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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.
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 Size | 399,000 shares (aggregating up to ₹1.60 Cr) |
Fresh Issue | 399,000 shares (aggregating up to ₹1.60 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | BSE SME |
Share holding pre issue | 1,000,000 |
Share holding post issue | 1,399,000 |
Market Maker portion | 21,000 shares |
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 Offered | 21,000 (5.26%) |
Other Shares Offered | 189,000 (47.37%) |
Retail Shares Offered | 189,000 (47.37%) |
Total Shares Offered | 399,000 (100%) |
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 |
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 |
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
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 |
The key objectives of the IPO are the following:
[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...
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)
Category | Subscription (times) |
---|---|
Other | 1.83 |
Retail | 1.63 |
Total | 1.73 |
Listing Date | November 2, 2020 |
BSE Script Code | 543244 |
NSE Symbol | |
ISIN | INE0BLY01015 |
Final Issue Price | ₹40 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE SME |
---|
₹40.00 |
₹40.50 |
₹38.50 |
₹40.50 |
₹39.55 |
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/
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
SME Company Owners
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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
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.
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