Fixed Price IPO | ₹2 Cr | Listed at BSE SME | Thu, Oct 22, 2020 - Mon, Oct 26, 2020
Shine Fashions IPO is a fixed price issue of ₹1.60 crores. The issue is entirely a fresh issue of 0.04 crore shares of ₹1.60 crore.
Shine Fashions IPO bidding started from Oct 22, 2020 and ended on Oct 26, 2020. The shares got listed on BSE SME on Nov 2, 2020.
Shine Fashions IPO price is ₹40 per share. The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,40,000.
Shreni Shares Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The Market Maker of the company is Shreni Shares Ltd..
Refer to Shine Fashions IPO RHP for detailed Information.
IPO Open
Thu, Oct 22, 2020
IPO Close
Mon, Oct 26, 2020
Issue Price
₹40 per share
Market Cap (Pre-IPO)
₹5.60 Cr
| IPO Date | 22 to 26 Oct, 2020 |
| Listed on | Mon, Nov 2, 2020 |
| Face Value | ₹10 per share |
| Issue Price | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 3,99,000 shares (agg. up to ₹2 Cr) |
| Reserved for Market Maker | 21,000 shares Shreni Shares Ltd. (agg. up to ₹0.0840 Cr) |
| Fresh Issue (Ex Market Maker) | 3,78,000 shares (agg. up to ₹2 Cr) |
| Net Offered to Public | 3,78,000 shares (agg. up to ₹2 Cr) |
| Share Holding Pre Issue | 10,00,000 shares |
| Share Holding Post Issue | 13,99,000 shares |
| BSE Script Code | 543244 |
| ISIN | INE0BLY01015 |
Shine Fashions IPO comprises a total issue size of 3,99,000 shares. The net offer to the public is 3,78,000 shares, after excluding 21,000 shares allotted on a firm basis. Of the Net offer 1,89,000 (50.00%) allocated to NII 1,89,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 1,89,000 | 50.00% | 47.37% |
| Retail Shares Offered | 1,89,000 | 50.00% | 47.37% |
| Firm Reservations | |||
| Market Maker Shares Offered | 21,000 | 5.26% | |
| Total Shares Offered | 3,99,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,20,000 |
| Retail (Max) | 1 | 3,000 | ₹1,20,000 |
| HNI (Min) | 2 | 6,000 | ₹2,40,000 |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet Working Capital requirements | 1.00 |
| 2 | General Corporate Purpose | 0.20 |
| 3 | To meet the Issue Expenses | 0.40 |
The Shine Fashions IPO is subscribed 1.73 times on October 26, 2020 6:49:03 PM (Day 4). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.83 | 1,89,000 | 3,45,000 |
| Retail | 1.63 | 1,89,000 | 3,09,000 |
| Total | 1.73 | 3,78,000 | 6,54,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees | 0.17 |
| 2 | Underwriting Commission | 0.08 |
| 3 | Market Making Charges for first year of Listing | 0.03 |
| 4 | Fees Payable to Registrar to the Issue | 0.01 |
| 5 | Fees Payable to Advertising and Marketing Expenses | 0.02 |
| 6 | Fees Payable to Regulators including Stock Exchanges | 0.03 |
| 7 | Payment for Printing & Stationery, Distribution, Postage, etc. | 0.02 |
| 8 | Others (Fees Payable to Auditor, Legal Advisors, Brokerage, Processing Fees and Miscellaneous Expenses) | 0.05 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹40.50 |
| Low | ₹38.50 |
| High | ₹40.50 |
| Last Trade | ₹39.55 |
Lead Manager Reports
Shine Fashions IPO is a SME IPO of 3,99,000 equity shares of the face value of ₹10 aggregating up to ₹2 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The IPO opens on Thu, Oct 22, 2020, and closes on Mon, Oct 26, 2020.
Cameo Corporate Services Ltd. 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 Thu, Oct 22, 2020 and closes on Mon, Oct 26, 2020.
Shine Fashions IPO lot size is 3000, and the minimum amount required for application is ₹1,20,000.
You can apply in Shine Fashions IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The Shine Fashions IPO listing date is on Mon, Nov 2, 2020.
