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Open
23 Jun 2022
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Close
28 Jun 2022
3
Allotment
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Listing
Wed, Jul 6, 2022
Price Band
₹180 per share
Issue Size
12,60,000 shares (agg. up to ₹23 Cr)
Lot Size
800 Shares
Listing Date
Wed, Jul 6, 2022
Latest GMP
₹0
✦ AI Insight
GMP Trend
27-10-2025₹0Est. ₹—+0%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.46x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|
| Assets | 30.98 | 7.35 | 9.98 |
| Total Income | 11.51 | 13.22 | 21.95 |
| Profit After Tax | 1.33 | 0.38 | 1.40 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Samor Reality Ltd. | SME | ₹8.06 Cr | ₹62 | null | ₹62.45 | +0.73% | ₹90.95 (+3.46%) |
| SBL Infratech Ltd. | SME | ₹2.49 Cr | ₹111 | null | ₹125.00 | +12.61% | ₹42.14 (+0.00%) |
| Shriram Properties Ltd. | Mainboard | ₹600.04 Cr | ₹118 | null | ₹99.60 | -15.59% | ₹87.18 (+0.26%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment in subsidiary company – SMNPL for Repayment of its outstanding unsecured loans | 17.79 |
| 2 | General Corporate Purpose | 4.21 |
About Modi's Navnirman IPO
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 + Read More
Contact Details
Modi's Navnirman Ltd. AddressShop No.5, CTS 947/ARashmi Tara Datta MandirKandivali (West)Mumbai, Maharashtra, 40006798199 89100info@modisnirman.comVisit Website