Modi’s Navnirman Limited

Company Profile
Company Name Modi’s Navnirman Limited
Open Date 23-06-2022
Close Date 28-06-2022
Exchange BSE SME
Lot Size 800 Shares
Issue Price ₹ 180 per share
Issue Size 12,60,000 Equity Shares
Application Amount ₹ 1,44,000
Recommendation Avoid
Serving the real estate sector, Modi's Navnirman Limited was established in the year 2015. Since inception the company has focused on the mid-market and affordable housing categories as its target segment within the residential housing market. Company's 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.
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Summary of Financials (All financials in Lakh)

For the Period Ended Mar-22 Mar-21 Mar-20
Total Assets 3,098.29 735.21 998.48
Net Assets 381.25 296.23 0.50
Total Borrowings 1887.44 53.50 250.23
Total Revenue 1151.07 1322.34 2195.46
Profit After Tax 132.7 37.83 139.78

Tentative Timeline

Opening Date 23-06-2022
Closing Date 28-06-2022
Basis of Allotment 01-07-2022
Initiation of Refunds 04-07-2022
Credit of Shares to Demat 05-07-2022
Listing Date 06-07-2022

Objects of the Issue

Investment in subsidiary company - SMNPL for Repayment of its outstanding unsecured loans
General Corporate Purpose

Contact Information

Registered Office Modi's Navnirman Limited Shop No. 5, CTS 947/A, Rashmi Tara Datta Mandir, Kandivali (West), Mumbai- 400067
Phone 98199 89100

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200

IPO Reservation

Anchor Investor Shares Offered -
Market Maker Shares Offered 68,000 (5.40%)
Other Shares Offered 5,96,000 (47.30%)
Retail Shares Offered 5,96,000 (47.30%)
Total Shares Offered 12,60,000 (100%)

Shareholding Pattern

Pre Issue Share Holding (Promoters) 99.98%
Post Issue Share Holding (Promoters) 70.20%

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