Shine Fashions IPO Review, Dates, Allotment, Size, Live Bid Details, GMP & RHP
Last Updated Date: Nov 24, 2022Let’s have a detailed review of the company and analytics of the Shine Fashions India Limited IPO release date, IPO offer price, subscription, Shine Fashions IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 40 |
| Listing At | BSE SME |
| Min. Order Quantity | 3000 |
| Listing Date | NA |
| Fresh Issue | Rs 1.60 Cr |
| IPO Size | Rs 1.60 Cr |
| Tick Size | NA |
Shine Fashions IPO is listed at Rs.30 premium, check out the live share price by clicking on the below link.
| Shine Fashions Share Price – Live Performance |
Summary of Shine Fashions IPO
They are primarily engaged in importing, supplying and trading of non -woven interlining fabrics, woven fusible interlinings and microdot fusible interlinings. They source their products from reliable manufacturers of the market.
The interlinings produced are in different sizes, to cater diverse customers specifications. They are offering high grade quality and fine finish products to their customers.
They provide bulk of products to their customers in the stipulated time frame and as per their choice. Their products are provided in safe and tight packing to ensure their accurate delivery to the patrons.
The Promoters of this company are MR. ANISH ANIL MEHTA, ANIL ZAVERCHAND MEHTA. The lead managers to the issue is HRENI SHARES PRIVATE LIMITED. The Registrar to this issue is CAMEO CORPORATE SERVICES LTD.
Shine Fashions IPO Dates / Launch Date
The opening and the closing date of Shine Fashions IPO is not known yet.
Shine Fashions IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| 4th Day – | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
Shine Fashions IPO Allotment Status
Here, you can find the Allotment Status of this IPO. Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment status is not yet disclosed.
Shine Fashions IPO Listing Date
Find the dates below on basis of allotment, refund, listing and more:
| Basis of Allotment Finalization | – |
| Refunds Initiation | – |
| Credit of Shares to Demat Account | – |
| Share Listing Date | – |
Shine Fashions IPO Price Band / Cash Price
The face value of each share is Rs.10, and the cash price of the IPO is Rs.40.
Shine Fashions IPO Size
This Initial Public Issue of 3,99,000 Equity Shares of Rs.10 each for cash at a price of Rs.40 per equity share aggregating to Rs.159.60 Lakhs.
Shine Fashions IPO Share Offering
Public Issue: The Public Issue of 3,99,000 Equity Shares by their Company of Rs.10 each at a price of Rs.40 per equity share aggregating to Rs. 159.60 lakh,
Net Offer: The Net Offer of up to 3,78,000 Equity Shares of Rs.10 each at price of Rs.40 per Equity Shares aggregating to Rs.151.20 lakhs
Shine Fashions IPO – Live Performance
The listing date of this IPO is NA. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Shine Fashions Share Price |
Shine Fashions IPO Grey Market Premium
The Shine Fashions Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Shine Fashions India Limited – Company Overview
Their Company was incorporated as a public limited company under the Companies Act, 2013 and registered with the Registrar of Companies, Central Registration Centre with the name & style “Shine Fashions (India) Limited” pursuant to a certificate of incorporation dated September 11, 2019.
They are primarily engaged in importing, supplying and trading of non -woven interlining fabrics, woven fusible interlinings and microdot fusible interlinings. They source their products from reliable manufacturers of the market. The interlinings produced are in different sizes, to cater diverse customers specifications.
Shine Fashions Work Pattern
Their Company’s proficiency lies in understanding the specific requirement of their customers and based on which they place the order of their products to manufacturer having requisite manufacturing facilities. They supervise the entire manufacturing process including selection of interlinings produced till dispatch of the goods to customers place, to assure product quality and customer satisfaction.
Shine Fashions – Infrastructure
Their infrastructure spans a large area and segregated into various departments. The department or units includes quality control, testing, packaging and many more. They have hired good team for carrying out business activities and handling each department. Moreover, their infrastructure is equipped with various equipment and other necessary things.
They stringently test their products before their delivery to the clients to ensure their correctness. Their products are used in various industries and companies for their fine finish. They offer their products to their prestigious customers in white, off-white, black, and charcoal.
Shine Fashions – Business process
Their business process depends upon the specification of Interlining fabric required by their customers. Their marketing team under the guidance of their promoter Mr. Anish Anil Mehta understands the customer preference, constantly changing fashion and market trend in textile industry.
Considering the feedback of their team, they identify the manufacturer based on capacity, market credential, quality awareness and experience.
After identifying the manufacturer, they place 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 Fashions India Limited: Business strategies
- Improving functional efficiencies
- Better working capital management
- Leveraging their Market skills and Relationships
- Enhance customer base by entering new geographies to establish long-term relationships
- To build-up a professional organization
Shine Fashions Ltd – Financial Statements
On the basis of Standalone statement:
| Amount (in INR & Lakhs) | |||
| 31-May-20 | 31-Mar-20 | 31-Dec-19 | |
| Total Assets | 536.95 | 424.28 | 447.27 |
| Total Revenue | 1.61 | 796.30 | 511.83 |
| Total Expense | 4.23 | 749.69 | 454.74 |
| Profit After Tax | (2.61) | 34.48 | 42.21 |
Earnings per Equity Share (in Lakhs)
| Amount (in INR & Lakhs) | |||
| 31-May-20 | 31-Mar-20 | 31-Dec-19 | |
| Basic & Diluted | (0.26) | 3.45 | 4.23 |
Financial status as per the Restated Financial Statements
- Since their company is recently incorporated, they have not completed a full financial year, however for the period ended December 31, 2019 their total revenue from operations and Profit after Tax were Rs. 511.83 Lakhs and Rs. 42.21 Lakhs respectively.
Shine Fashions IPO – Promoters
The Promoters of this company are:
- MR. ANISH ANIL MEHTA,
- MR. ANIL ZAVERCHAND MEHTA
List of Related Parties (Key Managerial Personnel)
- Mr. Anish Anil Mehta, Managing Director
- Ms. Khushbu Dilipkumar Shah, Chief Financial Officer
- Ms. Nidhi Jain, Compliance Officer and Company Secretary
Interest in promotion of the Company
Their Promoters are interested in their Company to the extent that he has promoted their Company and to the extent of his respective shareholding in their Company and the dividends payable, if any, and any other distributions in respect of such shareholding.
Interests of Promoter in property of their Company
Their Promoters are not interested in the properties acquired or proposed to be acquired by their Company in the three years (3) preceding the date of this Draft Prospectus, or in any transaction by their Company for the acquisition of land, construction of building or supply of machinery except that the registered office which has been taken on lease by their Company is owned by Mrs Indu Anil Mehta, relative of their Promoter.
Shine Fashions IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 3,99,000 Equity Shares, aggregating up to Rs.159.60 lakhs |
| Of which: | |
| Market Maker Reservation Portion | 21,0000 Equity Shares, aggregating up to Rs.8.40 lakhs |
| Net Issue to Public** | Up to 3,78,000 Equity Shares, aggregating up to Rs.151.20 lakhs |
| Of which: | |
| A) Retail Portion | Up to 1,89,000 Equity Shares, aggregating up to Rs.75.60 lakhs |
| B) Non- Retail Portion including QIB | Up to 1,89,000 Equity Shares, aggregating up to Rs.75.60 lakhs |
| Equity Shares outstanding prior to the Issue | 10,00,000 Equity Shares |
| Equity Shares outstanding after the Issue | 13,99,000 Equity Shares |
Shine Fashions IPO Issue Object
They intend to utilize the proceeds of the Issue to meet the following objects:
1. To meet Working Capital requirements
2. General Corporate Purpose
3. To meet issue expenses
Shine Fashions India Limited: Competitive Strength
- Experienced Promoters and a well- trained employee base
- Existing Supplier Relationship
- Quality Assurance
- Client relationship
- Expand geographical reach
Shine Fashions IPO – Basis of the Offer Price
The Offer Price has been determined by their Company and the Selling Shareholder in consultation with the Lead Managers on the basis of the key business strengths.
Qualitative factors are:
- Experienced Promoters and a well- trained employee base
- Existing Supplier Relationship
- Quality Assurance
- Established client relationship
- Expand geographical reach
Shine Fashions IPO – Quantitative Factors
| Basic & Diluted EPS | RONW in % | NAV (Rs.) | |
| 31-Dec-19 | 4.23 | 12.81 | 32.96 |
| 31-Mar-20 | 3.45 | 10 | 33.26 |
- Price to Earnings (P/E) ratio in relation to Price band of Rs.40 of Rs.10 per share
| Particulars | P/E ratio |
| Highest | 265.70 |
| Average | 12.00 |
| Lowest | 3.5 |
Shine Fashions India Limited: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Current Market Price (Rs.) | |
| Shine Fashions (India) Limited | 10 | 11.59 | 3.45 | 10.37 | [●] |
| Listed Peers | |||||
| Trident Texofab Limited | 10 | 25 | 3.16 | 11.59% | 79 |
Shine Fashions IPO Lead Managers
| Lead Managers |
| SHRENI SHARES PRIVATE LIMITED Office No. 102, 1st Floor, Sea Lord CHS, Plot No. 1/B, 1/A, Survey No. A-12, Ram Nagar, Borivali (West), Mumbai- 400092. Tel: +91 22 28088456 Email: shrenishares@gmail.com Website:www.shreni.in Investor Grievance Email: info@shreni.in Contact Person: Mr. Parth Shah SEBI Registration No.: INM000012759 |
Shine Fashions IPO Registrar to Offer
| Registrar to the Offer |
| CAMEO CORPORATE SERVICES LTD. Submaramanian Building, 1 Club House Road, Chennai 600 002. Tel No.: +91-44-40020700 Fax No.: +91-44-2846 0129 E-mail : cameo@cameoindia.com; investor@cameoindia.com Website: www.cameoindia.com Contact Person: Mr. R. D. Ramasamy SEBI Registration No: INR000003753 |
Shine Fashions IPO – Other Details
- Statutory Auditor – P.D. DALAL & CO.
- Legal Counsel to the Company – ASHA AGARWAL & ASSOCIATES
- Bankers to the Company – ICICI Bank Limited
Shine Fashions IPO Review by Top 10 Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
Shine Fashions IPO Grey Market Premium
The Shine Fashions IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
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Shine Fashions IPO News
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