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SME IPO Status: Listed [23rd Jun 2022 to 28th Jun 2022]
Rated 3/5 by Team TopShareBrokers
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.
| SME IPO Issue Opening Date: | 23rd Jun 2022 |
| SME IPO Issue Closing Date: | 28th Jun 2022 |
| SME IPO Issue Price: | ₹180 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| 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% |
| Allotment Status: | Allotment Status |
| BSE Code: | 543539 |
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.
| SME IPO Activity | Date |
|---|---|
| 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
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹180 |
| Market Lot: | 800 Shares |
| 1 Lot Amount: | ₹144000 |
| Min Small HNI Lots(2-10 Lakh): | 1600 shares (2 lots) |
| Min Big HNI Lots(10+ Lakh): |
Zerodha Free Demat Account
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.
| Incorporation | Sector | IPO Issue Size | Website |
| 2022 | Real-estate | ₹22.68 Cr | https://modisnirman.com/ |
The net proceeds from the IPO to be utilized towards the following;
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 596,000 (50%) | 596,000 (50%) | 1,192,000 | 1 | 23rd Jun 2022 19:55 | 1.00x | 0.09x | 0.55x | 2 | 24th Jun 2022 18:25 | 1.77x | 0.19x | 0.98x | 3 | 27th Jun 2022 19:55 | 2.09x | 0.41x | 1.25x | 4 | 28th Jun 2022 19:55 | 2.76x | 1.22x | 1.99x |
Past performance and financial results of Modis Navnirman.
| 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 |
Last Updated on 2022-11-24T11:00:26+00:00
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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To subscribe or apply in Modis Navnirman SME IPO, you can use the following methods:
| Online Application | 3-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 Application | 2-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 Application | ASBA | 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 Application | Physical 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
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Modis Navnirman SME IPO is going to be list on 06-07-2022. BSE Code for Modis Navnirman is 543539.
Other relevant questions:
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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?
