Shine Fashions IPO vs Sigma Solve IPO

Comparision between Shine Fashions IPO and Sigma Solve IPO.

IPO Details

Shine Fashions IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Sigma Solve IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Shine Fashions IPO	Sigma Solve IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Shreni Shares Limited	Beeline Broking Ltd
Registrar	Cameo Corporate Services Limited	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Shine Fashions IPO is up to ₹1.60 Cr whereas the issue size of the Sigma Solve IPO is up to ₹4.95 Cr. The final issue price of Shine Fashions IPO is ₹40.00 per share and of Sigma Solve IPO is ₹45.00 per share.

	Shine Fashions IPO	Sigma Solve IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹40.00 per share	₹45.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	3000 shares
Fresh Issue Size	3,99,000 shares
Fresh Issue Size (Amount)	up to ₹1.60 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	3,99,000 shares	11,01,000 shares
Issue Size Total (Amount)	up to ₹1.60 Cr	up to ₹4.95 Cr

IPO Timetable

Shine Fashions IPO opens on Oct 22, 2020, while Sigma Solve IPO opens on Sep 29, 2020. The closing date of Shine Fashions IPO and Sigma Solve IPO is Oct 26, 2020, and Oct 09, 2020, respectively.

	Shine Fashions IPO	Sigma Solve IPO
Anchor Bid Date
Issue Open	Oct 22, 2020	Sep 29, 2020
Issue Close	Oct 26, 2020	Oct 09, 2020
Basis Of Allotment (Tentative)		Oct 14, 2020
Initiation of Refunds (Tentative)		Oct 15, 2020
Credit of Share (Tentative)		Oct 15, 2020
Listing date (Tentative)		Oct 19, 2020
Anchor Lockin End date 1		Nov 13, 2020
Anchor Lockin End date 2		Jan 12, 2021

Financials

Shine Fashions IPO P/E ratio is , as compared to Sigma Solve IPO P/E ratio of .

Shine Fashions IPO

Sigma Solve IPO

Financial

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

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (Rs in Lacs)
	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	498.25	226.25	112.17
Total Revenue	568.83	348.79	257.47
Profit After Tax	65.02	34.57	23.36

Promoter Shareholding (Pre-Issue)

99.98%

100%

Promoter Shareholding (Post-Issue)

73.24%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Shine Fashions IPO retail investors (RII) are offered 1,89,000 shares while in Sigma Solve IPO retail investors are offered 1,89,000 shares. Qualified institutional buyers (QIB) are offered in Shine Fashions IPO and in Sigma Solve IPO.

	Shine Fashions IPO	Sigma Solve IPO
Anchor Investor Reserveration
Market Maker Reserveration	21,000 shares	57,000 shares
QIB
NII	1,89,000 shares	5,22,000 shares
RII	1,89,000 shares	5,22,000 shares
Employee
Others
Total	3,78,000 shares	10,44,000 shares

Bids Received (Subscription)

Shine Fashions IPO subscribed 1.73x in total, whereas Sigma Solve IPO subscribed 1.59x.

	Shine Fashions IPO	Sigma Solve IPO
QIB (times)
NII (times)	1.83x	1.09x
Big NII (times)
Small NII (times)
RII (times)	1.63x	2.09x
Employee (times)
Other (times)
Total (times)	1.73x	1.59x

Compare with others

Shine Fashions IPO	Sigma Solve IPO
ADJIA Technologies IPO	Net Pix Shorts IPO
Pavna Industries IPO	Shine Fashions IPO
Party Cruisers IPO	Bodhi Tree Multimedia IPO
MRP Agro IPO	Atal Realtech IPO
Net Pix Shorts IPO	AAA Technologies IPO
Bodhi Tree Multimedia IPO	Veer Global Infraconstruction IPO
Atal Realtech IPO	GM Polyplast IPO
AAA Technologies IPO	Atam Valves SME IPO
Sigma Solve IPO	SecMark SME IPO
Veer Global Infraconstruction IPO	Advait Infratech SME IPO

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