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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
Opens On
Closes On
23-Jun-22
28-Jun-22
Money Payable On
Application
Allotment
180.00
0.00
Minimum Application for shares in Nos : 800 Further Multiples of : 800
Cr
Lead Managers to the Issue
Project Cost (
.Cr)
22.00
Aryaman Financial Services Ltd
Project Financed through Current Offer (
.Cr)
22.68
Post Issue Equity Share Capital (
.Cr)
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
No Data Available
Attention Investors:
Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. || Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. || Pay 20% upfront margin of the transaction value to trade in cash market segment. || Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard. || Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.|| KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.|| No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.