Pramodini Medicare

Pramodini Medicare IPO

IPO Open Now

₹2,64,000

Bidding Dates 12 Aug, 26 -14 Aug, 26

Min Investment ₹2,64,000

Lot Size1,200

Price Range ₹110 – ₹118

Issue Size ₹69.04 Cr.

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DRHP

IPO Timeline

IPO Analysis

Strengths

The company operates through 16 diagnostic centres across 7 states (Uttar Pradesh, Andhra Pradesh, Karnataka, West Bengal, Haryana/NCR Delhi, Madhya Pradesh and Kerala) and 14 cities in India, providing a strong operational footprint and reputation for quality diagnostic services.

The company operates across four key models: Public Private Partnership (7 centres), Private Private Partnership (3 centres), Strategic Partnership with PSUs (4 centres), and Private Centres (2 centres), providing diversified revenue streams and risk mitigation.

The company deploys advanced equipment including 8 CT machines, 7 MRI machines, 20 X-ray machines, 1 PET CT, and maintains relationships with equipment vendors for favorable procurement terms and preferred vendor status.

Risks

The company derives 54.19% of revenue from Public Private Partnership arrangements with government authorities as of FY 2025-26. Any non-renewal, modification, or termination of MOUs, or delays in payments from government authorities, may materially affect business operations and financial condition.

The company generates 97.05% of revenue from radiology services as of FY 2025-26, creating significant exposure to capital-intensive equipment requirements and regulatory compliance risks. This concentration exposes the company to disproportionate impact from disruptions or market shifts in the radiology domain.

The company derives 61.90% of revenue from Andhra Pradesh as of FY 2025-26. Any regional economic slowdown, political unrest, or reduced demand in this state could adversely affect business operations and financial performance.

Objectives

The company intends to purchase and install medical equipments across existing diagnostic centres in Hubli, Manjeri, and Vijayawada, and establish a new diagnostic centre in Bangalore to expand capacity, improve service efficiency, and strengthen brand presence.

The company plans to evaluate inorganic growth opportunities through mergers and acquisitions to expand into new geographies, add service offerings, and consolidate market position, along with meeting general corporate expenses in the ordinary course of business.

Yearly Financial Results

Annual Financials	Mar 2024	Mar 2025	Mar 2026
Revenue	35.23	38.24	62.29
Expenses	25.72	22.80	40.08
Other Income	0.56	0.31	1.09
Total Revenue	35.79	38.55	63.38
Profit Before Tax	10.08	15.75	23.30
Net Profit	6.93	11.03	17.38

Show % Change

Above figures are in Rs. Crores

Balance Sheet

Balance Sheet	Mar 2024	Mar 2025	Mar 2026
Total Assets	48.78	56.45	93.62
Current Assets	22.39	19.34	33.07
Fixed Assets	26.39	37.11	60.55
Total Equity & Liabilities	48.78	56.45	93.62
Total Liabilities	24.03	20.67	40.46
Current Liabilities	17.47	12.27	26.30
Non Current Liabilities	6.56	8.40	14.17
Total Equity	24.75	35.77	53.15

Show % Change

Above figures are in Rs. Crores

Cash Flow

Cash Flow	Mar 2024	Mar 2025	Mar 2026
Net Cash Flow	-2.34	5.07	0.50
Investing Activities	-1.38	-14.66	-30.63
Operating Activities	9.85	22.12	25.39
Financing Activities	-10.81	-2.39	5.73

Show % Change

Above figures are in Rs. Crores

About Pramodini Medicare

The company is a diagnostic service provider in India offering technology-enabled diagnostic services including radiology, clinical laboratory and nuclear medicine services to public hospitals, private hospitals, PSUs and medical colleges across tier I, II and III cities. The company operates through four key models: Public Private Partnership, Private Private Partnership,...more

Website

www.pramodinidiagnostics.com

Managing DirectorDr. Chalasani Kuldeep Kumar

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Part of Raise Financial Services

SEBI Stock Broker Registration No: INZ000006031 | Depository Participant (CDSL) ID: IN-DP-289-2016 | SEBI Research Analyst Registration No: INH000023357 Exchange Membership No. : NSE: 90133 | BSE: 6593 | MCX: 56320

Registered Office: Unit No. 2201, 22nd Floor, Gold Medal Avenue, S.V. Road, Beside Patel Petrol Pump, Piramal Nagar, Goregaon West, Mumbai - 400104