Modi’s Navnirman IPO GMP, Review, Price, Allotment

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Modi's Navnirman IPO GMP

Modi’s Navnirman IPO description – The Modi Group is involved in the construction of affordable housing units and commercial projects in Mumbai for more than a decade. The group has so far constructed 7 residential and commercial projects, namely i) Rashmi Tara ii) Rashmi Chaaya, iii) Badshahs Residency, iv) Rashmi Sadhna, v) Rashmi Sheela, vi) Mrunali, vii) Rashmi Kunj) in the western suburbs of Mumbai. The group has so far constructed and delivered possession of approximately 1.45 lakhs square feet of carpet area of residential units.

The group also has 5 under construction projects with an estimated total carpet area of 5.88 lakhs square feet. The company does not have any borrowings from any bank or financial institutions and all its assets are free of any charge. Historically, it has sought to develop projects through development agreements (DA) with Co-operative Housing Society or landowners of the proposed projects.

Promoters of Modi’s Navnirman – Dineshkumar Modi, Rashmi Modi, Mahek Modi


Modi’s Navnirman IPO Details

Subscription Dates23 – 28 June 2022
Price BandINR180 per share
Fresh issue12,60,000 shares (INR22.68 crore)
Offer For SaleNil
Total IPO size12,60,000 shares (INR22.68 crore)
Minimum bid (lot size)800 shares
Face Value INR10 per share
Retail Allocation50%
Listing OnBSE SME

Modi’s Navnirman Performance

 FY2020FY2021FY2022
Revenue2,195.51,322.31,151.1
Expenses2,001.81,271.2964.1
Net income139.837.8132.7
Figures in INR Lakh unless specified otherwise

Modi’s Navnirman Offer News


Modi’s Navnirman Offer Valuation (as of FY2022)

Earnings Per Share (EPS): INR4.47
Pre-IPO Price/Earnings (PE ratio): 40.27
Return on Net Worth (RONW): 34.81%
Net Asset Value (NAV): INR12.84 per share


Modi’s Navnirman IPO GMP Daily Trend

DateModi’s Navnirman IPO GMPKostakSubject to Sauda

Modi’s Navnirman IPO Subscription – Live Updates

CategoryNon-retailRetailTotal
Shares Offered6,30,0006,30,00012,60,000
Day 10.940.090.52
Day 21.680.180.93
Day 31.970.391.18
Day 42.611.161.88
Subscription figures in number of times, at 5 PM

Modi’s Navnirman Offer Registrar

Bigshare Services Private Limited
1st Floor, Bharat Tin Works Building,
Makwana Road, Marol,
Andheri East, Mumbai – 400 059,
Maharashtra
Phone: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com


Modi’s Navnirman IPO Contact Details

Modi’s Navnirman Limited
Shop No. 1, Rashmi Heights,
M G Road, Opp. Kamla Nagar,
Kandivali (West), Mumbai-400067
Phone: +91 98199 89100
Email: [email protected]
Website: www.modisnirman.com


Modi’s Navnirman IPO Allotment Status

Modi’s Navnirman IPO allotment will be available on Bigshare Services’ website. Click on this link to get allotment status.


Modi’s Navnirman IPO Timetable

IPO Opening Date23 June 2022
IPO Closing Date28 June 2022
Finalisation of Basis of Allotment1 July 2022
Initiation of refunds4 July 2022
Transfer of shares to demat accounts5 July 2022
Listing Date6 July 2022
Opening Price on BSE SMEComing soon
Closing Price on BSE SMEComing soon

Modi’s Navnirman IPO FAQs

What is Modi’s Navnirman offer size?

Modi’s Navnirman offer size is INR22.68 crore.

What is Modi’s Navnirman IPO Price Band?

Modi’s Navnirman public offer price is INR180 per share.

What is the lot size of Modi’s Navnirman IPO?

Modi’s Navnirman offer lot size is 800 shares.

What is Modi’s Navnirman IPO GMP today?

Modi’s Navnirman IPO GMP today is NA per share.

What is Modi’s Navnirman kostak rate today?

Modi’s Navnirman kostak rate today is NA per application.

What is Modi’s Navnirman Subject to Sauda rate today?

Modi’s Navnirman Subject to Sauda rate today is NA per application.

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