7NR Retail is coming out with an initial public offering (IPO) of 18,96,000 equity shares of face value of Rs 10 each for cash at a fixed price of Rs 27 per equity share. The issue opens on July 05, 2017 and will close on July 10, 2017. The shares will be listed on BSE SME Platform.
The company will use the issue proceeds for meeting working capital requirement and meeting public issue expenses.
The book running lead managers to the issue is Guiness Corporate Advisors, while the compliance officer for the issue is Shaili Samir Mehta.
The company is 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.
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