Modis Navnirman IPO Details, Price, GMP, Review, Dates

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Modi's Navnirman IPO

When is Modis Navnirman IPO Launching?

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 Details

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.

Modis Navnirman IPO Tentative Timetable

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

 

Modis Navnirman IPO Lot Size

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

 

Modis Navnirman IPO Promoter Holding

Pre Issue Share Holding 99.98%
Post Issue Share Holding 70.20%

 

Modis Navnirman Board of Directors

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

 

Modis Navnirman Company Financials

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

 

About Modis Navnirman

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
Websitehttps://modisnirman.com/

Modis Navnirman IPO Gray Market Price (GMP) 

N/A

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