Modern Diagnostic SME IPO Subscription Status
Modern Diagnostic SME IPO closed on 2 January 2026 with an overall subscription of 376.97x based on shares applied. QIB demand came in at 193.51x, NII at 702.43x, and retail at 342.46x.
Allotment will be finalised on 5 January 2026. The stock is scheduled to list on NSE and BSE on 7 January 2026.
Issue Price
Rs 90.00
GMP Today
Rs 14.00 (+15.56%)
Overall Subscription
376.97x
Issue Size
₹35.04 Cr
Allotment Date
5 Jan 2026
Listing Date
7 Jan 2026
Modern Diagnostic SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 90.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 7.04 Cr | Rs 1,362.60 Cr | 193.51x |
| FII | - | Rs 277.65 Cr | - |
| DFI | - | Rs 37.60 Cr | - |
| Mutual Funds | - | - | - |
| Other | - | Rs 1,047.36 Cr | - |
| NII | Rs 5.27 Cr | Rs 3,702.11 Cr | 702.43x |
| bNII (above Rs 10L) | Rs 3.51 Cr | Rs 3,033.53 Cr | 863.37x |
| Corporate | - | Rs 35.29 Cr | - |
| Individual | - | Rs 2,963.85 Cr | - |
| Other | - | Rs 34.39 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 1.76 Cr | Rs 668.58 Cr | 380.57x |
| Corporate | - | Rs 3.50 Cr | - |
| Individual | - | Rs 659.45 Cr | - |
| Other | - | Rs 5.63 Cr | - |
| IND | Rs 12.27 Cr | Rs 4,201.60 Cr | 342.46x |
| Fixed price | - | Rs 4,201.60 Cr | - |
| Total | Rs 24.58 Cr | Rs 9,266.31 Cr | 376.97x |
Modern Diagnostic SME IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 489 | 109 | 0.22x |
| FII | - | 25 | - |
| DFI | - | 3 | - |
| Mutual Funds | - | - | - |
| Other | - | 81 | - |
| NII | 122 | 43,520 | 356.72x |
| bNII (above Rs 10L) | 81 | 28,729 | 354.68x |
| Corporate | - | 319 | - |
| Individual | - | 28,076 | - |
| Other | - | 334 | - |
| sNII (Rs 2L to Rs 10L) | 41 | 14,791 | 360.76x |
| Corporate | - | 80 | - |
| Individual | - | 14,583 | - |
| Other | - | 128 | - |
| IND | 426 | 1,45,889 | 342.46x |
| Fixed price | - | 1,45,889 | - |
| Total | 1,037 | 1,89,518 | 182.76x |
What Do These Subscription Numbers Mean?
A subscription of 376.97x by shares means the IPO received bids for 377 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 193.51x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 193.51x, it reflects serious institutional conviction.
NII at 356.72x by applications: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription. bNII came in at 354.68x and sNII at 360.76x by applications. Share subscription was 702.43x. Allotment uses application count, not share volume.
At 342.46x subscription by applications, approximately 1 in 342 retail applicants can expect an allotment (~1% per application). Retail allotment is done by lottery when oversubscribed.
Modern Diagnostic SME IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail (IND)
- •Application subscription: 342.46x.
- •Allotment odds: about 1 in 342 (~1% chance per application).
- •Method: Lottery. If allotted, you receive at least one lot.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Application subscription: 360.76x.
- •Allotment odds: about 1 in 361 for a minimum-lot application (~1% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 380.57x. Allotment uses application count, not share volume.
BHNI (above Rs 10 lakh)
- •Application subscription: 354.68x.
- •Allotment odds: about 1 in 355 for a minimum-lot application (~1% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 863.37x. Allotment uses application count, not share volume.
Check the Modern Diagnostic SME IPO Allotment Status page from 5 January 2026 for your allotment result.
Modern Diagnostic SME IPO GMP After Subscription
GMP for Modern Diagnostic SME stands at Rs 14.00 today, giving an estimated listing price of Rs 104.00 per share.
A subscription of 376.97x combined with a GMP of 15.56% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Modern Diagnostic SME IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Modern Diagnostic SME IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 31 Dec 2025 | 4.01x | 7.96x | 5.51x | 5.60x |
| Day 2 - 1 Jan 2026 | 8.94x | 53.22x | 33.85x | 30.87x |
| Day 3 - 2 Jan 2026 | 193.51x | 702.08x | 342.46x | 376.90x |
Modern Diagnostic SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 31 December 2025 |
| IPO Close Date | 2 January 2026 |
| Allotment Date | 5 January 2026 |
| Refund Initiation | 6 January 2026 |
| Share Credit to Demat | 6 January 2026 |
| Listing Date | 7 January 2026 |
| Minimum Investment | Rs 2,88,000.00 |
| Lot Size | 1600 shares |
About 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.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
IND - Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Modern Diagnostic SME IPO Subscription FAQs
What is Modern Diagnostic SME IPO subscription status today?
Modern Diagnostic SME IPO subscription closed on 2 January 2026 with overall subscription of 376.97x (by shares) as of 13 July 2026, 11:32 PM IST. QIB 193.51x, NII 356.72x, IND 342.46x.
What is the overall subscription of Modern Diagnostic SME IPO?
Modern Diagnostic SME IPO is subscribed 376.97x overall by shares at close on 2 January 2026. QIB 193.51x, NII 356.72x, and IND 342.46x.
What is Modern Diagnostic SME IPO QIB subscription?
Modern Diagnostic SME IPO QIB (Qualified Institutional Buyers) subscription is 193.51x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Modern Diagnostic SME IPO IND subscription?
Modern Diagnostic SME IPO IND subscription is 342.46x by applications. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Modern Diagnostic SME IPO NII subscription?
Modern Diagnostic SME IPO NII (Non-Institutional Investors) subscription is 356.72x by applications. NII covers bids above Rs 2 lakh.
What are allotment chances in Modern Diagnostic SME IPO for retail?
At 342.46x subscription by applications, approximately 1 in 342 retail applicants can expect an allotment (~1% per application). Allotment is done by lottery.
When is Modern Diagnostic SME IPO allotment date?
Modern Diagnostic SME IPO allotment date is 5 January 2026. Check Modern Diagnostic SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does Modern Diagnostic SME IPO subscription close?
Modern Diagnostic SME IPO subscription closed on 2 January 2026. No new applications are accepted after the close.
What is Modern Diagnostic SME IPO GMP today?
Modern Diagnostic SME IPO GMP is ₹14 today (+15.56% over issue price ₹90). See live GMP on the Modern Diagnostic SME IPO GMP Today page.
What is Modern Diagnostic SME IPO issue price and lot size?
Modern Diagnostic SME IPO issue price is ₹90 per share. Lot size is 1600 shares. Minimum investment is ₹2,88,000 per lot (minimum 2 lots for SME). Issue size: ₹35.04 Cr.
When is Modern Diagnostic SME IPO listing date?
Modern Diagnostic SME IPO listing date is 7 January 2026 on NSE and BSE. Allotment is on 5 January 2026.
How does subscription affect Modern Diagnostic SME IPO allotment?
Allotment odds in Modern Diagnostic SME IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII proportional allotment at 356.72x by applications means roughly 1 in 357 for minimum-lot bids; bNII at 354.68x (~1 in 355). At 376.97x overall, competition is very high.
For allotment results from 5 January 2026, visit the Modern Diagnostic SME IPO Allotment Status page. For listing day updates on 7 January 2026, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.