Shoora Designs Limited IPO
BSE SMEListed On: Aug 29, 2023 at ₹ 91.2
₹ 288000 /6000 Shares
*Min Investment
17 Aug, 2023
Open Date21 Aug, 2023
Close Date24 Aug, 2023
Allotment Date29 Aug, 2023
Listing DateShoora Designs Limited IPO Issue Details
- Issue Price ₹48 per equity share
- Face Value ₹10 Per Equity Share
- Issue Price 424,000 shares(aggregating up to ₹2.03 Cr)
- Listing at BSE SME
- List Price 91.2
- Listing Date 2023-08-29
- Lead Manager Swaraj shares and securities private limited
- Registrar Kfin Technologies Limited
Shoora Designs Limited IPO Details
- Retail Portion 50%
Shoora Designs Limited IPO Details
Shoora Designs Limited IPO is an SME IPO, priced at ₹48 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform.
The IPO bidding window is open from Aug 17, 2023 to Aug 21, 2023. The allotment is expected to be finalized on Aug 24, 2023, and the tentative listing date is Aug 29, 2023.
The registrar of the IPO is Kfin Technologies Limited, and
Shoora Designs Limited IPO Subscription Analysis And 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
Shoora Designs Limited Company Financials
| 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 Shoora Designs Limited 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)
Mr. Satish K Kansodariya
Mrs. Sejalben Satish Kansodariya
Mr. Rajeshbhai Labhubhai Mer
Pre Issue Share Holding : 100%
Post Issue Share Holding : 71.77%
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. You can track the real-time subscription numbers using the links below:
Ans. The size of Shoora Designs Limited IPO is 424,000 shares(aggregating up to ₹2.03 Cr).
Ans. The Shoora Designs Limited IPO price band is set between ₹48 per equity share.
Ans. To apply for Shoora Designs Limited 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 Shoora Designs Limited IPO allotment status online.
