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7NR Retail IPO is a fixed price issue of ₹5.12 crores. The issue is entirely a fresh issue of 0.19 crore shares of ₹5.12 crore.
7NR Retail IPO bidding started from Jul 5, 2017 and ended on Jul 10, 2017. The shares got listed on BSE SME on Jul 18, 2017.
7NR Retail IPO price is ₹27.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,08,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,16,000.
Oneview Corporate Advisors Pvt.Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The market maker of the company is Guiness Securities Ltd..
Refer to 7NR Retail IPO RHP for detailed Information.
| IPO Date | July 5, 2017 to July 10, 2017 |
| Listing Date | July 18, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹27 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 18,96,000 shares (aggregating up to ₹5.12 Cr) |
| Reserved for Market Maker | 96,000 shares Guiness Securities Ltd. (aggregating up to ₹0.2592 Cr) |
| Net Offered to Public | 18,00,000 shares (aggregating up to ₹4.86 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 50,87,000 shares |
| Share Holding Post Issue | 69,83,000 shares |
7NR Retails IPO offers total 18,96,000 shares. Out of which 9,00,000 (47.47%) allocated to NII, 9,00,000 (47.47%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 96,000 (5.06%) |
| NII (HNI) Shares Offered | 9,00,000 (47.47%) |
| Retail Shares Offered | 9,00,000 (47.47%) |
| Total Shares Offered | 18,96,000 (100.00%) |
7NR Retail IPO opens on July 5, 2017, and closes on July 10, 2017.
| IPO Open Date | Wed, Jul 5, 2017 |
| IPO Close Date | Mon, Jul 10, 2017 |
| Tentative Listing Date | Tue, Jul 18, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Jul 10, 2017 |
Investors can bid for a minimum of 4,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,08,000 |
| Retail (Max) | 1 | 4,000 | ₹1,08,000 |
| HNI (Min) | 2 | 8,000 | ₹2,16,000 |
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 Company 7NR Retail IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To meet the working capital requirement | 4.82 |
| 2 | To meet the Issue Expenses | 0.30 |
[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...
| Listing Date | July 18, 2017 |
| BSE Script Code | 540615 |
| NSE Symbol | |
| ISIN | INE413X01019 |
| Final Issue Price | ₹27 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹27.00 |
| Open | ₹27.00 |
| Low | ₹26.75 |
| High | ₹27.10 |
| Last Trade | ₹27.00 |
7NR Retail Ltd.
B-207, Titanium City Centre,
Nr. Sachin Tower,
Anand Nagar Road, Satellite
Ahmedabad, Gujarat, 380015
Phone: +91-079-48901492
Email: investors@7nrretailltd.in
Website: http://www.7nrretailltd.in
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: cameo@cameoindia.com
Website: https://ipo.cameoindia.com/
7NR Retail IPO is a SME IPO of 18,96,000 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.
The IPO opens on July 5, 2017, and closes on July 10, 2017.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in 7NR Retail IPO using UPI as a payment gateway. Zerodha customers can apply in 7NR Retail IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in 7NR Retail IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The 7NR Retail IPO opens on July 5, 2017 and closes on July 10, 2017.
7NR Retail IPO lot size is 4000, and the minimum amount required for application is ₹1,08,000.
You can apply in 7NR Retail IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for 7NR Retail IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the 7NR Retail IPO allotment status.
The 7NR Retail IPO listing date is on Tuesday, July 18, 2017.
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