Shine Fashions (India) Ltd IPO
BSE SMEListed On: Nov 3, 2020 at ₹ 40.0
₹ 120000 /3000 Shares
Check AllotmentIPO Details
22 Oct, 2020
Open Date26 Oct, 2020
Close Date30 Oct, 2020
Allotment Date03 Nov, 2020
Listing DateIssue Price
40/- Per Equity ShareFace Value
₹10 Per Equity ShareListing at Group
BSE SMERegistrar
Cameo Corporate Services LimitedList Price
40.0Listing Date
2020-11-03Market Lot
3000 Shares (₹1,20,000/-)Lead Manager
Shreni Shares Private LimitedIssue Size
Fresh Issue of 3,99,000 Equity Shares of Rs 10/- at price of Rs 40/- with aggregating up to Rs 1.60 CrRetail Portion
N/ASubscription
1.73 timesIPO Subscription Details
As on | QIB / NII | Retail | Total |
---|---|---|---|
Shares Offered / Reserved | 189,000 | 189,000 | 378,000 |
Day 1 - 22-10-20 5:00 PM | 0.86 x | 0.32 x | 0.59 x |
Day 2 - 23-10-20 5:00 PM | 1.52 x | 0.81 x | 1.17 x |
Day 3 - 26-10-20 5:00 PM | 1.83 x | 1.63 x | 1.73 x |
Valuations
Earnings Per Share (EPS)
₹2.46/-P/E Ratio
16.23RoNW
10.37%Net Asset Value (NAV) - Post Issue
₹34.23/-Company Financials All values are in ₹ Cr.
About The Company
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.
- Promoter(s)
Company Promoter(s)
- Mr. Anish Anil Mehta
- Mr. Anil Zaverchand Mehta
IPO - Issue Objectives
- To meet the working capital requirements.
- To meet general corporate expenses.
- To meet issue expenditures.
IPO - FAQs
Ans. Shine Fashions (India) Ltd IPO is a SME IPO. 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.
Ans. The Shine Fashions (India) Ltd IPO opens on Oct 22, 2020 and closes on Oct 26, 2020.
Ans. The size of Shine Fashions (India) Ltd IPO is Fresh Issue of 3,99,000 Equity Shares of Rs 10/- at price of Rs 40/- with aggregating up to Rs 1.60 Cr.
Ans. The IPO price band is set between 40/- Per Equity Share .
Ans. To apply for Shine Fashions (India) Ltd IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Shine Fashions (India) Ltd IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Shine Fashions (India) Ltd IPO is Oct 30, 2020.
Ans. The Shine Fashions (India) Ltd IPO will be listed on Nov 3, 2020.
Ans. Follow the steps to check the allotment status for Shine Fashions (India) Ltd IPO here.