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Kolkata: If the Rs 36.89-crore SME IPO of Modern Diagnostic is any indication, 2026 could mark the third year in succession for primary market investors. In the first two days of the bidding window, Modern Diagnostic IPO was subscribed 30.87 times overall -- 33.85 times in the individual investors category, 8.94 times in QIB (Ex Anchor) category and 53.22 times in the NII category. What is most significant is the fact that the QIBs or Qualified Institutional Buyers have reacted with great enthusiasm. These are usually banks and mutual funds which have deep pockets to invest big sums and the skills to analyse a public issue threadbare.
According to investorgain, Modern Diagnostic SME IPO in early morning of Jan 2 stood at Rs 14. Considering its price of Rs 90, Modern Diagnostic SME IPO's estimated listing price is Rs 104 and the listing gain. therefore, will work out to 15.56%. Modern Diagnostic SME IPO GMP stood at Rs 10 in early morning of Dec 31 and then rose to Rs 13 later in the day. It jumped to this level from zero on Dec 30. However, it must be kept in mind that GMP is an unofficial indicator, it is volatile and cannot guarantee any listing gain (or loss).
The Modern Diagnostic IPO price band is Rs 85-90. The minimum investible lot for a retail investor in this IPO is 1,600 shares for a retail investor for which he/she will have to pay an application amount of Rs 2,88,000 based on the upper price. For HNIs the minimum lot size for investment is three lots or 4,800 shares.
Beeline Capital Advisors is the book running lead manager, while MUFG Intime India has been appointed the registrar of the issue and the Market Maker of the company is Spread X Securities.
Bid closes: Today, Jan 2, 2026
Allotment: Jan 5
Refund: Jan 6
Credit of shares to demat: Jan 6
Listing: Jan 7
Modern Diagnostic & Research Centre is a diagnostic chain which has 21 centers of which 18 are laboratories and three are diagnostic centers which are spread across eight states. It offers a wide range of pathology and radiology services.
(Disclaimer: This article is only meant to provide information. TV9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, precious metals, commodity, REITs, InvITs and any form of alternative investment instruments and crypto assets.)
