Shoora Designs Limited IPO
BSE SMEListed On: Aug 29, 2023 at ₹ 91.2
₹ 144000 /3000 Shares
Check AllotmentShoora Designs Limited IPO Details
17 Aug, 2023
Open Date21 Aug, 2023
Close Date24 Aug, 2023
Allotment Date29 Aug, 2023
Listing DateIssue Price
₹48 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE SMERegistrar
Kfin Technologies LimitedList Price
91.2Listing Date
2023-08-29Market Lot
3000 Shares (₹144,000/-)Lead Manager
Swaraj shares and securities private limitedIssue Size
424,000 shares(aggregating up to ₹2.03 Cr)Retail Portion
50%Subscription
64.58 timesShoora Designs Limited IPO Subscription Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 198,000 | 198,000 | 396,000 |
| Day 1 - 17-08-23 06:00 PM | 0.58 x | 5.70 x | 3.14 x |
| Day 2 - 18-08-23 06:00 PM | 1.92 x | 18.41 x | 10.17 x |
| Day 3 - 21-08-23 06:00 PM | 35.44 x | 93.73 x | 64.58 x |
Shoora Designs Limited Valuations
Earnings Per Share (EPS)
₹1.34/-P/E Ratio
35.82RoNW
7.22%Net Asset Value (NAV) - Post Issue
₹N/A/-Shoora Designs Limited Company Financials All values are in ₹ Lakh
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 168.99 | 15.03 | N/A |
| Revenue | 210.61 | 16.26 | N/A |
| Profit After Tax | 11.46 | 3.91 | N/A |
About The Company
Shoora Designs Limited is engaged in the business of manufacturing and trading diamonds and jewelry.
The company manufactures natural diamonds and jewelry mainly focusing on Natural Lab Grown Diamond and Jewelry.
Shoora procures natural diamonds through suppliers and outsources cleaving, laser cutting, and polishing services from local job-workers in the domestic market of Surat while planning and mapping rough diamonds remain in-house. Its major clients come from wholesalers and retailers with business concentration predominantly in Surat, Gujarat, and Mumbai, Maharashtra.
Shoora Designs' jewelry is available on both offline market and online platforms.
The company recorded Rs. 105.58 lacks revenue from operations for the nine-month period ended March 31, 2023, and Rs. 162.58 lacks for the Financial Year ended March 31, 2022.
Shoora Designs Limited - Promoter(s)
Pre Issue Share Holding: 100%
Post Issue Share Holding: 71.77%
Company Promoter(s)
- Mr. Satish K Kansodariya
- Mrs. Sejalben Satish Kansodariya
- Mr. Rajeshbhai Labhubhai Mer
Shoora Designs Limited IPO - Issue Objectives
- The company intends to utilize the net proceeds from the issue towards working capital requirements and general corporate purposes.
Shoora Designs Limited IPO - FAQs
Ans. Shoora Designs Limited IPO is a SME IPO. The issue is priced at ₹48 per equity share. The minimum order quantity is 3000 Shares. The IPO opens on Aug 17, 2023, and closes on Aug 21, 2023. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The Shoora Designs Limited IPO opens on Aug 17, 2023 and closes on Aug 21, 2023.
Ans. The size of Shoora Designs Limited IPO is 424,000 shares(aggregating up to ₹2.03 Cr).
Ans. The IPO price band is set between ₹48 per equity share.
Ans. To apply for Shoora Designs Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Shoora Designs Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Shoora Designs Limited IPO is Aug 24, 2023.
Ans. The Shoora Designs Limited IPO will be listed on Aug 29, 2023.
Ans. Follow the steps to check the allotment status for Shoora Designs Limited IPO here.
