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Explore how Modern Diagnostic & Research Centre Ltd’s IPO performed on its opening day, including investor participation, subscription trends across categories, key issue details, and application methods through ASBA or UPI.
The Modern Diagnostic & Research Centre Ltd IPO opened for subscription on December 31, 2025, marking the entry of the healthcare diagnostics player into the public markets. The company operates in the diagnostic and pathology services segment, catering to growing healthcare demand driven by preventive diagnostics and increased health awareness.
The IPO is a book-built issue with a total issue size of ₹36.89 crore, offering equity shares in a price band of ₹85 to ₹90 per share.
The Modern Diagnostic & Research Centre Ltd IPO witnessed strong investor response on its opening day, driven primarily by retail and non-institutional participation. The issue attracted significant interest from smaller investors, while institutional participation remained comparatively subdued on Day 1.
On the first day of bidding, the IPO was subscribed 2.70× overall. Retail and non-institutional investors led the demand, indicating strong confidence in the company’s healthcare-focused business model.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
0.28× |
Retail Individual Investors (RII) |
2.98× |
Non-Institutional Investors (NII) |
4.60× |
Total |
2.70× |
The robust response from retail and NII segments reflects optimism around the diagnostics sector, while institutional participation may build in subsequent days of the issue.
The price band for the Modern Diagnostic & Research Centre Ltd IPO is set between ₹85 and ₹90 per equity share, with a face value of ₹10 per share.
Investors can apply for a minimum of 1 lot (1,600 shares) and in multiples thereof.
At the upper price band, the minimum investment required is:
| Investor Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
Retail (Min) |
1 |
1,600 |
₹1,44,000 |
S-HNI (Min) |
2 |
3,200 |
₹2,88,000 |
B-HNI (Min) |
10 |
16,000 |
₹14,40,000 |
The lot size and pricing are aligned with typical SME IPO structures, offering participation opportunities to both retail and high-net-worth investors.
For detailed insights about the company, issue particulars, and the latest updates, visit the Modern Diagnostic & Research Centre IPO on Bajaj Markets.
The key IPO milestones based on available disclosures are outlined below:
| Event | Date | Details |
|---|---|---|
IPO Opening Date |
December 31, 2025 |
Issue opens for subscription |
IPO Close Date |
January 2, 2026 |
Final day to submit bids |
Basis of Allotment |
January 5, 2026 |
Finalisation of allotment |
Refunds Initiation |
January 6, 2026 |
Refunds for unallotted investors |
Credit of Shares to Demat |
January 6, 2026 |
Shares credited to Demat accounts |
Listing Date |
January 7, 2026 |
Proposed listing on SME platform |
Note: These dates represent procedural milestones based on publicly available data and are intended for informational purposes only.
Investors can apply for the Modern Diagnostic & Research Centre Ltd IPO through ASBA (via net banking) or UPI-based applications using broker platforms.
This is a convenient and secure method where your application amount stays blocked until shares are allotted.
Log in to your internet banking account.
Go to the ‘Investments’ or ‘IPO Application’ section.
Select ‘Modern Diagnostic & Research Centre Ltd IPO’ from the available list.
Enter your preferred bid quantity and price.
Confirm and submit your application.
The bid amount will remain blocked in your account until allotment.
Upon allotment, the amount will be debited, and shares credited to your Demat account.
You can apply using UPI through your stockbroker’s or financial marketplace’s online platform.
Log in to your trading account or Demat account on your broker’s platform or financial marketplace.
Navigate to the IPO section and select ‘Modern Diagnostic & Research Centre Ltd IPO’.
Enter your application details including number of lots and price.
Provide your UPI ID linked to your bank account.
Approve the UPI mandate request on your UPI app (like BHIM, Google Pay, or PhonePe).
Funds will be debited only upon share allotment.
Once allotted, shares will be credited directly to your Demat account.
Keep yourself updated : Check Upcoming IPO
The information provided above is based on publicly available data from reliable financial news and market sources. Investors are advised to verify figures and consult financial experts before making investment decisions. Market conditions and subscription numbers are subject to change during the IPO window.
Sources
LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo
Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo
Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/
NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos
Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner
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