Modi's Navnirman Limited IPO
BSE SMEListed On: Jul 6, 2022 at ₹ 189.0
₹ 288000 /1600 Shares
*Min Investment
23 Jun, 2022
Open Date28 Jun, 2022
Close Date01 Jul, 2022
Allotment Date06 Jul, 2022
Listing DateIPO Issue Details
- Issue Price ₹180 per equity share
- Face Value ₹10 Per Equity Share
- Issue Price 1,260,000 shares of ₹10(aggregating up to ₹22.68 Cr)
- Listing at BSE SME
- List Price 189.0
- Listing Date 2022-07-06
- Lead Manager Aryaman Financial Services limited
- Registrar Bigshare Services Pvt Ltd
IPO Details
- Retail Portion N/A
IPO Details
Modi's Navnirman Limited IPO is an SME IPO, priced at ₹180 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform.
The IPO bidding window is open from Jun 23, 2022 to Jun 28, 2022. The allotment is expected to be finalized on Jul 1, 2022, and the tentative listing date is Jul 6, 2022.
The registrar of the IPO is Bigshare Services Pvt Ltd, and
IPO Subscription Analysis And 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 |
Valuations
Company Financials
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
|---|---|---|---|
| Assets | 30.98 | 7.35 | 9.98 |
| Revenue | 11.51 | 13.22 | 21.95 |
| Profit After Tax | 1.32 | 0.37 | 1.39 |
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).
Read More- Promoter(s)
Dineshkumar Modi
Rashmi Modi
Mahek Modi
Pre Issue Share Holding : 99.98%
Post Issue Share Holding : 70.20%
IPO - Issue Objectives
Investment in subsidiary company - SMNPL for Repayment of its outstanding unsecured loans.
General Corporate Purpose.
IPO - FAQs
Ans. Modi's Navnirman Limited IPO is a SME IPO. The issue is priced at ₹180 per equity share. The minimum order quantity is 800 Shares. The IPO opens on Jun 23, 2022, and closes on Jun 28, 2022. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The Modi's Navnirman Limited IPO opens on Jun 23, 2022 and closes on Jun 28, 2022.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Modi's Navnirman Limited IPO is 1,260,000 shares of ₹10(aggregating up to ₹22.68 Cr).
Ans. The Modi's Navnirman Limited IPO price band is set between ₹180 per equity share.
Ans. To apply for Modi's Navnirman Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Modi's Navnirman Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Modi's Navnirman Limited IPO is Jul 1, 2022.
Ans. The Modi's Navnirman Limited IPO will be listed on Jul 6, 2022.
Ans. Follow the steps to check the Modi's Navnirman Limited IPO allotment status online.
