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Modi's Navnirman IPO is a Fixed Price IPO listing on BSE SME exchange. The company is based in Mumbai and caters to Real Estate sector. Aryaman Financial Services is the merchant banker of Modi's Navnirman IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 4th May 2022.
Modi's Navnirman IPO open date is 23rd June 2022 and close date is 28th June 2022. IPO Allotment Date is 1st July 2022 and Listing date is 6th July 2022.
IPO
Size:
₹ 22.68 Cr.
Avg IPO Size (Sector Based)
: ₹
14.03 cr.
Sector: Real Estate
SME
IPO so far:
39
Merchant Banker:
Aryaman Financial
SME
IPO by BRLM so far:
86
City:
Mumbai
SME
IPO so far:
280
Revenue (annualised):
₹
15.35
cr. 
PE
Ratio:
57.32x
Average Sector PE Ratio: 20.22x
Modi's Navnirman IPO size is ₹ 22.68 Cr. with IPO price of ₹ 180.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Aryaman Financial Services Limited is the book-running lead manager of the Modi's Navnirman IPO. Bigshare Services Private Limited is the Registrar and Market Maker is Aryaman Capital Market Limited for Modi's Navnirman IPO.
Modi's Navnirman IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Modi's Navnirman IPO, based in Mumbai, operates in the Real Estate sector with a focus on Real estate construction services. The company is launching its SME IPO on the BSE SME exchange, using the Fixed Price Issue method. Modi's Navnirman IPO size is ₹ 22.68 Cr. with fresh issue size of ₹ 22.68 Cr. and Offer for sale being ₹ Nil
The IPO allotment date for Modi's Navnirman IPO is expected to be 1st July 2022, after the finalization of basis of allotment. Investors can check Modi's Navnirman IPO allotment status on the registrars website, Bigshare Services Private Limited. Modi's Navnirman IPO refund dates are 4th July 2022.
Modi's Navnirman IPO is expected to be listed on 6th July 2022.
The upper price band for the Modi's Navnirman IPO is set at ₹ 180.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Modi's Navnirman IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Modi's Navnirman IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 28th June 2022. After submission, funds are blocked until the basis of allotment of Modi's Navnirman IPO is finalised.
The merchant banker for Modi's Navnirman IPO is Aryaman Financial Services Limited . Aryaman Financial Services Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Modi's Navnirman IPO RHP for further details.
The registrar for Modi's Navnirman IPO is Bigshare Services Private Limited. Investors can go to Bigshare Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Modi's Navnirman IPO through their official website or helpline.
Modi's Navnirman IPO was subscribed 1.99 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 22.68 Cr.
Avg IPO Size (Sector Based)
:
₹ 14.03 Cr.
Sector: Real Estate
SME
IPO so far:
39
Merchant Banker:
Aryaman Financial
SME
IPO by BRLM so far:
86
City:
Mumbai
SME
IPO so far:
280
Revenue (annualised):
₹ 15.00 cr.
PE
Ratio:
57.32x
Average Sector PE Ratio: 20.22x
Modi's Navnirman IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Modi's Navnirman Financial Review Page
Merchant Banker(s) of Modi's Navnirman IPO: Aryaman Financial Services Limited
Modi's Navnirman IPO subscription was 1.99 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Modi's Navnirman IPO listed at a listing price of 188.95 against the offer price of 180.00.
The current market price of Modi's Navnirman is 242.45.
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