Shoora Designs Limited is engaged in the business of ‘Textiles & Apparel’ Industry and ‘Apparel & Accessories’. However, thereafter in the following year, the object of the Company was amended to manufacturing and trading diamonds and jewellery.
Since 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.
It is then selling 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.
Shoora Designs IPO – Details
| IPO Opening Date | 17 August 2023 |
| IPO Closing Date | 21 August 2023 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 424,000 Shares Worth ₹2.03 Crore Fresh Issue: 424,000 Shares Worth ₹2.03 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹48 |
| Market Lot | 3000 Share |
| Min Order | 3000 Share (1 Lot) |
| Listing At | BSE SME |
| Register | Kfin Technologies Limited |
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
Shoora Designs IPO – Date Schedule
| IPO Open Date | 17 August 2023 |
| IPO Close Date | 21 August 2023 |
| Basis of Allotment | 24 August 2023 |
| Initiation of Refund | 25 August 2023 |
| Credit of Shares to Demat Account | 28 August 2023 |
| IPO Listing Date | 29 August 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on 21 Aug, 2023 |
Shoora Designs IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 3000 | 1,44,000 |
| Retail (Maximum) | 1 | 3000 | 1,44,000 |
| HNI (Minimum) | 2 | 6000 | 2,88,000 |
Competitive Strengths
- Quality and focus on customer satisfaction;
- Expertise;
- Satisfactory track record.
Company Promoters
- Mr. Satish K Kansodariya
- Mrs. Sejalben Satish Kansodariya
- Mr. Rajeshbhai Labhubhai Mer
Object Of The Issue
- Funding of working capital requirements.
- General Corporate Purposes.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 0 | 0.005 | -0.005 | 0 |
| 31 March 2022 | 0.16 | 0.11 | 0.05 | 0 |
| 31 December 2022 | 1.05 | 0.81 | 0.23 | 0 |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 35.82 |
| Market Cap (₹ Cr.) | 7.19 |
| ROE | 14.06 |
| ROCE | 9.89 |
| EPS (Rs) | 1.34 |
| RoNW | 7.22 |
Shoora Designs IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 71.77% |
Shoora Designs IPO Prospectus
Company 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, Gujarat, India Phone: +91 9004746705 Email: compliance@shooradesigns.com Website: 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 Lead Manager(s)
| 1. Swaraj Shares and Securities Private Limited |
Shoora Designs IPO FAQs
| What is Shoora Designs IPO? Shoora Designs IPO is a SME IPO. The issue is priced at ₹48 per equity share. The IPO is to be listed on BSE SME. |
| When Shoora Designs IPO will open? The IPO is to open on 17 August 2023 for NII and Retail Investors. |
| How to 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 5 Paisa? Log in to 5 Paisa 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 5 Paisa. |
| How to Apply the Shoora Designs IPO through Edelweiss? Log in to Angle One 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 Edelweiss. |
| 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. |
| What is Shoora Designs IPO Minimum and Maximum Lot Size? The minimum bid is 3000 Shares with ₹1,44,000 amount while the maximum bid is 3000 shares with ₹1,44,000. |
| What is the Shoora Designs IPO Allotment Date? Shoora Designs IPO allotment date is 24 August 2023. |
| What is the Shoora Designs IPO Listing Date? Shoora Designs IPO listing date is 29 August 2023. The IPO is to list on BSE SME. |
