7NR Retail IPO

7NR Retail IPO

7NR Retail IPO

7NR Retail is engaged in the business of trading of apparels in the wholesale and retail segments. The company is focused on providing distinctive, high quality and trusted products to consumers at right price. The company is an entrepreneur-driven and well managed organization focused on meeting consumer requirements for meeting their fashion and lifestyle requirements by offering products and services with the finest quality. The company deals in two segments as mentioned below:

Retail Segment – It is engaged in the business of trading in kids garments in the retail segment by retailing of brand “Gini & Jony”. With the increase in brand awareness in the customers there is demand in the retail sale of branded clothes under different brands. The company has entered into master franchise agreement dated March 01, 2017 with Gini &Jony Limited for operating in the state of Gujarat. Currently, it operates and manages four retail stores exclusively for kids apparel brand “Gini & Jony” across the state of Gujarat.

Wholesale Segment – 7NR Retail is into wholesale segment due to its cost-effectiveness against future inflation. It is engaged into wholesale trade of suiting and shirting, other textile products, trading in the kids garments which includes all types of uniforms and other fabrics on wholesale basis. The company is also planning to widen its presence in the whole sale market by including varied product range.

Promoters of 7NR Retail – Pinal Kanchanlal Shah, Riddhi Pinal Shah, Nutanben Jaykishan Patel

7NR Retail IPO details

Subscription Dates 5 – 10 July 2017
IPO Price band INR27 per share
Fresh issue 1,896,000 shares (INR5.12 crore)
Offer for sale Nil
Total IPO size 1,896,000 shares (INR5.12 crore)
Minimum bid (lot size) 4,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On BSE SME platform

7NR Retail’s financial performance (in INR lakh)

FY2013 FY2014 FY2015 FY2016 FY2017
Total revenue 7.5 501.8 512.5 345.1 1,142.4
Total expenses 7.0 525.7 516.0 371.6 1,101.8
Profit after tax 0.3 -15.9 -5.1 -30.2 37.5

7NR Retail Limited
B-207, Titanium City Centre, Nr. Sachin Tower,
Anand Nagar Road, Satellite,
Ahmedabad – 380 015

Phone: +91 79 4890 1492
Email: [email protected]
Website: www.7nrretailltd.in


Subscription (no. of times)

Day 1 0.92
Day 2 1.24
Day 3 1.36
Day 4 2.340


Earnings Per Share (EPS): INR1.22

Price/Earnings (P/E) ratio: 22.13

Return on Net Worth (RONW): 6.95%

Net Asset Value (NAV): INR10.62 per share

Cameo Corporate Services Limited
Subramanian Building, 1 Club House Road,
Chennai-600 002
Tamil Nadu, India

Phone: +91 44 2846 0390
Fax: +91 44 2846 0129
Email: [email protected]
Website: http://www.cameoindia.com

7NR Retail IPO allotment status is now available on Cameo Corporate Services’ website. Click on this link to get allotment status.

IPO Opening Date: 5 July 2017

IPO Closing Date: 10 July 2017

Listing Date: 18 July 2017

Listing Price on BSE SME: INR27 per share (no change from IPO price)

Closing Price on BSE SME: INR27 per share (no change from IPO price)



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