Modi's Navnirman Limited IPO
BSE SME₹144,000 / 800 Shares
Modi's Navnirman Limited IPO Details
The Modi's Navnirman Limited IPO price band is set between ₹180 per equity share, with a face value of ₹10 per share. The issue is managed by Bigshare Services Pvt Ltd, and the equity shares are proposed to be listed on the BSE SME.
The IPO date for subscription opens on 23 Jun, 2022 and closes on 28 Jun, 2022. Investors can check the allotment status on 1 Jul, 2022, while the listing date is tentatively scheduled for 6 Jul, 2022.
The total issue size is 1,260,000 shares of ₹10, aggregating up to ₹22.68 Cr. Stay tuned for the latest Modi's Navnirman Limited IPO review and GMP updates.
Modi's Navnirman Limited IPO Review, Rating & Analysis
Modi's Navnirman Limited IPO Review
NO REVIEWModi's Navnirman Limited IPO Rating
Modi's Navnirman Limited IPO Highlights
IPO Date
Jun 23, 2022 - Jun 28, 2022
Listing Date
6 Jul, 2022
Face Value
₹10 Per Equity Share
Price Band
₹180 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE SME
Modi's Navnirman Limited IPO Lot Size
The minimum market lot for Modi's Navnirman Limited IPO is 800 shares with an application amount of ₹1,44,000. Retail investors can apply for up to 1 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹1,44,000 |
| Retail (Max) | 1 | 800 | ₹1,44,000 |
| S-HNI (Min) | 2 | 1600 | ₹2,88,000 |
| S-HNI (Max) | 6 | 4800 | ₹8,64,000 |
| B-HNI (Min) | 7 | 5600 | ₹10,08,000 |
Modi's Navnirman Limited IPO Timeline
Issue Price
₹180 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE SMERegistrar
Bigshare Services Pvt LtdLead Manager
Aryaman Financial Services limitedIssue Size
1,260,000 shares of ₹10(aggregating up to ₹22.68 Cr)Modi's Navnirman Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 22 | 30.98 | 11.51 | 1.32 | - | - | - |
| 31 Mar 21 | 7.35 | 13.22 | 0.37 | - | - | - |
| 31 Mar 20 | 9.98 | 21.95 | 1.39 | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- Dineshkumar Modi
- Rashmi Modi
- Mahek Modi
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 99.98% | 70.20% |
About Company
Incorporated in 2015, Modi's Navnirman Limited is a real estate company. The company is engaged in construction services. Modi's Navnirman business model focuses on designing and developing products to address consumer needs across price points.Currently, the company has 2 Ongoing and 2 upcoming residential projects and 3 Ongoing and 3 upcoming Residential-cum-Commercial projects.Modi's Navnirman's all the completed, ongoing and upcoming projects are located in Mumbai. The company's project names begin with the word Rashmi (such as Rashmi Sadhna, Rashmi Sheela ,Rashmi Terrace, etc).
Modi's Navnirman Limited IPO Subscription Details
| As on | QIB/NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 596,000 | 596,000 | 1,192,000 |
Day 1 -23-06-22 06:00 PM | 1.00 x | 0.09 x | 0.55 x |
Day 2 -24-06-22 06:00 PM | 1.77 x | 0.19 x | 0.98 x |
Day 3 -27-06-22 06:00 PM | 2.09 x | 0.41 x | 1.25 x |
Day 4 -28-06-22 06:00 PM | 2.76 x | 1.22 x | 1.99 x |
Frequently Asked Questions about Modi's Navnirman Limited IPO IPO
When will Modi's Navnirman Limited IPO open for subscription?
The Modi's Navnirman Limited IPO opens on 23 Jun, 2022 and closes on 28 Jun, 2022.
What is the investors portion for Modi's Navnirman Limited IPO?
The investors' portion for QIB is , NII is N/A, and Retail is 596000.
How to apply for Modi's Navnirman Limited IPO?
You can apply for Modi's Navnirman Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Modi's Navnirman Limited IPO?
The issue size of Modi's Navnirman Limited IPO is approx ₹1,260,000 shares of ₹10(aggregating up to ₹22.68 Cr) crores.
What is the price band of Modi's Navnirman Limited IPO?
The price band for Modi's Navnirman Limited IPO is ₹180 per equity share to ₹undefined.
What is the lot size of Modi's Navnirman Limited IPO?
The minimum bid (lot size) for Modi's Navnirman Limited IPO is N/A shares with an investment of approx ₹144,000 .
What is the allotment date of Modi's Navnirman Limited IPO?
The allotment date for Modi's Navnirman Limited IPO is 1 Jul, 2022.
What is the listing date of Modi's Navnirman Limited IPO?
The listing date for Modi's Navnirman Limited IPO is expected to be 6 Jul, 2022.
What is the GMP of Modi's Navnirman Limited IPO?
The latest Grey Market Premium (GMP) for Modi's Navnirman Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.