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Explore the Pramodini Medicare Ltd. IPO Day 1 subscription status, investor participation, price band, lot size, issue details, important dates, and the process to apply through ASBA or UPI.
The Pramodini Medicare Ltd. IPO opened for subscription on August 12, 2026. The NSE SME public issue is a combination of a fresh issue and an Offer for Sale (OFS). The total issue size is ₹69.04 Crores, comprising a fresh issue of ₹63.14 Crores and an OFS of ₹5.90 Crores. The price band has been fixed at ₹110 to ₹118 per equity share, with a face value of ₹10 per share.
The IPO will remain open until August 14, 2026. According to the issue details, the company plans to use a part of the fresh issue proceeds to fund capital expenditure for purchasing medical equipment for its existing and proposed diagnostic centres. The remaining applicable proceeds are intended for general corporate purposes and unidentified inorganic acquisitions.
The subscription status indicates the number of bids received relative to the shares available in each investor category:
On the first day of bidding, the Pramodini Medicare Ltd. IPO was subscribed 0.67× overall as of 3:02 PM IST. Qualified Institutional Buyers recorded the highest subscription among the reported categories at 1.81×. Retail Individual Investors subscribed 0.30×, while the Non-Institutional Investor portion was subscribed 0.04×.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
1.81× |
Retail Individual Investors (RII) |
0.30× |
Non-Institutional Investors (NII) |
0.04× |
Total |
0.67× |
The Day 1 figures show that the QIB category had crossed its offered portion at the reported time, while the retail and NII categories remained below 1× subscription. The overall subscription stood at 0.67×.
The Pramodini Medicare Ltd. IPO saw improved participation on the second day of bidding, with the overall subscription rising to 0.86×. Qualified Institutional Buyers continued to lead demand, while retail and non-institutional participation also strengthened compared to the opening day.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
1.81× |
Retail Individual Investors (RII) |
0.63× |
Non-Institutional Investors (NII) |
0.39× |
Total |
0.86× |
The QIB category remained the strongest segment with a subscription of 1.81×. Retail investors subscribed 0.63×, while the NII category reached 0.39×. Overall, the IPO stood at 0.86× subscription on Day 2, indicating a gradual rise in investor participation.
The Pramodini Medicare Ltd. IPO moved above full subscription on Day 3, with the overall subscription reaching 1.41×. Qualified Institutional Buyers recorded the highest subscription among the reported categories, while retail participation also crossed the 1× mark.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
1.81× |
Retail Individual Investors (RII) |
1.54× |
Non-Institutional Investors (NII) |
0.86× |
Total |
1.41× |
The QIB category stood at 1.81×, followed by retail investors at 1.54×. The NII portion was subscribed 0.86×. Overall, the issue reached 1.41× subscription on Day 3, compared with 0.86× on Day 2.
The IPO has a price band of ₹110 to ₹118 per equity share. As an SME issue, its application lot is larger than the typical lot size seen in many mainboard IPOs:
| Particulars | Details |
|---|---|
Price Band |
₹110 to ₹118 per share |
Face Value |
₹10 per share |
Lot Size |
1,200 shares |
Minimum Application |
2,400 shares |
Minimum Investment at Upper Price |
₹2,83,200 |
Based on the stated minimum investment, the minimum application amount at the upper price band is calculated as:
2,400 shares × ₹118 per share = ₹2,83,200
Although the market lot is 1,200 shares, the stated minimum investment of ₹2,83,200 corresponds to 2,400 shares, or two lots, at the upper price band.
For detailed insights about the company, issue particulars, and the latest updates, visit the Pramodini Medicare Ltd. IPO on Bajaj Markets.
The IPO timeline covers the subscription period, allotment process and expected listing on the NSE SME platform:
| Event | Date | Details |
|---|---|---|
IPO Open Date |
August 12, 2026 |
Issue opens for subscription |
IPO Close Date |
August 14, 2026 |
Scheduled final day to submit bids |
Basis of Allotment |
August 17, 2026 |
Allotment is scheduled to be finalised |
Initiation of Refunds |
August 17, 2026 |
Refund or fund-unblocking process is scheduled to begin |
Credit of Shares to Demat |
August 18, 2026 |
Shares are scheduled to be credited to successful applicants |
Listing Date |
August 19, 2026 |
Shares are scheduled to list on NSE SME |
The basis of allotment determines how shares are distributed among valid applicants. Following allotment, shares are scheduled to be credited to the Demat accounts of successful applicants before the listing date.
Note: These dates represent procedural milestones based on publicly available data and are intended for informational purposes only.
Eligible investors can generally submit IPO applications through an ASBA-enabled bank or through a supported broker or intermediary using UPI. The exact interface can differ between banks and investment 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 ‘Pramodini Medicare 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 ‘Pramodini Medicare 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.
Disclaimer
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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