Shine Fashions SME 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.
Competitive Strengths
1. Experienced promoters and a well-trained employee base.
2. Strong relationship with suppliers.
3. Quality standard and assurance.
4. Strong geographical reach.
Company Financials
| Particulars | For the year/period ended (₹ in lakhs) |
|---|---|
| 31-Dec-19 | |
| Total Assets | 447.27 |
| Total Revenue | 511.83 |
| Profit After Tax | 42.21 |
Objects of the Issue
The key objectives of the IPO are the following:
- To meet the working capital requirements.
- To meet general corporate expenses.
- To meet issue expenditures.
Shine Fashions IPO Details
| IPO Date | 22 OCT 2020 – 26 OCT 2020 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 399,000 Eq Shares of ₹10 |
| Face Value | ₹10 per equity share |
| IPO Price | ₹40 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | BSE SME |
Shine Fashions IPO – Schedule
| Bid/Offer Opens On | 22 OCT 2020 |
| Bid/Offer Closes On | 26 OCT 2020 |
| Finalisation of Basis of Allotment | 30 OCT 2020 |
| Initiation of Refunds | 02 NOV 2020 |
| Credit of Shares to Demat Acct | 03 NOV 2020 |
| IPO Shares Listing Date | 04 NOV 2020 |
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 IPO: How To Apply
Promoters play a very important role in raising much-needed business revenue.
Apply For Shine Fashions IPO Through ASBA
First, you should know what ASBA is. ASBA stands for Restricted Application Support. It is an application by the bank to apply for an IPO.
You apply with ASBA through the bank because initially, the bank covers the cost of purchasing the IPO. This amount is deducted from your account only after receiving IPO share shares in your Demat account.
All the major banks in the country are expanding the ASBA center. There are about 30 banks on the list, some of which are IDBI Bank Limited, Citi Bank, Punjab National Bank, etc.
The center may be expanded once they have been authorized to do so. These banks block the corresponding amount until the IPO allocation process is finalized.
Now, most of you are probably thinking about how to use the Shine Fashions IPO with ASBA. The process can be completed online or offline for your convenience.
Apart from this, you can also bid for an Shine Fashions IPO through your stockbroker’s online portal (such as Zerodha, Edelweiss, Motilal Oswal, etc.)
Company Contact Information
| 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/ |
What is SME IPO?
Companies with minimum post-issue capital of Rs 1 crore and maximum Rs 25 crores are eligible for SME IPO. BSE SME and NSE Emerge platform allows Small and medium enterprises (SME) to raise funds and get listed at the exchange through an SME IPO.
| Basis | SME IPO |
|---|---|
| Post-issue paid up capital | Minimum post issue capital of Rs 1 crore and maximum Rs 25 crore |
| Minimum Allotees in IPO | Minimum number of allotees should be 50 |
| IPO Underwriting | Mandatory (100% underwritten with Merchant Banker underwriting 15%) |
| Track Record | Relaxed norms |
| Offer Document Vetting | By Stock Exchange |
| IPO Application Size | Rs 1,00,000 |
| IPO Timeframe | 3 to 4 months |
| Reporting Requirement | Half yearly |
