Shine Fashions IPO

Shine Fashions IPO Date, Price Band, Details

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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 nameShine Fashions (India) Ltd

Dates to remember

IPO Open22 October 2020
IPO Close26 October 2020
Basis of Allotment29 October 2020
Refunds date2 November 2020
Credit to Demat Account2 November 2020
 Listing Date3 November 2020

IPO Details

Issue typeFixed-PriceIPO
IPO issue size₹1.60 crore
IPO Open date22 October 2020
IPO Close date26 October 2020
Number of shares offered to the public3,99,000 shares
Face value₹10 per equity share
Offer price₹40 per equity share
Retail portion50%
Lot size3000 Nos
Minimum application1 lot – 3000 shares
Minimum application amount₹120,000
Listing ExchangeBSE (BSE Emerge SME platform)

Financial summary

ParticularsFor the year/period ended (₹ in lakhs)
Total Assets447.27
Total Revenue511.83
Profit After Tax42.21

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 Holding99.98%

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

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

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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