Modi’s Navnirman Limited is a real estate company. The company does construction work. Modi’s Navnirman business model focuses on designing and developing products that will meet the needs of consumers at all price points.
Currently, the company has 2 ongoing residential projects and 2 future projects and 3 ongoing projects and 3 future Residential-cum-Commerce projects.
Modi’s Navnirman’s all completed, ongoing and future projects are located in Mumbai. The company project names start with the word “Rashmi” (such as “Rashmi Sadhna”, “Rashmi Sheela” “Rashmi Terrace”, etc.).
Competitive Strengths
- Experienced Management Team.
- Established brand and reputation.
- Proven execution capabilities.
- Strong project pipeline providing cash flow visibility.
Company Promoters
- Dineshkumar Modi
- Rashmi Modi
- Mahek Modi
Company Financials
| Particulars | 31 March 2022 | 31 March 2021 | 31 March 2020 |
|---|---|---|---|
| Total Assets | 3098.29 | 735.21 | 998.48 |
| Total Revenue | 1151.07 | 1322.34 | 2195.46 |
| Profit After Tax | 132.7 | 37.83 | 139.78 |
Object Of The Issue
- Investment in subsidiary company – SMNPL for Repayment of its outstanding unsecured loans.
- General Corporate Purpose.
Modis Navnirman IPO – Details
| IPO Opening Date | 23 June 2022 |
| IPO Closing Date | 28 June 2022 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | ₹22.68 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹180 |
| Market Lot | 800 Shares |
| Min Order | 800 Shares |
| Listing At | BSE SME |
| Register | Bigshare Services Pvt Ltd |
| Retail Shares Offered | 50% of the net offer |
| NII (HNI) Shares Offered | 50% of the net offer |
Modis Navnirman IPO – Date Schedule
| IPO Open Date | 23 June 2022 |
| IPO Close Date | 28 June 2022 |
| Basis of Allotment Date | 01 July 2022 |
| Initiation of Refunds | 04 July 2022 |
| Credit of Shares to Demat Account | 05 July 2022 |
| IPO Listing Date | 06 July 2022 |
Modis Navnirman IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 800 | 1,44,000 |
| Maximum | 1 | 800 | 1,44,000 |
Modis Navnirman IPO Promoter Holding
| Pre Issue Share Holding | 99.98% |
| Post Issue Share Holding | 70.20% |
Modis Navnirman IPO Prospectus
Company Contact Information
| Modi’s Navnirman Limited Shop No. 5, CTS 947/A, Rashmi Tara Datta Mandir, Kandivali (West), Mumbai- 400067 Phone: 98199 89100 Email: info@modisnirman.com Website: https://modisnirman.com/ |
Modis Navnirman IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: http://www.bigshareonline.com |
Modis Navnirman IPO Lead Manager(s)
| 1. Aryaman Financial Services limited |
Modis Navnirman IPO FAQs
| What is Modis Navnirman IPO? Modis Navnirman IPO is a SME IPO. The issue is priced at ₹180 per equity share. The IPO is to be listed on BSE SME. |
| When Modis Navnirman IPO will open? The IPO is to open on 23 June 2022 for NII and Retail Investors. |
| What is Modis Navnirman IPO Investors Portion? The investors’ portion for NII-50%, and Retail 50%. |
| How to Apply the Modis Navnirman IPO? You can apply Modis Navnirman IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Modis Navnirman IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Modis Navnirman”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Modis Navnirman IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Modis Navnirman”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Modis Navnirman IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Modis Navnirman”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Modis Navnirman IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Modis Navnirman”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Modis Navnirman IPO Size? Modis Navnirman IPO size is ₹22.68 crores. |
| What is Modis Navnirman IPO Price Band? Modis Navnirman IPO Price Band is ₹180. |
| What is Modis Navnirman IPO Minimum and Maximum Lot Size? The minimum bid is 800 Shares with ₹1,44,000 amount while the maximum bid is 800 shares with ₹1,44,000. |
| What is the Modis Navnirman IPO Allotment Date? Modis Navnirman IPO allotment date is 01 July 2022. |
| What is the Modis Navnirman IPO Listing Date? Modis Navnirman IPO listing date is 06 July 2022. The IPO is to list on BSE SME. |
