Established in 2021, Shoora Designs Limited specializes in the manufacturing and trading of diamonds and jewelry. The company’s primary focus lies in crafting natural diamonds and jewelry, particularly emphasizing the production of Natural Lab Grown Diamonds and Jewelry.
Shoora sources its natural diamonds through various suppliers and delegates tasks such as cleaving, laser cutting, and polishing to local artisans within the domestic market of Surat. The process of planning and mapping rough diamonds is conducted in-house. The company’s main clientele primarily consists of wholesalers and retailers, with a strong business presence in Surat, Gujarat, and Mumbai, Maharashtra.
Shoora Designs’ jewelry is available for purchase both offline and through online platforms. In terms of financial performance, the company achieved revenues of Rs. 105.58 lakhs from operations during the nine-month period ending on March 31, 2023, and Rs. 162.58 lakhs for the Financial Year concluding on March 31, 2022.
Shoora Designs IPO Details #
Shoora Designs IPO is a Fixed Price Issue. The IPO total issue size is Rs 2.03 Cr. The Shoora Designs IPO price is ₹48 per share. The IPO will list on BSE SME.
| IPO Date | Aug 17, 2023 to Aug 21, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹48 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 424,000 shares (aggregating up to ₹2.03 Cr) |
| Fresh Issue | 423,000 shares (aggregating up to ₹2.03 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 1,075,662 |
| Share holding post issue | 1,498,662 |
| Market Maker portion | 27,000 shares Rikhav Securities |
Shoora Designs IPO Reservation #
| Other Shares Offered | 50% |
| Retail Shares Offered | Not less than 50.00% of the Offer |
Shoora Designs IPO Timetable (Tentative) #
Shoora Designs IPO opens on Aug 17, 2023, and closes on Aug 21, 2023.
| IPO Open Date | Thursday, 17 August 2023 |
| IPO Close Date | Monday, 21 August 2023 |
| Basis of Allotment | Thursday, 24 August 2023 |
| Initiation of Refunds | Friday, 25 August 2023 |
| Credit of Shares to Demat | Monday, 28 August 2023 |
| Listing Date | Tuesday, 29 August 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Aug 21, 2023 |
Shoora Designs IPO Lot Size #
The minimum lot size of this Shoora Designs IPO is 3000 shares required is ₹144,000.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹144,000 |
| Retail (Max) | 1 | 3000 | ₹144,000 |
| HNI (Min) | 2 | 6,000 | ₹288,000 |
| Lot Size Calculator | |||
Shoora Designs IPO Promoter Holding #
Mr. Satish K Kansodariya, Mrs. Sejalben Satish Kansodariya, and Mr. Rajeshbhai Labhubhai Mer are the promoters of the company.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 71.77% |
Company Financials #
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 0.75 | 15.03 | 168.99 |
| Revenue | 16.26 | 210.61 | |
| Profit After Tax | -0.50 | 3.91 | 11.46 |
| Net Worth | 0.50 | 4.41 | 158.59 |
| Reserves and Surplus | -0.50 | 3.41 | 51.02 |
| Total Borrowing | 0.30 |
Key Performance Indicator #
Shoora Designs IPO Market Cap is Rs 7.19 Cr and P/E (x) is 35.82.
| KPI | Values |
|---|---|
| P/E (x) | 35.82 |
| Market Cap (₹ Cr.) | 7.19 |
| ROE | 14.06% |
| ROCE | 9.89% |
| EPS (Rs) | 1.34 |
| RoNW | 7.22% |
Objects of the Issue #
The company intends to utilize the net proceeds from the issue towards working capital requirements and general corporate purposes.
Shoora Designs IPO Prospectus #
Company Contact Information #
Diamond Apartments Co-op Housing Society,
LT H No. 7/3388/A, 6th floor,
C/1, 601, Haththupura char rasta, Surat – 395003
Phone: +91 9004746705
Email: compliance@shooradesigns.com
Website: https://www.shooradesigns.com/
Shoora Designs IPO Registrar #
Phone: 04067162222, 04079611000
Email: shooradesigns.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Shoora Designs IPO Lead Manager(s) #
FAQs #
What is the IPO issue size? #
The Shoora Designs IPO has a total issue size of Rs 2.03 Crores.
What is the IPO price per share? #
The IPO price for Shoora Designs is ₹48 per share.
Which stock exchange will the IPO list on? #
The Shoora Designs IPO is set to list on the BSE SME stock exchange.
Is the Shoora Designs IPO a Fixed Price Issue? #
Yes, the Shoora Designs IPO follows a Fixed Price Issue model.
Are there any IPO recommendations available for Shoora Designs? #
You can find IPO reviews and recommendations by top analysts and retail investors on chittorgarh.com’s Shoora Designs IPO review page.
When is the listing date for Shoora Designs IPO? #
The exact listing date for the Shoora Designs IPO can be checked on the official BSE website or financial news sources.
How can I apply for the Shoora Designs IPO? #
To apply for the Shoora Designs IPO, you can follow the instructions provided by your broker or through online platforms during the IPO subscription period.
What is the GMP (Grey Market Premium) for Shoora Designs IPO? #
The Grey Market Premium for Shoora Designs IPO may vary and can be tracked through reliable financial news sources or forums.
Can non-resident Indians (NRIs) apply for Shoora Designs IPO? #
NRIs can typically apply for IPOs in India, but specific details and guidelines can be found on the official website of the IPO’s lead manager or registrar.
