Modi's Navnirman Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

23 Jun 2022

Close Date

28 Jun 2022

Allotment

01 Jul 2022

Listing Date

06 Jul 2022

Exchange

BSE SME

Price Band

₹180

Listing Price

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Allotment Status

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Price Band

₹180

Per share

Face Value

₹10 per share

Lot Size

800 Shares

per lot

Issue Size

12,60,000 shares (aggregating up to ₹22.68 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹144,000

1 lot

Pre-IPO Holding

29,70,000 shares

Promoters

Post-IPO Holding

42,30,000 shares

Promoters

P/E (Pre)

57.32x

UPI Deadline

2021-06-28

Mandate

Anchor AllotmentWed, 22 Jun 2022

Basis of AllotmentFri, 01 Jul 2022

Refund InitiationMon, 04 Jul 2022

Demat CreditTue, 05 Jul 2022

Listing DayWed, 06 Jul 2022

UPI Mandate Deadline2021-06-28

Sale TypeFresh Capital

Net Offer to Public11,92,000 shares (aggregating up to ₹21.46 Cr)

Market Maker Quota68,000 shares (aggregating up to ₹1.22 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

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Subscription Rate Final

Modi's Navnirman Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 28 Jun 2022.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	68,000	—	₹1.22
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	1,260,000	100%	₹22.68

IPO Shares Offered

Modi's Navnirman Ltd. IPO total issue size: ₹22.68 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	68,000	₹1.22	5.40%
Total	1,260,000	₹22.68	100.00%

* Based on upper price band ₹180 per share

Lot Size & Investment

Lot Size

800

Shares per Lot

Issue Price

₹180.00

Upper Band

Min Investment

₹144,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	1,600	₹288,000
Retail (Max — 13 Lots)	13	10,400	₹1,872,000
S-HNI (Min — 14 Lots)	14	11,200	₹2,016,000
B-HNI (Min — 68 Lots)	68	54,400	₹9,792,000

* Issue Price ₹180 × Lot Size 800 shares

IPO Schedule

Anchor

22 Jun 2022

✓ Done

IPO Open

23 Jun 2022

✓ Done

IPO Close

28 Jun 2022

✓ Done

Allotment

01 Jul 2022

✓ Done

Refunds

04 Jul 2022

✓ Done

Demat Credit

05 Jul 2022

✓ Done

Listing Day

06 Jul 2022

✓ Done

₹180.00

INR · BSE

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Issue ₹180.00 Live Price

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

1. Investment in subsidiary company - SMNPL for Repayment of its outstanding unsecured loans.

2. General Corporate Purpose.

Modi's Navnirman Ltd. Financials (Amount in Lakhs)

Revenue from Operations

₹1,151.1

31-Mar-22

₹1,322.3

31-Mar-21

₹2,195.5

31-Mar-20

Profit After Tax (PAT)

₹132.7

31-Mar-22

₹37.8

31-Mar-21

₹139.8

31-Mar-20

Particulars	31-Mar-20	31-Mar-21	31-Mar-22
Revenue from Operations	2195.46	1322.34	1151.07
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	139.78	37.83	132.70
Net Worth	N/A	N/A	N/A
Total Assets	998.48	735.21	3098.29
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered12,60,000 (100.00%)

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-Issue Promoter Holding29,70,000 shares

Post-Issue Promoter Holding42,30,000 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd.

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

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Book Running Lead Managers

Aryaman Financial Services Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Modi's Navnirman Ltd. IPO subscribed? ▲

Modi's Navnirman Ltd. IPO is subscribed 1.00 times by Jun 28, 2022. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Modi's Navnirman Ltd. IPO retail subscription status? ▼

The Modi's Navnirman Ltd. IPO retail category is subscribed 1.00 times as of 28 Jun 2022. The retail portion is oversubscribed.

How to subscribe Modi's Navnirman Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 23 Jun 2022 and closes 28 Jun 2022. Min investment: ₹144,000 (1 lot = 800 shares). UPI mandate: 2021-06-28.

How many times Modi's Navnirman Ltd. IPO subscribed? ▼

The Modi's Navnirman Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Modi's Navnirman Ltd. IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd.) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 01 Jul 2022. Refunds: on 04 Jul 2022.

When Modi's Navnirman Ltd. IPO will be listed? ▼

The Modi's Navnirman Ltd. IPO listing date is 06 Jul 2022, Wednesday. Listed on: BSE SME. Issue price: ₹180. Estimated listing: ₹180. GMP: NIL.

When Modi's Navnirman Ltd. IPO close? ▼

The Modi's Navnirman Ltd. IPO closes on 28 Jun 2022, Tuesday. UPI mandate: 2021-06-28. Allotment: 01 Jul 2022. Listing: 06 Jul 2022.

Quick Actions

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Live Price LIVE

Last Price₹180.00

Change—

Issue Price₹180.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹180

Face Value₹10

Lot Size800 Sh

Min. Amount₹144,000

GMPNIL

Est. Listing₹180

Subscribed1.00x

Open Date23 Jun 2022

Close Date28 Jun 2022

Allotment01 Jul 2022

Listing Date06 Jul 2022

ExchangeBSE SME

UPI Deadline2021-06-28