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7NR Retails Ltd IPO (7NR Retails IPO) Detail

Jul 5, 2017 - Jul 10, 2017

Incorporated in 2012, 7NR Retail Limited engaged in the business of trading of apparels in the wholesale and retail segments. 7NRR operates and manages four retail stores exclusively for kids apparel brand “Gini & Jony” across the state of Gujarat. It is also selling shirting and suiting under wholesale segment.

Currently company is supplying and marketing all sizes of Kids Garments in attractive designs with eco-friendly products. The company operates in two segments, Retail and Wholesale. The Retail segment trades in kids garments. This segment operates and manages four retail stores for kids apparel under the Gini & Jony brand. The Wholesale segment is involved in the wholesale trade of suitings, shirtings, and other textile products, as well as kids garments, such as uniforms and other fabrics. Currently 7NRR operates and manages four retail stores exclusively for kids apparel brand “Gini & Jony” across the state of Gujarat. It is also selling shirting and suiting under wholesale segment.

Company Promoters:

The Promoters of the Company are:

1. Mr. Pinal Kanchanlal Shah
2. Mrs. Riddhi Pinal Shah
3. Mrs. Nutanben Jaykishan Patel

Objects of the Issue:

The object of the issue are:

1. To meet the working capital requirement
2. To meet the expenses of the Issue

Issue Detail:

  »»  Issue Open: Jul 5, 2017 - Jul 10, 2017
  »»  Issue Type: Fixed Price Issue IPO
  »»  Issue Size: 1,896,000 Equity Shares of Rs 10 aggregating up to Rs 5.12 Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 27 Per Equity Share
  »»  Market Lot: 4000 Shares
  »»  Minimum Order Quantity: 4000 Shares
  »»  Listing At: BSE SME

7NR Retails IPO Reviews:

  1. 7NR Retails Ltd IPO review by Dilip Davda

Issue Subscription Detail / Current Bidding Status

Number of Bids Received
As on Date & TimeQIBNIIRIITotal
Shares Offered / Reserved
Day 1 - Jul 5, 2017 17:00 IST-800017200001728000
Day 2 - Jul 6, 2017 17:00 IST-17600019640002140000
Day 3 - Jul 7, 2017 17:00 IST-17600020280002204000
Day 4 - Jul 10, 2017 17:00 IST-20400031800003384000

7NR Retails IPO Prospectus

7NR Retails IPO Rating

69
3.0
Rating:Rated 3.0 stars

Vote Here ...

7NR Retails IPO Listing Date

  •   ›  Listing Date: Tuesday, July 18, 2017
  •   ›  BSE Script Code: 540615
  •   ›  NSE Symbol:
  •   ›  Listing In: ‘M’ Group of Securities
  •   ›  ISIN: INE413X01019
  •   ›  Issue Price: Rs 27 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
BSE SME
Rs 27.00
Rs 27.00
Rs 26.75
Rs 27.10
Rs 27.00
1,040,000

7NR Retails IPO News Alerts

  1. Tuesday, July 18, 2017 12:00:00 AM
    7NR Retails Ltd IPO - Listing

Company Contact Information

7NR Retails Ltd
B-207, Titanium City Centre,
Nr. Sachin Tower,
Anand Nagar Road, Satellite, Ahmedabad -380 015
Phone: +91-079-48901492
Fax: NA
Email: investors@7nrretailltd.in
Website: http://www.7nrretailltd.in

7NR Retails IPO Registrar

Cameo Corporate Services Limited   »  Report
   Cameo Corporate Services Ltd.,
   Subramanian Building # 1, Club House Road,
   Chennai 600 002 - India

Phone: +91-44-28460390
Fax: +91-44-28460129
Email: cameo@cameoindia.com
Website: http://www.cameoindia.com

7NR Retails IPO Lead Manager(s)

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7NR Retails IPO Review / Comments

avatar
17. Hakimuddin lashkerwala  Jul 15, 2017 12:06:17 AM IST I Like It. | Report Abuse Reply
Wht is listing date
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16. hnc  Jul 12, 2017 11:03:17 AM IST I Like It. | Report Abuse Reply
Allotment and Listing dates ?
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15. Abhilash R  Jul 8, 2017 3:49:43 PM IST I Like It. 2 | Report Abuse Reply
Clearly Avoid.
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14. Prabhakaran Kuppusamy  Jul 6, 2017 12:39:11 PM IST I Like It. 9 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Pros:
Zero-debt (very recently)
Cons:
ROE and ROCE is below PAR (negative for most FYs)
Company became profitable only in this FY (that too sudden spike in sales)
Workforce is getting reduce every year
Raw material cost is getting higher
PE of 50 and PB of 2.5 is very expensive (for this risky company).

It''s a clear AVOID.
avatar
13. Prabhakaran Kuppusamy  Jul 6, 2017 12:31:27 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Key operating ratios

Year end      Mar 17      Mar 16      Mar 15      Mar 14      Mar 13
EPS(Rs)      0.74      -      -      -      0.93
Book value(Rs)      10.62      8.21      9.27      -5.58      10.31
CEPS(Rs)      0.83      -0.85      0.56      -3.00      -
NPM(%)      3.35      -8.70      -0.97      -3.19      -
OPM(%)      4.14      -5.51      4.87      5.18      -
ROCE(%)      10.91      -      -      -      -
ROE(%)      9.66      -      -      -      -
Debt/equity      -      0.18      2.00      130.25      9.60
Interest cover      21.50      -25.00      0.63      0.33      -
avatar
12. Prabhakaran Kuppusamy  Jul 6, 2017 12:31:09 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Cash flow analysis (Rs.in Crs.)
Year end      Mar 17      Mar 16      Mar 15      Mar 14      Mar 13
NOPAT      0.40      -0.29      0.08      0.08      -
Operating cash flow      0.67      0.27      0.81      -1.93      -0.99
Free cash flow      1.52      0.27      0.88      -0.84      -0.99
avatar
11. Prabhakaran Kuppusamy  Jul 6, 2017 12:30:51 PM IST I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Key financials (Rs.in Crs.)
Year end      Mar 17      Mar 16      Mar 15      Mar 14      Mar 13
Net sales      11.34      3.45      5.13      5.02      0.07
Operating profit      0.47      -0.19      0.25      0.26      -
Net profit      0.38      -0.30      -0.05      -0.16      -
Equity cap pd      5.09      2.84      2.84      0.10      0.10
avatar
10. Prabhakaran Kuppusamy  Jul 6, 2017 12:30:27 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Half Yearly (variance)
Year      201703      201603      Var(%)
Type      Full Year      Full Year
Sales Turnover      11.34      3.45      228.70
Other Income      0.08      0.00      N.A.
Total Income      11.42      3.45      231.01
Total Expenditure      10.95      3.64      200.82
Operating Profit      0.47      -0.19      N.A.
Interest      0.02      0.01      100.00
Gross Profit      0.45      -0.20      N.A.
Depreciation      0.04      0.06      -33.33
Tax      0.03      0.00      N.A.
Reported PAT      0.38      -0.30      N.A.
Dividend (%)      0.00      0.00      N.A.
avatar
9. Prabhakaran Kuppusamy  Jul 6, 2017 12:29:56 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
P & L Account(Rs.in Crs.)

Year      Mar 17      Mar 16      Mar 15      Mar 14      Mar 13(4)
Sales Turnover      11.34      3.45      5.13      5.02      0.07
Other Income      0.08      0.00      0.00      0.00      0.00
Stock Adjustments      0.28      -1.11      -0.32      0.03      2.54
Total Income      11.70      2.34      4.81      5.05      2.61
Raw Materials      10.48      1.52      3.24      3.78      2.60
Excise Duty      0.00      0.00      0.00      0.00      0.00
Power & Fuel Cost      0.00      0.00      0.00      0.00      0.00
Other Manufacturing Expenses      0.00      0.00      0.00      0.00      0.00
Employee Cost      0.43      0.49      0.75      0.63      0.01
Selling and Administration Expenses      0.00      0.00      0.00      0.00      0.00
Miscellaneous Expenses      0.33      0.53      0.58      0.38      0.00
Less: Preoperative Expenditure Capitalised      0.00      0.00      0.00      0.00      0.00
Profit before Interest, Depreciation & Tax      0.47      -0.19      0.25      0.26      0.00
Interest & Financial Charges      0.02      0.01      0.08      0.36      0.00
Profit before Depreciation & Tax      0.45      -0.20      0.17      -0.10      0.00
Depreciation      0.04      0.06      0.21      0.13      0.00
Profit Before Tax      0.41      -0.26      -0.03      -0.24      0.00
Tax      0.03      0.04      0.02      -0.08      0.00
Profit After Tax      0.38      -0.30      -0.05      -0.16      0.00
Adjustment below Net Profit      0.00      0.00      0.00      0.00      0.00
P & L Balance brought forward      -0.51      -0.21      -0.16      0.00      0.00
Appropriations      0.00      0.00      0.00      0.00      0.00
P & L Bal. carried down      -0.13      -0.51      -0.21      -0.16      0.00
Equity Dividend      0.00      0.00      0.00      0.00      0.00
Preference Dividend      0.00      0.00      0.00      0.00      0.00
Corporate Dividend Tax      0.00      0.00      0.00      0.00      0.00
Equity Dividend (%)      0.00      0.00      0.00      0.00      0.00
Earning Per Share (Rs.)      0.74      0.00      0.00      0.00      0.93
Book Value      10.62      8.21      9.27      -5.58      10.31
Extraordinary Items      0.00      0.00      0.00      0.00      0.00
avatar
8. Prabhakaran Kuppusamy  Jul 6, 2017 12:29:33 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Balance Sheet(Rs.in Crs.)

Year      Mar 17      Mar 16      Mar 15      Mar 14      Mar 13
Share Capital      5.09      2.84      2.84      0.10      0.10
Reserves & Surplus      0.32      -0.51      -0.21      -0.16      0.00
Total Shareholders Funds      5.41      2.33      2.63      -0.06      0.10
Secured Loans      0.00      0.00      0.00      0.00      0.00
Unsecured Loans      0.00      0.01      0.88      4.25      0.96
Total Debt      0.00      0.01      0.88      4.25      0.96
Total Liabilities      5.41      2.34      3.51      4.19      1.06
Gross Block      0.86      0.05      0.83      0.96      0.00
Less: Accum. Depreciation      0.00      0.00      0.00      0.00      0.00
Net Block      0.86      0.05      0.83      0.96      0.00
Capital Work in Progress      0.00      0.00      0.00      0.00      0.00
Investments      0.00      0.00      0.00      0.00      0.00
Inventories      1.43      1.14      2.25      2.57      2.54
Sundry Debtors      0.36      0.16      0.20      0.18      0.00
Cash and Bank Balance      2.88      0.30      0.11      0.06      0.07
Loans and Advances      0.76      1.25      2.40      2.80      1.10
Current Liabilities      0.80      0.44      2.29      2.38      2.64
Provisions      0.08      0.13      0.00      0.00      0.01
Net Current Assets      4.55      2.28      2.67      3.23      1.06
Miscellaneous Expenses not w/o      0.00      0.00      0.00      0.00      0.00
Total Assets      5.41      2.33      3.50      4.19      1.06
Contingent Liabilities      0.00      0.00      0.00      0.00      0.00
avatar
7. Prabhakaran Kuppusamy  Jul 6, 2017 12:29:02 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Capital History
Year      Equity Capital       Remarks
201702      5.087        Preferential Allotment
201503      2.837        Loan Conversion
201301      0.1        Preferential Allotment
201212      0.028        Subscriber to MOA
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6. SRNS  Jul 4, 2017 10:14:58 PM IST I Like It. | Report Abuse Reply
Big avoid.
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5. Jitendra Agarwal  Jul 3, 2017 3:35:08 PM IST I Like It. 2 | Report Abuse Reply
The company is in growing phase. In the last 3 years it has paid all his debts and has come for listing with no debt. Considering this, it seems that it will show a positive growth from now onwards.
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4. UMESH PANDYA  Jul 1, 2017 10:23:53 PM IST I Like It. 1 | Report Abuse Reply
Now a days all SME IPO are coming with hefty premiums and some how they are able to subscribe but listing with below issue price, 7NR Retails is also one of them, so don''t apply
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3. Eaglebrain  Jul 1, 2017 9:30:07 PM IST I Like It. | Report Abuse Reply
Avoid
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2. gala  Jul 1, 2017 2:35:52 PM IST I Like It. 5 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Do even think much about this .... Vry vry clear avoid ....
avatar
1. Gupta Amit  Jul 1, 2017 12:05:05 AM IST I Like It. | Report Abuse Reply
दोस्तों 7NR Retail IPO apply or not
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