IPO Issue Details
Issue Price / Price Band₹180 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size800 Shares per Lot
Total Issue Size12,60,000 shares (aggregating up to ₹22.68 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenThu, 23 Jun 2022
Subscription CloseTue, 28 Jun 2022
Anchor AllotmentWed, 22 Jun 2022
Basis of AllotmentFri, 01 Jul 2022
Initiation of RefundsMon, 04 Jul 2022
Credit of Shares to DematTue, 05 Jul 2022
Listing DateWed, 06 Jul 2022
UPI Mandate Deadline2021-06-28
Application & Investment Details
Retail — Min (1 Lots)₹1,44,000 — 800 shares
Retail — Max (13 Lots)₹1,872,000 (13 Lots)
HNI — Min (2 Lots)₹2,88,000 — 1,600 shares
P/E Ratio (Pre-IPO)57.32x
Net Offer to Public11,92,000 shares (aggregating up to ₹21.46 Cr)
Reserved for Market Maker68,000 shares (aggregating up to ₹1.22 Cr)
Pre-IPO Promoter Holding29,70,000 shares
Post-IPO Promoter Holding42,30,000 shares
About Modi's Navnirman Ltd.
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).Competitive Strengths:Experienced Management Team.Established brand and reputation.Proven execution capabilities.Strong project pipeline providing cash flow visibility
Objects of the Issue
Modi's Navnirman Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1. Investment in subsidiary company - SMNPL for Repayment of its outstanding unsecured loans.
2
2. General Corporate Purpose.
Shareholding & Lock-in
Pre-IPO Promoter Holding
29,70,000 shares
Post-IPO Promoter Holding
42,30,000 shares