Modis Navnirman IPO Dates, GMP, Price, & Allotment Details 2022

Modis Navnirman IPO

Modis Navnirman IPO or (Modi’s Navnirman IPO) will be Open on 23 June 2022 and closes on 28 June 2022. The company has fixed the price of this IPO at ₹180 according to the face value of ₹10. The company will raise ₹22.68 Crores through this IPO under the 12,60,000 Equity Shares public issue. And the offer is 100% Fixed Price Issue. You can check here to know Modi’s Navnirman IPO GMP and Modi’s Navnirman IPO subscription status here.

Modi’s Navnirman Limited established Mumbai based group having its presence in the construction and real estate Company. The Company concentrated on developing affordable housing in the residential segment. The company have been focused on the mid-market and affordable housing categories as our target segment within the residential housing market. The company constructed 7 residential and commercial projects (Namely) Rashmi Tara, Rashmi Chaaya, Badshahs Residency, Rashmi Sadhna, Rashmi Sheela, Mrunali, Rashmi Kunj in the western suburbs of Mumbai specifically in and around the areas of Borivali, Kandivali, Malad and Goregaon. The group has 5 projects, which are currently under construction.

The group has 5 projects, which are currently under construction. The company has 2 Ongoing and 2 upcoming residential projects and 3 Ongoing and 3 upcoming Residential-cum-Commercial projects. Which we expect to provide an estimated total Carpet Area of 5.88 Lakhs square feet.

Objects Of The Issue :

  • Investment in subsidiary company – SMNPL for Repayment of its outstanding unsecured loans
  • General Corporate Purpose
Read also: Upcoming IPO List 2022

Company Strengths :

  • Experienced Management Team
  • Established brand and reputation
  • Our proven execution capabilities
  • Strong project pipeline providing cash flow visibility

Modi’s Navnirman IPO Review :

■ Avoid

Modis Navnirman IPO GMP Live:

Modi’s Navnirman IPO GMP Or Grey Market Premium Available Here. The SME IPO GMP Premium updated Day By Day IPOs Running Period and the GMP Rates are Fluctuate and Stable Some times later. (GMP rates are Not 100% Guaranteed)

DateGMPSubject Rate
30 June 2022₹0-₹0₹0
29 June 2022₹0-₹0₹0
28 June 2022₹0-₹0₹0
27 June 2022₹0-₹0₹0

Modis Navnirman IPO Date & Price Band & Details :

Issue Price :Fixed Price Issue
IPO Open :23 June 2022
IPO Close :28 June 2022
IPO Size :₹22.68. Cr
Face Value :₹10 Rs. Equity Share
Price Band :₹180 Per Share
Listing On :BSE, SME
Issue Size :₹22.68. Cr
Fresh Issue :₹22.68. Cr
Offer For Sale :₹. Cr
Modis Navnirman IPO

Modis Navnirman IPO Market Lot :

Modi’s Navnirman IPO Minimum Market lot is 1 Lot with 800 shares with ₹144,000 Application amount. The retail investors can apply up to 1 lots with 800 Shares or ₹144,000 amounts.

Minimum Lot Size :1 Lot
Minimum Share :800 Shares
Minimum Amount :₹144,000
Minimum Lot Size :1 Lot
Maximum Shares :100 Shares
Maximum Amount :₹144,000

Modis Navnirman IPO Shares Offer :

A Total of 12,60,000 shares are to be bid for the public issue by Modi’s Navnirman IPO with 12,60,000 for Fresh issue and – for offer for sale – Shares.

CategoryShares OfferAmount
Fresh issue : 12,60,000₹22.68 Cr
Offer For Sale : ₹-
Total : 12,60,000₹22.68 Cr

Modis Navnirman IPO Reservation :

Modi’s Navnirman  IPO Total Reservation of 12,60,000 shares are to be bid for the public issue by Modi’s Navnirman IPO with – for QIB and 5,96,000 for NII 5,96,000 For RII & – Shares EMP.

CategoryReservationSharesAmount
QIB :%₹-
NII :50%5,96,000₹10.73 Cr
RII :50%5,96,000₹10.73 Cr
MMRP :– %68,000₹1.22 Cr
Total :100%12,60,000₹22.68 Cr
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Modis Navnirman IPO Dates :

Modi’s Navnirman IPO Date is 23 June 2022 and closes on 28 June 2022. The allotment will be finalized on 01 July 2022 and the IPO may list on 06 July 2022.

Issue Open Date :23 June 2022
Issue Close Date :28 June 2022
Allotment Date :01 July 2022
Refund Date :04 July 2022
Share Credit Date :05 July 2022
Listing Date :06 July 2022

Modi’s Navnirman IPO Form :

There are two ways to apply in Modi’s Navnirman IPO. You can apply for Modi’s Navnirman IPO through ASBA available in your bank account. You have to go to your online bank login and select Modi’s Navnirman IPO in the Invest section and apply through your bank account. Another option is you can apply Modi’s Navnirman IPO through IPO form download through NSE and BSE. See the Modi’s Navnirman IPO Form – Download the NSE Form and BSE Form IPO Form, fill it, and submit it to your bank or your broker.

Modi’s Navnirman Company Financial Report (Lakh) :

YearRevenueExpensePAT
2022₹1,151.07₹964.13₹132.70
2021₹1,322.34₹1,271.21₹37.83
2020₹2,195.46₹2,001.81₹139.78

Company Promoters :

■ Dineshkumar Modi,

Quick Link :

■ DRHP Draft Prospectus
■ RHP Draft Prospectus

Modi’s Navnirman IPO Lead Managers :

■ Aryaman Financial Services limited

Modi’s Navnirman IPO Registrar :

Bigshare Services Private Limited
Office No. S6-2, 6th Floor,
Pinnacle Business Park, Mahakali Caves
Road, Next to Ahura Centre.
Andheri (East), Mumbai – 400 093
Tel. No.: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com
Investor Grievance Email: [email protected]

Note: Check Modi’s Navnirman IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here

Company Address :

Modi’s Navnirman Limited
Shop No. 5, CTS 947/A ,
Rashmi Tara Datta Mandir,
Kandivali (West),
Mumbai-400067.
Tel No.: +91 – 98199 89100
Email ID: [email protected]
Website: www.modisnirman.com

Modi’s Navnirman IPO FAQs :

What is Modi’s Navnirman IPO?
Modi’s Navnirman IPO is SME IPO. They are going to raise ₹22.68. Crores via IPO. The issue is priced at ₹180 per equity share. The IPO to be listed on BSE, SME.

When Modi’s Navnirman IPO will open?
The IPO is to open on 23 June – 28 June 2022 for QIB, NII & RII.

What is Modi’s Navnirman IPO Size?
Modi’s Navnirman IPO size is ₹22.68 Crores.

What is the Fresh issue size of Modi’s Navnirman IPO?
The Fresh issue size of Modi’s Navnirman IPO ₹22.68 Cr.

What is the Offer For Sale size of Modi’s Navnirman IPO?
The Offer For Sale size of Modi’s Navnirman IPO ₹0 Cr.

What is Modi’s Navnirman IPO Price Band?
Modi’s Navnirman IPO Price Band is ₹180 Per share.

What is Modi’s Navnirman IPO Minimum and Maximum Lot Size?
The minimum bid is 800 Shares with ₹144,000 amount while the maximum bid is 800 shares with ₹144,000.

What is Modi’s Navnirman IPO Investors Portion?
The investors’ portion for QIB 0%, NII 50%, RII 50%.

What is Modi’s Navnirman IPO Allotment Date?
Modi’s Navnirman IPO allotment date is 01 July 2022.

What is Modi’s Navnirman IPO Listing Date?
Modi’s Navnirman IPO listing date is 06 July 2022. The IPO to list on BSE, SME.

How to Apply the Modi’s Navnirman IPO through Zerodha?
“BSE SME IPO is Not Apply in Zerodha”.Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Modi’s Navnirman IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.

How to Apply the Modi’s Navnirman IPO through Upstox?
“BSE SME IPO is Not Apply in Upstox”.Log in to Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Modi’s Navnirman IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.

How to Apply the Modi’s Navnirman IPO through Groww?
“BSE SME IPO is Not Apply in Groww”.Log in to Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Modi’s Navnirman IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.

How to Apply the Modi’s Navnirman IPO through Paytm Money?
“BSE SME IPO is Not Apply in Paytm Money.Log in to the Paytm Money Website or app. Now you can see Invest is IPOs Section and Click on IPO. You will see the IPO Name “Modi’s Navnirman IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.

Modi’s Navnirman GMP: Click Here

Modi’s Navnirman Subscription: Click Here

Modi’s Navnirman Allotment: Click Here

Modi’s Navnirman Listing: Click Here

All Modi’s Navnirman IPO-related links are available here. If you want to know the details then click on Click Here Link.

Disclaimer: STOCK MARKET INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY BEFORE INVESTING.

Modis Navnirman IPO Dates, GMP, Price, & Allotment Details 2022
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