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IPO Open

Wed, Aug 12, 2026

IPO Close

Fri, Aug 14, 2026

Price Band

₹110 to ₹118

Market Cap (Pre-IPO)

₹260.14 Cr

IPO Details

  • IPO Date
    12 to 14 Aug, 2026
  • Listing Date
    Wed, Aug 19, 2026
  • Face Value
    ₹10 per share
  • Price Band
    ₹110 to ₹118
  • Sale Type
    Fresh capital cum OFS
  • Issue Type
    Bookbuilding IPO
  • Listing At
    NSE SME
  • Total Issue Size
    58,51,200 shares (agg. up to ₹69 Cr)
  • Reserved for Market Maker
    3,36,000 shares (agg. up to ₹4 Cr) Shreni Shares Ltd. Rainbow Securities Pvt.Ltd
  • Fresh Issue (Ex Market Maker)
    50,14,800 shares (agg. up to ₹59 Cr)
  • Offer for Sale
    5,00,400 shares of ₹10 (agg. up to ₹6 Cr
  • Net Offered to Public
    55,15,200 shares (agg. up to ₹65 Cr)
  • Share Holding Pre Issue
    1,66,94,795 shares
  • Share Holding Post Issue
    2,20,45,595 shares

IPO Timetable (Tentative)

  • IPO Open
    Wed, Aug 12, 2026
  • Allotment
    Mon, Aug 17, 2026
  • Credit of Shares
    Tue, Aug 18, 2026
  • IPO Close
    Fri, Aug 14, 2026
  • Refund
    Tue, Aug 18, 2026
  • Listing
    Wed, Aug 19, 2026

Issue Reservation

Pramodini Medicare IPO comprises a total issue size of 58,51,200 shares. The net offer to the public is 55,15,200 shares, after excluding 3,36,000 shares allotted on a firm basis. Of the Net offer 25,32,000 (45.91%) are allocated to QIB, 9,60,000 (17.41%) allocated to NII 20,23,200 (36.68%) allocated to RII.

Investor Category Shares % of Net Issue % of Total Issue
QIB 25,32,000 45.91% 43.27%
  − Anchor Investor 13,60,800 23.26%
  − QIB (Ex. Anchor) 11,71,200 20.02%
NII (HNI) 9,60,000 17.41% 16.41%
  − bNII > ₹10L 6,39,600 10.93%
  − sNII < ₹10L 3,20,400 5.48%
Retail 20,23,200 36.68% 34.58%
Firm Reservations
Market Maker 3,36,000 5.74%
Total 58,51,200 100.00% 100.00%

IPO Lot Size

Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.

Application Lots Shares Amount
Individual investors (IND) (Min) 2 2,400 ₹2,83,200
Individual investors (IND) (Max) 2 2,400 ₹2,83,200
S-HNI (Min) 3 3,600 ₹4,24,800
S-HNI (Max) 7 8,400 ₹9,91,200
B-HNI (Min) 8 9,600 ₹11,32,800

About Pramodini Medicare Ltd.

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.

Service Model

  • Public-Private Partnership (PPP): Operates diagnostic centres within government hospitals and medical colleges through long-term MOUs.
  • Private-Private Partnership (Pvt-Pvt): Establishes and manages diagnostic centres inside private hospitals under partnership agreements.
  • Strategic Partnerships with PSUs: Collaborates with Government of India PSUs to operate diagnostic and imaging centres across multiple states.
  • Standalone Diagnostic Centres: Operates its own diagnostic centres and laboratories, serving both individual patients and hospitals.
  • Location-Specific Agreements: Each diagnostic centre operates under separate MOUs or contracts with terms customized for the respective 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 August 04, 2026, the company operated 16 diagnostic centres across seven states.

As of March 31, 2026, the company had 161permanent employees.

Competitive Strengths:

  • Establishing a strategic presence across various states of India.
  • Strengthening its network through diversified business models.
  • Strong technical capabilities supported by robust IT infrastructure.
  • Experienced management team with significant industry expertise.
  • Consistent track record of revenue growth and financial performance.
  • Diverse customer base, including hospitals, institutions, and individual patients.

Company Financials (Restated Consolidated)

Pramodini Medicare Ltd.’s revenue increased by 64% and profit after tax (PAT) rose by 56% between the financial year ending with March 31, 2026 and March 31, 2025.  (Amount in ₹ crore)

Period Ended 31 Mar 2026 31 Mar 2025 31 Mar 2024
Assets 93.62 56.45 48.78
Total Income 63.38 38.55 35.79
Profit After Tax 17.38 11.14 7.14
EBITDA 30.90 20.97 15.53
NET Worth 53.15 35.77 24.75
Reserves and Surplus 36.46 34.49 23.46
Total Borrowing 17.85 10.81 11.96

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Modern Diagnostic & Research Centre Ltd. SME ₹36.89 Cr ₹90 11.04 ₹94.99 +5.54% ₹50.05
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Gaudium IVF & Women Health Ltd. Mainboard ₹165.00 Cr ₹79 25.36 ₹80.26 +1.59% ₹132.06

IPO Objects of the Issue

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

Key Performance Indicator (KPI)

Key Performance Indicator (KPI)

KPI Mar 31, 2026
ROE 39.08%
ROCE 34.66%
Debt/Equity 0.34
RoNW 32.69%
PAT Margin 27.90%
EBITDA Margin 49.61%
NAV 31.84
Price to Book Value 3.71

IPO Valuation

Valuation Metric Pre IPO Post IPO
EPS (₹) 10.41 7.88
P/E (x) 11.34 14.97
Market Cap at Offer Price ₹197.00Cr. ₹260.14 Cr
  • The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.

Shareholding Structure

Category Pre IPO Post IPO
Promoter and Promoter Group 85.71% 62.64%
Public 14.29% 37.36%
Total 100% 100%

Company Promoters: Chalasani Durga Aashritha, Chalasani Kavitha, Chalasani Kuldeep Kumar, Chalasani Lalithakumar and Sri Ram Medicare Pvt.Ltd..

Offer For Sale – Selling Shareholders

Name Category No. of Shares Offered Amount (₹ cr.)
Chalasani Kuldeep Kumar Promoter 2,14,400 2.53
Chalasani Kavitha Promoter 1,43,000 1.69
Sri Ram Medicare Pvt.Ltd. Promoter 1,43,000 1.69
Total 5,00,400 5.90

IPO Registrar

Purva Sharegistry (India) Pvt.Ltd.

IPO Lead Manager(s)

  1. Smart Horizon Capital Advisors Pvt.Ltd.  (Past IPO Performance)

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

Pramodini Medicare Ltd. Address
D. No: – 29-4-54K, CSI Complex,
Prakasam Road,
Suryaraopet
Vijayawada, Andhra Pradesh, 520002
  • +91 9985782727
  • investors@pramodinidiagnostics.com
  • Visit Website

IPO FAQs

Pramodini Medicare IPO is a SME IPO of 58,51,200 equity shares of the face value of ₹10 aggregating up to ₹69 Crores. The issue is priced at ₹110 to ₹118. The minimum order quantity is 1200.

The IPO opens on Wed, Aug 12, 2026, and closes on Fri, Aug 14, 2026.

Purva Sharegistry (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Angel One customers can apply online in Pramodini Medicare IPO using UPI as a payment gateway. Angel One customers can apply in Pramodini Medicare IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Pramodini Medicare IPO through Angel One

  1. Visit the Angel One website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the ‘Pramodini Medicare IPO’ row and click the ‘Bid’ button.
  4. Enter your UPI ID, Quantity, and Price.
  5. Submit IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Angel One IPO Application Process Review for more detail.

The Pramodini Medicare IPO opens on Wed, Aug 12, 2026 and closes on Fri, Aug 14, 2026.

Pramodini Medicare IPO lot size is 1200, and the minimum amount required for application is ₹2,83,200, with 2 lots being the minimum application size.

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 Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Pramodini Medicare IPO will be done on Monday, August 17, 2026, and the allotted shares will be credited to your demat account by Tue, Aug 18, 2026. Check the Pramodini Medicare IPO allotment status.

The Pramodini Medicare IPO listing date is not yet announced. The tentative date of listing is Wed, Aug 19, 2026.

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