Modi's Navnirman Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 596,000 (47%) | — | ₹1,073 Cr |
| Retail | — | 596,000 (47%) | — | ₹1,073 Cr |
| Market Maker | — | 68,000 (5%) | — | ₹12 Cr |
| Σ Total | — | 1,260,000 (100%) | — | ₹22,680 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹144,000 |
| Retail (Max) | 13 | 10,400 | ₹1,872,000 |
| S-HNI (Min) | 14 | 11,200 | ₹2,016,000 |
| B-HNI (Min) | 67 | 53,600 | ₹9,648,000 |
Financial Statements Amount in Lakhs
| Metric | 31-Mar-20 | 31-Mar-21 | 31-Mar-22 |
|---|---|---|---|
| Revenue | 2,195 | 1,322 | 1,151 |
| Profit After Tax | 140 | 38 | 133 |
| Total Assets | 998 | 735 | 3,098 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1. Investment in subsidiary company - SMNPL for Repayment of its outstanding unsecured loans. –
- 2. General Corporate Purpose. –
Company Overview
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