Saturday, February 27, 2021

Shine Fashions IPO Details

Shine Fashions IPOShine 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

Shine Fashions’ financial performance (in INR lakh)

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[email protected]

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


Subscription (no. of times)

Day 1

Day 2

Day 3

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]

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)  
Closing Price on BSE SME: INR39.55 per share (down 1.12% from IPO price)


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