Upcoming IPO: Modern diagnostic files drhp at BSE for SME IPO. Details here | Einsmark news

Upcoming IPO: Gurugram-based Pathology and Beeld Firm Modern Diagnostic & Research Center Ltd on Monday, April 1, his draft Red Herring Prospectus (DRHP) filed with the Markets Regulator Securities and Exchanges Board of India (Sebi). According to the data collected on the official website, the company has 21 centers across the country, including 17 laboratories and 4 diagnostic centers, where it did more than 20 crore tests. Modern diagnostic IPO details Modern Diagnostic, through a book-built edition, aims to raise money from the Indian stock market of a new release of 41,00,000 or 41 Lakh shares with a face value of £ 10 pieces. The presentation document does not consist of any offer-for-sale (OFS) component, and the total amount of the expense is not in the regulatory filing. After the three -day subscriptions, the SME IPO is listed on the Bombay Stock Exchange -Index. The pathology and imaging firm plans to use the money raised from the Initial Public Offer (IPO) to finance its capital expenditure (Capex) needs for the purchase of medical equipment for its diagnostic centers and laboratories. The company will also use the returns from the issue to finance the working capital needs, and also in the repayment or prepayment of certain outstanding loans used by modern diagnostic. The remaining funds will be used to support the general corporate needs. Beeline Capital Advisors Private Limited has been appointed as the general manager of the book for the public edition, while Mufg Insert India Private Limited will be the registrar for the offer. According to the official press release, Modern Diagnostic reported a net profit of £ 5.79 crore and an income from the operations of £ 67.13 crore for the financial year ended 31 March 2024. The company’s net profit for the July to September quarter of the financial year 2024-25 was at £ 4.95 crore, and the income of the operation was at £ 39.97 crore, according to the company. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, and not of currency. We advise investors to check with certified experts before making investment decisions. Catch all the business news, market news, news reports and latest news updates on Live Mint. Download the Mint News app to get daily market updates. Business NewsMarketSipoute IPO: Modern Diagnostic Files DRHP by BSE for SME IPO. Details here more less