7NR Retail Rights Issue will open for subscription from 06 September 2022. The company aims for an issue size of ₹16.34 Crores through this rights issue.
7NR Retail Limited
Incorporated in 2012, 7NR Retail Limited is engaged in the business of trading apparel in the Wholesale and Retail Segments. The company mainly deals in the business of Branding and selling ready-made garments, suiting-shirting, fabrics, and all other textile products. The company was formerly known as 7NR Retail Private Limited.
Objects of the Issue
- Working Capital Requirements.
- General Corporate Purposes.
Rights Issue Issue Timetable
| Bid/Offer Opens On | 06 September 2022 |
| Bid/Offer Closes On | 20 September 2022 |
| Record Date | 23 August 022 |
| Deemed Date of Allotment | 27 September 2022 |
| Renunciation of Rights Entitlements | 15 September 2022 |
Rights Issue Details
| Issue Open | Sep 6, 2022 – Sep 20, 2022 |
| Security Name | 7NR Retail Limited |
| Issue Size (Shares) | 116,695,000 |
| Issue Size (Amount) | ₹16.34 Crores |
| Issue Price | ₹1.4 per share |
| Face Value | ₹1 per share |
| Listing At | BSE |
| Terms of Payment | The full amount of Rs 1.40 per share has to be paid at the time of Application. |
| Entitlement | 1 Equity Share for every 1 Equity Share held on the Record Date |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 14.44 | 2.98 | -0.53 |
| 31-Mar-22 | 20.69 | 24.29 | 0.77 |
7NR Retail Rights Issue 2022 Lead Manager(s)
- IndusInd Bank Limited
7NR Retail Rights Issue 2022 Registrar
- Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/
Company Contact Information
7NR Retail Limited
Godown No-1, 234/1+234/2, FP-69/3,
Sadashiv Kanto, B/h Bajaj Process,
Narol Chokdi, Narol, Ahmedabad – 382 405
Phone: +91-97271 23838
Email: info@7nrretailltd.in
Website: https://www.7nrretailltd.in/index.html
Final thoughts
7NR Retail Rights Issue is going to open for subscription soon. applying for rights Issue is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
