Pramodini Medicare IPO - GMP, Subscription, Price, Dates & Financial Details
Pramodini Medicare IPO is set to open its Initial Public Offering (IPO) for subscription on August 12, 2026. According to the Red Herring Prospectus (RHP), the IPO is a book-built issue with a total issue size of ₹69 Crore, comprising a fresh issue of 50.15 Lakh equity shares aggregating to ₹63.14 Crore and an offer for sale (OFS) of 5.00 Lakh equity shares aggregating to ₹5.90 Crore by the existing shareholders.
The Pramodini Medicare IPO will open for subscription on August 12, 2026, and close on August 14, 2026. The basis of allotment is expected to be finalized on August 17, 2026, while the shares are tentatively scheduled to be listed on NSE SME Platform on August 19, 2026.
The company has fixed the price band at ₹110 to ₹118 per share, with a lot size of 1200 shares. Retail investors will require a minimum investment of ₹283,200 (based on the upper price band) to apply for one lot.
Purva Sharegistry India Pvt Ltd is the registrar to the issue. Smart Horizon Capital Advisors Private Limited are the Book Running Lead Managers (BRLMs) to the issue.
Before investing in the Pramodini Medicare IPO, investors should carefully review the company's financial performance, business model, IPO objectives, and risk factors disclosed in the offer documents. Investors should also ensure that they submit their applications before the subscription window closes on August 14, 2026.
- Price Band
- ₹ 110 – 118
- Lot Size
- 1200
- Issue Size
- ₹69.04 Cr
- Minimum Investment
- ₹ 283,200 (2400 Shares)
- Listing Date
- 19 August 2026
Current GMP
₹0 (0.00%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Pramodini Medicare Limited
Incorporated in 2000, Pramodini Medicare Limited is an Indian diagnostic healthcare service provider offering technology-enabled diagnostic solutions across the radiology, clinical laboratory, and nuclear medicine segments. The company caters to a diverse customer base, including government hospitals, private hospitals, public sector undertakings (PSUs), medical colleges, and private diagnostic centres across Tier I, Tier II, and Tier III cities in India.
Service Portfolio
The company's comprehensive range of diagnostic services includes:
- Radiology Services: MRI, CT Scan, 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.
Pramodini Medicare Limited also operates a 24×7 Teleradiology Centre and a Central Processing Laboratory in Vijayawada, enabling timely reporting and efficient diagnostic support across its network.
Business Model
The company operates through four key business models:
- Public-Private Partnership (PPP): Operates diagnostic centres within government hospitals and medical colleges under long-term Memorandums of Understanding (MOUs).
- Private-Private Partnership (Pvt-Pvt): Establishes and manages diagnostic centres within private hospitals through partnership agreements.
- Strategic Partnerships with Public Sector Undertakings (PSUs): Collaborates with Government of India PSUs to establish and operate diagnostic and imaging centres across multiple states.
- Standalone Diagnostic Centres: Owns and operates independent diagnostic centres and laboratories that provide services directly to patients as well as hospitals.
Each diagnostic centre functions under a separate agreement or MOU, with contractual terms tailored to the specific location and operating requirements.
Operations
As of August 4, 2026, Pramodini Medicare Limited operated 16 diagnostic centres across seven Indian states, providing a broad spectrum of diagnostic services through its integrated healthcare network.
Workforce
As of March 31, 2026, the company employed 161 permanent employees.
Pramodini Medicare IPO Promoters
- Chalasani Durga Aashritha
- Chalasani Kavitha
- Chalasani Kuldeep Kumar
- Chalasani Lalithakumar
- Sri Ram Medicare Pvt.Ltd.
Promoters Holding
Holding Pre Issue
85.71%
Holding Post Issue
62.64%
Pramodini Medicare IPO Objective
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding of capital expenditure for purchase of Medical Equipments towards Existing and Proposed Diagnostic Centres
- General corporate purposes and unidentified inorganic acquisition
Pramodini Medicare Limited Address / Contact Details
Pramodini Medicare Ltd
D. No: - 29-4-54K, CSI Complex,
Prakasam Road,
Suryaraopet
Vijayawada, Andhra Pradesh, 520002
Telephone: +91 9985782727
Email: investors@pramodinidiagnostics.com
Website: http://www.pramodinidiagnostics.com/
IPO Snapshot
Book Running Lead Managers
- Smart Horizon Capital Advisors Private Limited
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Pramodini Medicare IPO?
Pramodini Medicare IPO is a Book-building IPO with a total issue size of ₹69.04 crore. The Pramodini Medicare IPO price band is ₹110 to 118 per share. The Pramodini Medicare IPO subscription opens on Wed, Aug 12, 2026, and closes on Fri, Aug 14, 2026. The Pramodini Medicare IPO will be listed on the NSE. Purva Sharegistry India Pvt Ltd is the registrar for the Pramodini Medicare IPO.
When will the Pramodini Medicare IPO open for subscription?
The Pramodini Medicare IPO opens on Wed, Aug 12, 2026 and closes on Fri, Aug 14, 2026
What is Pramodini Medicare IPO Price Band?
Pramodini Medicare IPO Price Band is ₹110 to 118 per share.
What is Pramodini Medicare IPO Lot Size?
Pramodini Medicare IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹283200 based on the upper price band
What is the minimum investment for Pramodini Medicare IPO?
The minimum investment for Pramodini Medicare IPO is ₹283200, based on one lot of 1200 shares at the upper price band of ₹118 per share.
How to apply for Pramodini Medicare IPO?
Investors can apply for the Pramodini Medicare IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Aug 14, 2026. The application amount remains blocked until the Pramodini Medicare IPO allotment is finalized.
What is Pramodini Medicare IPO Issue Size?
Pramodini Medicare IPO issue size is ₹69.04 crores.
What is the Pramodini Medicare IPO Allotment Date?
Pramodini Medicare IPO allotment date is Mon, Aug 17, 2026.
Who is the Pramodini Medicare IPO Registrar?
The registrar for Pramodini Medicare IPO is Purva Sharegistry India Pvt Ltd. Investors can go to Purva Sharegistry India Pvt Ltd website to check Pramodini Medicare IPO allotment status, refund processing, and other IPO-related information.
Who is the Pramodini Medicare IPO Lead Manager?
The book-running lead managers (BRLMs) for the Pramodini Medicare IPO are . The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Pramodini Medicare IPO Red Herring Prospectus (RHP).