Contents
- 1 When is Modis Navnirman IPO Launching?
- 2 Modis Navnirman IPO Details
- 3 Modis Navnirman IPO Tentative Timetable
- 4 Modis Navnirman IPO Lot Size
- 5 Modis Navnirman IPO Promoter Holding
- 6 Modis Navnirman Board of Directors
- 7 Modis Navnirman Company Financials
- 8 About Modis Navnirman
- 9 Company Contact Information
- 10 Modis Navnirman IPO Gray Market Price (GMP)
Modis Navnirman IPO opens on Jun 23, 2022, and closes on Jun 28, 2022. The Modis Navnirman IPO bid date is from Jun 23, 2022 10.00 A.M. to Jun 28, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the following day of issue shutting day.
| Modis Navnirman IPO Date | Jun 23, 2022 to Jun 28, 2022 |
| Modis Navnirman IPO Face Value | ₹10 per share |
| Modis Navnirman IPO Price | ₹180 per share |
| Modis Navnirman IPO Lot Size | 800 Shares |
| Issue Size | 1,260,000 shares of ₹10 (aggregating up to ₹22.68 Cr) |
| Fresh Issue | 1,260,000 shares of ₹10 (aggregating up to ₹22.68 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Retail Shares Offered | 50% of the net offer |
| NII (HNI) Shares Offered | 50% of the net offer |
| Company Promoters | Dineshkumar Modi, Rashmi Modi and Mahek Modi are the company promoters. |
| Event | Date |
| Modis Navnirman IPO Opening Date | Jun 23, 2022 |
| Modis Navnirman IPO Closing Date | Jun 28, 2022 |
| Basis of Allotment | Jul 1, 2022 |
| Initiation of Refunds | Jul 4, 2022 |
| Credit of Shares to Demat | Jul 5, 2022 |
| Modis Navnirman IPO Listing Date | Jul 6, 2022 |
The Modis Navnirman IPO lot size is 800 shares. A retail-individual investor can apply for up to 1 lot (800 shares or ₹144,000).
| Application | Lots | Shares | Amount |
| Minimum | 1 | 800 | ₹144,000 |
| Maximum | 1 | 800 | ₹144,000 |
| Pre Issue Share Holding | 99.98% |
| Post Issue Share Holding | 70.20% |
| Name | Designation | |
| Dineshkumar Modi | Chairman & Managing Director | |
| Hiren Rupani | Ind. Non-Executive Director | |
| Mahek Modi | Chief Financial Officer | |
| Mahek Modi | Whole Time Director | |
| Nishi Modi | Co. Secretary & Compl. Officer | |
| Payal Sheth | Non Executive Director | |
| Rashmi Modi | Whole Time Director | |
| Vinit Mehta | Ind. Non-Executive Director |
| Modi’s Navnirman Limited Financial Information (Restated) | |||
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
| 31-Mar-20 | 998.48 | 2195.46 | 139.78 |
| 31-Mar-21 | 735.21 | 1322.34 | 37.83 |
| 31-Mar-22 | 3098.29 | 1151.07 | 132.7 |
| Amount in ₹ Lakhs | |||
Established in 2015, Modi’s Navnirman Limited is a real estate company. The company is taken part in construction services. Modi’s Navnirman business model spotlights on designing and developing products to address shopper needs across all price ranges.
Right now, the company has 2 Ongoing and 2 upcoming residential projects and 3 Ongoing and 3 upcoming Residential-cum-Commercial projects.
Modi’s Navnirman’s every one of the finished, ongoing and upcoming projects are situated in Mumbai. The company’s project names start with “Rashmi, (for example, “Rashmi Sadhna”, “Rashmi Sheela” “Rashmi Terrace”, and so on).
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/
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