Modis Navnirman IPO Subscription Status [ Final ]

Modis Navnirman IPO Subscription status started on 23 June 2022. It will close on 28 June 2022. The Total IPO Size is 22.68 Crore. The company set its IPO price is 180 Rs Per Share. Basically, there are two basic categories in Modis Navnirman IPO Subscription 1) Non Institutional Investors 2) Retail Individual Investors (RIIs).

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Modis Navnirman Limited is engaged in the development of affordable housing in the residential segment. Modi Group has so for constructed 7 residential and commercial projects (Namely i) Rashmi Tara ii) Rashmi Chaaya, iii) Badshahs Residency, iv) Rashmi Sadhna, v) Rashmi Sheela, vi) Mrunali, vii) Rashmi Kunj) in the western suburbs of Mumbai specifically in and around the areas of Borivali, Kandivali, Malad and Goregaon. The group has 5 projects, which are currently under construction.

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Can we Subscribe Modis Navnirman IPO?

In our view, Avoid.

Modis Navnirman IPO Subscription Status( 28-June-2022 )

Day 1 (times) Day 2 (times) Day 3 (times) Day 4 (times)
NII 1.00 0.19 2.09 2.76
Retail 0.09 0.19 0.41 1.22
Total 0.55 0.98 1.25 1.99

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