Shine Fashions (India) Ltd IPO

IPO Synopsis

Public issue of 3,99,000 equity shares of face value of Rs. 10.00/- each (equity shares) of Shine Fashions (India) Limited (The company or The issuer) for cash at a price of Rs. 40.00/- per equity share, including a premuim of Rs. 30.00/- per equity share (the issue price), aggregating Rs. 1.60 crores (the issue), of which 21,000 equity shares of face value of Rs. 10.00/- for cash at a price of Rs. 40.00/- each aggregating Rs. 0.08 crores will be reserved for subscription by market Maker to the issue (the market maker reservation portion). The issue less market maker reservation portion i.e. Issue of 3,78,000 equity shares of face value of Rs. 10.00 each for cash at a price of Rs. 40.00/- per equity share, aggregating to Rs. 1.51 crores is hereinafter referred to as the net issue. The issue and the net issue will constitute 28.52% and 27.02%, respectively of the post issue paid up equity share capital of the company.