Shine Fashions IPO Details
Shine Fashions IPO description – Shine Fashions is primarily engaged in importing, supplying and trading of non -woven interlining fabrics, woven fusible interlinings and microdot fusible interlinings. It sources products from reliable manufacturers of the market. The interlinings produced are in different sizes, to cater diverse customers specifications.
The company’s business process depends upon the specification of Interlining fabric required by its customers. Shine Fashions’ marketing team understands the customer preference, constantly changing fashion and market trend in textile industry. Following this, the company identifies the manufacturer based on capacity, market credential, quality awareness and experience. Finally, the company places purchase order and supervise the entire manufacturing process including purchase of material, stringent quality check and control, scheduled delivery of product based on specific requirement of the customer.
Promoters of Shine Fashions – Mr Anish Anil Mehta and Mr Anil Zaverchand Mehta
| Shine Fashions IPO details | |
| Subscription Dates | 22 – 26 October 2020 |
| Price Band | INR40 per share |
| Fresh issue | 399,000 shares (INR1.60 crore) |
| Offer For Sale | Nil |
| Total IPO size | 399,000 shares (INR1.60 crore) |
| Minimum bid (lot size) | 3,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
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Shine Fashions’ financial performance (in INR lakh) |
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| FY2020 | 2M FY2021 | |||
| Revenue | 796.3 | 1.6 | ||
| Expenses | 749.7 | 4.2 | ||
| Net income | 34.5 | -2.6 | ||
Registrar of Shine Fashions IPO
Cameo Corporate Services Limited
Subramanian Building,
1 Club House Road,
Chennai-600 002
Tamil Nadu, India
Phone: +91 44 2846 0390
Fax: +91 44 2846 0129
Email:Â [email protected]
Website:Â http://www.cameoindia.com
Valuation of Shine Fashions IPO (FY2020)
Earnings Per Share (EPS): INR3.45
Price/Earnings (PE ratio): 11.59
Return on Net Worth (RONW): 10.37%
Net Asset Value (NAV): INR33.26 per share
Shine Fashions IPO Subscription Details
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Shine Fashions Contact Details
Shine Fashions India Limited
Office no. 605, 6th floor,
Marathon Chamber, P.K Road,
Panch Rasta, Mulund West,
Mumbai -400080, Maharashtra
Phone: +91 22 2593 9522
Email: [email protected]
Website: www.amfabrics.in
Shine Fashions IPO Allotment Status
Shine Fashions IPO allotment status will be available on Cameo Corporate Services’ website. Click on this link to get allotment status.
Listing Performance of Shine Fashions
IPO Opening Date: 22 October 2020
IPO Closing Date: 26 October 2020
Finalisation of Basis of Allotment: 29 October 2020
Initiation of refunds: 2 November 2020
Transfer of shares to demat accounts: 2 November 2020
Listing Date: 2 November 2020
Opening Price on BSE SME: INR40.50 per share (up 1.25% from IPO price)Â Â
Closing Price on BSE SME: INR39.55 per share (down 1.12% from IPO price)
