Shine Fashions (India) Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

22 Oct 2020

Close Date

26 Oct 2020

Allotment

01 Nov 2020

Listing Date

02 Nov 2020

Exchange

BSE SME

Price Band

₹40

Listing Price

See chart

Allotment Status

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Price Band

₹40

Per share

Face Value

₹10 per share

Lot Size

3,000 Shares

per lot

Issue Size

3,99,000 shares (aggregating up to ₹1.60 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹120,000

1 lot

Pre-IPO Holding

10,00,000 shares

Promoters

Post-IPO Holding

13,99,000 shares

Promoters

UPI Deadline

2020-10-26

Mandate

Anchor AllotmentWed, 21 Oct 2020

Basis of AllotmentSun, 01 Nov 2020

Refund InitiationMon, 02 Nov 2020

Demat CreditMon, 02 Nov 2020

Listing DayMon, 02 Nov 2020

UPI Mandate Deadline2020-10-26

Sale TypeFresh Capital

Net Offer to Public3,78,000 shares (aggregating up to ₹1.51 Cr)

Market Maker Quota21,000 shares (aggregating up to ₹0.0840 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

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Subscription Rate Final

Shine Fashions (India) Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 26 Oct 2020.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	21,000	—	₹0.08
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	399,000	100%	₹1.60

IPO Shares Offered

Shine Fashions (India) Ltd. IPO total issue size: ₹1.60 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	21,000	₹0.08	5.26%
Total	399,000	₹1.60	100.00%

* Based on upper price band ₹40 per share

Lot Size & Investment

Lot Size

3,000

Shares per Lot

Issue Price

₹40.00

Upper Band

Min Investment

₹120,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	6,000	₹240,000
Retail (Max — 13 Lots)	13	39,000	₹1,560,000
S-HNI (Min — 14 Lots)	14	42,000	₹1,680,000
B-HNI (Min — 68 Lots)	68	204,000	₹8,160,000

* Issue Price ₹40 × Lot Size 3,000 shares

IPO Schedule

Anchor

21 Oct 2020

✓ Done

IPO Open

22 Oct 2020

✓ Done

IPO Close

26 Oct 2020

✓ Done

Allotment

01 Nov 2020

✓ Done

Refunds

02 Nov 2020

✓ Done

Demat Credit

02 Nov 2020

✓ Done

Listing Day

02 Nov 2020

✓ Done

₹40.00

INR · BSE

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Issue ₹40.00 Live Price

About Shine Fashions (India) Ltd.

Incorporated in 2019, 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 Trafetta.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.Competitive strengthExperienced promoters and a well-trained employee base.Strong relationship with suppliers.Quality standard and assuranceStrong geographical reach

Objects of the Issue

To meet Working Capital requirements

General Corporate Purpose

To meet the Issue Expenses

Shine Fashions (India) Ltd. Financials (Amount in ₹ Lakhs)

Revenue from Operations

N/A

FY 2022-23

N/A

FY 2023-24

₹511.8

31-Dec-19

Profit After Tax (PAT)

N/A

FY 2022-23

N/A

FY 2023-24

₹42.2

31-Dec-19

Particulars	31-Dec-19	FY 2023-24	FY 2022-23
Revenue from Operations	511.83	N/A	N/A
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	42.21	N/A	N/A
Net Worth	N/A	N/A	N/A
Total Assets	447.27	N/A	N/A
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered3,99,000 (100.00%)

Net Offer to Public3,78,000 shares (aggregating up to ₹1.51 Cr)

Reserved for Market Maker21,000 shares (aggregating up to ₹0.0840 Cr)

Pre-Issue Promoter Holding10,00,000 shares

Post-Issue Promoter Holding13,99,000 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Cameo Corporate Services Ltd.

+91-44-28460390

investor@cameoindia.com

https://ipo.cameoindia.com/

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Book Running Lead Managers

Shreni Shares Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Shine Fashions (India) Ltd. IPO subscribed? ▲

Shine Fashions (India) Ltd. IPO is subscribed 1.00 times by Oct 26, 2020. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Shine Fashions (India) Ltd. IPO retail subscription status? ▼

The Shine Fashions (India) Ltd. IPO retail category is subscribed 1.00 times as of 26 Oct 2020. The retail portion is oversubscribed.

How to subscribe Shine Fashions (India) Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 22 Oct 2020 and closes 26 Oct 2020. Min investment: ₹120,000 (1 lot = 3,000 shares). UPI mandate: 2020-10-26.

How many times Shine Fashions (India) Ltd. IPO subscribed? ▼

The Shine Fashions (India) Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Shine Fashions (India) Ltd. IPO allotment? ▼

Check allotment on the registrar website (Cameo Corporate Services Ltd.) at https://ipo.cameoindia.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 01 Nov 2020. Refunds: on 02 Nov 2020.

When Shine Fashions (India) Ltd. IPO will be listed? ▼

The Shine Fashions (India) Ltd. IPO listing date is 02 Nov 2020, Monday. Listed on: BSE SME. Issue price: ₹40. Estimated listing: ₹40. GMP: NIL.

When Shine Fashions (India) Ltd. IPO close? ▼

The Shine Fashions (India) Ltd. IPO closes on 26 Oct 2020, Monday. UPI mandate: 2020-10-26. Allotment: 01 Nov 2020. Listing: 02 Nov 2020.

Quick Actions

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Live Price LIVE

Last Price₹40.00

Change—

Issue Price₹40.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹40

Face Value₹10

Lot Size3,000 Sh

Min. Amount₹120,000

GMPNIL

Est. Listing₹40

Subscribed1.00x

Open Date22 Oct 2020

Close Date26 Oct 2020

Allotment01 Nov 2020

Listing Date02 Nov 2020

ExchangeBSE SME

UPI Deadline2020-10-26