Modi’s Navnirman IPO subscription status is to start on June 23, Thursday. Modi’s Navnirman is an BSE SME IPO and been subscribed by NII, and Retail investors. They are going to raise ₹22.68 crores via IPO. The IPO price band is fixed at ₹180 with a market lot of 800 shares. Modi’s Navnirman Limited was incorporated in 2015 and is based in Mumbai. They are a real estate company engaged in construction services. They have 2 ongoing and 2 upcoming residential projects. They have 3 ongoing and 3 upcoming residential cum commercial projects. The company reported revenues of ₹11.51 in 2022 against revenues of ₹13.22 in 2021. The company’s financial report looks weak and profit is on a lower side. Please check the Modi’s Navnirman IPO subscription status details over here.
IPOWatch View: We recommend investors may apply for an IPO with caution (Avoid). Investors should also look at the Retail and HNI numbers before investing. You can check the Modi’s Navnirman IPO allotment status here.
Modi’s Navnirman IPO Subscription Status (Live Update – Day 4)
Last Updated – 5:00 PM
| Category | Day 2 | Day 3 | Day 4 |
| NII | 1.77 | 2.09 | 2.76 |
| RII | 0.19 | 0.41 | 1.22 |
| Total | 0.98 | 1.25 | 1.99 |
Modi’s Navnirman IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Modi’s Navnirman IPO Date & Price Band
| Modi’s Navnirman IPO Open: | June 23, 2022 |
| Modi’s Navnirman IPO Close: | June 28, 2022 |
| Modi’s Navnirman IPO Size: | Approx ₹22.68 Crores |
| Face Value: | ₹10 Per Equity Share |
| Modi’s Navnirman IPO Price Band: | ₹180 Per Equity Share |
| Modi’s Navnirman IPO Listing on: | BSE SME |
| Retail Quota: | 50% |
| QIB Quota: | -% |
| NII Quota: | 50% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Modi’s Navnirman IPO Market Lot
The Modi’s Navnirman IPO minimum market lot is 800 shares with a ₹144,000 application amount.
| IPO Lot Size: | Minimum 800 Shares for 1 lot |
| Minimum Amount: | ₹144,000 for 1 lot |
Modi’s Navnirman IPO Subscription Dates
The Modi’s Navnirman IPO date is June 23 and the IPO close date is June 28. The IPO allotment date is July 1 and the IPO June list on July 6.
| Modi’s Navnirman IPO Open Date: | June 23, 2022 |
| Modi’s Navnirman IPO Close Date: | June 28, 2022 |
| Basis of Allotment: | July 1, 2022 |
| Refunds: | July 4, 2022 |
| Credit to Demat Account: | July 5, 2022 |
| Modi’s Navnirman IPO Listing Date: | July 6, 2022 |
Modi’s Navnirman IPO Form
How to apply Modi’s Navnirman IPO? You can apply Modi’s Navnirman IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Modi’s Navnirman IPO in the Invest section. The other option you can apply Modi’s Navnirman IPO via IPO forms download via the BSE website. Check out the Modi’s Navnirman forms – click BSE IPO Forms download, fill and submit in your bank or with your broker.
Modi’s Navnirman IPO Subscription Status FAQs:
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