At a glance
Updated 2026-08-23The shares listed at ₹40.50, a 1.25% move from the issue price. Shine Fashions is a SME IPO with an issue size of ₹1.60 crore, proposed for listing on BSE SME. The offer opens on 22nd Oct 2020 and closes on 26th Oct 2020. The issue structure includes a fresh issue of ₹1.51 crore. The current listing schedule points to 2nd Nov 2020.
Issue details
Listing atBSE SME
Issue typeFixed Price Issue
Issue size₹1.60 Cr
Fresh issue₹1.51 Cr
Face value₹10
Price band—–—
Listing2nd Nov 2020
Listing performance
Full performance ↗Issue price₹40.00
Listing price₹40.50
Current price—
Listing gain1.25%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹0.00
GMP / upper priceNO DATA
Est. listingNO DATA
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens22nd Oct 2020
Closes26th Oct 2020
Listing2nd Nov 2020
Subscription demand
Full bidding ↗Total1.73×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 3000 | — |
Company
Incorporated2019
Use of proceeds
| Object | Amount |
|---|---|
| To meet Working Capital requirements | ₹1.00 Cr |
| General Corporate Purpose | ₹0.20 Cr |
| To meet the Issue Expenses | ₹0.40 Cr |
KPIs
| KPI | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees | 0.17 |
| 2 | Underwriting Commission | 0.08 |
| 3 | Market Making Charges for first year of Listing | 0.03 |
| 4 | Fees Payable to Registrar to the Issue | 0.01 |
| 5 | Fees Payable to Advertising and Marketing Expenses | 0.02 |
| 6 | Fees Payable to Regulators including Stock Exchanges | 0.03 |
| 7 | Payment for Printing & Stationery, Distribution, Postage, etc. | 0.02 |
| 8 | Others (Fees Payable to Auditor, Legal Advisors, Brokerage, Processing Fees and Miscellaneous Expenses) | 0.05 |
Issue expenses
| Expense | Amount |
|---|---|
| To meet Working Capital requirements | ₹1.00 Cr |
| General Corporate Purpose | ₹0.20 Cr |
| To meet the Issue Expenses | ₹0.40 Cr |
Registrar & lead managers
Registrar
Cameo Corporate Services Ltd.Lead managers
- Shreni Shares Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-23.