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Modern Diagnostic IPO Opens: Rs 37 Cr Issue Today!
1 Jan
Summary
- Modern Diagnostic's IPO aims to raise Rs 36.89 crore.
- The IPO price band is set between Rs 85 to Rs 90 per share.
- Listing is expected on BSE SME on January 7, 2026.
Modern Diagnostic & Research Centre, a prominent Indian diagnostic chain, is opening its Initial Public Offering (IPO) today, December 31, 2025. This public issue aims to mobilize Rs 36.89 crore by issuing 0.41 crore fresh shares, with no components from an offer for sale.
The company operates 21 centers, including 18 laboratories and three diagnostic hubs, spread across eight states in India. The IPO's price band has been fixed at Rs 85 to Rs 90 per share. Based on the upper price band, a retail investor would need to invest a minimum of Rs 2,88,000 for 1,600 shares.
The bidding window for this book-built public issue commences today and will conclude on January 2, 2026. Allotment is anticipated on January 5, with refunds processed on January 6. Shares are expected to credit to demat accounts on January 6, leading to the official listing on the BSE SME platform on January 7, 2026.
