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IPO details · Updated

Pramodini Medicare Limited

ClosedSMENSE: PRAMODINI
Check Allotment
Price Band
₹110 – ₹118
Lot Size
1,200 shares
Min. Investment
₹1,41,600
Issue Size
₹69.04 Cr
Offer Dates
12 Aug – 14 Aug 2026
Listing
19 Aug 2026

Issue Details

Full details →
Total Issue Size
₹69.04 Cr
58,51,200 shares
Fresh Issue
₹63.14 Cr
53,50,800 shares
Offer for Sale
₹5.9 Cr
5,00,400 shares
Face Value
₹10 per share
Issue Type
Book-built IPO
Listing At
NSE SME
Shares Pre-Issue
1,66,94,795
Shares Post-Issue
2,20,45,595

IPO Timeline

  1. Offer opens

    12 Aug 2026

  2. Offer closes

    14 Aug 2026

  3. Allotment

    17 Aug 2026

  4. Listing

    19 Aug 2026

Issue Allocation

Share of the offer reserved for each investor category

  • Anchor23.3%13,60,800 shares
  • QIB20.0%11,71,200 shares
  • HNI16.4%9,60,000 shares
  • Retail34.6%20,23,200 shares
  • MarketMaker5.7%3,36,000 shares

Subscription Status

Times subscribed by investor category

CategoryOfferedBidsSubscribed
QIB11,71,20042,86,592
3.66x
NII9,60,00047,61,600
4.96x
Retail20,23,20070,60,968
3.49x
Total41,54,4001,61,09,160
3.88x

Lot Size & Investment

1 lot = 1,200 shares

Retail (min)

2 lots · 2,400 shares

Retail (max)

2 lots · 2,400 shares

S-HNI (min)

3 lots · 3,600 shares

ApplicationLotsSharesAmount
Retail22,400₹2,83,200
Small HNI (S-HNI)33,600₹4,24,800
Big HNI (B-HNI)89,600₹11,32,800

Financial Performance

Restated figures in ₹ crore, unless stated otherwise

Financial performance by period
PeriodMar-26Mar-25Mar-24
Assets93.6256.4548.78
Total Income63.3838.5535.79
Profit After Tax17.3811.147.14
EBITDA30.920.9715.53
Net Worth53.1535.7724.75
Reserves & Surplus36.4634.4923.46
Total Borrowing17.8510.8111.96

Key Performance Indicators

Key performance indicators
PeriodMar-26
ROE (%)39.08
ROCE (%)34.66
EPS (₹)10.41
P/E (pre-issue)11.34
P/E (post-issue)14.97

Peer Comparison

Listed companies in the same business

CompanyP/EROE
Invicta Diagnostic Ltd.13.629.76%
Krsnaa Diagnostics Ltd.16.7410.35%
Star Imaging & Path Labs Ltd.7.8716.58%

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. 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.

Objects of the Issue

  • Funding of capital expenditure for purchase of Medical Equipments towards Existing and Proposed Diagnostic Centres (₹45.15 Cr)
  • General corporate purposes and unidentified inorganic acquisition (₹10.76 Cr)
  • Issue Expenses (₹7.90 Cr)

Promoters

  • <p>Chalasani Kuldeep Kumar
  • Chalasani Kavitha
  • Chalasani Durga Aashritha
  • Chalasani Lalithakumar
  • Sri Ram Medicare Pvt.Ltd.</p>

Company Information

Book running lead managers
  • Smart Horizon Capital Advisors Pvt.Ltd.
Registered office
D. No: - 29-4-54K, CSI Complex,, Prakasam Road,, Suryaraopet, Vijayawada, Andhra Pradesh, 520002
Market maker
Shreni Shares Ltd., Rainbow Securities Pvt.Ltd.

Disclaimer: Data on OpenIPO is for information only and is not investment advice. OpenIPO is not a SEBI-registered entity. GMP figures are unofficial estimates and may change. Verify all details against the company RHP and the official registrar before investing.