SME IPO Status: Closed [22nd Oct 2020 to 26th Oct 2020]
Shine Fashions (India) Ltd SME IPO will be open for subscription on 22th Oct 2020 and closes on 26th Oct 2020. Shine Fashions IPO is a fixed price IPO that is available at Rs. 40 per share and IPO lot size is 3000 shares and multiple of it. The IPO price is 4 times of the face value of share. Scroll down the page further to get Shine Fashions IPO Review including business overview, IPO objective, strength, weakness, company financials, IPO Price and lot, important dates, GMP and much more.
Shine Fashions Ltd, the Mumbai--based company is engaged in importing, trading, and supplying fabric products. Company's product portfolio includes Non-Woven Interlining, Cotton Fusible Interlining, Hot Web Adhesive, Tricot, Cap Interlining, Woven stretch Interlining, and Trafetta. The firm manufactures interlining products in different sizes to meet diversified capital requirements of the business.
The company maintains the high product quality standards through quality control, testing, and safe and tight product packaging. Its infrastructure is well-equipped with modernize equipment and technology to deliver the finest quality of fabric to customers.
The net proceeds from the Shine Fashions IPO will be used towards the following objectives:
Shine Fashions SME IPO details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.
|Shine Fashions Issue Details||Values|
|SME IPO Issue Type||Fixed price IPO|
|SME IPO Issue Size||399000 shares at ₹40 per share (Aggregating to Rs. ₹159.60 Lakh)|
|Face Value||₹10 Per Equity Share|
|SME IPO Issue Price||₹40|
|SME IPO Discount||NA|
|Market Lot||3000 Shares|
|Min Retail Qty||3000 shares (1 lot)|
|Max Retail Qty||3000 shares (1 lot)|
|Promoter Holding Pre IPO||99.98%|
|Promoter Holding Post IPO|
|IPO Listing At||BSE SME|
The table below is live update of SME IPO bidding details from NSE and BSE.
|# of Shares Offered||189,000||189,000||378,000||1||22nd Oct 2020 18:51||0.86x||0.32x||0.59x||2||23rd Oct 2020 18:52||1.52x||0.81x||1.17x||3||26th Oct 2020 00:01||1.52x||0.81x||1.17x||4||26th Oct 2020 18:51||1.83x||1.63x||1.73x|
Past performance and financial results of Shine Fashions.
|Shine Fashions IPO Financials||31-Dec-2019|
|Total Assets||₹447.27 Lakh|
|Total Income||₹511.83 Lakh|
|Net Profit/Loss||₹42.21 Lakh|
In this section we have covered all important dates related to Shine Fashions SME IPO. Dates are updated as they are announced. The most noted dates are SME IPO start date and SME IPO end date, which one should use to participate in SME IPO.
|SME IPO Activity||Date|
|SME IPO Issue Open Date||22nd Oct 2020|
|SME IPO Issue Close Date||26th Oct 2020|
|Basis of Allotment Finalisation Date*||Not Yet Announced|
|Refunds Initiation*||Not Yet Announced|
|Credit of Shares to Demat Account*||Not Yet Announced|
|SME IPO Listing Date*||Not Yet Announced|
* - Tentative Dates
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Shine Fashions SME IPO Draft Prospectus >>Document
Shine Fashions SME IPO Red Herring Prospectus >>Shine Fashions SME IPO Red Herring Prospectus is not yet available.
Shine Fashions SME IPO Allotment Status >>Shine Fashions SME IPO Allotment is not declared yet, we will provide the link for status once allotment is out.
Last Updated on 2020-11-03T22:13:19+00:00
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Shine Fashions SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Shine Fashions SME IPO with Zerodha.
Alternate approch to apply in Shine Fashions SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
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To subscribe or apply in Shine Fashions SME IPO, you can use the following methods:
|Shine Fashions SME IPO Applying Mode||Method||Details|
|Online Application||3-in-1 Trading Account|
If your broker is 3-in-1 service provider, you can apply in Shine Fashions SME IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.
|Online Application||2-in-1 Trading Account|
Brokers like Zerodha, TradeSmart Online provides access to applying in Shine Fashions SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.
This is one of the most popular mode of applying in Shine Fashions SME IPO. Most of the Syndicate Banks provide access to apply in Shine Fashions IPO via ASBA process. You must have your net banking access, DP ID information to apply in Shine Fashions SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.
|Offline Application||Physical Form|
You can apply in Shine Fashions SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.
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Shine Fashions SME IPO Application is not yet available.
Shine Fashions SME IPO is going to be list on TBD.
Other relevant questions:When Shine Fashions SME IPO will be listing? Shine Fashions SME IPO listing date?Shine Fashions SME IPO date of listing
Shine Fashions SME IPO Allotment Date is TBD.
Other relevant questions:Shine Fashions SME IPO share allotment date?Shine Fashions SME IPO allotment date?