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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

7NR Retails IPO Details

IPO Opening Date Jul 5, 2017
IPO Closing Date Jul 10, 2017
Issue Type Fixed Price Issue IPO
Face Value ₹10 per equity share
IPO Price ₹27 per equity share
Market Lot 4000 Shares
Min Order Quantity 4000 Shares
Listing At BSE SME
Issue Size1,896,000 Eq Shares of ₹10
(aggregating up to ₹5.12 Cr)

7NR Retails IPO Lot Size

The 7NR Retails IPO market 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 (Cut-off)
Minimum 1 4000 ₹108,000
Maximum 1 4000 ₹108,000

7NR Retails IPO Subscription Status (Bidding Detail)

The 7NR Retails IPO is subscribed times on Jul 10, 2017 17:00. The public issue subscribed in the retail category, in the QIB category, and in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

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
IPO Price ₹27 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹27.00
₹27.00
₹26.75
₹27.10
₹27.00

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
Email: investors@7nrretailltd.in
Website: http://www.7nrretailltd.in

7NR Retails IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390
Email: cameo@cameoindia.com
Website: https://online.cameoindia.com/

7NR Retails IPO Reviews / Ratings

7NR Retails IPO FAQs

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 equity 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 4000 Shares.

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.

The 7NR Retails IPO listing date is on Tuesday, July 18, 2017.

7NR Retails IPO Message Board

Ranked Members  Ranked Members

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17. Hakimuddin lashkerwala |Jul 15, 2017 00:06
Wht is listing date
16. hnc |Jul 12, 2017 11:03
Allotment and Listing dates ?
15. Abhilash R |Jul 8, 2017 15:49
Clearly Avoid.
14. Prabhakaran Kuppusamy |Jul 6, 2017 12:39
Top Contributor Top Contributor (400+ Posts, 300+ 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.
13. Prabhakaran Kuppusamy |Jul 6, 2017 12:31
Top Contributor Top Contributor (400+ Posts, 300+ 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      -
12. Prabhakaran Kuppusamy |Jul 6, 2017 12:31
Top Contributor Top Contributor (400+ Posts, 300+ 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
11. Prabhakaran Kuppusamy |Jul 6, 2017 12:30
Top Contributor Top Contributor (400+ Posts, 300+ 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
10. Prabhakaran Kuppusamy |Jul 6, 2017 12:30
Top Contributor Top Contributor (400+ Posts, 300+ 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.
9. Prabhakaran Kuppusamy |Jul 6, 2017 12:29
Top Contributor Top Contributor (400+ Posts, 300+ 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
8. Prabhakaran Kuppusamy |Jul 6, 2017 12:29
Top Contributor Top Contributor (400+ Posts, 300+ 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
7. Prabhakaran Kuppusamy |Jul 6, 2017 12:29
Top Contributor Top Contributor (400+ Posts, 300+ 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
6. SRNS |Jul 4, 2017 22:14
Big avoid.
5. Jitendra Agarwal |Jul 3, 2017 15:35
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.
4. UMESH PANDYA |Jul 1, 2017 22:23
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
3. Eaglebrain |Jul 1, 2017 21:30
Avoid
2. gala |Jul 1, 2017 14:35
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Do even think much about this .... Vry vry clear avoid ....
1. Gupta Amit |Jul 1, 2017 00:05
दोस्तों 7NR Retail IPO apply or not