Modi’s Navnirman IPO Guidance & Details

Grey Market News for Modi’s Navnirman IPO :
On 20 June 2022
Subject to Rates# :  nil
GMP Rates :  – nil
Subscription Trend
On X June 2022 @ 5.00 pm
NII (50%) 5,96,000 Sh : 0.00 T
RII (50%) 5,96,000 Sh : 0.00 T
Tot 11,92,000 Sh : 0.00 T

Modi’s Navnirman IPO Details

IPO Date Jun 23, 2022 to Jun 28, 2022
IPO Face Value Rs10 per share
IPO Price Rs 180 per share
IPO Lot Size 800 Shares
Issue Size 12,00,000 shares of Rs10
(aggregating up to Rs 22.68 Cr)
Fresh Issue 12,00,000 shares of Rs10
(aggregating up to Rs 22.68 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Net IPO size  Rs. 21.46 Crore/ 1192,000 Shares
Retail Quota : 50 % ( Net  5,96,000 Shares)
Retail Min Application : 800 Shares/ Rs. 144,000
Retail Max Application : 800 Shares/ Rs. 144,000
Retail : 745 Applications required for one time subscriptions.

Modi’s Navnirman IPO Timetable ( Tentative ) 
IPO Opening Date Jun 23, 2022
IPO Closing Date Jun 28, 2022
Basis of Allotment July 01, 2022
Initiation of Refunds July 04, 2022
Credit of Shares to Demat July 05, 2022
Silver Pearl Hospitality IPO Listing Date July 06, 2022

Modi’s Navnirman  Business :

Modi‘s Navnirman Limited has been focused on the mid-market and affordable housing categories as our target segment within the residential housing market.
The mid-market and affordable housing categories have accounted for significant share of overall market absorption in India in recent years
Also, as on date of this Draft Prospectus, the Company does not have any borrowings from any bank or financial institutions and all its assets are free of any charge. Historically, it has sought to develop its projects either through development agreements with Co-operative Housing Society / landowners of the proposed projects. Its is transitioning to a real estate development model with a shift towards an asset light business strategy by doing Development Agreements.

It currently has Ongoing and Upcoming projects, which it expects to provide an estimated total Carpet Area of 5.80 Lakhs square feet.

For more information about the business, Click  www.modisnirman.com

Promoters of Modi’s Navnirman 
Dineshkumar Modi, Rashmi Modi and Mahek Modi

Modi’s Navnirman : Objects of the IPO
The Company proposes to utilize the Net Proceeds from Issue towards funding :
Investment in subsidiary company – SMNPL for Repayment of its outstanding unsecured loans

Registered office of Modi’s Navnirman 
Shop 5, CTS 947/A , Rashmi Tara Datta Mandir, Kandivali (West) Mumbai – 400067.
Company Secretary and Compliance Officer: Ms. Nishi Modi,

Lead Manager of Modi’s Navnirman IPO

ARYAMAN FINANCIAL SERVICES LIMITED

SME IPO Financial & Analytical Ratios#
Earnings per Share 2019-20,Rs 4.71
Earnings per Share 2020-21 Rs 1.26
Earnings per Share 2021-22 11M Rs 2.69
Return on Net Worth: 19-20 47.06 %
Return on Net Worth: 20-21: 12.65 %
Return on Net Worth: 21-22 11M : 26.90 %
Book Value of the Share as on 31.3.22 Rs 10
Book Value of the Share after the IPO Rs
Offer Price Rs. 18

IPO Peer Comparison:
Arihant Superstructures @ PE Multiple of 34.26
KBC Global @ PE Multiple of 37.04
Ajmera Realty & Infra @ PE Multiple of 278
Hubtown Limited @ PE Multiple of NIl
Godrej Properties Limited @ PE Multiple of NIl
Macrotech Developers @ PE Multiple of 1131.46
Vascon engineers @ PE Multiple of NIl

Observation by Paresh Gordhandas ( Research Analyst )
For Guidance Click  

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