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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 Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (Rs 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

Shine Fashions IPO Date Oct 22, 2020 to Oct 26, 2020
Shine Fashions IPO Face Value ₹10 per share
Shine Fashions IPO Price ₹40 per share
Shine Fashions IPO Lot Size 3000 Shares
Issue Size399,000 shares of ₹10
(aggregating up to ₹1.60 Cr)
Fresh Issue399,000 shares of ₹10
(aggregating up to ₹1.60 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

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

Shine Fashions IPO Lot Size

The Shine Fashions IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹120,000).

Application Lots Shares Amount
Retail (Min) 1 3000 ₹120,000
Retail (Max) 1 3000 ₹120,000

Shine Fashions IPO Promoter Holding

Pre Issue Share Holding 99.98%
Post Issue Share Holding

Shine Fashions IPO Review

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...


Shine Fashions IPO Subscription Status (Bidding Detail)

The Shine Fashions IPO is subscribed 1.73 times on Oct 26, 2020 6:49:03 PM. The public issue subscribed 1.63 times in the retail category, times in the QIB category, and 1.83 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII1.83
Retail1.63
Total1.73

Shine Fashions IPO Prospectus

Shine Fashions IPO Rating

65
3.4
Rating:Rated 3.4 stars
Vote Here ...

Shine Fashions IPO Listing Date

Listing Date Monday, November 2, 2020
BSE Script Code 543244
NSE Symbol
Listing In MT Group of Securities
ISIN INE0BLY01015
IPO Price ₹40 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹40.00
₹40.50
₹38.50
₹40.50
₹39.55

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

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

Shine Fashions IPO Review

Shine Fashions IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 0

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IPO Broker Recommendations

Shine Fashions IPO FAQs

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 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.

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.

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

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

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.

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.

The Shine Fashions IPO listing date is on Monday, November 2, 2020.
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Shine Fashions IPO Message Board

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8 Comments

8. P Patel |   Link |Dec 7, 2020 12:20:28 PM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
Supplies to both Burger King and McDonald
7. Chem cho |   Link |Nov 23, 2020 4:53:28 PM
IPO Guru IPO Guru (2400+ Posts, 2600+ Likes)
AVOID
6. IPO Electrifying |   Link |Oct 24, 2020 9:48:19 AM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
Strictly avoided.
5. Dheeraj Luthra |   Link |Oct 22, 2020 6:17:26 PM
Hello Experts,
Can anyone calculate the estimated listing price?
4. MR. KUMAR |   Link |Oct 22, 2020 10:15:12 AM
A big avoid
3. IPO Masterr |   Link |Oct 20, 2020 7:45:12 PM
Clear AVOID
2. Valueinvestors |   Link |Oct 20, 2020 4:43:39 PM
Interlining Business has good scope it doesnt have limited life compare to textile industry.
looking at young Management and growing business, shud bet on ths for long term investment..
Basic Requirement for value investing is Moat of business + Strength of Promoter
1. IPOANALYSIS |   Link |Oct 20, 2020 10:44:06 AM
Textile sector small ones are almost finished. Surprised to see that the IPo is coming just to garner public money. Don't ever dare to look into this.