985, Modern Diagnostic & Research Centre Limited (MDRC) is an Indian diagnostic chain offering diverse services in pathology, radiology, and other related fields.The firm offers credible diagnostic tests, home sample collection services, web-based reporting, and tailored test packages to institutions as well as clients according to their requirements.The organization has 21 centers (18 labs and 3 diagnostic centers) in 8 states with the provision of diagnostic services in ultrasound, CT scan, MRI scan, X-ray, ECG, PFT, and heart and neurological specialties labs.Services:Pathology:MDRC offers a broad range of tests that include high-end molecular, cytogenetics, and focused panels for genetic diseases and neoplasms.Radiology: The facility provides modern imaging services including MRI, CT scans, ultrasound, and digital X-rays, employing cutting-edge technology such as a 3-Tesla MRI machine and a 128-slice CT scanner. Home Sample Collection: The MDRC has a home blood sample collection facility available in a number of cities, allowing patients to save time as they do not need to come to the centre themselves.

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National Stock Exchange of India logo

National Stock Exchange of India

Mainboard
Open  Close17th Sep 2026 - 21st Sep 2026
Issue Size22561.57 Cr
Min. Qty8 Shares
Issue Price₹ 1700.00
Live IPO
Antala Industries logo

Antala Industries

SME
Open  Close29th Oct 2026 - 5th Nov 2026
Issue Size22.98 Cr
Min. Qty2000 Shares
Issue Price₹ 62.00
Live IPO
Companies NameOpen - CloseIssue SizeMin. QtyIssue PriceApply
National Stock Exchange of India logo

National Stock Exchange of India

Mainboard
17th Sep 2026 - 21st Sep 202622561.57 Cr8 Shares₹ 1700.00
Antala Industries logo

Antala Industries

SME
29th Oct 2026 - 5th Nov 202622.98 Cr2000 Shares₹ 62.00
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Modern Diagnostic & Research Centre

Modern Diagnostic & Research Centre

Open Date

31 Dec 2025

Close Date

02 Jan 2026

listed

Min Investment

₹288000

Lot Size

3200 Shares

Issue Size

₹36.89 Cr

Price Range

₹85 - ₹90

Listing Date

Jan 7, 2026

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RHP PDF

Company Valuation

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The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily.

₹12.5(+13.33%)GMP
13.89%Prediction Listing Gain

Grey Market Premium (GMP) Trend

Modern Diagnostic & Research Centre IPO - Issue Objectives

The company will utilise ₹20.68 crore for the purchase of medical equipment for diagnostic centres The company will utilise ₹8 crore towards funding working capital requirements The company will utilise ₹1 crore to repay certain outstanding borrowings Part of the IPO proceeds will be used for general corporate purposes and issue expenses

Capital expenditure

55.8%

Working capital

21.6%

Repayment of borrowings

2.7%

General corporate purposes

19.9%

1

Capital expenditure

The company will utilise ₹20.68 crore for the purchase of medical equipment for diagnostic centres

55.80%
2

Working capital

The company will utilise ₹8 crore towards funding working capital requirements

21.60%
3

Repayment of borrowings

The company will utilise ₹1 crore to repay certain outstanding borrowings

2.70%
4

General corporate purposes

Part of the IPO proceeds will be used for general corporate purposes and issue expenses

19.90%

IPO Subscription Status

QIB
193.51x
NII
702.43x
Total
376.97x

Times subscribed by category (bars capped at 10x for readability). Dashed line marks 1.0x (fully subscribed).

Financials of Modern Diagnostic & Research Centre

In Cr.

Key Performance Indicator30-Jun-25 (In Cr.)31-Mar-25 (In Cr.)31-Mar-24 (In Cr.)31-Mar-23 (In Cr.)
Revenue22.6778.8068.6756.61
EBITDA5.8617.9611.05-0.99
Expenses
Profit After Tax3.008.975.79-5.73
Assets77.8664.5749.4936.54
Net Worth23.7220.7311.765.96
Reserves12.729.7310.764.96
Borrowing30.3822.0920.4615.31

Modern Diagnostic & Research Centre - Promoter(s)

Mr. Devendra Singh Yadav

Mrs. Deepali Yadav

Mrs. Asha Yadav

Mr. Jitendra Singh

Pre Issue Share Holding

99.99%

Post Issue Share Holding

72.85%

Contact Details

Modern Diagnostic & Research Centre

Plot No H-64, 1st Floor BLK-H, Bali Nagar City landmark near Khetar Pal Hospital, Ramesh Nagar, West Delhi West Delhi, New Delhi, 110015

9999474297
compliance@mdrcindia.com
http://www.mdrcindia.com/

Registrar Contact Details

MUFG Intime India Pvt.Ltd.

+91-22-4918 6270
moderndiagnostic.smeipo@in.mpms.mufg.com
https://in.mpms.mufg.com/Initial_Offer/public-issues.html

Modern Diagnostic & Research Centre IPO - FAQs

Modern Diagnostic & Research Centre IPO is a SME IPO. The issue is priced at ₹85-90 per equity share. The minimum order quantity is 3200 Shares. The IPO opens on 31 Dec, and closes on 2 Jan. MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on SME.









IPO Timeline

  • Pre Apply2025-12-30
  • Bidding Starts2025-12-31
  • Bidding Ends2026-01-02
  • Allotment Finalisation2026-01-05
  • Release of Funds2026-01-06
  • Demat Transfer2026-01-06
  • Listing2026-01-07