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October 22, 2020 - October 26, 2020

Shine Fashions IPO Review & Recommendations

Dilip Davda recommend to "Avoid" the IPO.

Shine Fashions IPO Review Summary from brokers and analysts

Review By Apply May Apply Neutral Avoid Not Rated
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Shine Fashions IPO Analysis By Brokers/Analysts

Reviewer Recommendation Past Reviews
Dilip Davda Avoid

Shine Fashions IPO Review by Dilip Davda (Avoid)

[Dilip Davda]  Non-impressive financial performance, minuscule working data (just for 9 month's) and the tiny equity raise concern. The issue is exorbitantly priced considering negative earnings for the two months of the ongoing fiscal. Investors may keep away from this company which is coming with a fully structured model of issue. Due to the structured model, the issue is likely to sail through. Read detail review...

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