Modern Diagnostic IPO is a book-built issue, the total issue size of which has been kept at ₹36.89 crore. This IPO is a completely fresh issue, in which about 0.41 crore new shares will be offered. The entire amount raised from this issue will be used for the growth plans and operational needs of the company. Bidding of Modern Diagnostic IPO will open on 31 December 2025 and will close on 2 January 2026. The allotment of IPO is likely to be finalized on 5 January 2026. This IPO will be listed on the BSE SME platform, whose tentative listing date has been fixed as 7 January 2026. The price band of the IPO is ₹85–₹90 per share. Lot size is 1,600 shares. The minimum investment for retail investors will be around ₹2.88 lakh.

The year 2025 proved to be historic for the Indian IPO market. This year, companies raised a record equity capital of Rs 1.75 lakh crore through IPOs. 267 companies raised Rs 11,429 crore on the SME platform. A total of 103 companies were listed in the stock market, out of which 69 shares opened above the issue price, while 33 were listed below.

The enthusiasm diminished with time and currently only 54 shares are above the issue price. The IPO market was positive for the startup sector. 18 startups including Lenskart, Groww, Meesho and Physics Wallah raised Rs 41,000 crore. Highway Infrastructure posted a 64% listing gain, while Glottis fell about 53%. IPO funding increased by Rs 25,000 crore compared to 2024.

The GMP (Grey Market Premium) of Nanta Tech IPO was around ₹6 to ₹12 as of December 24, 2025, due to which the listing price is estimated at ₹226-₹232, the price band is ₹209-₹220, and its expected listing date is 31 December 2025, it will be listed on BSE and SME.

Dhara Rail Projects IPO is a book build issue of ₹50.20 crore. The issue is a completely fresh issue of 0.40 crore shares, worth ₹50.20 crore.

Dhara Rail Projects IPO will open for subscription on December 23, 2025 and close on December 26, 2025.

The allotment of Dhara Rail Projects IPO is expected to be final on December 29, 2025. Dhara Rail Projects IPO will be listed on NSE SME, the probable listing date of which has been fixed as December 31, 2025.

EPW India IPO is a Book Building Issue with a total size of ₹31.81 crore. This is a completely fresh issue, in which 0.33 crore shares will be issued. Bidding for the IPO will open from 22–24 December 2025, while allotment is expected on 26 December and listing on NSE SME will take place on 30 December 2025.
The price band of the IPO is ₹95–₹97 per share and the lot size has been fixed at 1,200 shares. The minimum investment for retail investors is ₹2.32 lakh and for HNIs is ₹3.49 lakh. The objective of the issue is to raise funds for business expansion.