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.

What is the current subscription status of Modi's Navnirman Limited IPO?

Modi's Navnirman Limited IPO has received a total subscription of 1.99 times overall.

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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 Subscription Status Allotment Status Filing Documents

Overall Subscription

1.99x

Total Demand

QIB Multiplier

0.00x

Institutions & Funds

NII / HNI

0.00x

High Net-Worth

Retail (RII)

0.00x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 1.99x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
Qualified Institutional (QIB)	630,000	—	0.00x
Non-Institutional (NII / HNI)	189,000	—	0.00x
Retail Individual (RII)	441,000	—	0.00x
Total	1,260,000	0	1.99x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 1.99x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	551	1,096	1.99x
HNIs (10L +)	4	8	2.00x
HNIs (2-10L)	17	34	2.00x
Total Applications	572	1,138	1.99x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

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.

Bidding & Quota Instructions:

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.

Allotment Reconciliation Schedule:

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 is Modi's Navnirman Limited IPO GMP today?

Currently, Modi's Navnirman Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹180 to ₹180 per equity share.

What is the expected profit per lot for Modi's Navnirman Limited IPO?

The retail lot size is 800 shares requiring a minimum application amount of ₹1,44,000. Expected listing price is ₹180 per equity share.

What is the issue size and price band for Modi's Navnirman Limited IPO?

The Modi's Navnirman Limited IPO aggregate issue size is ₹22.68 Crores with an equity price band set at ₹180 to ₹180 per equity share. The retail lot size is 800 shares requiring a minimum capital outlay of approx. ₹1,44,000.

How can I check Modi's Navnirman Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 1.99x (Retail: 0.00x, QIB: 0.00x, NII: 0.00x). You can track live multiples directly on our dedicated subscription page.

Where and when will Modi's Navnirman Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2022-07-01. Investors can verify status using PAN card or application number.

When is the listing date for Modi's Navnirman Limited IPO?

Modi's Navnirman Limited shares are scheduled to list on BSE on 2022-07-06.