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Modern Diagnostic IPO Oversubscribed Nearly 377 Times as Allotment Nears
Modern Diagnostic IPO saw nearly 377x subscriptions, with allotment due January 5 and scheduled BSE SME listing on January 7.
The Modern Diagnostic & Research Centre IPO received an overwhelming response from investors, with the subscription closing at nearly 376.9 times by January 2, 2026, reflecting strong demand from retail and institutional bidders. The issue, comprising a fresh issue valued at about ₹38.49 crore at a price band of ₹85–₹90 per share, saw vigorous participation across categories. Allotment status is expected to be finalised on January 5, and shares are scheduled to list on the BSE SME platform on January 7, offering early indications of investor confidence in the healthcare diagnostics segment.