Modern Diagnostic & Research Centre Ltd - IPO

Modern Diagnostic & Research Centre Ltd IPO Details

Initial public issue of upto 40,99,200 equity shares of face value of Rs. 10/- each of Modern Diagnostic & Research Centre Limited (MDRC or the Company or the Issuer) for cash at a price of Rs. 85-Rs. 90 per equity share including a share premium of Rs. 75-Rs. 80 per equity share (the Issue Price) aggregating to Rs. 34.84- Rs. 36.89 crores (the Issue), of which 2,06,400 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 85-Rs. 90 per equity share including a share premium of Rs. 75-Rs.80 per equity share aggregating to Rs. 1.75-Rs. 1.86 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 38,92,800 equity shares of face value of Rs. 10/- each at a price of Rs. 85-Rs. 90 per equity share including a share premium of Rs. 75-Rs. 80 per equity share aggregating to Rs. 33.09-Rs. 35.04 crores is herein after referred to as the Net Issue. The issue and the net issue will constitute 27.15% and 25.78%, respectively, of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each. Price Band: Rs. 85/- to Rs. 90/- per equity share of face value Rs. 10/- each. The floor price is 8.50 times of the face value and the cap price is 9.00 times of the face value. Bids can be made for a minimum of 3200 equity shares and in multiples of 1600 equity shares thereafter.

Objective of issue

Funding capital expenditure for purchase of medical Equipments for diagnostic centre and laboratories. Funding working capital requirement. Repayment of certain outstanding borrowings availed by the company. General corporate expenses.

Modern Diagnostic & Research Centre Ltd Contact Details

Modern Diagnostic & Research Centre Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - compliance@mdrcindia.com

Website - www.mdrcindia.com