Shoora Designs IPO Date, Review, Price, Allotment Details

Shoora Designs IPO Details: Shoora Designs IPO date is fixed, The IPO will open on August 17 and will close on August 21. Shoora Designs is an BSE SME IPO to raise ₹2.03 crores via IPO. The Shoora Designs IPO price band is fixed at ₹48 with a market lot of 1600 shares.

Shoora Designs IPO

Table of Contents

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.

ApplicationLot SizeSharesAmount
Retail Minimum13000₹144,000
Retail Maximum13000₹144,000
S-HNI Minimum26000₹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
YearRevenueExpensePAT
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/

Shoora Designs IPO FAQs


What is Shoora Designs IPO?

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.

When Shoora Designs IPO will open?

The IPO is to open on August 17, 2023 for QIB, NII, and Retail Investors.

What is Shoora Designs IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the Shoora Designs IPO?

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.

How to Apply the Shoora Designs IPO through Zerodha?

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.

How to Apply the Shoora Designs IPO through Upstox?

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.

How to Apply the Shoora Designs IPO through Paytm Money?

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.

What is Shoora Designs IPO Size?

Shoora Designs IPO size is ₹2.03 crores.

What is Shoora Designs IPO Price Band?

Shoora Designs IPO Price Band is ₹48 per equity share.

What is Shoora Designs IPO Minimum and Maximum Lot Size?

The IPO bid is 3000 shares with ₹144,000.

What is Shoora Designs IPO Allotment Date?

Shoora Designs IPO allotment date is August 24, 2023.

What is Shoora Designs IPO Listing Date?

Shoora Designs IPO listing date is August 29, 2023. The IPO to list on BSE SME.

Note: The Shoora Designs IPO details are announced officially. The IPO grey market premium (Shoora Designs IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.)

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