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Latest GMP
- Lead Manager
- Smart Horizon Capital Advisors Private Limited
- IPO Registrar
- Purva Sharegistry (India) Private Limited
- IPO Open Date
- 12th Aug 2026
- IPO Close Date
- 14th Aug 2026
- Allotment date
- 17th Aug 2026
- Listing date
- 19th Aug 2026
- Issue Size
- ₹ 69 Cr.
- Issue Price Band
- ₹ 110 to 118
- Lot Size
- 1200 Share
- Minimum Investment
- ₹ 282000
Disclaimer: IPO details, GMP, subscription figures, and other related information are for informational purposes only and may not always be accurate or up to date. Please verify the latest details from official sources before investing.
About Pramodini Medicare Limited
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.
Service Portfolio
Radiology Services
MRI, CT scans, X-ray, ultrasound with colour doppler, mammography, Dexa scan, and interventional radiology.
Clinical Laboratory Services
Haematology, microbiology, immunology, pathology, and biochemistry.
Nuclear Medicine Services
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 Models
- 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.
Network
As of August 04, 2026, the company operated 16 diagnostic centres across seven states.
Workforce
As of March 31, 2026, the company had 161 permanent 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
IPO Subscription Details
| Category | Shares Offered | Shares Applied | Subscription Times (x) |
|---|---|---|---|
| QIB (Ex Anchor) | 11,71,200 (28.19%) | 42,82,800 | 3.66 |
| NII | 9,60,000 (23.11%) | 50,95,200 | 5.31 |
| bNII (> ₹10L) | 6,39,600 (15.40%) | 35,52,000 | 5.55 |
| sNII (< ₹10L) | 3,20,400 (7.71%) | 15,43,200 | 4.82 |
| Retail | 20,23,200 (48.70%) | 70,53,600 | 3.49 |
| Total | 41,54,400 (100.00%) | 1,64,31,600 | 3.96 |
Grey Market Premium (GMP)
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|
Financials of Pramodini Medicare Limited
A quick overview of the key financial performance of Pramodini Medicare Limited.
Total Assets (₹ Cr)
Revenue (₹ Cr)
Profit after Tax (₹ Cr)
*All values are in Rs. Cr
Company Financials
Revenue increased by 64%, Profit after Tax (PAT) increased by 58%, Total Assets increased by 66% between FY2025 and FY2026.
| Period Ended | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | 35.79 | 38.55 | 63.38 |
| Assets | 48.78 | 56.45 | 93.62 |
| Total Income | 35.79 | 38.55 | 63.38 |
| Profit After Tax | 6.93 | 11.03 | 17.38 |
| EBITDA | 15.53 | 20.97 | 30.90 |
| Net Worth | 24.75 | 35.77 | 53.15 |
| Reserves & Surplus | 23.46 | 34.49 | 36.46 |
| Total Borrowings | 11.96 | 10.81 | 17.85 |
IPO Lot Size
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
| 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 |
Key Performance Indicators (KPI)
| KPI | Latest |
|---|---|
| ROE (%) | 39.08 |
| ROCE (%) | 34.66 |
| Debt / Equity | 0.34 |
| RoNW (%) | 32.69 |
| PAT Margin (%) | 27.9 |
| EBITDA Margin (%) | 49.61 |
|
Pre IPO
Post IPO
|
|
| EPS (₹) |
10.41
7.88
|
| P/E (x) |
11.34
14.97
|
| Promoter Holding (%) |
85.71
-
|
| Market Cap | 197 |
IPO Lead Manager(s)
Lead Manager Details
- Smart Horizon Capital Advisors Private Limited
- Contact Person: Mr. Parth Shah
- SEBI Registration Number: INM000013183
- Investor Grievance Email: investor@shcapl.com
- Website: https://www.shcapl.com
- Email: director@shcapl.com
- Phone: 022-28706822
- Address: B/908, Western Edge II, Kanakia Space, Behind Metro Mall, Off Western Express Highway, Magathane, Borivali East, Mumbai - 400066, Maharashtra, India
IPO Registrar
- Registrar Name
- Purva Sharegistry (India) Private Limited
- newissue@purvashare.com
- Phone
- 022-49614132
- Contact Person
- Ms. Deepali Gaonkar
- SEBI Registration Number
- INR000001112
- Address
- Unit No. 9, Shiv Shakti Industrial Estate, J. R. Boricha Marg, Lower Parel (East), Mumbai 400011, Maharashtra, India
- Website
- https://www.purvashare.com/
Company Contact Details
- Company Name
- Pramodini Medicare Limited
- Phone
- +91 9985782727
- Contact Person
- Mr. Rushikesh Vijay Gosavi, Company Secretary and Compliance Officer
- Corporate Identity Number
- U85110AP2000PLC035231
- Address
- D. No. 29-4-54K, CSI Complex, Prakasam Road, Suryaraopet, Vijayawada, Andhra Pradesh 520002, India
Pramodini Medicare Limited FAQs
