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Modis Navnirman SME IPO Details 2022, Price band, Lot

SME IPO Status: Closed [23rd Jun 2022 to 28th Jun 2022]

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Modis Navnirman SME IPO Detail

Modi's Navnirman SME IPO of Rs. 22.68 Cr through a fresh issue of 12.60 Lakh shares opens for subscription from 23 June to 28 June. The face value is Rs. 10 per share, and the IPO price is fixed at Rs. 180 per share. One can apply for the IPO lot size of 800 shares and its multiples. Stay tuned with us to get the complete information about the Modi's Navnirman SME IPO Details including issue details, tentative timeline, financials, pros, cons, grey market premium (GMP), allotment, and subscription.

Modis Navnirman SME IPO Details

SME IPO Issue Opening Date: 23rd Jun 2022
SME IPO Issue Closing Date: 28th Jun 2022
SME IPO Issue Price: ₹180 Per Share
DRHP: View DRHP
RHP: View RHP
IPO Listing At: BSE SME
Retail Quota: 50%
SME IPO Issue Type: Fixed Price Issue
SME IPO Issue Size: ₹22.68 Cr
Fresh Issue: 12.60 Lakh shares at ₹180 [Aggregating to ₹22.68 Cr]
Face Value: ₹10 Per Equity Share
SME IPO Discount: NA
Promoter Holding Pre IPO: 99.98%
Promoter Holding Post IPO: 70.20%

IPO Live GMP IPO Live GMP

Modis Navnirman SME IPO Important Dates

In this section we have covered all important dates related to Modis Navnirman SME IPO. Dates are updated as they are announced. The most noted dates are SME IPO start date and SME IPO end date, which one should use to participate in SME IPO.

Modis Navnirman SME IPO important dates
SME IPO Activity Date
SME IPO Issue Open 23rd Jun 2022
SME IPO Issue Close 28th Jun 2022
Basis of Allotment Date* 1st Jul 2022
Refunds Initiation* 4th Jul 2022
Credit of Shares to Demat* 5th Jul 2022
SME IPO Listing Date* 6th Jul 2022

* - Tentative Dates

Modis Navnirman SME IPO Lots

SME IPO Activity Date
Issue Price ₹180
Market Lot: 800 Shares
1 Lot Amount: ₹144000
Max Retail Lots: 800 shares (1 lots)
Min HNI Lots: 1600 shares (2 lots)

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About Company - Modis Navnirman

Modi's Navnirman, a part of Modi Group is a real-estate developer in Mumbai. It focuses on the mid-market and affordable residential housing segment. The company has historically developed projects with co-operative housing society and landowners.

The firm follows a customer-centric model to develop projects in line with customers' requirements. Currently, it has 69,430 sq ft of the residential ongoing project and 1,22,530 sq ft of residential cum commercial ongoing project.

Modis Navnirman SME IPO Strengths

  • Strong brand name with successfully completed projects; Rashmi Sadhna, Rashmi Sheela, Rashmi Terrace, and more.
  • Proven project execution capabilities.
  • Strong project pipeline with cash flow visibility.
  • Highly experienced managerial team.
Incorporation Sector IPO Issue Size Website
2022 Real-estate ₹22.68 Cr https://modisnirman.com/

Modis Navnirman SME IPO Objective

The net proceeds from the IPO to be utilized towards the following;

  1. To invest in subsidiary company – SMNPL to repay outstanding unsecured loans.
  2. To meet general corporate purposes.

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Modis Navnirman SME IPO Live Subscription (NSE + BSE)

The table below is live update of SME IPO bidding details from NSE and BSE.

  • Non-Institutional Investors: 596,000 Shares
  • Retail Individual Investor: 596,000 Shares
IPO Bidding Live Updates from BSE + NSE
Day NIIRIITotal
 # of Shares Offered596,000 (50%)596,000 (50%)1,192,000
123rd Jun 2022 19:551.00x0.09x0.55x
224th Jun 2022 18:251.77x0.19x0.98x
327th Jun 2022 19:552.09x0.41x1.25x
428th Jun 2022 19:552.76x1.22x1.99x

Modis Navnirman Financials for past 3 Years

Past performance and financial results of Modis Navnirman.

Modis Navnirman financial
Modis Navnirman IPO Financials (₹ in Lakhs) 31-Mar-2022 31-Mar-2020 31-Mar-2019
Total Assets ₹3,098.29 ₹735.21 ₹998.48
Total Income ₹1,151.07 ₹1,322.34 ₹2,195.46
Net Profit/Loss ₹132.70 ₹37.83 ₹139.78

Company Address

Modi's Navnirman Limited
Shop No. 5, CTS 947/A, Rashmi Tara Datta Mandir, Kandivali (West),
Mumbai,Maharashtra-400067
India
Website: https://modisnirman.com/
Phone: [email protected]
Email: [email protected]

Modis Navnirman SME IPO Registrar

Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai - 400 059
Website: http://www.bigshareonline.com
Phone: +91-22-6263 8200
Email: [email protected]

Modis Navnirman SME IPO Lead Manager

  1. Aryaman Financial Services limited
Modis Navnirman SME IPO Important dates - Issue Open Date, close Date, SME IPO Listing Date. SME IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, SME IPO Listing date. What is the issue open date and close date for Modis Navnirman? Should I apply in Modis Navnirman SME IPO?

Last Updated on 2022-06-22T10:02:09+00:00

Zerodha FAQs

Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Modis Navnirman SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Modis Navnirman SME IPO with Zerodha.

Alternate approch to apply in Modis Navnirman SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

Modis Navnirman SME IPO Review and Important Updates

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Apply in Modis Navnirman SME IPO online

To subscribe or apply in Modis Navnirman SME IPO, you can use the following methods:

Modis Navnirman SME IPO Applying ModeMethodDetails
Online Application3-in-1 Trading Account

If your broker is 3-in-1 service provider, you can apply in Modis Navnirman SME IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

Online Application2-in-1 Trading Account

Brokers like Zerodha, TradeSmart Online provides access to applying in Modis Navnirman SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

Online ApplicationASBA

This is one of the most popular mode of applying in Modis Navnirman SME IPO. Most of the Syndicate Banks provide access to apply in Modis Navnirman IPO via ASBA process. You must have your net banking access, DP ID information to apply in Modis Navnirman SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

Offline ApplicationPhysical Form

You can apply in Modis Navnirman SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

Modis Navnirman SME IPO Review and Important Updates

Other relevant question on same topics are:

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Modis Navnirman SME IPO Application is not yet available.

 

Modis Navnirman SME IPO is going to be list on 06-07-2022.

Other relevant questions:

When Modis Navnirman SME IPO will be listing? Modis Navnirman SME IPO listing date?Modis Navnirman SME IPO date of listing

 

Modis Navnirman SME IPO Allotment Date is 01-07-2022.

Other relevant questions:

Modis Navnirman SME IPO share allotment date?Modis Navnirman SME IPO allotment date?

 


User Reviews

avatar
5. Rishabh Saurabh Jun 20 2022 10:23:06 PM Reply
Modis Navnirman SME IPO expected listing gain.
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4. Anshu Tiwari Jun 20 2022 10:23:06 PM Reply
Please confirm Modis Navnirman SME IPO GMP (grey market premium) and kostak.
avatar
3. Ravi Kaushik Jun 20 2022 10:23:06 PM Reply
Modis Navnirman SME IPO good or bad.
avatar
2. Mani Chandrashekar Jun 20 2022 10:23:06 PM Reply
Modis Navnirman SME IPO whether to invest or not.
avatar
1. Bappa barman Jun 20 2022 10:23:06 PM Reply
Modis Navnirman SME IPO - CRISIL Rating, Apply or not?.