The IPO date for Shoora Designs has been confirmed. The IPO will begin on August 17 and end on August 21. Shoora Designs is a BSE SME IPO that will raise 2.03 crores through the IPO. The IPO price band for Shoora Designs is set at 48, with a market lot of 1600 shares.
Shoora Designs was founded in 2021 and was involved in the ‘Textiles & Apparel’ Industry and ‘Apparel & Accessories’. However, the Company’s goal was changed the following year to manufacture and deal with diamonds and jewelry. Since 2022, the Company has been engaged in the business of procuring rough diamonds through suppliers, internally planning and mapping rough diamonds, and outsourcing the process of cleaving, laser cutting, and polishing from local job-workers in the domestic market of Surat and selling the
said polished cut-diamonds to wholesalers or retailers, with business concentration primarily in Surat, Gujarat, and the newly-explored market of Mumbai, Maharashtra. The vast majority of our cut and polished diamonds are sold to diamond wholesalers and jewelry manufacturers in the Surat and Mumbai markets.
The revenue from diamond sales is produced both in the offline market and on our web platform, which can be found at shooradesigns.com. The internet market makes it possible for clients to peruse a wide range of gems in its collection. This catalogue also offers clients with pricing information for each of the products, allowing the targeted investor to make well-informed judgements.
Shoora Designs IPO Date & Price Band Details
| IPO Open: | August 17, 2023 |
| IPO Close: | August 21, 2023 |
| IPO Size: | Approx ₹2.03 Crores, 424,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹48 Per Equity Share |
| IPO Listing on: | BSE SME |
| Retail Quota: | 50% of the net offer |
| NII Quota: | 50% of the net offer |
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 Review
- To be updated soon
Shoora Designs IPO Market Lot
The Shoora Designs IPO minimum market lot is 3000 shares with a ₹144,000 application amount.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 3000 | ₹144,000 |
| Retail Maximum | 1 | 3000 | ₹144,000 |
| S-HNI Minimum | 2 | 6000 | ₹288,000 |
Shoora Designs IPO Dates
The Shoora Designs IPO date is August 17 and the IPO close date is August 21. The IPO allotment date is August 24 and the IPO might list on August 29.
| IPO Open Date: | August 17, 2023 |
| IPO Close Date: | August 21, 2023 |
| Basis of Allotment: | August 24, 2023 |
| Refunds: | August 25, 2023 |
| Credit to Demat Account: | August 28, 2023 |
| IPO Listing Date: | August 29, 2023 |
Shoora Designs IPO Form
How to apply Shoora Designs IPO? –> You can apply Shoora Designs IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Shoora Designs IPO in the Invest section. The other option you can apply Shoora Designs IPO via IPO forms download via the BSE website.
Shoora Designs Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2020 | ₹- | ₹- | ₹- |
| 2021 | ₹- | ₹- | ₹- |
| 2022 | ₹0.01 | ₹0.01 | ₹0.00 |
| 2023 | ₹2.11 | ₹1.95 | ₹0.11 |
Shoora Designs IPO Valuation – FY2023
Check Shoora Designs IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹1.34 per Equity Share |
| Price/Earning P/E Ratio: | 35.82 |
| Return on Net Worth (RoNW): | 7.22% |
| Net Asset Value (NAV): | ₹14.74 per Equity Share |
Peer Group
- Ashapuri Gold Ornament Limited
- D.P. Abhushan Limited
- Starlineps Enterprises Limited
- Veeram Securities Limited
Shoora Designs IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus
Company Address
Shoora Designs Limited
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: [email protected]
Website: https://www.shooradesigns.com
Company Promoters
- Mr. Satish K Kansodariya
- Mrs. Sejalben Satish Kansodariya
- Mr. Rajeshbhai Labhubhai Mer
Shoora Designs IPO Lead Managers aka Merchant Bankers
- Swaraj shares and securities private limited
Shoora Designs IPO FAQs :
Q1. What is Shoora Designs IPO?
Ans. Shoora Designs IPO is an BSE SME IPO. They are going to raise ₹2.03 Crores via IPO. The issue is priced at ₹48 per equity share. The IPO is to be listed on BSE.
Q2. When Shoora Designs IPO will open?
Ans. The IPO is to open on August 17, 2023 for QIB, NII, and Retail Investors.
Q3. What is Shoora Designs IPO Investors Portion?
Ans. The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
Q4. How to Apply the Shoora Designs IPO?
Ans. You can apply Shoora Designs IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
Q5. How to Apply the Shoora Designs IPO through Zerodha?
Ans. Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Shoora Designs”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.
Q6. How to Apply the Shoora Designs IPO through Upstox?
Ans. Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Shoora Designs”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.
Q7. How to Apply the Shoora Designs IPO through Paytm Money?
Ans. Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Shoora Designs”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.
Q8. What is Shoora Designs IPO Size?
Ans. Shoora Designs IPO size is ₹2.03 crores.
Q9. What is Shoora Designs IPO Price Band?
Ans. Shoora Designs IPO Price Band is ₹48 per equity share.
Q10. What is Shoora Designs IPO Minimum and Maximum Lot Size?
Ans. The IPO bid is 3000 shares with ₹144,000.
Q11. What is Shoora Designs IPO Allotment Date?
Ans. Shoora Designs IPO allotment date is August 24, 2023.
Q12. What is Shoora Designs IPO Listing Date?
Ans. Shoora Designs IPO listing date is August 29, 2023. The IPO to list on BSE SME.
