Fixed Price IPO | ₹5 Cr | Listed at BSE SME | Wed, Jul 5, 2017 - Mon, Jul 10, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Jul 5, 2017
IPO Close
Mon, Jul 10, 2017
Issue Price
₹27 per share
Market Cap (Pre-IPO)
₹18.85 Cr
| IPO Date | 5 to 10 Jul, 2017 |
| Listed on | Tue, Jul 18, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹27 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 18,96,000 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 96,000 shares Guiness Securities Ltd. (agg. up to ₹0.2592 Cr) |
| Fresh Issue (Ex Market Maker) | 18,00,000 shares (agg. up to ₹5 Cr) |
| Net Offered to Public | 18,00,000 shares (agg. up to ₹5 Cr) |
| Share Holding Pre Issue | 50,87,000 shares |
| Share Holding Post Issue | 69,83,000 shares |
| BSE Script Code | 540615 |
| ISIN | INE413X01019 |
7NR Retail IPO comprises a total issue size of 18,96,000 shares. The net offer to the public is 18,00,000 shares, after excluding 96,000 shares allotted on a firm basis. Of the Net offer 9,00,000 (50.00%) allocated to NII 9,00,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 9,00,000 | 50.00% | 47.47% |
| Retail Shares Offered | 9,00,000 | 50.00% | 47.47% |
| Firm Reservations | |||
| Market Maker Shares Offered | 96,000 | 5.06% | |
| Total Shares Offered | 18,96,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet the working capital requirement | 4.82 |
| 2 | To meet the Issue Expenses | 0.30 |
The 7NR Retails IPO is subscribed [.] times on July 10, 2017 5:00:00 PM (Day 4). 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) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees including fees selling commissions, brokerages, and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses. | 0.23 |
| 2 | Printing & Stationery, Distribution, Postage, etc | 0.02 |
| 3 | Advertisement & Marketing Expenses | 0.02 |
| 4 | Regulatory & other expenses | 0.03 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹27.00 |
| Open | ₹27.00 |
| Low | ₹26.75 |
| High | ₹27.10 |
| Last Trade | ₹27.00 |
Lead Manager Reports
7NR Retail IPO is a SME IPO of 18,96,000 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹27 per share. The minimum order quantity is 4000.
The IPO opens on Wed, Jul 5, 2017, and closes on Mon, Jul 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 Wed, Jul 5, 2017 and closes on Mon, Jul 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 Tue, Jul 18, 2017.
