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Modis Navnirman IPO Subscription Details (Live Status)

Modis Navnirman IPO Details

IPO Open Jun 23, 2022
IPO Close Jun 28, 2022
IPO Price ₹180
Face Value ₹10
IPO Size ₹22.68 Cr
Listing At BSE SME
Lot Size 800
Open an Instant Account with Zerodha

Modis Navnirman IPO Subscription Status Live

Modis Navnirman IPO subscribed 1.99 times. The public issue subscribed 1.22 times in the retail category, [.] times in QIB, and 2.76 times in the NII category by Jun 28, 2022.

Investor CategorySubscription (times)
Qualified Institutions[.]
Non-Institutional Buyers2.76
Retail Investors1.22
Employees[.]
Others[.]
Total1.99

Modis Navnirman IPO Subscription Details (times)

DateNIIRetailTotal
Day 1
Jun 23, 2022
1.000.090.55
Day 2
Jun 24, 2022
1.770.190.98
Day 3
Jun 27, 2022
2.090.411.25
Day 4
Jun 28, 2022
2.761.221.99

Modis Navnirman IPO Shares Offered

Modis Navnirman IPO is a public issue of 1,192,000 equity shares. The issue offers 596,000 shares to retail investors, 0 shares to qualified institutional buyers, and 596,000 shares to non-institutional investors.

CategoryShares OfferedAmount (Rs Cr) Size (%)
NII596,00010.7350.00%
Retail596,00010.7350.00%
Total1,192,00021.46100%

IPO Investor Categories

  • Qualified Institutional Buyers (QIB)

    Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.

  • Non-Institutional Investors(NII)

    Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc who bid for shares worth more than Rs 2 lakhs are known as Non-institutional bidders (NII). Unlike QIB bidders, they do not need SEBI registration.

    NII category has two subcategories:

    1. sNII (bids below Rs 10L)

      The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category. This subcategory is also known as Small HNI (sHNI).

    2. bNII (bids above Rs 10L)

      The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory. This subcategory is also known as Big HNI (bHNI).

  • Retail Individual Investors(RII)

    The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.

  • Employee (EMP)

    A category of eligible employees who have a reserved quota in the IPO.

  • Others

    A category of eligible shareholders or other investors who have a reserved quota in the IPO.

What is the difference between RII, NII, QIB and Anchor Investor?

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Modis Navnirman IPO Subscription FAQs

The Modis Navnirman IPO is subscribed 1.99 by Jun 28, 2022.

Modis Navnirman IPO Subscription

Investor CategorySubscription (times)
Qualified Institutional[.]
Non Institutional2.76
Retail Individual1.22
Employee Reservations[.]
Others[.]
Total Subscription1.99

Retail category of Modis Navnirman IPO subscribed 1.22 times as of date Jun 28, 2022. The public issue closes on Jun 28, 2022 for bidding.

An investor can apply in Modis Navnirman IPO online via bank (using ASBA) or the broker (using UPI). The Modis Navnirman IPO shares are offered online only.

The Modis Navnirman IPO is subscribed 1.99 by Jun 28, 2022.

The Modis Navnirman IPO allotment status is expected on or around Jul 1, 2022. Visit Modis Navnirman IPO allotment status to check.

The Modis Navnirman IPO listing date is Wednesday, July 6, 2022. The equity share of Modi's Navnirman Limited will list on BSE SME.

Visit Modis Navnirman IPO subscription status page for real-time bidding information about Modis Navnirman IPO.

Modis Navnirman IPO Timetable

IPO Opens OnJun 23, 2022
IPO Closes OnJun 28, 2022
Finalisation of Basis of AllotmentJul 1, 2022
Initiation of RefundsJul 4, 2022
Credit of Shares to Demat AccountJul 5, 2022
IPO Listing DateJul 6, 2022