Modi’s Navnirman Limited IPO 

Modi's Navnirman Limited IPO
Modi’s Navnirman Limited IPO 

Modi’s Navnirman Limited: Modi’s Navnirman Limited is incorporated in 2015, and is a real estate company. The Modi Group is an established Mumbai-based group having its presence in the construction industry for more than a decade. The group concentrated on developing affordable housing in the residential segment. You can also check GMP OF IPO for an IPO here.

Modi Group has so for constructed 7 residential and commercial projects. The company’s projects are located in Mumbai. Currently, the company has 2 Ongoing and 2 upcoming residential projects and 3 Ongoing and 3 upcoming Residential-cum-Commercial projects. The company’s project names begin with the word “Rashmi” (such as “Rashmi Terrace”, “Rashmi Sheela”, “Rashmi Sadhna”, etc).

The company has an Experienced Management Team, Proven execution capabilities, an Established brand and reputation, and a Strong project pipeline providing cash flow visibility.


Grey Market Premium

We recommend investors check Retail and HNI numbers before investing in IPO. Investors may apply for this IPO with risk. You can also check IPO Allotment Status from this page.

IPO Review (Apply or Avoid)

  •  Avoid

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Modi’s Navnirman Limited IPO

Modi’s Navnirman Ltd IPO: Modi’s Navnirman Ltd launching its Initial Public Offering to open on 23 June and closing on 28 June 2022. This IPO of Approx 1,260,000 Shares of the company with a face value of Rs.10 each with a price fixed at 180 Per Equity Share to raise  Approx 22.68 Crores from the primary offering.

Modi’s Navnirman IPO Subscription Status (Live Update – Day 4)

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Modi’s Navnirman Limited IPO Date & Price Band

You can find all the details as well as the price band of this IPO on this page. This IPO will open on 23 June 2022 and close on 28 June 2022.

 IPO Open:23 June 2022
 IPO Close:28 June 2022
 IPO Size: Approx ₹22.68 Crores
 Fresh Issue: Approx ₹22.68 Crores
 Face Value: ₹10 Per Equity Share
 Price Band:  ₹180 Per Equity Share
 Listing on: BSE & SME
 Retail Quota: 50%
 NII Quota: 50%
 DRHP Draft Prospectus: Click Here
 RHP Draft Prospectus:Click Here

Modi’s Navnirman Limited IPO Allotment, Listing & Important Dates

In this table, you will get a clear idea of When an IPO will open & close? allotment date and all important dates related to this IPO.

 IPO Open Date:23 June 2022
 IPO Close Date:28 June 2022
 Basis of Allotment:01 July 2022
 Refunds:04 July 2022
 Credit to Demat Account:05 July 2022
 IPO Listing Date:06 July 2022

Modi’s Navnirman Limited IPO Lot Size / Market Lot

 Minimum Lot Size:Minimum 800 Shares for 1 lot
 Minimum Amount:₹144,000 for 1 lot

Modi’s Navnirman Limited Company Details & Financials

Here you will find detailed company analytics as well as financial reports. How well the company has performed in the last few years.

Modi’s Navnirman Limited Company Address

Modi’s Navnirman Limited
Shop No. 5, CTS 947/A,
Rashmi Tara Datta Mandir,
Kandivali (West), Mumbai- 400067
Phone: 98199 89100
Email: [email protected]

Modi’s Navnirman Limited Company Financial Reports ( ₹ in Crores )


Modi’s Navnirman Limited IPO Promoter Holding

Pre Issue Share Holding99.98%
Post Issue Share Holding70.20%

Modi’s Navnirman Limited IPO Valuation – FY2021

Earning Per Share (EPS): ₹4.47 per Equity Share
 Price/Earning P/E Ratio: 40.27
 Return on Net Worth (RoNW): 34.81%
 Net Asset Value (NAV): ₹12.84 per Equity Share

Modi’s Navnirman Limited Company Promoter

  • Dineshkumar Modi
  • Rashmi Modi
  • Mahek Modi

Modi’s Navnirman Limited IPO Registrar

Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]

Modi’s Navnirman Limited IPO Allotment Status

You can check the IPO Allotment Status Very Easily. Click Here and you can check the status from the N/A website.

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