Shine Fashions (India) Ltd is a prominent player in the import and supply of Microdot Fusible Interlinings. The company, which was established in 2019, primarily deals with the trading, supply, and import of non-woven interlining fabrics, woven interlining fabrics, and microdot fusible interlinings. Its diversified range of products includes Cap Interlinings, Woven Stretch Interlining, Hot Web Adhesive, Tricot, Cotton Fusible Interlinings, and Trafetta.
The company ensures that its products are of the best quality, sourcing them from reliable manufacturers and supplying them in bulk to customers in various sizes to meet their diverse requirements. To achieve this goal, Shine Fashions (India) Ltd has set up an infrastructure facility equipped with several departments such as testing, quality control, packaging, and others. The company’s commitment to quality has helped it establish itself as a trustworthy and reliable supplier of interlining fabrics in the market.
Shine Fashions IPO Details
| IPO Date | Oct 22, 2020 to Oct 26, 2020 |
| Listing Date | Nov 2, 2020 |
| Face Value | ₹10 per share |
| Price | ₹40 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 399,000 shares (aggregating up to ₹1.60 Cr) |
| Fresh Issue | 399,000 shares (aggregating up to ₹1.60 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Industry Overview
According to industry reports, the Indian textile industry’s Compound Annual Growth Rate (CAGR) is expected to be around 8% between 2021-2026, driven by factors such as growing domestic demand, favorable government policies, and increasing investments in the sector. The technical textile segment is expected to grow at a higher rate due to increasing demand from the automotive, construction, and healthcare sectors.
Company Financials
Summary of financial Information (Restated Consolidated)
| Particulars | For the year/period ended (Rs 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 Prospectus
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/
Shine Fashions IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com
Shine Fashions IPO Lead Manager(s)
- SHRENI SHARES PRIVATE LIMITED (Past IPO Performance)
