Modern Diagnostic IPO GMP today is Rs 9.5. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
SME IPO
MODERNDIAGNOSTIC
Modern Diagnostic IPO GMP & Allotment
The Modern Diagnostic & Research Centre Limited IPO is a book-built SME issue that opened for subscription today, December 31, 2025, and will conclude on January 2, 2026. Priced between ₹85 and ₹90 per share, the company aims to raise approximately ₹37 crores through a fresh issue of shares to fund capital expenditures for medical equipment, working capital, and debt repayment. Since its inception in 1985, the company has grown into a significant diagnostic provider with 21 centers across 8 states, offering integrated radiology and pathology services. Financially, the company has demonstrated a strong turnaround, reporting a profit of ₹8.97 crores in FY25 (up 55% from the previous year) on a revenue of ₹78.8 crores, recovering from historical losses in FY23. Early grey market indicators suggest a modest positive sentiment with a GMP of roughly 12% as the issue opens. With a retail quota of 35% and a minimum investment requirement of ₹2,88,000 for two lots, analysts generally view this as a potential long-term play for investors looking for exposure to the growing healthcare diagnostics sector.
- IPO Price Band
- ₹85.00 - ₹90.00
- Lot Size
- 1,600 Shares
- Bidding Closes
- 02 Jan 2026
- Listing Date
- 07 Jan 2026
Quick Answer & Highlights
Modern Diagnostic IPO GMP Today & Key Takeaways
Last updated: 02 Jan 2026
Modern Diagnostic IPO officially listed on 07 Jan 2026 at Rs 99.50, delivering a +10.56% listing gain compared to its issue price of Rs 90.00. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹9.5.
Modern Diagnostic IPO officially listed on 07 Jan 2026 at ₹99.50, delivering a +10.56% listing gain compared to its issue price of ₹90.00. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹9.5.
| Key Metric | Figure | Status / Context |
|---|---|---|
| Current GMP | ₹9.5 | +10.56% vs upper band (02 Jan 2026) |
| Est. Listing Price | ₹99.50 | +10.56% Est. Listing Gain |
| Price Band | ₹85.00 - ₹90.00 | SME IPO |
| Retail Minimum Investment | ₹2,88,000 | 2 Lot (1,600 Shares) |
| Bidding Window | 31 Dec 2025 – 02 Jan 2026 | Listed |
| Allotment & Listing Dates | Allotment: 03 Dec 2025 | Listing: 07 Jan 2026 |
Current GMP Status
₹9.5
+10.56% vs upper band
Est. Listing Gain
+10.56%
Last Trend
02 Jan 2026
Listing Price
₹99.50
Retail Entry
₹2,88,000
IPO Details
Complete IPO information
| IPO Open Date | 31 Dec 2025 |
|---|---|
| IPO Close Date | 02 Jan 2026 |
| IPO Price Band | ₹85.00 - ₹90.00 |
| Lot Size | 1,600 Shares |
| Current GMP | ₹9.5 |
| Estimated Listing Gain | +10.56% |
| Issue Size | - |
| Fresh Issue | - |
| Issue Type | SME |
| IPO Listing | NSE, BSE |
| Retail Quota | 222% |
| Registrar | Quia fugiat impedi |
| Overall Subscription | 5x |
| Minimum Investment | ₹2,88,000 |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus | - |
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Modern Diagnostic is priced at ₹90 per share. With a minimum lot size of 1,600 shares, a retail investor applying for one lot would need approximately ₹2,88,000 to participate in this SME issue.
The latest recorded Grey Market Premium for Modern Diagnostic stands at ₹9.5, implying an estimated listing gain of around 10.56% over the issue price if it holds until listing. This is up ₹1 from its previously recorded level. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, Modern Diagnostic's IPO was subscribed 5x overall, with a category-wise breakdown of Retail 5x, QIB 4x.
SME IPOs list on the dedicated SME platform of BSE/NSE. They usually involve smaller issue sizes and a higher per-lot investment than Mainboard issues, with comparatively lower institutional participation.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
31 Dec 2025
✓
Bidding Closes
02 Jan 2026
✓
Allotment
03 Dec 2025
✓
Listing
07 Jan 2026
| Event / Milestone | Scheduled Date | Status |
|---|---|---|
| Bidding Opens | 31 Dec 2025 | Completed |
| Bidding Closes | 02 Jan 2026 | Completed |
| Allotment | 03 Dec 2025 | Completed |
| Listing | 07 Jan 2026 | Completed |
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 02 Jan 2026 | ₹14.00 | +₹1.00 | 15.56% |
| 01 Jan 2026 | ₹13.00 | +₹1.00 | 14.44% |
| 31 Dec 2025 | ₹12.00 | +₹12.00 | 13.33% |
| 29 Dec 2025 | ₹0.00 | - | 0.00% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 3,200 | ₹2,88,000 |
| Retail Maximum | 2 Lot | 3,200 | ₹2,88,000 |
| S-HNI Minimum | 3 Lot | 4,800 | ₹4,32,000 |
| S-HNI Maximum | 6 Lot | 9,600 | ₹8,64,000 |
| B-HNI Minimum | 7 Lot | 11,200 | ₹10,08,000 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Analysis
Modern Diagnostic IPO Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 31 Dec 2025 |
| IPO Close Date | 02 Jan 2026 |
| Basis of Allotment | 03 Dec 2025 |
| Refunds | - |
| Credit to Demat Account | - |
| IPO Listing Date | 07 Jan 2026 |
Note: The timeline for Modern Diagnostic IPO is tentative and subject to change.
Analysis
Modern Diagnostic Objects of the Issue & Utilisation of Proceeds
To Be Updated Soon
Analysis
Modern Diagnostic Company Financials
To Be Updated Soon
Analysis
Modern Diagnostic Company Valuation – FY2026
To Be Updated Soon
Analysis
Modern Diagnostic IPO Peer Group Comparison
To Be Updated Soon
Comparison
Compare Modern Diagnostic IPO with similar IPOs
FAQ
Modern Diagnostic IPO FAQs
Based on the latest Grey Market Premium (GMP) of Rs 9.5 and an issue price of Rs 90, the estimated listing price for Modern Diagnostic IPO is Rs 99.50 (approx 10.56% listing gain). Actual listing price is determined by market demand on the listing day.
Modern Diagnostic IPO price band is Rs 85.00 to Rs 90.00. Check the latest issue price, lot size and GMP together before applying.
Modern Diagnostic IPO open date is 31 Dec 2025, close date is 02 Jan 2026, and listing date is 07 Jan 2026.
Modern Diagnostic IPO lot size is 1,600 shares. The minimum retail investment is Rs 2,88,000.
Modern Diagnostic is classified as a SME IPO. This helps investors quickly understand the issue category and exchange segment.
Modern Diagnostic IPO subscription status currently shows Retail 5x, QIB 4x, Overall 5x.
The Modern Diagnostic & Research Centre Limited IPO is a book-built SME issue that opened for subscription today, December 31, 2025, and will conclude on January 2, 2026. Priced between ₹85 and ₹90 per share, the company aims to raise approximately ₹37 crores through a fresh issue of shares to fund capital expenditures for medical equipment, working capital, and debt repayment. Since its inception in 1985, the company has grown into a significant diagnostic provider with 21 centers across 8 states, offering integrated radiology and pathology services. Financially, the company has demonstrated a strong turnaround, reporting a profit of ₹8.97 crores in FY25 (up 55% from the previous year) on a revenue of ₹78.8 crores, recovering from historical losses in FY23. Early grey market indicators suggest a modest positive sentiment with a GMP of roughly 12% as the issue opens. With a retail quota of 35% and a minimum investment requirement of ₹2,88,000 for two lots, analysts generally view this as a potential long-term play for investors looking for exposure to the growing healthcare diagnostics sector.
Modern Diagnostic IPO issue size is TBA and the expected allotment date is 03 Dec 2025.
In our empirical study of 104 Indian IPO listings, positive GMP was followed by a positive listing gain 69.9% of the time. However, as an exact forecast, the median variation between GMP-implied gain and actual listing price was 7.8 percentage points. GMP reflects informal market sentiment and should always be evaluated alongside company valuation and fundamentals.
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