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.
Objects of the Issue:
The key objectives of the IPO are the following:
1. To meet the working capital requirements.
2. To meet general corporate expenses.
3. To meet issue expenditures.
Shine Fashions IPO details
| IPO Open: | 22 October 2020 |
| IPO Close: | 26 October 2020 |
| IPO Size: | 399,000 Eq Shares of ₹10 (aggregating up to ₹1.60 Cr) |
| Face Value: | ₹10 Per Equity Share |
| Price Band: | ₹40 Per Share |
| Listing on: | BSE SME |
| Retail Portion: | NA |
| Equity: | 3,99,000 Shares |
| Employee Discount: | NA |
Shine Fashions IPO Lot Size and Price (Retail)
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹120,000 |
| Maximum | 1 | 3000 | ₹120,000 |
Shine Fashions’s financial performance (in INR lakh)
Summary of financial Information (Restated Consolidated)
| Particulars | For the year/period ended (₹ in lakhs) 31-Dec-2019 |
||
|---|---|---|---|
| Total Assets | 447.27 | ||
| Total Revenue | 511.83 | ||
| Profit After Tax | 42.21 | ||
Shine Fashions IPO Allotment & Listing:
| Basis of Allotment: | Update Soon |
| Refunds: | Update Soon |
| Credit to Demat Account: | Update Soon |
| Listing Date: | Update Soon |
Shine Fashions IPO Subscription Status
\| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.0x | 0.0x | 0.0x |
| HNI | 0.0x | 0.0x | 0.0x |
| RII | 0.0x | 0.0x | 0.0x |
| EMP | 0.0x | 0.0x | 0.0x |
| Total | 0.27x | 0.79x | 0.0x |
Shine Fashions IPO Prospectus
Shine Fashions IPO Form:
How to apply the Shine Fashions (India) LTD IPO? You can apply IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Shine Fashions Ltd IPO in the Invest section. The other option you can apply Shine Fashions Ltd IPO via IPO forms download via NSE and BSE. Check out the Shine Fashions Ltd AMC forms - & BSE Forms blank IPO forms download, fill and submit in your bank or with your broker.
Company Promoters:
- Mr. Anish Anil Mehta and Mr. Anil Zaverchand Mehta are the promoters of the company.
Shine Fashions Registrar:
Cameo Corporate Services Limited
Cameo Corporate Services Ltd.,
Subramanian Building # 1, Club House Road,
Chennai 600 002 - India
Shine Fashions Address:
Shine Fashions (India) Ltd
Office no. 605, 6th floor, Marathon Chamber, P.K
Panch Rasta, Mulund West
Mumbai-400080
Phone: 022-2593 9522
Email: shinefashionscs@gmail.com
Website: http://www.amfabrics.in/
Shine Fashions IPO FAQs:
1. When Shine Fashions IPO will open for NII, and Retail?
The IPO to open on 22 October 2020 for NII, and Retail Investors.
2. What is Shine Fashions IPO Investors Portion?
The investors' portion for NII-50%, and Retail-50%.
3. How to Apply the Shine Fashions IPO?
You can apply Shine Fashions IPO via ASBA online via your bank account. You can apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
4. What is Shine Fashions IPO Allotment Date?
5. What is Shine Fashions IPO Listing Date?
Shine Fashions IPO listing date is November 2020. The IPO to list on BSE SME Platform.
Note: The IPO price band and dates will be added as it will be officially announced. The IPO grey market premium (IPO GMP) will be added on the grey market page as it will start)
 Ltd IPO Date, Review, Price Band, Form, GMP & Market Lot Details){kind=link}