Last Updated:
Unlisted shares of Modern Diagnostic Ltd are trading at Rs 106 apiece in the grey market, which is 17.8% premium over the upper IPO price of Rs 90, indicating moderate listing.
Modern Diagnostic IPO Allotment Status.
Modern Diagnostic IPO Allotment Date, Listing Date, Latest GMP: The allotment of the Modern Diagnostic IPO, which closed on Friday with a whopping 376.90x subscription, is scheduled to be finalised on Monday, January 5. Investors will receive a bank debit or an unblock message once the allotment is finalised in the evening. They can also check the allotment status on the websites of the BSE, the NSE, and registrar MUFG Intime India Pvt Ltd.
The Modern Diagnostic IPO received a whopping 376.90x subscription, garnering bids for 1,02,93,84,000 shares as against the 27,31,200 shares on offer. Its retail category got a 342.46x subscription, while its non-institutional investor (NII) quota got a 702.08x subscription. The QIB category received a 193.51x subscription.
Modern Diagnostic IPO GMP Today
According to market observers, unlisted shares of Modern Diagnostic Ltd are currently trading at Rs 106 apiece in the grey market, which is a 17.8% premium over the upper IPO price of Rs 90. It indicates moderate listing. Its listing will take place on January 7.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Modern Diagnostic IPO Allotment Today: A Step-By-Step Guide To Check Status Online
The Modern Diagnostic IPO allotment is expected to be finalised on Monday, January 5. The allotment status can be checked online by following these steps:
1) Visit registrar MUFG Intime India’s portal – https://in.mpms.mufg.com/Initial_Offer/public-issues.html.
2) Under ‘Select Company’, select ‘Modern Diagnostic & Research Centre Limited (MDRC)’ from the drop-box.
3) Enter your application number, demat account, or permanent account number (PAN).
5) Then, click on the ‘Submit’ button.
Your share application status will appear on your screen.
Via the BSE
1) Go to the official BSE website via the URL — https://www.bseindia.com/investors/appli_check.aspx.
2) Under ‘Issue Type’, select ‘Equity’.
3) Under ‘Issue Name’, select ‘Modern Diagnostic & Research Centre Limited (MDRC)’ in the drop box.
4) Enter your application number, or the Permanent Account Number (PAN). Those who want to check their allotment status via PAN can select the ‘Permanent Account Number’ option.
5) Then, click on the ‘I am not a robot’ to verify yourself and hit the ‘Search’ option.
Your share application status will appear on your screen.
Via NSE’s Website
The allotment status can also be checked on the NSE’s website at https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids.
Modern Diagnostic IPO: More Details
Modern Diagnostic & Research Centre Ltd has entered the primary market with a book-built initial public offering (IPO) worth Rs 36.89 crore. The issue comprises a pure fresh issue of about 0.41 crore equity shares, with no offer for sale component.
The IPO opened for subscription on December 31, 2025, and closed on January 2, 2026. The basis of allotment is scheduled to be finalised on January 5, while the company is expected to make its stock market debut on the BSE SME platform on January 7, 2026.
The price band for the issue has been fixed at Rs 85-Rs 90 per share.
Modern Diagnostic & Research Centre Limited (MDRC) is a diagnostic chain in India, offering a comprehensive range of pathology and radiology services.
Its revenue rose 15% and its profit after tax (PAT) increased 55% between the financial year ending with March 31, 2025 and March 31, 2024.
Click here to add News18 as your preferred news source on Google.
January 03, 2026, 12:16 IST
Read More
