Mumbai, Jan. 7 -- The scrip was listed at Rs 99.50, a premium of 10.56% compared with the initial public offer (IPO) price. The stock is currently down 3.52% over its listing price.

The counter hit a high of Rs 100 and a low of Rs 94.54. About 20.91 lakh shares of the company changed hands at the counter.

Modern Diagnostic and Research Centre's IPO was subscribed 350.49 times. The issue opened for bidding on 31 December 2025 and it closed on 2 January 2025. The price band of the IPO was set at Rs 85 to Rs 90 per share.

The IPO comprised fresh issue of 40,99,200 equity shares. The promoter and promoter shareholding diluted to 72.85% from 99.99% pre-IPO.

The company intends to utilize the net proceeds for funding capital expenditure for...