Shoora Designs IPO GMP Details
Shoora Designs Limited, Founded in 2021, is actively involved in the manufacturing and trading of diamonds and jewelry.
The company specializes in crafting natural diamonds and jewelry, with a primary focus on Natural Lab Grown Diamond and Jewelry.
Shoora procures its natural diamonds through reliable suppliers and collaborates with local artisans in Surat, India, for cleaving, laser cutting, and polishing services. While the planning and mapping of rough diamonds are conducted in-house, the company primarily serves wholesalers and retailers, with a strong business presence in Surat, Gujarat, and Mumbai, Maharashtra.
Shoora Designs showcases its jewelry both in offline markets and online platforms.
For the nine-month period ending March 31, 2023, the company reported revenue from operations of Rs. 105.58 lakhs, and for the Financial Year ended March 31, 2022, it recorded revenue of Rs. 162.58 lakhs.
Objects of the Issue
The company plans to employ the net proceeds from the issue to meet
- its working capital necessities and
- for general corporate purposes.
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 | 29 August 2023 |
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 |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
Shoora Designs IPO Reservation
Other Shares Offered | 50% |
Retail Shares Offered | Not less than 50.00% of the Offer |
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 |
Shoora Designs IPO Dates
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 Limited Financial Report
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 of Shoora Designs IPO
KPI | Values |
---|---|
P/E (x) | 35.82 |
ROE | 14.06% |
ROCE | 9.89% |
EPS (Rs) | 1.34 |
RoNW | 7.22% |
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% |
Shoora Designs Contact Information
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: compliance@shooradesigns.com
Website: https://www.shooradesigns.com/
Shoora Designs IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: shooradesigns.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Shoora Designs IPO FAQs
What is the Shoora Designs IPO?
The Shoora Designs IPO is a SME IPO offering 424,000 equity shares with a face value of ₹10, aggregating up to ₹2.03 Crores. The issue price is ₹48 per share, and the minimum order quantity is 3000 Shares.
When does the Shoora Designs IPO open and close?
The Shoora Designs IPO opens for subscription on August 17, 2023, and closes on August 21, 2023.
Who is the registrar for the Shoora Designs IPO?
Kfin Technologies Limited is the registrar for the Shoora Designs IPO.
Where will the shares of Shoora Designs IPO be listed?
The shares of Shoora Designs IPO are proposed to be listed on BSE SME.
How can I apply for the Shoora Designs IPO through Zerodha?
Zerodha customers can apply for the Shoora Designs IPO online using UPI as a payment gateway. To apply, log in to Zerodha Console (back office), go to Portfolio, click on the IPOs link, select ‘Shoora Designs IPO,’ and enter your UPI ID, Quantity, and Price. Submit the IPO application form and approve the mandate in your UPI App (net banking or BHIM).
What is the lot size of Shoora Designs IPO?
The lot size of Shoora Designs IPO is 3000 Shares, and the minimum amount required for application is ₹144,000.
How can I check the Shoora Designs IPO allotment status?
The finalization of the Basis of Allotment for Shoora Designs IPO will be done on August 24, 2023. The allotted shares will be credited to your demat account by August 28, 2023. You can check the Shoora Designs IPO allotment status during that time.
When is the tentative listing date of Shoora Designs IPO?
The tentative listing date of Shoora Designs IPO is August 29, 2023.