The 7NR Retails IPO date has been confirmed to have started on July 5, 2017 and ended on July 10, 2017.
Using an IPO, 7NR Retails is seeking to raise Rs 12.35 crore. Its price is ₹27 per share and the minimum lot size for an application is 4000 shares. The minimum amount of investment required by retail investors is ₹108,000.
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Bidding Dates
July 5-10
Price Range
₹27 per share
Face Value
₹10 per share
GMP
₹0.52
7NR Retails IPO GMP
The 7NR Retails Limited IPO GMP is ₹0.52.
IPO Overview
The 7NR Retails IPO has a fixed price of Rs 5.12 crore. The IPO auction for 7NR Retails began on July 5, 2017 and closed on July 10, 2017. On July 18, 2017, the shares were listed on the BSE SME. The IPO price for 7NR Retails is $27 per share. A lot size of 4000 shares is required for an application. Retail investors must make a minimum commitment of $100,000.
The retail section deals in children’s clothing. This segment operates and administers four kidswear retail outlets under the Gini & Jony name. The wholesale segment deals in the wholesale trade of suitings, shirtings, and other textile items, as well as children’s clothing such as uniforms and other materials. Currently, 7NRR operates and administers four retail outlets specifically for the children’s clothing brand “Gini & Jony” throughout Gujarat. Under the wholesale section, it also sells shirting and suits.
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 Listing Day Trading Information
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹27.00 |
| Open | ₹27.00 |
| Low | ₹26.75 |
| High | ₹27.10 |
| Last Trade | ₹27.00 |
7NR Retails IPO Listing Details
| Listing Date | July 18, 2017 |
| BSE Script Code | 540615 |
| NSE Symbol | |
| ISIN | INE413X01019 |
| Final Issue Price | ₹27 per share |
Company Profile
7NR Retail Limited was founded in 2012 and is engaged in the wholesale and retail trading of apparel. 7NRR operates and administers four retail locations specifically for the children’s clothing brand “Gini & Jony” in Gujarat. Under the wholesale section, it also sells shirting and suits. Currently, the company supplies and markets all sizes of kids garments in appealing patterns using eco-friendly components. The business is divided into two divisions: retail and wholesale.
Registrar Info
| Name | Cameo Corporate Services Limited |
| Phone number | +91-44-28460390 |
| Email ID | cameo@cameoindia.com |
| Website | ipo.cameoindia.com |
Contact Details
| Name | 7NR Retails Ltd |
| Phone number | +91-079-48901492 |
| Email ID | investors@7nrretailltd.in |
| Website | 7nrretailltd.in |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
