Modern Diagnostic IPO Receives Blockbuster Response, Subscribed 376.90x on Day 3

Modern Diagnostic & Research Centre Limited's initial public offering (IPO) has demonstrated blockbuster investor interest through its third day of subscription. The stock price band is set at ₹85-90 per share. The ₹36.89 crore IPO reached 376.90 times by 5:09:32 PM on day three. 

Modern Diagnostic IPO subscription reached blockbuster 376.90 times on day three. It was led by Non-Institutional Investors (702.08x), Individual Investors (342.46x), and Qualified Institutional Buyers Ex-Anchor (193.51x). Total applications reached 1,90,121.
 

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Subscription Status of Modern Diagnostic IPO:

Here are the subscription details for Modern Diagnostic IPO as of Day 3 (January 2, 2026, 5:09:32 PM):

Key Highlights - Day 3:

• Overall subscription reached blockbuster 376.90 times, showing extraordinary improvement from day two's 30.87 times
• Non-institutional investors displaying blockbuster interest at 702.08 times, building dramatically from day two's 53.22 times, indicating unprecedented HNI demand for this diagnostic services provider
• Individual investors showing blockbuster confidence at 342.46 times, building substantially from day two's 33.85 times, indicating extraordinary retail demand for this SME IPO
• Qualified institutional buyers (ex-anchor) displaying exceptional performance at 193.51 times, building dramatically from day two's 8.94 times, indicating very strong institutional appetite
• Cumulative bid amount reached ₹9,264.46 crores, significantly exceeding the net offer size of ₹35.03 crores (excluding anchor and market maker portions) by over 264 times
• Anchor investors fully subscribed their allocation of ₹10.45 crores on December 30, 2025
• Market makers fully subscribed their allocation of ₹1.86 crores

Modern Diagnostic IPO - Day 2 Subscription at 30.87 Times
 

Key Highlights - Day 2:

• Overall subscription reached exceptional 30.87 times, showing extraordinary improvement from day one's 5.60 times
• Non-institutional investors displaying exceptional interest at 53.22 times, building substantially from day one's 7.96 times
• Individual investors showing exceptional confidence at 33.85 times, building substantially from day one's 5.51 times
• Qualified institutional buyers displaying exceptional performance at 8.94 times, building substantially from day one's 4.01 times

Key Highlights - Day 1:

• Overall subscription reached strong 5.60 times, showing healthy initial investor interest
• Non-institutional investors displaying strong performance at 7.96 times, indicating strong HNI appetite
• Individual investors showing strong confidence at 5.51 times, indicating strong retail interest
• Qualified institutional buyers displaying strong performance at 4.01 times, indicating strong institutional interest

Modern Diagnostic IPO - Day 1 Subscription at 5.60 Times

About Modern Diagnostic & Research Centre Limited

Incorporated in 1985, Modern Diagnostic & Research Centre Limited (MDRC) is a diagnostic chain in India, offering a comprehensive range of pathology and radiology services. The company provides reliable diagnostic tests, home specimen collection, online reports, and customized test packages for institutional customers and patients based on their specific needs.