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

July 5, 2017 - July 10, 2017

7NR Retails IPO is a fixed price issue of Rs 5.12 crores.

7NR Retails IPO bidding started from July 5, 2017 and ended on July 10, 2017. The shares got listed on BSE SME on July 18, 2017.

7NR Retails IPO price is ₹27 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹108,000.

Guiness Corporate Advisors Pvt Ltd is the book running lead manager of the 7NR Retails IPO, while Cameo Corporate Services Limited is the registrar for the issue.

Refer to 7NR Retails IPO RHP for detailed information.

7NR Retails IPO Details

IPO Date	July 5, 2017 to July 10, 2017
Listing Date	July 18, 2017
Face Value	₹10 per share
Price	₹27 per share
Lot Size	4000 Shares
Total Issue Size	1,896,000 shares (aggregating up to ₹5.12 Cr)
Issue Type	Fixed Price Issue IPO
Listing At	BSE SME

7NR Retails IPO Lot Size

Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application	Lots	Shares	Amount
Retail (Min)	1	4000	₹108,000
Retail (Max)	1	4000	₹108,000
Lot Size Calculator

About 7NR Retails Ltd

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.

Objects of the Issue (7NR Retails IPO Objectives)

The object of the issue are:

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

7NR Retails IPO Review (Avoid)

[Dilip Davda] 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...

7NR Retails IPO Subscription Status (Bidding Detail)

The 7NR Retails IPO is subscribed times on July 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)

7NR Retails IPO Prospectus

› 7NR Retails IPO RHP

7NR Retails IPO Rating

3.0

Rating:

Vote Here ...

7NR Retails IPO Listing Details

Listing Date	July 18, 2017
BSE Script Code	540615
NSE Symbol
ISIN	INE413X01019
Final Issue Price	₹27 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade

BSE SME
₹27.00
₹27.00
₹26.75
₹27.10
₹27.00

Check IPO Performance…

7NR Retails Ltd Contact Details

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://ipo.cameoindia.com/

7NR Retails IPO - Buy or Not

7NR Retails IPO Recommendation Summary

Review By	Subscribe	Neutral	Avoid
Brokers	0	0	1
Members	0	0	0

Read All Reviews Post Your Review Manage Reviews

7NR Retails IPO Lead Manager(s)

Guiness Corporate Advisors Pvt Ltd (Past IPO Performance)

Lead Manager Reports

SME IPO Enquiry

SME Company Owners
We could help you get listed on the stock market.

Check our SME IPO Guide New

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 share. The minimum order quantity is 4000 Shares.

The IPO opens on July 5, 2017, and closes on July 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 July 5, 2017 and closes on July 10, 2017.

7NR Retails IPO lot size is 4000 Shares, and the minimum amount required is ₹108,000.

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, Nuvama, 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 July 18, 2017.

Compare IPO:

7NR Retails IPO Message Board

Ranked Members of Chittorgarh.com Forum Ranked Members | Members with Most Likes

17 Comments

Stock Discussion

17. Hakimuddin lashkerwala | Link | Bookmark |July 15, 2017 12:06:17 AM

Wht is listing date

16. hnc | Link | Bookmark |July 12, 2017 11:03:17 AM

Allotment and Listing dates ?

15. Abhilash R | Link | Bookmark |July 8, 2017 3:49:43 PM

Clearly Avoid.

14. Prabhakaran Kuppusamy | Link | Bookmark |July 6, 2017 12:39:11 PM (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 | Link | Bookmark |July 6, 2017 12:31:27 PM (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 | Link | Bookmark |July 6, 2017 12:31:09 PM (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 | Link | Bookmark |July 6, 2017 12:30:51 PM (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 | Link | Bookmark |July 6, 2017 12:30:27 PM (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 | Link | Bookmark |July 6, 2017 12:29:56 PM (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 | Link | Bookmark |July 6, 2017 12:29:33 PM (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 | Link | Bookmark |July 6, 2017 12:29:02 PM (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 | Link | Bookmark |July 4, 2017 10:14:58 PM

Big avoid.

5. Jitendra Agarwal | Link | Bookmark |July 3, 2017 3:35:08 PM

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 | Link | Bookmark |July 1, 2017 10:23:53 PM

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 | Link | Bookmark |July 1, 2017 9:30:07 PM

Avoid

2. gala | Link | Bookmark |July 1, 2017 2:35:52 PM

IPO Mentor (500+ Posts, 200+ Likes)

Do even think much about this .... Vry vry clear avoid ....

1. ~~Gupta Amit~~ | Link | Bookmark |July 1, 2017 12:05:05 AM

à¤¦à¥‹à¤¸à¥à¤¤à¥‹à¤‚ 7NR Retail IPO apply or not

Stock Discussion

Check Messages by Ranked Members

Find 7NR Retails IPO Latest Update

Useful Articles