Archive · 2 Jan 2026
Modern Diagnostic IPO Closes Today
Modern Diagnostic is closing its IPO today.
They plan to use the money raised for several things.
Rs 20.7 crore will buy medical equipment for their diagnostic centers and labs.
Rs 8 crore will be used for working capital, and Rs 1 crore will pay off debt.
The rest of the money will be used for general company needs.
This is all part of their plan outlined in their red herring prospectus.
Modern Diagnostic's IPO closes today.
Rs 20.7 crore will be used to purchase medical equipment.
Rs 8 crore is allocated for working capital requirements.
Rs 1 crore will be used for debt repayment.
Remaining funds will be used for general corporate purposes.
- Who
- Modern Diagnostic
- What
- IPO closing
- When
- Today
- Where
- Not specified
- Why
- To raise funds for medical equipment, working capital, debt repayment, and general corporate purposes
- IPO Closing Date
- Today
- Funds for Medical Equipment
- Rs 20.7 crore
- Funds for Working Capital
- Rs 8 crore
- Funds for Debt Repayment
- Rs 1 crore
- Remaining Funds Use
- General corporate purposes