Shine Fashions Limited IPO(Shine Fashions IPO)

Shine Fashions IPO
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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.

Shine Fashion IPO

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

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

Objects of the Issue

The key objectives of the IPO are the following:

  1. To meet the working capital requirements.
  2. To meet general corporate expenses.
  3. To meet issue expenditures.
Shine Fashion IPO
Object Of The Issue

Shine Fashions IPO Details

IPO Date22 OCT 2020 – 26 OCT 2020
Issue TypeFixed Price Issue IPO
Issue Size399,000 Eq Shares of ₹10
Face Value₹10 per equity share
IPO Price₹40 per equity share
Market Lot3000 Shares
Min Order Quantity3000 Shares
Listing AtBSE SME

Shine Fashions IPO – Schedule

Bid/Offer Opens On22 OCT 2020
Bid/Offer Closes On26 OCT 2020
Finalisation of Basis of Allotment30 OCT 2020
Initiation of Refunds02 NOV 2020
Credit of Shares to Demat Acct03 NOV 2020
IPO Shares Listing Date04 NOV 2020

Shine Fashions IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)

Shine Fashions IPO: How To Apply

Promoters play a very important role in raising much-needed business revenue.

Shine Fashion IPO
How To Apply IPO

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

Phone: 022-2593 9522

What is SME IPO?

Shine Fashion IPO
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.

Post-issue paid up capitalMinimum post issue capital of Rs 1 crore and maximum Rs 25 crore
Minimum Allotees in IPOMinimum number of allotees should be 50
IPO UnderwritingMandatory (100% underwritten with Merchant Banker underwriting 15%)
Track RecordRelaxed norms
Offer Document VettingBy Stock Exchange
IPO Application SizeRs 1,00,000
IPO Timeframe3 to 4 months
Reporting RequirementHalf yearly
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