IPO

Shine Fashions (India) Ltd IPO

BSE SME

Listed On: Nov 3, 2020 at ₹ 40.0

₹ 120000 /3000 Shares

Check Allotment

IPO Details

22 Oct, 2020

Open Date

26 Oct, 2020

Close Date

30 Oct, 2020

Allotment Date

03 Nov, 2020

Listing Date

Issue Price

40/- Per Equity Share

Face Value

₹10 Per Equity Share 

Listing at Group

BSE SME

Registrar

Cameo Corporate Services Limited

List Price

40.0

Listing Date

2020-11-03

Market Lot

3000 Shares (₹1,20,000/-)

Lead Manager

Shreni Shares Private Limited

Issue Size

Fresh Issue of 3,99,000 Equity Shares of Rs 10/- at price of Rs 40/- with aggregating up to Rs 1.60 Cr

Retail Portion

N/A

Subscription

1.73 times

IPO Docs

DRHP RHP

IPO Subscription Details

As onQIB / NIIRetailTotal
Shares Offered / Reserved189,000189,000378,000
Day 1 - 22-10-20 5:00 PM0.86 x0.32 x0.59 x
Day 2 - 23-10-20 5:00 PM1.52 x0.81 x1.17 x
Day 3 - 26-10-20 5:00 PM1.83 x1.63 x1.73 x

Valuations

Earnings Per Share (EPS)

₹2.46/-

P/E Ratio

16.23

RoNW

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.

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- Promoter(s)


Company Promoter(s)

  1. Mr. Anish Anil Mehta
  2. Mr. Anil Zaverchand Mehta

IPO - Issue Objectives

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