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IPO

IPO Details


Modi's Navnirman Ltd
Registered Office: Shop 5 CTS 947/A Kandivali (W), Rashmi Tara Datta Mandir, Mumbai - 400067, Maharashtra
Phone: 91-98199 89100
Email: info@modisnirman.com
Website: www.modisnirman.com
Initial public offer of 12,60,000 equity shares of Rs. 10 each ("Equity Shares") of Modi's Navnirman Limited ("MNL" or the "Company") for cash at a price of Rs. 180 per share (the "Issue Price"), aggregating to Rs. 22.68 crores ("The Issue"), of which 68,000 equity shares of Rs. 10 each will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less market maker reservation portion i.e. issue of 11,92,000 equity shares of Rs. 10 each is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 29.79% and 28.18%, respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs. 10 and the issue price is 18 times of the face value.
Issue Money Payable On
Opens On Closes On Application Allotment
23-Jun-2022 28-Jun-2022 ₹ 180.00 ₹ 0.00
Minimum Application for shares in Nos : 800.0 Further Multiples of : 800.0
(₹)Cr. Lead Managers to the Issue
Project Cost 22.00 Aryaman Financial Services Ltd
Project Financed through Current Offer 22.68
Post Issue Equity Share Capital 4.23
Issue Price ₹180.00
Projects
Investment in subsidiary company - SMNPL for repayment of its outstanding unsecured loans
General corporate purposes
Promoted By
Dineshkumar Modi
Rashmi Modi
Mahek Modi
Listing At
BSE - SME
Registrar to the Issue

INDIAN INDICES

Sensex

83,577.18 821.67 (0.99%)

Nifty

25,503.15 258.40 (1.02%)

GLOBAL INDICES

USD

85.75 0.06 (0.95%)

NASDAQ
HANG SENG

24,325.41 -149.27(-0.61%)