Shine Fashions (India) Ltd IPO (Shine Fashions IPO) Detail

Oct 22, 2020 - Oct 26, 2020

Incorporated in 2019, Shine Fashions (India) Ltd is one of the leading importers and suppliers of Microdot Fusible Interlinings. The company is primarily engaged in supplying, trading, and importing of non-woven interlining fabrics, woven interlining fabrics, and microdot fusible interlinings. It offers a diversified range of products such as Cap Interlinings, Woven Stretch Interlining, Hot Web Adhesive, Tricot, Cotton Fusible Interlinings, and Trafetta.

Business sources products from reliable manufacturers and supply goods in bulk to customers in different sizes to cater to diverse customers' requirements. The company produces the best quality of fabrics, for which, it has various departments at its infrastructure facilities such as testing, quality control, packaging, and others.

Competitive strength

  • Experienced promoters and a well-trained employee base.
  • Strong relationship with suppliers.
  • Quality standard and assurance
  • Strong geographical reach

Company Promoters:

Mr. Anish Anil Mehta and Mr. Anil Zaverchand Mehta are the promoters of the company.

Company Financials:

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in lakhs)
31-Dec-19
Total Assets 447.27
Total Revenue 511.83
Profit After Tax 42.21

Objects of the Issue:

The key objectives of the IPO are the following:

  1. To meet the working capital requirements.
  2. To meet general corporate expenses.
  3. To meet issue expenditures.

Shine Fashions IPO Details

IPO DateOct 22, 2020 - Oct 26, 2020
Issue TypeFixed Price Issue IPO
Issue Size399,000 Eq Shares of ₹10
(aggregating up to ₹1.60 Cr)
Fresh Issue399,000 Eq Shares of ₹10
(aggregating up to ₹1.60 Cr)
Face Value₹10 per equity share
IPO Price₹40 per equity share
Market Lot3000 Shares
Min Order Quantity3000 Shares
Listing AtBSE SME

Shine Fashions IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum13000₹120,000
Maximum13000₹120,000

Shine Fashions IPO Promoter Holding

Pre Issue Share Holding99.98%
Post Issue Share Holding

Shine Fashions IPO Subscription Status (Bidding Detail)

DateNII RII Total

Oct 26, 2020 18:49

1.83x

1.63x

1.73x

Shine Fashions IPO Prospectus

Shine Fashions IPO Rating

65
3.4
Rating:Rated 3.4 stars

Vote Here ...

Shine Fashions IPO Listing Date

Listing DateWednesday, December 2, 2020
BSE Script Code543244
NSE Symbol
Listing InMT
ISININE0BLY01015
IPO Price₹40 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE SME
₹40.00
₹40.50
₹38.50
₹40.50
₹39.55
24,000

Shine Fashions IPO Reviews / Ratings

Company Contact Information

Shine Fashions (India) Ltd
Office no. 605, 6th floor, Marathon Chamber, P.K
Panch Rasta, Mulund West
Mumbai-400080

Phone: 022-2593 9522
Email: shinefashionscs@gmail.com
Website: http://www.amfabrics.in/

Shine Fashions IPO Registrar

Cameo Corporate Services Limited
   Cameo Corporate Services Ltd.,
   Subramanian Building # 1, Club House Road,
   Chennai 600 002 - India

Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://online.cameoindia.com/

Shine Fashions IPO FAQs

  1. What is Shine Fashions IPO?

    Shine Fashions IPO is a SME IPO of 399,000 equity shares of the face value of ₹10 aggregating up to ₹1.60 Crores. The issue is priced at ₹40 per equity share. The minimum order quantity is 3000 Shares.

    The IPO opens on Oct 22, 2020, and closes on Oct 26, 2020.

    Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

  2. How to apply in Shine Fashions IPO through Zerodha?

    Zerodha customers can apply online in Shine Fashions IPO using UPI as a payment gateway. Zerodha customers can apply in Shine Fashions IPO by login into Zerodha Console (back office) and submitting an IPO application form.

    Steps to apply in Shine Fashions IPO through Zerodha

    1. Visit the Zerodha website and login to Console.
    2. Go to Portfolio and click the IPOs link.
    3. Go to the 'Shine Fashions IPO' row and click the 'Bid' button.
    4. Enter your UPI ID, Quantity, and Price.
    5. ‘Submit’ IPO application form.
    6. Visit the UPI App (net banking or BHIM) to approve the mandate.

    Visit Zerodha IPO Application Process Review for more detail.

  3. When Shine Fashions IPO will open?

    The Shine Fashions IPO opens on Oct 22, 2020 and closes on Oct 26, 2020.

  4. What is the lot size of Shine Fashions IPO?

    Shine Fashions IPO lot size is 3000 Shares and the minimum order quantity is 3000 Shares.

  5. How to apply for Shine Fashions IPO?

    You can apply in Shine Fashions IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

  6. When Shine Fashions IPO allotment?

    The finalization of Basis of Allotment for Shine Fashions IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Shine Fashions IPO allotment status.

  7. When is Shine Fashions IPO listing date?

    The Shine Fashions IPO listing date is on Wednesday, December 2, 2020.

Shine Fashions IPO Message Board

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