Object reference not set to an instance of an object. Initial Public Offering | Upcoming IPO NSE & BSE Market India | IPO Allotment Status - GEOJIT
IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Modi's Navnirman Ltd
Registered Office: Shop 5 CTS 947/A Kandivali (W),Rashmi Tara Datta Mandir , Mumbai - 400067 , Maharashtra , India.
Phone : 91-98199 89100   Fax:
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-22 28-Jun-22 (Rs)180.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :800  Further Multiples of :800

  (Rs 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 (Rs)180.00  
Investment in subsidiary company - SMNPL for repayment of its outstanding unsecured loansGeneral corporate purposes
Promoted By
Dineshkumar Modi  
Rashmi Modi  
Mahek Modi  
Listing At
Registrar to the Issue
Bigshare Services Pvt Ltd