7NR Retails IPO Basis of Allotment

7NR RETAIL LIMITED
Corporate Identity Number: U52320GJ2012PLC073076

Our Company was originally incorporated on December 21, 2012, as 7NR, Retail Private Limited' as a private limited company under the provisions of the Companies Act, 1956 with the Registrar of Companies, Gujarat Dadra and Nagar Haveli. Thereafter; our Company was converted into a public limited Company and accordingly the name of our Company was changed to '7NR Retail Limited' pursuant to a special resolution passed by our Shareholders at the EGM held on March 11, 2017. A fresh certificate of incorporation consequent upon conversion to public limited company was issued on March 22, 2017 by Registrar of Companies, Ahmedabad. Gujarat. For further details of our Company, please refer to the chapter titled 'History and Certain Other Corporate Matters' on page 75 of the Prospectus.

Registered Office: B-207, Titanium City Centre. Mr. Sachin Tower, Anand Nagar Road, Satellite, Ahmedabad - 380 015 Gujarat | Tel: +91-079-48901492
Email: cs@7nrretailltd.in ; investors@7nrretailltd.in  | Website: www.7nrretailltd.in | Contact Person: Ms. Shaili Samir Mehta. Company Secretary and Compliance Officer

PROMOTERS OF OUR COMPANY: MR. PINAL KANCHANLAL SHAH, 
MRS. RIDDHI PINAL SHAH, MRS. NUTANBEN JAYKISHAN PATEL

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 18,96,000 EQUITY SHARFS OF FACE VALUE OF RS 10.00 EACH OF 7NR RETAIL LIMITED ('THE COMPANY' OR 'THE ISSUER') FOR CASH AT A PRICE OF RS 27.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 17.00 PER EQUITY SHARE) (''ISSUE PRICE') AGGREOATfNG TO RS 511.92 LAKHS ('THE ISSUE'} OF WHICH 96,000 EQUITY SHARES AGGREGATING TO RS 25.92 LAKHS RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE ('MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 18,00,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH AT AN ISSUE PRICE OF RS 27.00 PER EQUITY SHARE AGGREGATING TO RS 486 00 LAKHS IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE''. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.15% AND 25.78%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY FOR FURTHER DETAILS. PLEASE REFER ''TERMS OF THE ISSUE' ON PAGE 152 OF THE PROSPECTUS

THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER XB OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS. 2009 (THE SEBI ICDR REGULATIONS'), AS AMENDED. THIS ISSUE IS A FIXED PRICE ISSUE AND ALLOCATION IN THE NET ISSUE TO THE PUBLIC MADE IN TERMS OF REGULATION 43(4) OF THE SEBI (ICDR) REGULATIONS, 2009, AS AMENDED. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED 'ISSUE PROCEDURE' BEGINNING ON PAGE 159 OF THE PROSPECTUS.

THE FACE VALUE OF THE EQUITY SHARES IS RS 10.00 EACH AND
THE ISSUE PRICE OF RS 27.00 IS 2.7 TIMES OF THE FACE VALUE

ISSUE OPENED ON WEDNESDAY, JULY 05, 2017 AND CLOSED ON MONDAY, JULY 10, 2017.

The Equity Shares offered through the Prospectus are proposed to be listed on the SME Platform of BSE Limited. In terms of the Chapter XB of the SEBI (ICDR) Regulations, as amended , from time to tim, our Company has received an approval letter dated June 16, 2017 from BSE Limited ('BSE') for using its name in the Prospectus for listing of our shares on the SME paltform of BSE Limited. For tthe purpose of the issue, the designated Stock Exchange will is BSE. The trading is proposed to be commenced on or about July 18, 2017*.

*Subject to receipt of listing and trading approvals From BSE Limhed.

All Applicants were allowed to participate in the Issue through Application Supported by Blocked Amount ('ASBA') process by providing the details of the respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the 'SCSBs')

SUBSCRIPTION DETAILS.

The Issue has received 773 applications for 32,72,000 Equity Shares (Before Technical Rejections but after invalid bids and bids not banked/blocked) (including Market Maker Application of 96,000 Equity Shares) resulting In 1.73 times subscription. After considering, a Technical Rejection case, the issue was subscribed 1.70 times (inducting the Market Maker Portion). The details of the applications received in the issue (before technical rejections) are as follows:

Detail of the Applications Received (Beforc Technical Rejection):

The details of applications rejected by the Registrar on technical grounds (Including withdrawal are detailed below:

After eliminating technically rejected applications, the following tables give us category wise net valid appiicalions:

ALLOCATION: The Basis of Allotment was finalized in consultation with theDesignated Stock Exchange - BSE Limited on July 13, 2017.

A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the Issue price of Rs 27 per Equity Share, was finalised in consultation with BSE. The category was subscribed by l.00 time. The total number of shares allotted in this category are 96,000 Equity shares.

B. Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail individual Investors, at the issue price of Rs 27 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.74 times, Total number of shares allotted in this category is 17,40,000 Equity Shares to 435 successful applicants.

The category wise details of the Basis of Allotment are as under:

C. Allocation to Other than Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to Other than Retail Individual investors, at the issue price of Rs 27 per Equity Share, was linalized in consultation with BSE. The category was subscribed by 1.80 times. Total number of shares allotted in this category is 60,000 Equity Shares to 5 successful applicants.
The category wise basis of allotment is as under:

The Board of Directors of the Company at its meeting held on July 13, 2017 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz BSF and has authorized the corporate action for allotment of shares in dematerialized form to various successful applicants.

The CAN and allotment advice and/or rejection letters are being dispatched to the address of the Applicants as registered with the depositories / as filled in the application form on, July 14, 2017. Further, the instructions to Self Certilied Syndicate Banks being processed on July 13, 2017, In case the same is not received within prescribed time, investors may contact at the address given below. The Equity Shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is taking steps to get the Equity Shares admitted for trading on the SME Ptattorm of BSE Limited wilhin six working days from the date of the closure of the Issue.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated June 23,2017 ('Prospectus')

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue CAMEO CORPORATE SERVICES LIMITED at www.cameoindia.com , All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole applicants, serial number of the Application form, number of shares applied for and Bank Branch where the application had been lodged and payment details at the address of the Registrar given below:

CAMEO CORPORATE SERVICES LIMITED
Subramanian Building, 1 Club House Road. Chennai-600 002. | Tel: +91 44 2846 0390/ 1989 | Fax: +91 44 2846 0129
Email: cameo@cameoindia.com | Website: www.cameoindia.com | Contact Person: Mr R D. Ramasamy | SEBI Registration No: INR000093753