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Modi's Navnirman

Founded in 2015, Modi's Navnirman Limited is a real estate company specializing in construction services. The company focuses on designing and developing projects that cater to different price segments based on consumer needs. Currently, the company has: 2 ongoing and 2 upcoming residential projects. 3 ongoing and 3 upcoming residential-cum-commercial projects. All completed, ongoing, and upcoming projects are located in Mumbai. A unique feature of the company is that all project names start with "Rashmi", such as "Rashmi Sadhna," "Rashmi Sheela," and "Rashmi Terrace."

DRHP
₹180 - ₹1801.99x sub
GMP₹0
Est. Listing Price₹180

IPO Schedule & Timeline

Fixed Price Issue IPO
Open23 Jun 2022
Close28 Jun 2022
Allotment01 Jul 2022
Listing06 Jul 2022

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Market Maker68,000 shares
5.4%
HNI5,96,000 shares
47.3%
Retail5,95,999 shares
47.3%

Minimum Application Lots

Retail1 Lot (800 shares)
₹1,44,000
HNI2 Lots (1,600 shares)
₹2,88,000

Company Promoters

Dineshkumar ModiRashmi ModiMahek Modi

Company Background

Founded in 2015, Modi's Navnirman Limited is a real estate company specializing in construction services. The company focuses on designing and developing projects that cater to different price segments based on consumer needs. Currently, the company has: 2 ongoing and 2 upcoming residential projects. 3 ongoing and 3 upcoming residential-cum-commercial projec...

Lead Managers & Bankers

No lead manager records available.

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar-20)₹2195.46 Cr
Growth+90.7%
Revenue Trend (₹ in Crores)
0.0841.61.7k2.5kMar-22Mar-21Mar-20
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar-202195.46139.78998.480
Mar-211322.3437.83735.210
Mar-221151.07132.73098.290

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Bigshare Services Private Limited

Allotment Finalized
Allotment Date
01 Jul 2022
Official Status
Out / Finalized
Registrar
Bigshare Services Private Limited
Listing Date
06 Jul 2022

Official Allotment Verification Links

Official Registrar Portal
Bigshare Services Private Limited

Direct allotment verification on the official registrar portal appointed for Modi's Navnirman. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization01 Jul 2022Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date06 Jul 2022Trading commences on exchange

How to Check Modi's Navnirman Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Modi's Navnirman from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Official FilingDRHP

Allotment FAQs & Help

About Modi's Navnirman IPO

Complete issue overview for Modi's Navnirman (MODIS) IPO. The issue features an equity share price band of ₹180 per share with a minimum retail lot size of 800 Shares (minimum application amount of ₹1,44,000). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions