What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Modi's Navnirman Limited IPO allotment date?

The basis of allotment for Modi's Navnirman Limited IPO is scheduled to be finalized on 1 Jul 2022.

Where can I check Modi's Navnirman Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Bigshare Services Private Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 2 Jul 2022.

IPO GreyPremiumLIVE

Grey Market Intelligence

Modi's Navnirman Limited

ListedSME

Infrastructure & Construction · BSE

Founded in 2015, Modi's Navnirman Limited is a real estate company specializing in construction services. The company focuses on designing and developing projects that cater to different price segments based on consumer needs. Currently, the company has: 2 ongoing and 2 upcoming residential projects. 3 ongoing and 3 upcoming residential-cum-commercial projects. All completed, ongoing, and upcoming projects are located in Mumbai. A unique feature of the company is that all project names start with "Rashmi", such as "Rashmi Sadhna," "Rashmi Sheela," and "Rashmi Terrace."

Price Band

₹180

Issue Size

₹22.68 Cr

Lot Size

800 shares

GMP

—

Est. Listing

₹180

at current GMP

Subscribed

1.99x

overall

Open

23 Jun 2022

28 Jun 2022

Allotment

1 Jul 2022

Refund

2 Jul 2022

Demat Credit

3 Jul 2022

Listing

6 Jul 2022

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Modi's Navnirman Limited Allotment Status

Designated Registrar: Bigshare Services Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

1 Jul 2022

Basis finalization

Refunds Initiate

2 Jul 2022

Mandate release

Demat Credit

3 Jul 2022

Shares in demat

Listing Debut

6 Jul 2022

Trading begins

About Modi's Navnirman Limited Public Issue & Market Profile

Modi's Navnirman Limited is bringing an initial public offering (IPO) in the Infrastructure & Construction sector with an aggregate issue size of ₹22.68 Crores. The shares are offered at a price band of ₹180 to ₹180 per equity share on BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.

Public Issue & Allotment Procedure:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 800 shares (approx. ₹1,44,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Official Allotment Timelines & Registrar Guidance:

Allotment reconciliation will be managed by Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2022-07-03, while un-allotted funds or UPI block mandates will be released on 2022-07-02.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.