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
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:
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.
| 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 |
| Amount in ₹ Crore | |||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Modern Diagnostic & Research Centre Ltd. | SME | ₹36.89 Cr | ₹90 | 11.04 | ₹94.99 | +5.54% | ₹52.00 |
| Invicta Diagnostic Ltd. | SME | ₹28.12 Cr | ₹85 | 14.51 | ₹96.70 | +13.76% | ₹76.90 |
| Gaudium IVF & Women Health Ltd. | Mainboard | ₹165.00 Cr | ₹79 | 25.36 | ₹80.26 | +1.59% | ₹130.95 |
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 | 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 |
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 10.41 | 7.88 |
| P/E (x) | 11.34 | 14.97 |
| IPO Date | 12 to 14 Aug, 2026 |
| Listing Date | Wed, Aug 19, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹110 to ₹118 |
| Lot Size | 1,200 Shares |
| 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. |
| 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 |
The promoters of the company are Mr. Vinod Gupta and Mrs. Arnima Gupta.
| Share Holding Pre Issue | 96.8% |
| Share Holding Post Issue |
As per our analysis and Based on the information we have, this is the output.
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