Comparison between Shine Fashions IPO and Sigma Solve IPO.
Shine Fashions IPO is a SME Fixed Price IPO proposed to list at BSE SME while Sigma Solve IPO is a SME Fixed Price 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 | Fixed Price |
| Listing At | BSE SME | NSE SME |
| Lead Managers | Shreni Shares Ltd. | Beeline Broking Ltd. |
| Registrar | Cameo Corporate Services Ltd. | MUFG Intime India Pvt.Ltd. |
| Market Maker | Shreni Shares Ltd. | Nikunj Stock Brokers Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Shine Fashions IPO is up to ₹1.51 Cr whereas the issue size of the Sigma Solve IPO is up to ₹4.70 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) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 3000 shares | 3000 shares |
| Fresh Issue Size | 3,78,000 shares | 10,44,000 shares |
| Fresh Issue Size (Amount) | up to ₹1.51 Cr | up to ₹4.70 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 3,78,000 shares | 10,44,000 shares |
| Issue Size Total (Amount) | up to ₹1.51 Cr | up to ₹4.70 Cr |
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) | Nov 02, 2020 | Oct 19, 2020 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Shine Fashions IPO P/E ratio is , as compared to Sigma Solve IPO P/E ratio of .
| Shine Fashions IPO | Sigma Solve IPO | |||||
|---|---|---|---|---|---|---|
| Financials | Company Financials ()
| Company Financials ()
| ||||
| Promoter Shareholding (Pre-Issue) | 99.98 | 100 | ||||
| Promoter Shareholding (Post-Issue) | 73.24 | |||||
| P/E Ratio | ||||||
| Market Cap | ₹5.60 Cr. | ₹18.50 Cr. | ||||
| ROE | ||||||
| ROCE | ||||||
| Debt/Equity | ||||||
| EPS | ||||||
| RoNW |
In the Shine Fashions IPO Retail Individual 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 Reservation | ||
| Market Maker Reservation | 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 |
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 |
