Modi’s navnirman IPO is into real estate and construction services.
Modi’s navnirman IPO – overview
| IPO Dates | 23- 28 June 2022 |
| IPO Price | INR 180 per share |
| Fresh issue | 1260,000 shares (INR 22.68 crore) |
| Offer For Sale | Nil |
| Total IPO size | 1260,000 shares (INR 22.68 crore) |
| Minimum bid (lot size) | 600 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE Emerge |
Modi’s navnirman IPO – Tentative Dates
| IPO Offer Opening Date | 23 June 2022 |
| IPO Closing Date | 28 June 2022 |
| Finalization of Basis of Allotment | 01 July 2022 |
| Initiation of refunds | 04 July 2022 |
| Transfer of shares to demat accounts | 05 July 2022 |
| IPO Listing Date | 06 July 2022 |
| Opening Price on BSE SME | Coming soon |
| Closing Price on BSE SME | Coming soon |
Company Overview
Incorporated in 2015, Modi’s Navnirman Limited is a real estate company. The company is engaged in construction services. Modi’s Navnirman business model focuses on designing and developing products to address consumer needs across price points.
Currently, the company has 2 Ongoing and 2 upcoming residential projects and 3 Ongoing and 3 upcoming Residential-cum-Commercial projects.
Modi’s Navnirman’s all the completed, ongoing and upcoming projects are located in Mumbai. The company’s project names begin with the word “Rashmi” (such as “Rashmi Sadhna”, “Rashmi Sheela” “Rashmi Terrace”, etc).
Strengths:
- Experienced Management Team.
- Established brand and reputation.
- Proven execution capabilities.
- Strong project pipeline providing cash flow visibility
Objects of the Issue
- Investment in subsidiary company – SMNPL for Repayment of its outstanding unsecured loans.
- General Corporate Purpose.
Company Financials
| Particulars | 31- March -21 | 31-March -20 |
| Total Assets | 3098.29 | 735.21 |
| Total Revenue | 1151.07 | 1322.34 |
| Profit After Tax | 132.7 | 37.83 |
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
Website: https://modisnirman.com/
Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Lead Manager(s)
- Aryaman Financial Services limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
