Shoora Designs Limited IPO (Shoora Designs IPO)

Shoora Designs Limited IPO
Upcoming Shoora Designs IPO | New Shoora Designs IPO

Shoora Designs Limited is engaged in the business of ‘Textiles & Apparel Industry andApparel & 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

Shoora Designs IPO – Details

IPO Opening Date17 August 2023
IPO Closing Date21 August 2023
Issue TypeFixed Price Issue IPO
Issue Size424,000 Shares Worth ₹2.03 Crore
Fresh Issue: 424,000 Shares Worth ₹2.03 Crore
Face Value₹10 per equity share
IPO Price₹48
Market Lot3000 Share
Min Order3000 Share (1 Lot)
Listing AtBSE SME
RegisterKfin Technologies Limited
Other Shares Offered50%
Retail Shares Offered50%

Shoora Designs IPO – Date Schedule

IPO Open Date17 August 2023
IPO Close Date21 August 2023
Basis of Allotment24 August 2023
Initiation of Refund25 August 2023
Credit of Shares to Demat Account28 August 2023
IPO Listing Date29 August 2023
Cut-off time for UPI mandate confirmation5 PM on 21 Aug, 2023

Shoora Designs IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)130001,44,000
Retail (Maximum)130001,44,000
HNI (Minimum)260002,88,000

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.
Shoora Designs IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 202100.005-0.0050
31 March 20220.160.110.050
31 December 20221.050.810.230
Amount in ₹ Crore

Key Performance Indicator

P/E (x)35.82
Market Cap (₹ Cr.)7.19
EPS (Rs)1.34

Shoora Designs IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding71.77%

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

Shoora Designs IPO Registrar

Kfin Technologies Limited

04067162222, 04079611000

Shoora Designs IPO Lead Manager(s)

1. Swaraj Shares and Securities Private Limited

Shoora Designs IPO FAQs

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.
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