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Shine Fashions (India) IPO is a Fixed Price IPO listing on BSE SME exchange, with an ipo size of ₹ 1.60 Cr. The company is based in Mumbai and caters to Textiles sector. Shreni Shares is the merchant banker of Shine Fashions (India) IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 23rd June 2020.
Shine Fashions (India) IPO open date is 22nd October 2020 and close date is 26th October 2020. IPO Allotment Date is 30th November -0001 and Listing date is 2nd November 2020.
IPO
Size:
₹ 1.60 Cr.
Avg IPO Size (Sector Based)
: ₹
14.68 cr.
Sector: Textiles
SME
IPO so far:
88
Merchant Banker:
Shreni Shares
SME
IPO by BRLM so far:
47
City:
Mumbai
SME
IPO so far:
281
Revenue (annualised):
₹
6.81
cr. 
PE
Ratio:
0.00x
Average Sector PE Ratio: 19.25x
Shine Fashions (India) IPO size is ₹ 1.60 Cr. with IPO price of ₹ 40.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Shreni Shares Limited is the book-running lead manager of the Shine Fashions (India) IPO. Cameo Corporate Services Limited is the Registrar and Market Maker is Shreni Shares Private Limited for Shine Fashions (India) IPO.
Shine Fashions (India) IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Shine Fashions (India) IPO, based in Mumbai, operates in the Textiles sector with a focus on Trading of non -woven interlining fabrics. The company is launching its SME IPO on the BSE SME exchange, using the Fixed Price Issue method. Shine Fashions (India) IPO size is ₹ 1.60 Cr. with fresh issue size of ₹ 1.60 Cr. and Offer for sale being ₹ Nil
The IPO allotment date for Shine Fashions (India) IPO is expected to be 30th November -0001, after the finalization of basis of allotment. Investors can check Shine Fashions (India) IPO allotment status on the registrars website, Cameo Corporate Services Limited . Shine Fashions (India) IPO refund dates are 30th November -0001.
Shine Fashions (India) IPO is expected to be listed on 2nd November 2020.
The upper price band for the Shine Fashions (India) IPO is set at ₹ 40.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Shine Fashions (India) IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Shine Fashions (India) IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 26th October 2020. After submission, funds are blocked until the basis of allotment of Shine Fashions (India) IPO is finalised.
The merchant banker for Shine Fashions (India) IPO is Shreni Shares Limited . Shreni Shares Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Shine Fashions (India) IPO RHP for further details.
The registrar for Shine Fashions (India) IPO is Cameo Corporate Services Limited . Investors can go to Cameo Corporate Services Limited registrar website for IPO allotment status, refund processing, and other queries related to Shine Fashions (India) IPO through their official website or helpline.
Shine Fashions (India) IPO was subscribed 1.73 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 1.60 Cr.
Avg IPO Size (Sector Based)
:
₹ 14.68 Cr.
Sector: Textiles
SME
IPO so far:
88
Merchant Banker:
Shreni Shares
SME
IPO by BRLM so far:
47
City:
Mumbai
SME
IPO so far:
281
Revenue (annualised):
₹ 0.01 cr.
PE
Ratio:
0.00x
Average Sector PE Ratio: 19.25x
Shine Fashions (India) IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Shine Fashions (India) Financial Review Page
Merchant Banker(s) of Shine Fashions (India) IPO: Shreni Shares Limited
Shine Fashions (India) IPO subscription was 1.73 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Shine Fashions (India) IPO listed at a listing price of 39.55 against the offer price of 40.00.
The current market price of Shine Fashions (India) is 490.45.
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