Modern Diagnostic & Research Centre Ltd Share Price – BSE

Healthcare, Small Cap

The scrip was listed at Rs 99.50, a premium of 10.56% compared with the initial public offer (IPO) price. The stock is currently down 3.52% over its listing price.

The counter hit a high of Rs 100 and a low of Rs 94.54. About 20.91 lakh shares of the company changed hands at the counter.

Modern Diagnostic and Research Centre's IPO was subscribed 350.49 times. The issue opened for bidding on 31 December 2025 and it closed on 2 January 2025. The price band of the IPO was set at Rs 85 to Rs 90 per share.

The IPO comprised fresh issue of 40,99,200 equity shares. The promoter and promoter shareholding diluted to 72.85% from 99.99% pre-IPO.

The company intends to utilize the net proceeds for funding capital expenditure for purchase of medical equipment towards establishment of new diagnostic centre & labs, funding working capital requirement, repayment of certain outstanding borrowings availed by company for general corporate purpose.

Ahead of the IPO, Modern Diagnostic and Research Centre on 30 December 2025, raised Rs 10.45 crore from anchor investors. The board allotted 11.61 lakh shares at Rs 90 per share to 9 anchor investor.

Modern Diagnostic & Research Centre (MDRC) is an established Indian diagnostics chain providing a comprehensive range of pathology and radiology services, with operations spanning 21 centres including 18 laboratories and 3 diagnostic centres across 8 states. The company offers advanced diagnostic solutions such as MRI, CT scans, ultrasound, digital X-rays, ECG, PFT and specialised cardiac and neurological services, supported by high-end infrastructure including a 3-Tesla MRI and a 128-slice CT scanner. Its pathology division covers routine to advanced testing, including molecular diagnostics, cytogenetics and oncology-focused panels, while added services like home sample collection, online reports and customised diagnostic packages enhance accessibility and convenience for patients and institutional clients. As of 30 September 2025, the company had 616 employees including consultants and doctors.

The company recorded revenue from operations of Rs 22.50 crore and net profit of Rs 2.99 crore for the period ended 30 June 2025.

Powered by Capital Market - Live News

The initial public offer (IPO) of Modern Diagnostic and Research Centre received bids for 1,02,95,90,400 shares as against 29,37,600 shares on offer. The issue was subscribed 350.49 times.

Qualified Institutional Buyers (QIBs) bid for 15,14,00,000 shares, Non-Institutional Investors (NIIs) for 41,13,45,600 shares, while individual investors (IND category bidding for 2 lots) placed bids for 46,68,44,800 shares.

The issue opened for bidding on Wednesday (31 December 2025) and it closed on Friday (2 January 2025). The price band of the IPO was between Rs 85 to Rs 90 per share. The minimum order quantity is 1,600 equity shares. The equity shares will list on BSE?s SME platform.

The IPO comprised fresh issue of 40,99,200 equity shares. The promoter and promoter shareholding diluted to 72.85% from 99.99% Pre-IPO.

About 2,06,400 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 38,92,800 equity shares. The issue and the net issue will constitute 27.15% and 25.78% respectively of the post offer paid up equity share capital of the company

The company intends to utilize the net proceeds for funding capital expenditure for purchase of medical equipment towards establishment of new diagnostic centre & labs, funding working capital requirement, repayment of certain outstanding borrowings availed by company for general corporate purpose.

Ahead of the IPO, Modern Diagnostic and Research Centre on Tuesday, 30 December 2025, raised Rs 10.45 crore from anchor investors. The board allotted 11.61 lakh shares at Rs 90 per share to 9 anchor investor.

Modern Diagnostic & Research Centre Limited (MDRC) is an established diagnostic services chain in India, offering a comprehensive portfolio of pathology and radiology services. The company is committed to delivering accurate, timely, and reliable diagnostic solutions supported by advanced technology and professional expertise. MDRC operates 21 diagnostic centres, comprising 18 laboratories and 3 diagnostic centres, across 8 states in India. Its service offerings include a wide range of diagnostic modalities such as MRI, CT scans, ultrasound, digital X-rays, ECG, PFT, and specialized diagnostic services for cardiac and neurological care.

The company?s pathology division provides an extensive array of routine and advanced tests, including molecular diagnostics, cytogenetics, and specialized panels for genetic disorders and oncology. The radiology division is equipped with state-of-the-art imaging infrastructure, including a 3-Tesla MRI machine and a 128-slice CT scanner, enabling high-quality diagnostic imaging. MDRC also offers home specimen collection services in select cities, ensuring greater convenience for patients, along with online report access and customized diagnostic packages for institutional clients and individual patients. As of 30 September 2025, the company had 616 employees including consultants and doctors.

The company recorded revenue from operations of Rs 22.50 crore and net profit of Rs 2.99 crore for the period ended 30 June 2025.

Powered by Capital Market - Live News

The equity shares of Modern Diagnostic & Research Centre (Scrip Code: 544673) are listed and admitted to dealings on the Exchange in the list of ''MT'' Group Securities. At 09:21 IST, the pre-open indicative price of the stock was at a premium of 5.56% to the issue price of Rs 90.

Powered by Capital Market - Live News