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 Dates | 23 – 28 June 2022 |
| Price Band | INR180 per share |
| Fresh issue | 12,60,000 shares (INR22.68 crore) |
| Offer For Sale | Nil |
| Total IPO size | 12,60,000 shares (INR22.68 crore) |
| Minimum bid (lot size) | 800 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME |
Modi’s Navnirman Performance
| FY2020 | FY2021 | FY2022 | |
| Revenue | 2,195.5 | 1,322.3 | 1,151.1 |
| Expenses | 2,001.8 | 1,271.2 | 964.1 |
| Net income | 139.8 | 37.8 | 132.7 |
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
| Date | Modi’s Navnirman IPO GMP | Kostak | Subject to Sauda |
Modi’s Navnirman IPO Subscription – Live Updates
| Category | Non-retail | Retail | Total |
| Shares Offered | 6,30,000 | 6,30,000 | 12,60,000 |
| Day 1 | 0.94 | 0.09 | 0.52 |
| Day 2 | 1.68 | 0.18 | 0.93 |
| Day 3 | 1.97 | 0.39 | 1.18 |
| Day 4 | 2.61 | 1.16 | 1.88 |
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 is now available on Bigshare Services’ website. Click on this link to get allotment status.
Modi’s Navnirman IPO Timetable
| IPO Opening Date | 23 June 2022 |
| IPO Closing Date | 28 June 2022 |
| Finalisation of Basis of Allotment | 1 July 2022 |
| Initiation of refunds | 4 July 2022 |
| Transfer of shares to demat accounts | 5 July 2022 |
| Listing Date | 6 July 2022 |
| Opening Price on BSE SME | INR189 per share (up 5% from IPO price) |
| Closing Price on BSE SME | INR188.95 per share (up 4.97% from IPO price) |
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.
