Modi's Navnirman Limited
Fixed Price Issue IPO · BSE
- Price band
- ₹180 - ₹180
- Lot size
- 800 shares
- Issue amount
- ₹22.68 cr
- Total subscription
- 1.99×
- Opens
- 23 Jun 2022
- Closes
- 28 Jun 2022
- Allotment
- 1 Jul 2022
- Listing
- 6 Jul 2022
Offer at a glance
Issue overview
- Issue size
- 12,60,000 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,44,000
- Fresh issue
- ₹22.68 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,44,000
- Issue type
- Fixed Price Issue IPO
- Shares before issue
- 29,70,000
- Shares after issue
- 42,30,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 800 | ₹1,44,000 |
| HNI | 2 | 1,600 | ₹2,88,000 |
Share reservation
Subscription & GMP
Subscription by category
Subscription figures are awaiting publication.
GMP history
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Company information
Company profile
Founded in 2015, Modi's Navnirman Limited is a real estate company specializing in construction services. The company focuses on designing and developing projects that cater to different price segments based on consumer needs. Currently, the company has: 2 ongoing and 2 upcoming residential projects. 3 ongoing and 3 upcoming residential-cum-commercial projects. All completed, ongoing, and upcoming projects are located in Mumbai. A unique feature of the company is that all project names start with "Rashmi", such as "Rashmi Sadhna," "Rashmi Sheela," and "Rashmi Terrace."
Strengths
- Experienced Management Team driving growth and innovation.
- Well-Established Brand & Reputation in the real estate sector.
- Proven Execution Capabilities with successful project deliveries.
- Robust Project Pipeline ensuring steady cash flow and future growth.
Promoters
Dineshkumar Modi
Rashmi Modi
Mahek Modi
Registrar & documents
Lead manager
Aryaman Financial Services limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Shop No. 5, CTS 947/A, Rashmi Tara Datta Mandir, Kandivali (West), Mumbai- 400067
98199 89100
[email protected]Company website ↗Understanding MODIS IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.