Shoora Designs was incorporated in the year 2021 and was engaged in the business of the ‘Textiles & Apparel’ Industry and ‘Apparel & Accessories’. However, thereafter in the following year, the object of the Company was amended to manufacturing and trading of diamonds and jewelleries.
Since, the year 2022, the Company is engaged in the business of procuring rough diamonds through suppliers, internally planning and mapping rough diamonds, and out-souring the process of cleaving, laser cutting, and polishing from local job-workers in the domestic market of Surat, and is selling of the said polished cut-diamonds to the wholesalers or retailers with business concentration pre-dominantly in Surat, Gujarat, and the newly-explored market of Mumbai, Maharashtra. A substantial majority of our cut and polished diamonds are sold to diamond wholesalers and jewellery manufacturers in the domestic market of Surat and Mumbai.
The revenue from the sale of the diamonds is generated through the offline market, and through our online platform accessible at shooradesigns.com. The online market facilitates and provides customers with an option to browse a variety of diamonds through its catalogue. This catalogue also provides the customers with the price data for each of the products, which thus enables the targeted investor to make well-informed decisions.
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
- Avoid
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 |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
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 |
You can check IPO subscription status and IPO allotment status on their respective pages.
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. Check out the Shoora Designs forms – click BSE IPO Forms download, fill and submit in your bank or with your broker.
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
Company Promoters
- Mr. Satish K Kansodariya
- Mrs. Sejalben Satish Kansodariya
- Mr. Rajeshbhai Labhubhai Mer
Shoora Designs IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/
Shoora Designs IPO Allotment Status
Check Shoora Designs IPO allotment status on Kfin Technologies website URL. Click Here
Shoora Designs IPO Lead Managers aka Merchant Bankers
- Swaraj shares and securities private limited
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/
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