Shine Fashions SME IPO Review

SME IPO Status: Closed [22nd Oct 2020 to 26th Oct 2020]

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About Shine Fashions SME IPO

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.

  • Incorporated Year: 2019
  • Sector: Textile
  • Website:http://www.amfabrics.in/

About Company - Shine Fashions (India) Ltd

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.

Shine Fashions SME IPO Objective

The net proceeds from the Shine Fashions IPO will be used towards the following objectives:

  • To meet the working capital requirement of the business
  • To meet the general corporate purposes.
  • To meet the issue expenses.

Shine Fashions SME IPO Details

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 SME IPO Details
Shine Fashions Issue Details Values
IPO Category SME
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
BSE Code
NSE Code

Shine Fashions SME IPO Live Subscription (NSE + BSE)

The table below is live update of SME IPO bidding details from NSE and BSE.

  • Non-Institutional Investors: 189,000 Shares
  • Retail Individual Investor: 189,000 Shares
IPO Bidding Live Updates from BSE + NSE
Day NIIRIITotal
 # of Shares Offered189,000189,000378,000
122nd Oct 2020 18:510.86x0.32x0.59x
223rd Oct 2020 18:521.52x0.81x1.17x
326th Oct 2020 00:011.52x0.81x1.17x
426th Oct 2020 18:511.83x1.63x1.73x

Shine Fashions Financials for past 3 Years

Past performance and financial results of Shine Fashions.

As Shine Fashions has been incorporated recently in 2019, therefore, only one-year financial data are available.

Shine Fashions financial
Shine Fashions IPO Financials 31-Dec-2019
Total Assets ₹447.27 Lakh
Total Income ₹511.83 Lakh
Net Profit/Loss ₹42.21 Lakh

Shine Fashions SME IPO Strengths

  • Diversified product range
  • Best quality of fabric products
  • Trained and experienced employee base
  • Sound relationship with suppliers
  • Well-equipped infrastructure facility

Shine Fashions SME IPO Threats/Weaknesses

  • As on 31st Dec 2019, 92.27% of total revenue were from top 5 customers thus, there is revenue concentration risk.
  • No long-term contracts with customers, and generate regular basis orders, thus, inability to have continuous order flow will have significant impact over revenues.
  • Dependency for material over top suppliers

Shine Fashions SME IPO Recommendations

Shine Fashions SME IPO Important Dates

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.

Shine Fashions SME IPO important dates
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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@
  NRI Form ⇒

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.

Company Address

Shine Fashions (India) Ltd
Office no. 605, 6th floor, Marathon Chamber, P.K
Panch Rasta, Mulund West, Mumbai-400080, Maharashtra
Website: http://www.amfabrics.in/
Email: [email protected]
Phone: 022-2593 9522

Registrar

CAMEO CORPORATE SERVICES LTD
Submaramanian Building, 1 Club House Road,
Chennai 600 002

Lead Manager

  1. Shreni Shares Private Limited
Shine Fashions SME IPO Important dates - Issue Open Date, close Date, SME IPO Listing Date. SME IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, SME IPO Listing date. What is the issue open date and close date for Shine Fashions? Should I apply in Shine Fashions SME IPO?

Last Updated on 2020-11-03T22:13:19+00:00

Shine Fashions SME IPO FAQs

  1. 1. How to subscribe Shine Fashions SME IPO with Zerodha?

    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.

    Shine Fashions SME IPO Review and Important Updates

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  2. 2. How to apply in Shine Fashions SME IPO online?

    Apply in Shine Fashions SME IPO online

    To subscribe or apply in Shine Fashions SME IPO, you can use the following methods:

    Shine Fashions SME IPO Applying ModeMethodDetails
    Online Application3-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 Application2-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.

    Online ApplicationASBA

    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 ApplicationPhysical 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.

    Shine Fashions SME IPO Review and Important Updates

    Other relevant question on same topics are:

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  3. 3. How to download online application form for Shine Fashions SME IPO?

    Shine Fashions SME IPO Application is not yet available.

     

  4. 4. What is the listing date of Shine Fashions SME IPO?

    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

     

  5. 5. When Shine Fashions SME IPO will be allocated?

    Shine Fashions SME IPO Allotment Date is TBD.

    Other relevant questions:

    Shine Fashions SME IPO share allotment date?Shine Fashions SME IPO allotment date?

     

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