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Home
InvestmentsIPOMolbio Diagnostics IPO

Molbio Diagnostics IPO

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Open Date

10 Aug 2026

Close Date

12 Aug 2026

Min Investment

₹ 14,526

Lot Size

18

Issue Size

₹ 939.85 Cr

Price Range

₹ 768 - ₹ 807

Subscribed

0.81 x
Apply Now
status

IPO Open Now.

IPO Timeline
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IPO Offer Start
10 Aug 2026
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IPO Offer Ends
12 Aug 2026
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Allotment Finalisation
13 Aug 2026
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Refund Initialisation
14 Aug 2026
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Non-Institutional Buyers (sHNI)
14 Aug 2026
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Listing of Shares
17 Aug 2026
IPO Subscription Details as on 11 Aug 2026, 01:30 AM
Qualified Instituational Buyers (QiB)
1 x
Retail
0.73 x
Employees
2.1 x
Total
0.81 x
Non-Institutional Buyer (bHNI)
0.67 x
Non-Institutional Buyer (sHNI)
0.74 x
Note: This information is provided for general guidance only. Dates may be subject to change.
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About the Company
Molbio Diagnostics Limited is an innovative point-of-care diagnostics company focused on expanding access to accurate, rapid and cost-effective healthcare technologies to diagnose infectious and non-communicable diseases. The company has developed its 'Truenat' platform, a novel POC polymerase chain reaction platform that operates in resource-limited settings as it is battery operated, facilitating decentralized diagnosis within an hour. The company operates in an oligopolistic market with high entry barriers, offering molecular testing for 30 diseases including tuberculosis, COVID, Hepatitis B and C, HIV, and HPV with 43 assays as of March 31, 2026.
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Founded In

2000

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CEO

Sriram Natarajan

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DRHP

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Financials of Molbio Diagnostics IPO

Income Statement
Balance Sheet
Cash Flows
Total Income
Total Expenses
Total Profit
Key Performance IndicatorsMar 2024Mar 2025Mar 2026
Operating Revenue836.561,020.421,445.69
Other Income4.107.529.48
Total Income
840.661,027.941,455.17
Total Expenses
657.83820.411,221.35
Profit Before Tax129.64194.43231.14
Total Profit
83.54138.58164.14

All figures are in crores (₹)

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Utilisation of Proceeds

All figures are in crores (₹)

PurposeAmount
The company proposes to establish infrastructure for research and development facility, Center of Excellence to be operated by Bigtec, and connected office spaces for employees and consultants. The facility will have approximately 150,000 square feet built-up area to consolidate all R&D functions under one roof.106
The company intends to purchase plant, machinery and equipment to facilitate automation at manufacturing units. This includes automatic precision liquid micro-volume filling machines, screening machines, pick & place machines, and product assembly and packing machines to reduce manual dependency and manufacturing costs.72
The company proposes to utilize funds for general corporate purposes and business requirements including meeting ongoing contingencies, expenses in ordinary course of business, funding growth opportunities, strategic initiatives, and other purposes as approved by the Board, subject to not exceeding 25% of Gross Proceeds.-
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  • Well placed to address unmet demand in a large and growing molecular diagnostic market with gaining credence of point-of-care testing: The company's 'Truenat' platform enables screening and diagnosis for 30 infectious and non-communicable diseases. The global POCT market stands at USD 29.3 billion and is projected to grow at CAGR of 17.9% between 2025 and 2030 to USD 67.1 billion by 2030.
  • Innovative, R&D focused business: The company has strong in-house R&D capabilities with 153 permanent employees including 136 scientists. R&D expenditure was ₹ 874.56 million, ₹ 685.69 million and ₹ 597.77 million in Fiscals 2026, 2025 and 2024 respectively, representing 6.05%, 6.72% and 7.15% of revenue from operations.
  • Developed and commercialized a novel portable multi-disease point-of-care molecular diagnostics platform: The company has developed 'Truenat' platform comprising Trueprep universal nucleic acid extraction device and Truelab analyzer. The platform delivers results in approximately 60 minutes with higher sensitivity and specificity compared to conventional diagnostic methods.
  • Scalable business model with strong entry barriers, high proportion of recurring revenues and a growing suite of tests: The company's 'Truenat' platform is a closed system designed to work exclusively with their range of test kits ensuring recurring demand. The company operates in an oligopolistic market with high entry barriers, evidenced by 13 years of R&D to obtain ICMR certification.
  • Strategic collaborations and acquisitions enhancing capabilities and offerings: The company acquired 65.47% of Prognosys in March 2023 for radiology capabilities and 60.00% of OptraScan INC in October 2024 for digital pathology solutions. These acquisitions enable end-to-end screening and confirmatory tests for infectious diseases at point-of-care.
  • Management team with deep domain expertise and track record of delivering strong financial performance: The company's Promoter and CEO Sriram Natarajan has 35 years of experience in developing diagnostic devices, while CTO Chandrasekhar Nair has 34 years of experience in translational research. The management team has delivered strong financial performance with consistent revenue growth.

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