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.
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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)
| Category | Day 1 | Day 2 | Day 3 | Day 4 |
| NII | 1.00 | 1.77 | 1.87 | 2.54 |
| RII | 0.09 | 0.19 | 0.27 | 1.00 |
| Total | 0.55 | 0.98 | 1.07 | 1.77 |
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]
Website: https://modisnirman.com/
Modi’s Navnirman Limited Company Financial Reports ( ₹ in Crores )
| Year | Income | Expense | PAT |
| 2019 | ₹- | ₹- | ₹- |
| 2020 | ₹21.95 | ₹20.02 | ₹1.40 |
| 2021 | ₹13.22 | ₹12.71 | ₹0.38 |
| 2022 | ₹11.51 | ₹9.64 | ₹1.33 |
Modi’s Navnirman Limited IPO Promoter Holding
| Pre Issue Share Holding | 99.98% |
| Post Issue Share Holding | 70.20% |
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]
Website: http://www.bigshareonline.com
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.