Modis Navnirman IPO Date, Lot Size and Price

Modis Navnirman IPO Details: The date for Modi’s Navnirman IPO has been set. The Navnirman IPO will open on June 23, 2022, and close on June 28, 2022. Modi’s Navnirman Limited, situated in Mumbai, was founded in 2015. They are a construction company that specialises in real estate. They are now working on two residential projects and will be working on two more in the near future. They are now working on three residential and commercial projects, with three more on the way.

Modis Navnirman IPO

Modis Navnirman IPO Details

IPO Opening DateJun 23, 2022
IPO Closing DateJun 28, 2022
Price BandRs. 180 per share
Lot Size1800 Shares
Issue Size (Rs. Cr.)1,260,000 shares of Rs.10 (aggregating up to Rs.22.68 Cr)
Fresh Issue1,260,000 shares of Rs.10 (aggregating up to Rs.22.68 Cr)
Face ValueRs. 10 per equity share
Issue TypeFixed Price Issue IPO
Exchange BoardBSE, SME
Retail Shares Offered50% of the net offer
NII (HNI) Shares Offered50% of the net offer
Basis of Allotment DateJul 1, 2022
Initiation of RefundsJul 4, 2022
Credit of Shares to Demat AccountJul 5, 2022
Modis Navnirman IPO Listing DateJul 6, 2022

Modis Navnirman IPO Date

The subscription period for the Modis Navnirman Initial Public Offering (IPO) will begin on June 23, 2022. Modis Navnirman Ltd. has launched a public offering of 1260000 shares for cash at a premium of Rs 170.00 per share. The issue’s gross revenues are projected to be Rs 2,268.00 lakhs.

Modis Navnirman IPO Price

The price range for Modis Navnirman Limited’s initial public offering has been fixed at Rs 180 per equity share (IPO). The IPO involves a new issue of 1260000 equity shares at a price of Rs 180.00 per equity share.

Modis Navnirman IPO Lot Size

The minimum bid lot for the issue has been set at 800 shares, with bids in multiples of 800. The IPO lot size for Modis Navnirman is 800 shares. An individual retail investor can apply for up to one lot (800 shares or Rs. 144,000). Modis Navnirman Ltd. plans to use the proceeds of the offering to invest in a subsidiary business, SMNPL, in order to repay outstanding unsecured debts and for other corporate purposes. As lead manager, Aryaman Financial Services Ltd., and Bigshare Services Private Limited.

Modis Navnirman IPO Issue Size

Modi’s Navnirman is a BSE SME IPO to raise Rs. 22.68 crores via IPO. The Modi’s Navnirman IPO price band is fixed at Rs.180 with a market lot of 800 shares. You can check Modi’s Navnirman IPO subscription status and Modi’s Navnirman IPO allotment status on their respective pages.

Modis Navnirman IPO Allotment Date and Listing Date

The IPO for Modis Navnirman will open on 23 June 2022, and IPO close date is 28 June 2022. The Modis Navnirman IPO Allotment Date is 1 July 2022. The IPO Listing Date of Modis Navnirman IPO is 6 July 2022.

About Modis Navnirman Limited IPO

Modi’s Navnirman Limited is a real estate firm founded in 2015. Construction services are provided by the company. Modi’s Navnirman business model is based on designing and manufacturing products that cater to a wide range of consumer needs.

The company currently has two ongoing and two incoming residential projects, as well as three ongoing and three upcoming Residential-cum-Commercial projects.

All of Modi’s Navnirman’s completed, continuing, and future projects are in Mumbai. The word “Rashmi” appears throughout the project names of the company (such as “Rashmi Sadhna”, “Rashmi Sheela” “Rashmi Terrace”, etc).

Promoters of Modis Navnirman IPO

The company’s promoters are Dineshkumar Modi, Rashmi Modi and Mahek Modi.

Modis Navnirman IPO FAQs

What is Modis Navnirman IPO?

The Modi Navnirman IPO is a small business IPO consisting of 1,260,000 equity shares with a face value of Rs.10 and a total value of Rs.22.68 crores. The issuance has a price of Rs. 180 per share. A minimum order quantity of 800 shares is required.

The initial public offering (IPO) will take place on June 23, 2022, and will end on June 28, 2022. The IPO’s registrant is Bigshare Services Pvt Ltd. The shares will be listed on the BSE SME.

When Modis Navnirman IPO will open?

The Modis Navnirman initial public offering (IPO) will begin on June 23, 2022 and end on June 28, 2022.

What is the lot size of Modis Navnirman IPO?

The IPO lot size for Modis Navnirman is 800 shares, and the minimum order amount is 800 shares.

How to apply for Modis Navnirman IPO?

You can apply for the Modis Navnirman Initial Public Offering (IPO) online utilising UPI or ASBA as a payment option. The ASBA IPO application can be found in your bank account’s net banking. Brokers who do not provide banking services provide the UPI IPO application.

When Modis Navnirman IPO allotment?

On July 1, 2022, the Basis of Allotment for the Modis Navnirman IPO will be finalised, and the allotted shares will be credited to your demat account on July 5, 2022.

When is Modis Navnirman IPO listing date?

The Modis Navnirman IPO listing date is 6 July 2022. The tentative date of Modis Navnirman IPO listing is 6 July 2022.

Who is the registrar of Modis Navnirman IPO?

Bigshare Services Pvt Ltd is the registrar for Modis Navnirman IPO.

What is Modis Navnirman IPO Price Band?

Modis Navnirman IPO price band is Rs. 180 per equity share.