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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.
The object of the issue are:
1. To meet the working capital requirement
2. To meet the expenses of the Issue
| 7NR Retails IPO Date | Jul 5, 2017 to Jul 10, 2017 |
| 7NR Retails IPO Face Value | ₹10 per share |
| 7NR Retails IPO Price | ₹27 per share |
| 7NR Retails IPO Lot Size | 4000 Shares |
| Issue Size | 1,896,000 shares of ₹10 (aggregating up to ₹5.12 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Company Promoters | The Promoters of the Company are: 1. Mr. Pinal Kanchanlal Shah |
The 7NR Retails IPO lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹108,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹108,000 |
| Retail (Max) | 1 | 4000 | ₹108,000 |
Issue is aggressively priced and the company has inconsistent track record till FY16. Sudden jump in top line for FY 17 is surprising. There is no harm in giving this issue a miss. Read detail review...
The 7NR Retails IPO is subscribed times on Jul 10, 2017 5:00:00 PM. The public issue subscribed times in the retail category, times in the QIB category, and times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| Listing Date | Tuesday, July 18, 2017 |
| BSE Script Code | 540615 |
| NSE Symbol | |
| Listing In | M Group of Securities |
| ISIN | INE413X01019 |
| IPO Price | ₹27 per share |
| Face Value | ₹10 per share |
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7NR Retails Ltd
B-207, Titanium City Centre,
Nr. Sachin Tower,
Anand Nagar Road, Satellite, Ahmedabad -380 015
Phone: +91-079-48901492
Email: investors@7nrretailltd.in
Website: http://www.7nrretailltd.in
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: cameo@cameoindia.com
Website: https://ipo.cameoindia.com/
7NR Retails IPO is a SME IPO of 1,896,000 equity shares of the face value of ₹10 aggregating up to ₹5.12 Crores. The issue is priced at ₹27 per share. The minimum order quantity is 4000 Shares.
The IPO opens on Jul 5, 2017, and closes on Jul 10, 2017.
Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The 7NR Retails IPO opens on Jul 5, 2017 and closes on Jul 10, 2017.
7NR Retails IPO lot size is 4000 Shares and the minimum order quantity is .
You can apply in 7NR Retails IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for 7NR Retails IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the 7NR Retails IPO allotment status.
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