31 Mar 2020
Assets9.98
Total Income21.95
Profit After Tax1.40
At a glance
Updated 2026-09-18The shares listed at ₹189.00, a 5.00% move from the issue price. Modis Navnirman is a SME IPO with an issue size of ₹22.68 crore, proposed for listing on BSE SME. The offer opens on 23rd Jun 2022 and closes on 28th Jun 2022. The issue structure includes a fresh issue of ₹21.46 crore. The current listing schedule points to 6th Jul 2022.
Issue details
Listing atBSE SME
Issue typeFixed Price Issue
Issue size₹22.68 Cr
Fresh issue₹21.46 Cr
Face value₹10
Price band—–—
Allotment1st Jul 2022
Listing6th Jul 2022
Listing performance
Full performance ↗Issue price₹180.00
Listing price₹189.00
Current price—
Listing gain5.00%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹0.00
GMP / upper priceNO DATA
Est. listingNO DATA
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens23rd Jun 2022
Closes28th Jun 2022
Allotment1st Jul 2022
Refund4th Jul 2022
Demat5th Jul 2022
Listing6th Jul 2022
Subscription demand
Full bidding ↗Total1.99×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 800 | — |
Company
Incorporated2015
Use of proceeds
| Object | Amount |
|---|---|
| Investment in subsidiary company – SMNPL for Repayment of its outstanding unsecured loans | ₹17.79 Cr |
| General Corporate Purpose | ₹4.21 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue11.51₹ Cr · -12.9% vs prior year
PAT1.33₹ Cr · +250.0% vs prior year
Assets30.98₹ Cr · +321.5% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2021
Assets7.35
Total Income13.22
Profit After Tax0.38
31 Mar 2022
Assets30.98
Total Income11.51
Profit After Tax1.33
KPIs
| KPI |
|---|
| Debt / Equity |
| RoNW |
Valuation & shareholding
Pre-IPO EPS4.47
Pre-IPO P/E57.32
Promoter holding pre99.98%
Promoter holding post70.2%
Market cap₹76.14 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Modis Navnirman IPO | — | 57.32 x | — | — |
| Teamtech Formwork IPO | — | 16.29 x | — | — |
| Justo Realfintech IPO | — | 15.69 x | — | — |
| NACDAC Infrastructure IPO | — | 14.28 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Issue Management fees including fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | ₹0.32 Cr |
| Brokerage and selling commission | ₹0.11 Cr |
| Printing & Stationery, Distribution, Postage, etc | ₹0.02 Cr |
| Advertisement and Marketing Expenses | ₹0.02 Cr |
| Stock Exchange Fees, Regulatory and other Expenses | ₹0.22 Cr |
Registrar & lead managers
Registrar
Bigshare Services Pvt.Ltd.Lead managers
- Aryaman Financial Services Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-18.
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