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

October 22, 2020 - October 26, 2020

Shine Fashions IPO is a fixed price issue of Rs 1.60 crores. The issue is entirely a fresh issue of 3.99 lakh shares.

Shine Fashions IPO bidding started from October 22, 2020 and ended on October 26, 2020. The shares got listed on BSE SME on November 2, 2020.

Shine Fashions IPO price is ₹40 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹120,000.

Shreni Shares Limited is the book running lead manager of the Shine Fashions IPO, while Cameo Corporate Services Limited is the registrar for the issue.

Refer to Shine Fashions IPO RHP for detailed information.

Shine Fashions IPO Details

IPO Date October 22, 2020 to October 26, 2020
Listing Date November 2, 2020
Face Value ₹10 per share
Price ₹40 per share
Lot Size 3000 Shares
Total Issue Size399,000 shares
(aggregating up to ₹1.60 Cr)
Fresh Issue399,000 shares
(aggregating up to ₹1.60 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion21,000 shares

Shine Fashions IPO Reservation

Shine Fashions IPO offers 399,000 shares. 189,000 (47.37%) to NII, 189,000 (47.37%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered21,000 (5.26%)
Other Shares Offered189,000 (47.37%)
Retail Shares Offered189,000 (47.37%)
Total Shares Offered399,000 (100%)

Shine Fashions IPO Lot Size

Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

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

Shine Fashions IPO Promoter Holding

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

Share Holding Pre Issue 99.98%
Share Holding Post Issue

About Shine Fashions (India) Ltd

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 (Shine Fashions IPO Objectives)

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 Review (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...


Shine Fashions IPO Subscription Status (Bidding Detail)

The Shine Fashions IPO is subscribed 1.73 times on October 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)
Other1.83
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 Details

Listing Date November 2, 2020
BSE Script Code 543244
NSE Symbol
ISIN INE0BLY01015
Final Issue Price ₹40 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹40.00
₹40.50
₹38.50
₹40.50
₹39.55

Check IPO Performance…

Shine Fashions (India) Ltd Contact Details

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 - Buy or Not

Shine Fashions IPO Recommendation Summary

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

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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 October 22, 2020, and closes on October 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 October 22, 2020 and closes on October 26, 2020.

Shine Fashions IPO lot size is 3000 Shares, and the minimum amount required is ₹120,000.

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, Nuvama, 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 November 2, 2020.
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Shine Fashions IPO Message Board

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8 Comments

8. P Patel |   Link |  Bookmark |December 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 |  Bookmark |November 23, 2020 4:53:28 PM
IPO Guru IPO Guru (2500+ Posts, 2700+ Likes)
AVOID
6. IPO Electrifying |   Link |  Bookmark |October 24, 2020 9:48:19 AM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
Strictly avoided.
5. Dheeraj Luthra |   Link |  Bookmark |October 22, 2020 6:17:26 PM
Hello Experts,
Can anyone calculate the estimated listing price?
4. MR. KUMAR |   Link |  Bookmark |October 22, 2020 10:15:12 AM
A big avoid
3. IPO Masterr |   Link |  Bookmark |October 20, 2020 7:45:12 PM
Clear AVOID
2. Valueinvestors |   Link |  Bookmark |October 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 |  Bookmark |October 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.