Modi’s Navnirman Limited

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.

(Read more on the review)

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
Email	info@modisnirman.com
Website	https://modisnirman.com/

Offer Documents

Modi's Navnirman Limited DRHP

Modi's Navnirman Limited RHP

Registrar Details

Name	Bigshare Services Pvt Ltd
Phone	+91-22-6263 8200
Email	ipo@bigshareonline.com
Website	https://ipo.bigshareonline.com/ipo_status.html

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%