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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 ₹40.00 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). The minimum lot size investment for 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 Date | October 22, 2020 to October 26, 2020 |
| Listing Date | November 2, 2020 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 3,99,000 shares (aggregating up to ₹1.60 Cr) |
| Reserved for Market Maker | 21,000 shares Shreni Shares Ltd. (aggregating up to ₹0.0840 Cr) |
| Net Offered to Public | 3,78,000 shares (aggregating up to ₹1.51 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 10,00,000 shares |
| Share Holding Post Issue | 13,99,000 shares |
Shine Fashions IPO offers total 3,99,000 shares. Out of which 1,89,000 (47.37%) allocated to NII, 1,89,000 (47.37%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 21,000 (5.26%) |
| NII (HNI) Shares Offered | 1,89,000 (47.37%) |
| Retail Shares Offered | 1,89,000 (47.37%) |
| Total Shares Offered | 3,99,000 (100.00%) |
Shine Fashions IPO opens on October 22, 2020, and closes on October 26, 2020.
| IPO Open Date | Thu, Oct 22, 2020 |
| IPO Close Date | Mon, Oct 26, 2020 |
| Tentative Listing Date | Mon, Nov 2, 2020 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Oct 26, 2020 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - 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 Company Shine Fashions IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To meet Working Capital requirements | 1.00 |
| 2 | General Corporate Purpose | 0.20 |
| 3 | To meet the Issue Expenses | 0.40 |
[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...
| Listing Date | November 2, 2020 |
| BSE Script Code | 543244 |
| NSE Symbol | |
| ISIN | INE0BLY01015 |
| Final Issue Price | ₹40 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹40.50 |
| Low | ₹38.50 |
| High | ₹40.50 |
| Last Trade | ₹39.55 |
Shine Fashions (India) Ltd.
Office no. 605, 6th floor, Marathon Chamber, P.K
Panch Rasta,
Mulund West,
Mumbai, Maharashtra, 400080
Phone: 022-2593 9522
Email: shinefashionscs@gmail.com
Website: http://www.amfabrics.in/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Shine Fashions IPO is a SME IPO of 3,99,000 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.
The IPO opens on October 22, 2020, and closes on October 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 October 22, 2020 and closes on October 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 Monday, November 2, 2020.
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