What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Shine Fashions (India) Limited IPO allotment date?

The basis of allotment for Shine Fashions (India) Limited IPO is scheduled to be finalized on 30 Oct 2020.

Where can I check Shine Fashions (India) Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Cameo Corporate Services Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 31 Oct 2020.

IPO GreyPremiumLIVE

Grey Market Intelligence

Shine Fashions (India) Limited

ListedSME

Consumer Cyclical / Textiles & Apparel · BSE

Founded in 2019, Shine Fashions (India) Ltd is a leading importer and supplier of Microdot Fusible Interlinings. The company specializes in trading, importing, and supplying non-woven and woven interlining fabrics, along with microdot fusible interlinings. Its diverse product range includes Cap Interlinings, Woven Stretch Interlining, Hot Web Adhesive, Tricot, Cotton Fusible Interlinings, and Trafetta. Shine Fashions sources products from trusted manufacturers and supplies them in bulk, catering to various customer needs. The company ensures high-quality fabric production with dedicated departments for testing, quality control, and packaging at its infrastructure facilities.

Price Band

₹40

Issue Size

₹1.60 Cr

Lot Size

3000 shares

GMP

—

Est. Listing

₹40

at current GMP

Subscribed

—

Open

22 Oct 2020

26 Oct 2020

Allotment

30 Oct 2020

Refund

31 Oct 2020

Demat Credit

1 Nov 2020

Listing

3 Nov 2020

Last updated 5 months ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Shine Fashions (India) Limited Allotment Status

Designated Registrar: Cameo Corporate Services Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

30 Oct 2020

Basis finalization

Refunds Initiate

31 Oct 2020

Mandate release

Demat Credit

1 Nov 2020

Shares in demat

Listing Debut

3 Nov 2020

Trading begins

About Shine Fashions (India) Limited Public Issue & Market Profile

Shine Fashions (India) Limited is bringing an initial public offering (IPO) in the Consumer Cyclical / Textiles & Apparel sector with an aggregate issue size of ₹1.6 Crores. The shares are offered at a price band of ₹40 to ₹40 per equity share on BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

Public Issue & Allotment Procedure:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Official Allotment Timelines & Registrar Guidance:

Following the close of bidding on 2020-10-26, the basis of allotment is scheduled to be finalized on 2020-10-30. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Cameo Corporate Services Limited) or the BSE allotment checking window.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.