IPO Issue Details
Issue Price / Price Band₹27 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size4,000 Shares per Lot
Total Issue Size18,96,000 shares (aggregating up to ₹5.12 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenWed, 05 Jul 2017
Subscription CloseMon, 10 Jul 2017
Anchor AllotmentTue, 04 Jul 2017
Basis of AllotmentSun, 16 Jul 2017
Initiation of RefundsMon, 17 Jul 2017
Credit of Shares to DematMon, 17 Jul 2017
Listing DateTue, 18 Jul 2017
UPI Mandate Deadline2017-06-10
Application & Investment Details
Retail — Min (1 Lots)₹1,08,000 — 4,000 shares
Retail — Max (13 Lots)₹1,404,000 (13 Lots)
HNI — Min (2 Lots)₹2,16,000 — 8,000 shares
Net Offer to Public18,00,000 shares (aggregating up to ₹4.86 Cr)
Reserved for Market Maker96,000 shares (aggregating up to ₹0.2592 Cr)
Pre-IPO Promoter Holding50,87,000 shares
Post-IPO Promoter Holding69,83,000 shares
About 7NR Retail 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 Retail Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
To meet the working capital requirement
4.82
2
To meet the Issue Expenses
0.30
Shareholding & Lock-in
Pre-IPO Promoter Holding
50,87,000 shares
Post-IPO Promoter Holding
69,83,000 shares