Modi's Navnirman Limited IPO
Modi's Navnirman Limited IPO
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Following its successful public offering, Modi's Navnirman Limited's made its market debut on 06-07-2022 and is now actively traded on the BSEplatform. The IPO mobilized 12,60,000 Shares in total capital, including 12,60,000 Shares in primary equity infusion.
The offering was structured with a price band of ₹180 to ₹180 and minimum investment lots of 800 shares. Investor participation during the subscription window from 23-06-2022 to 28-06-2022 demonstrated market confidence in the company's prospects.
The allotment process concluded on 01-07-2022, allocating shares to successful bidders. The listing represents the culmination of the IPO process, transitioning the company to publicly traded status with enhanced transparency and governance standards.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Modi's Navnirman IPO About Company
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."
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Modi's Navnirman IPO Strength Factors
- Experienced Management Team driving growth and innovation.
- Well-Established Brand & Reputation in the real estate sector.
- Proven Execution Capabilities with successful project deliveries.
- Robust Project Pipeline ensuring steady cash flow and future growth.
Modi's Navnirman IPO Risk Factors
NA
Modi's Navnirman IPO Promoter(s)
- Dineshkumar Modi
- Rashmi Modi
- Mahek Modi
Modi's Navnirman IPO FAQs
Modi's Navnirman Limited IPO subscribed 1.99 times. The public issue subscribed -- times in the retail category,--times in QIB, and -- times in the HNI (10+) category byDecember 17, 2025 9:28:18 AM (Day 17).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Modi's Navnirman IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Modi's Navnirman IPO FAQs
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