Shoora Designs Limited (BSE SME)
August 17, 2023 – August 21, 2023
| Price | ₹48 - ₹48 |
| Premium | ₹12 |
|---|---|
| Lot size | 3000 |
| Allotment | Aug 25, 2023 |
| Listing | Aug 29, 2023 |
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/
Last updated as on Aug 21, 2023 5:57:00 PM
| Investor Category | Subscription (times) |
|---|---|
| Market Maker | 1 |
| Non-Institutional Buyers* | 34.68 |
| Retail Investors | 93.73 |
| Total | 64.52 |
Total Application : 8,765 (132.80 times)
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 3000 | 144000 | 0 |
| HNI | 2 | 6000 | 288000 | 0 |
Incorporated in 2021, 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 December 31, 2022, and Rs. 162.57 lacks for the Financial Year ended 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.
| 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 |
Shoora Designs IPO Reservation
| Other Shares Offered | 50% |
| Retail Shares Offered | Not less than 50.00% of the Offer |
Shoora Designs IPO Lead Manager(s)
Swaraj shares and securities private limited
Company Financials
| Period | Mar 2022 | Mar 2023 |
| Assets | 15.03 | 168.99 |
| Revenue | 16.26 | 210.61 |
| Profit | 3.91 | 11.46 |
| Net Worth | ||
| Reserves | 3.41 | 51.02 |
| Borrowing |