Incorporated in 2012, 7NR Retail Limited is a very young company. The company engages itself primarily in the wholesale and retail business of apparel. Through this 7NR Retail Ltd IPO review, we will try to find the pros and cons of the issue.
About the issue – 7NR Retail Limited is coming up with an IPO, the details of which are given below.
- Issue opens on – July 05, 2017
- Issue Closes on – July 10, 2017
- Issue type – Fixed price IPO
- Face Value – Rs 10 for each equity share
- Issue price – Rs 27
- Lot size – 4000 and multiples thereof
- Issue size – 1,896,000 nos. of equity shares aggregating up to Rs 5.12 crores
- Listing Exchange – BSE SME
About the company – The company is an Ahmedabad, Gujarat based textile company engaged in wholesale and retail trading of apparels. The company owns a famous brand in kids segment. Gini & Jony is a very popular brand among kids. The retail business section of 7NR Retail Limited looks after the retail apparel chain across the country under the brand name of Gini & Jony, including earnings received from online retails.
The wholesale section of the company trades mainly in suiting and shirtings, uniform for kids and other textile products.
Company Financials –
The 7NR Retail Ltd IPO review finds that the 17 fiscal has been good for the company as per financial data. The adjusted EPS is Rs 0.74 in this fiscal.
Conclusion – 7NR Retail Ltd IPO review finds the following pros and cons from financial data.
Pros – In fiscal 17 the company is performing well. The net profit has increased. The net cash flow is also positive. Net sales have been doubled from previous years.
Cons – The company, in all previous fiscals has been making losses. Though net sales increased, there has been negative cash flows in the past.
7NR Retail Ltd IPO review maintains neutral view on this IPO and suggest users to use our last day IPO picking technique.
Disclaimer – Views expressed in this review is an educated guess made on the basis of available data from open source expressed for the purpose of knowledge sharing. By no means, it should be taken as an investment advice or recommendation. Investor/ trader should invest money at their own risk.
Partha, an engineer by education, is theoratically actively following the stock and commodity markets since 1990. He is an active trader since 2003. He has received formal education in future and options and quantum analysis. He is presently working on research oriented projects using Python and data analytics.