Bookbuilding IPO | ₹[.] Cr | Listing at NSE SME |
Pramodini Medicare Ltd. has filed a Draft Red Herring Prospectus (DRHP) with the exchange on April 23, 2026 to raise funds through Initial Public Offer (IPO).
Pramodini Medicare Ltd. IPO is a Book Build Issue of 0.59 crore equity shares consisting of a fresh issue of upto 0.54 crore equity shares and an offer for sale (OFS) of upto 0.05 crore equity shares.
The equity shares are proposed to be listed on the NSE SME. Smart Horizon Capital Advisors Pvt.Ltd. is the book running lead manager and Purva Sharegistry (India) Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Pramodini Medicare IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 58,51,200 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | 53,50,800 shares (agg. up to ₹[.] Cr) |
| Offer for Sale | 5,00,400 shares of ₹10 (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 1,66,94,795 shares |
| Share Holding Post Issue | 2,20,45,595 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Thu, Apr 23, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue. |
| NII Shares Offered | Not less than 15% of the Net Issue |
Incorporated in 2000, Pramodini Medicare Limited is a diagnostic service provider in India offering technology-enabled diagnostic services across radiology, clinical laboratory, and nuclear medicine segments. The company provides services to public hospitals, private hospitals, public sector undertakings (PSUs), medical colleges, and private diagnostic centres across tier I, II, and III cities.
Its service portfolio includes radiology services such as MRI, CT scans, X-ray, ultrasound with colour doppler, mammography, Dexa scan, and interventional radiology; clinical laboratory services including haematology, microbiology, immunology, pathology, and biochemistry; and nuclear medicine services such as PET-CT, SPECT, and nuclear therapy. The company also operates a 24×7 teleradiology unit from Vijayawada and a processing laboratory at the same location.
The business operates through four models: public-private partnership (PPP) with government hospitals and teaching institutions, private-private partnerships with hospitals, strategic partnerships with PSUs, and standalone private diagnostic centres.
As of December 31, 2025, the company operated 15 diagnostic centres across six states—Uttar Pradesh, Andhra Pradesh, Karnataka, West Bengal, Haryana/NCR Delhi, and Kerala (operations yet to commence)—covering 13 cities in India.
As of December 31, 2025, it had 134 permanent employees and 15 contractual staff.
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 85.99 | 53.27 | 46.59 | 47.47 |
| Total Income | 45.07 | 38.55 | 35.79 | 30.96 |
| Profit After Tax | 12.57 | 10.04 | 5.76 | 4.28 |
| EBITDA | 22.34 | 20.97 | 15.53 | 14.67 |
| NET Worth | 45.17 | 32.60 | 22.55 | 16.53 |
| Reserves and Surplus | 43.88 | 31.31 | 21.27 | 15.27 |
| Total Borrowing | 11.03 | 10.81 | 11.96 | 21.39 |
| Amount in ₹ Crore | ||||
| Company | Issue Type | Issue Size | Issue Price | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|
| Modern Diagnostic & Research Centre Ltd. | SME | ₹36.89 Cr | ₹90 | ₹94.99 | +5.54% | ₹60.00 (+16.50%) |
| Invicta Diagnostic Ltd. | SME | ₹28.12 Cr | ₹85 | ₹96.70 | +13.76% | ₹62.50 (+4.25%) |
| Star Imaging & Path Lab Ltd. | SME | ₹69.47 Cr | ₹142 | ₹135.95 | -4.26% | ₹86.47 (-0.83%) |
| Gaudium IVF & Women Health Ltd. | Mainboard | ₹165.00 Cr | ₹79 | ₹80.26 | +1.59% | ₹101.53 (+1.97%) |
| Nephrocare Health Services Ltd. | Mainboard | ₹871.05 Cr | ₹460 | ₹471.25 | +2.45% | ₹713.40 (-5.21%) |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of capital expenditure for purchase of Medical Equipments towards Existing and Proposed Diagnostic Centres | 45.15 |
| 2 | General corporate purposes and unidentified inorganic acquisition | |
| Total | 45.15 |
| KPI | Dec 31, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 32.33% | 36.42% |
| ROCE | 32.34% | 39.15% |
| Debt/Equity | 0.24 | 0.33 |
| RoNW | 27.83% | 30.81% |
| PAT Margin | 28.28% | 26.26% |
| EBITDA Margin | 50.25% | 54.83% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.02 | 7.60 |
| Promoter Holding | 85.71% |
Purva Sharegistry (India) Pvt.Ltd.
Lead Manager Reports
Pramodini Medicare IPO is a SME IPO of 58,51,200 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Pramodini Medicare IPO open and close dates are not available as of now.
Purva Sharegistry (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Pramodini Medicare IPO using UPI as a payment gateway. Zerodha customers can apply in Pramodini Medicare IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Pramodini Medicare IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Pramodini Medicare IPO dates are not announced. Please check back again after some time.
Pramodini Medicare IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Pramodini Medicare IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Pramodini Medicare IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Pramodini Medicare IPO allotment status.
The Pramodini Medicare IPO listing date is not yet announced. The tentative date of listing is .
