Shine Fashions IPO is hitting the Dalal street on 22 October 2020. the company aims to raise ₹1.60 crore through this fixed price IPO.
Shine Fashions India Ltd
The company 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 to diverse customer’s specifications.
The company’s business process depends upon the specification of the Interlining fabric required by its customers. Shine Fashions’ marketing team understands customer preference, constantly changing fashion, and market trends in the 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 the purchase of material, stringent quality check, and control, scheduled delivery of the product based on the specific requirement of the customer.
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 Tafetta. 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.
Also read: IPO lists
Objective of the Issue
- To meet the working capital requirements.
- For general corporate expenses.
- To meet issue expenditures.
Competitive Strengths
- Experienced promoters and a well-trained employee base.
- Quality standard and assurance.
- A strong relationship with suppliers.
- Strong geographical reach.
Basic details about the company
| Full name | Shine Fashions (India) Ltd |
| Sector | Trading |
| Industry | Trading |
| Company Website | www.amfabrics.in |
Dates to remember
| IPO Open | 22 October 2020 |
| IPO Close | 26 October 2020 |
| Basis of Allotment | 29 October 2020 |
| Refunds date | 2 November 2020 |
| Credit to Demat Account | 2 November 2020 |
| Listing Date | 3 November 2020 |
IPO Details
| Issue type | Fixed-PriceIPO |
| IPO issue size | ₹1.60 crore |
| IPO Open date | 22 October 2020 |
| IPO Close date | 26 October 2020 |
| Number of shares offered to the public | 3,99,000 shares |
| Face value | ₹10 per equity share |
| Offer price | ₹40 per equity share |
| Retail portion | 50% |
| Lot size | 3000 Nos |
| Minimum application | 1 lot – 3000 shares |
| Minimum application amount | ₹120,000 |
| Listing Exchange | BSE (BSE Emerge SME platform) |
Financial summary
| Particulars | For the year/period ended (₹ in lakhs) |
|---|---|
| 31-Dec-19 | |
| Total Assets | 447.27 |
| Total Revenue | 511.83 |
| Profit After Tax | 42.21 |
Valuation of Shnine fashions (FY2020)
| Earnings Per Share (EPS) | ₹ 3.45 |
| Price/Earnings (PE ratio) | 11.59 |
| Return on Net Worth (RONW) | 10.37% |
| Net Asset Value (NAV) | ₹ 33.26 per share |
Company Promoters
- Mr. Anish Anil Mehta
- Mr. Anil Zaverchand Mehta
| Pre Issue Share Holding | 99.98% |
Lead managers
Shreni shares Pvt Ltd
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: cameo@cameoindia.com
Website: http://www.cameoindia.com
Shine Fashions India 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: shinefashionscs@gmail.com
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.
Final thoughts
Shine Fashions IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post gave you enough details to make a fundamental study of the company. learn well and make a wise decision.
happy investing
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