Modi's Navnirman Limited IPO

BSE SME

Listed On: Jul 6, 2022 at ₹ 189.0

₹ 144000 /800 Shares

Check Allotment

IPO Details

23 Jun, 2022

Open Date

28 Jun, 2022

Close Date

01 Jul, 2022

Allotment Date

06 Jul, 2022

Listing Date

Issue Price

₹180 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE SME

Registrar

Bigshare Services Pvt Ltd

List Price

189.0

Listing Date

2022-07-06

Market Lot

800 Shares (₹144,000/-)

Lead Manager

Aryaman Financial Services limited

Issue Size

1,260,000 shares of ₹10(aggregating up to ₹22.68 Cr)

Retail Portion

N/A

Subscription

1.99 times

IPO Docs

DRHP RHP

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

Valuations

Earnings Per Share (EPS)

₹4.47/-

P/E Ratio

40.27

RoNW

34.81%

Net Asset Value (NAV) - Post Issue

₹12.84/-

Company Financials All values are in ₹ Cr.

	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 The 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).

- Promoter(s)

Pre Issue Share Holding: 99.98%

Post Issue Share Holding: 70.20%

Company Promoter(s)

Dineshkumar Modi
Rashmi Modi
Mahek Modi

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. The size of Modi's Navnirman Limited IPO is 1,260,000 shares of ₹10(aggregating up to ₹22.68 Cr).

Ans. The IPO price band is set between ₹180 per equity share.

Ans. To apply for Modi's Navnirman Limited IPO 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 allotment status for Modi's Navnirman Limited IPO here.