Pramodini Medicare came to market through an SME IPO that opened on 12 August 2026 and closed on 14 August 2026, and the shares listed on 19 August 2026 on NSE SME. The price band was ₹110 to ₹118 per share and one lot was 1200 shares, so the minimum application was ₹1,41,600. The issue size was ₹69.04 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
It listed at ₹120, a gain of 1.7% against the issue price of ₹118. Purva Sharegistry (India) Pvt.Ltd was the registrar to the issue, and Smart Horizon Capital Advisors Pvt.Ltd was the lead manager.
As of 14 August 2026.
| Day |
|---|
| 1 |
| 2 |
| 3 |
Overall the issue was subscribed 3.96 times.
Pramodini Medicare Limited was incorporated in the year 2000 and it offers diagnostic services in India using technology-enabled services in radiology, clinical laboratory, and nuclear medicine sectors. These services are offered by the company to public hospitals, private hospitals, PSUs, medical colleges, and private diagnostic centers in tier I, II, and III cities. The service lines offered by the company include radiology services such as MRI, CT scans, X-ray, ultrasound with colour doppler, mammography, dexa scan and interventional radiology;
clinical laboratory services such as haematology, microbiology, immunology, pathology, and biochemistry; and nuclear medicine services such as PET-CT, SPECT and nuclear therapy. Additionally, the company runs 24×7 teleradiology center based out of Vijayawada and laboratory based out of the same place. As on March 31, 2026, the company had 161 permanent employees.
As described in the offer document.
| Metric | 31-Mar-26 | 31-Mar-25 | 31-Mar-24 |
|---|
Chalasani Durga Aashritha, Chalasani Kavitha, Chalasani Kuldeep Kumar, Chalasani Lalithakumar, Sri Ram Medicare Pvt.Ltd..
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Pramodini Medicare IPO was a ₹69.04 crore book-built issue, comprising a fresh issue of ₹63.14 crore and an offer for sale of ₹5.9 crore. It was priced at ₹110–₹118 per share with a lot size of 1,200 shares; the minimum retail application was 2,400 shares (₹2,83,200). The IPO was open from August 12 to August 14, 2026 and was subscribed 3.96x.
Shares listed on NSE SME on August 19, 2026 at ₹120, a 1.7% premium to the issue price of ₹118. Purva Sharegistry (India) Pvt. Ltd. is the registrar. Smart Horizon Capital Advisors Pvt. Ltd. is the book running lead manager.
The price band of Pramodini Medicare IPO is ₹110 to ₹118 per share.
The lot size of Pramodini Medicare IPO is 1200 shares.
The minimum investment for Pramodini Medicare IPO is approximately ₹2,83,200 based on the upper price band.
The allotment date of Pramodini Medicare IPO is Aug 17, 2026.
You can check Pramodini Medicare IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Pramodini Medicare IPO allotment status on Rupix for quick and easy access.
₹110 to ₹118 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1200 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,41,600. After listing, SME shares also trade in lots rather than one share at a time.
₹1,41,600, for one lot of 1200 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 12 August 2026 and closed on 14 August 2026.
The basis of allotment was published on 17 August 2026 by Purva Sharegistry (India) Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 19 August 2026 on NSE SME, opening at ₹120.
The issue size was ₹69.04 crore. The fresh issue was 53,50,800 shares (aggregating up to ₹63.14 crore). The offer for sale was 5,00,400 shares (aggregating up to ₹5.9 crore).
It listed at ₹120 against an issue price of ₹118, a gain of 1.7 percent on listing day.