Modern Diagnostic SME GMP - Live Grey Market Premium

Alloted
Modern Diagnostic SME

Modern Diagnostic & Research Centre Limited (MDRC), established in 1985, is a prominent diagnostic services network in India. The company provides a comprehensive range of pathology and radiology solutions, including high-end molecular diagnostics, 3-Tesla MRI, and 128-slice CT scans. Operating 21 centers across 8 states, MDRC leverages a hub-and-spoke model and a centralized IT platform to offer digital reports and home sample collection. It serves a diverse clientele of individual patients, hospitals, and institutional customers.

Issue Price
90
Current GMP
14
GMP %
+15.56
Est. Listing Price
104
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IPO Details

Price Range
₹85.0 - ₹90.0
Issue Size
₹35.04 Cr
Lot Size
1600 shares
IPO Type
BSE SME
Open Date
31 Dec 2025
Close Date
2 Jan 2026
Allotment Date
5 Jan 2026
Listing Date
7 Jan 2026

GMP Timeline

DateIPO PriceGMPEst. Price% Change
5 Jan 2026Live
90
12
102
+13.33
4 Jan 2026
90
16
106
+17.78
3 Jan 2026
90
16
106
+17.78
2 Jan 2026
90
16
106
+17.78
1 Jan 2026
90
14
104
+15.56
31 Dec 2025
90
13
103
+14.44
30 Dec 2025
90
10
100
+11.11
29 Dec 2025
90
0
90
0.00
28 Dec 2025
90
0
90
0.00
27 Dec 2025
90
0
90
0.00
26 Dec 2025
90
0
90
0.00
25 Dec 2025
90
0
90
0.00
24 Dec 2025
90
0
90
0.00
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Important Notes About Grey Market Premium

Grey Market Premium (GMP) is an unofficial value that indicates investor sentiment before the IPO listing. It is the premium amount at which IPO shares are traded in the grey market before they are officially listed on the stock exchange.

GMP fluctuates based on market conditions and investor sentiment. A positive GMP suggests the market expects the stock to list above its issue price, while a negative GMP suggests it may list below the issue price.

The actual listing price may differ from the estimated price based on GMP due to market conditions on the listing day. GMP is not an official indicator and should not be the sole basis for investment decisions.

IPOwiz updates the GMP values regularly, but these values are sourced from unofficial channels and should be used as a reference only.

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Frequently Asked Questions

What is GMP (Grey Market Premium)?
GMP (Grey Market Premium) is the premium at which IPO shares are traded in the unofficial market before official listing. It indicates market sentiment and expected listing price. A positive GMP suggests strong demand, while negative GMP indicates weak market sentiment.
What is the current GMP for Modern Diagnostic SME?
The current GMP for Modern Diagnostic SME is ₹14. This represents a 15.56% premium over the issue price of ₹90.
What is the estimated listing price based on current GMP?
Based on the current GMP of ₹14 and issue price of ₹90, the estimated listing price for Modern Diagnostic SME is ₹104. However, the actual listing price may differ based on market conditions on 7 January 2026.
How is GMP calculated?
GMP is determined by market demand and supply in the unofficial grey market. It's the difference between the expected listing price and the issue price. Higher GMP indicates strong demand and investor confidence, while lower or negative GMP suggests weak demand.
Is GMP reliable for IPO investment decisions?
GMP provides market sentiment but shouldn't be the sole factor for investment decisions. It's unofficial and can change daily. Consider company fundamentals, financials, market conditions, and your risk appetite before investing. GMP is a reference indicator, not a guarantee.
Can GMP change before listing?
Yes, GMP is highly volatile and can change daily based on market conditions, subscription levels, overall market sentiment, and news about the company. The GMP you see today may be different tomorrow, and it can change until 7 January 2026.
What happens if GMP is negative?
A negative GMP indicates the stock may list below the issue price, suggesting weak market demand. However, actual listing price may differ from GMP predictions, and negative GMP doesn't guarantee a loss.
How does GMP affect IPO subscription?
High GMP often correlates with high subscription rates as investors expect good listing gains. However, this isn't always true. Some IPOs with high GMP may have lower subscription if investors are cautious. GMP reflects market sentiment, which can influence subscription behavior.
What is the estimated profit based on GMP?
For a lot size of 1600 shares (2 lots for SME IPO), the estimated profit based on current GMP of ₹14 is ₹44,800. This is calculated as: Lot Size × GMP × Number of Lots. Note: This is an estimate and actual listing price may vary.