Shoora Designs IPO Details ( Shoora Designs Limited IPO Review )
(17 Aug 2023 – 21 Aug 2023)
Established in 2021, Shoora Designs Limited operates within the diamond and jewelry manufacturing and trading sector.
The company specializes in crafting natural diamonds and jewelry, with a specific focus on Natural Lab Grown Diamonds and Jewelry.
Shoora sources its natural diamonds from suppliers, while it delegates cleaving, laser cutting, and polishing tasks to local artisans in the Surat domestic market. The planning and handling of rough diamonds, however, are managed in-house. Its primary customer base comprises wholesalers and retailers, primarily located in Surat, Gujarat, and Mumbai, Maharashtra.
Shoora Designs’ jewelry is marketed both through traditional offline channels and various online platforms.
In terms of financials, the company reported revenue from operations of Rs. 105.58 lakhs for the nine-month period concluding on March 31, 2023. For the Financial Year ending on March 31, 2022, the revenue reached Rs. 162.58 lakhs.
Shoora Designs Limited IPO Competitive Strength
- Existing distribution and sales networks
- Optimum Polishing
- Repetitive customers
- Experience of Management
Shoora Designs IPO Financials Performance ( Results )
Shoora Designs Limited Financial Information ( Restated Standalone )
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-21 | 0.75 | 0 | -0.50 | -0.06 | 0.50 | -0.50 | ||
| 31-Mar-22 | 15.03 | 16.26 | 3.91 | 0.50 | 4.41 | 5.00 | 3.41 | |
| 31-Mar-23 | 168.99 | 210.61 | 11.46 | 1.34 | 158.59 | 14.74 | 51.02 | 0.30 |
Objective of IPO Issue
- Working capital requirements
- General corporate purposes
- Issue Management fees including fees and payment to other intermediaries such as Legal Advisors, Registrar to the Issue and other out of pocket expenses
- Fees payable to advertising and marketing expense
- Fees Payable to regulators including stock exchange
- Printing and stationery expenses
- Brokerage and Selling Commission
Shoora Designs IPO Basic Details
| IPO Date | Aug 17, 2023 to Aug 21, 2023 |
| Listing Date | Tuesday, August 29, 2023 |
| Face Value | ₹10 per share |
| Price | ₹48 per share |
| Lot Size | 3000 Shares |
| Issue Size | 424,000 shares (aggregating up to ₹2.03 Cr) |
| Fresh Issue | 424,000 shares (aggregating up to ₹2.03 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 1,075,662 |
| Share holding post issue | 1,498,662 |
| Company Promoters | Mr. Satish K Kansodariya, Mrs. Sejalben Satish Kansodariya And Mr. Rajeshbhai Labhubhai Mer |
Shoora Designs IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
Shoora IPO Timetable
Shoora IPO will open on August 17, 2023 and close on August 21, 2023. You can join Shoora IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 17 August 2023 (Thursday) |
| Closing Date | 21 August 2023 (Monday) |
| Basis of Allotment | 24 August 2023 (Thursday) |
| Initiation of Refunds | 25 August 2023 (Friday) |
| Credit of Shares to Demat | 28 August 2023 (Monday) |
| Listing Date | 29 August 2023 (Tuesday) |
| Deadline for UPI mandate confirmation | 5 PM on 21 August 2023 |
Shoora Designs IPO Lot Size
For retail investors in Shoora Designs IPO, 3000 shares will come in 1 lot or the minimum investment will be ₹144,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹144,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 3000 | ₹144,000 |
| Retail (Max) | 1 | 3000 | ₹144,000 |
| S-HNI (Min) | 2 | 6000 | ₹288,000 |
Shoora Designs IPO Promoter Holding
The company’s promoters include Mr. Satish K Kansodariya, Mrs. Sejalben Satish Kansodariya And Mr. Rajeshbhai Labhubhai Mer.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 71.77% |
Shoora Designs Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | Coming Soon |
| Earning Per Share (EPS) | ₹1.34 per Equity Share |
| Net Asset Value (NAV) | ₹14.74 per Equity Share |
| P/E Ratio (P/E) (x) | 35.82 |
| Return on Net Worth (RoNW) (%) | 7.22 |
| Return on equity (ROE) (%) | 14.06 |
| Return on Capital Employed (ROCE) (%) | 9.89 |
| Debt/Equity Ratio | 0.00 |
Shoora Designs Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| Shoora Designs Limited | Consolidated | 10 | 1.34 | 35.82 | 7.22 | 14.74 |
| Peer Group | ||||||
| Ashapuri Gold Ornament Limited | Consolidated | 10 | 0.71 | 101.39 | 2.16 | 3.30 |
| D.P. Abhushan Limited | Consolidated | 10 | 20.33 | 14.44 | 25.03 | 8.14 |
| Starlineps Enterprises Limited | Consolidated | 5 | 0.14 | 777.14 | 2.50 | 5.66 |
| Veeram Securities Limited | Consolidated | 2 | 0.24 | 31.38 | 11.83 | 19.43 |
Shoora Designs IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 28 August 2023 | ₹12 | – | – |
| 27 August 2023 | ₹12 | – | – |
| 26 August 2023 | ₹0 | – | – |
| 25 August 2023 | ₹0 | – | – |
| 24 August 2023 | ₹0 | – | – |
| 23 August 2023 | ₹0 | – | – |
| 22 August 2023 | ₹0 | – | – |
| 21 August 2023 | ₹0 | – | – |
| 20 August 2023 | ₹0 | – | – |
| 19 August 2023 | ₹0 | – | – |
| 18 August 2023 | ₹0 | – | – |
| 17 August 2023 | ₹0 | – | – |
| 16 August 2023 | ₹0 | – | – |
| 15 August 2023 | ₹0 | – | – |
| 14 August 2023 | ₹0 | – | – |
| 13 August 2023 | ₹0 | – | – |
| 12 August 2023 | ₹0 | – | – |
| 11 August 2023 | ₹0 | – | – |
Shoora Designs IPO Detail Video:
Shoora Designs IPO Subscription Status (Bidding Detail)
The Shoora Designs IPO on August 21, 2023 at 7:29:00 PM was subscribed 64.52 times, with the retail category being subscribed 93.73 times, the other category being subscribed 34.68 times.
| Category | Subscription |
| Other | 34.68x |
| Retail | 93.73x |
| Total | 64.52x |
Shoora Designs IPO Prospectus
| Shoora Designs IPO DRHP | Download |
| Shoora Designs IPO RHP | Download |
| Shoora Designs IPO Anchor Investors Details PDF | Download |
Shoora Designs IPO Rating
| Our Rating | 2.0/5.0 |
Shoora Designs Company Contact Information
Shoora Designs Limited
Registered office: Diamond Apartments Co-op Housing Society,
LT H No. 7/3388/A, 6th floor, C/1, 601, Haththupura char rasta,
Surat – 395003, Gujarat, India.
Tel: +91 9004746705
E-mail: compliance@shooradesigns.com
Website: www.shooradesigns.com
Contact Person: Ms. Priti Mohata, Company Secretary and Compliance Office
Promoters Of The Company: Mr. Satish K Kansodariya, Mrs. Sejalben Satish Kansodariya And Mr. Rajeshbhai Labhubhai Mer
Shoora Designs IPO Registrar
Kfin Technologies Limited
Registered office: Selenium, Tower-B, Plot 31& 32,
Gachibowli Financial District Nanakramguda,
Hyderabad – 500032, Telangana, India
Telephone: +91-40-6716-2222
Email: shooradesigns.ipo@kfintech.com.
Investor Grievance Email ID: einward.ris@kfintech.com
Contact Person: M Murali Krishna
Website: www.kfintech.com
SEBI Registration Number: INR000000221
CIN: L72400TG2017PLC117649
Shoora Designs IPO Lead Manager
Swaraj Shares And Securities Private Limited
Principal Place of Business: 304, A Wing, 215 Atrium Near Courtyard Marriot,
Andheri Kurla Road, Andheri East, Mumbai – 400093, Maharashtra, India
Telephone: +91-22-6964-9973
Email: compliance@swarajshares.com
Investor Grievance Email ID: investor.relations@swarajshares.com
Contact Person: Pankita Patel/ Tanmoy Banerjee
Website: www.swarajshares.com
SEBI Registration Number: INM00012980
CIN: U51101WB2000PTC092621
Shoora Designs IPO FAQs
What is the lot size of Shoora Designs IPO?
The total size of Shoora Designs IPO is ₹2.03 crores and this is a complete fresh Issue.
When will Shoora Designs IPO start?
Shoora Designs IPO will open from 17 August 2023 and IPO will close on 21 August 2023.
What is the open date of Shoora Designs IPO?
Shoora Designs IPO will open date from 17 August 2023.
What is the last date ( close date ) of Shoora Designs IPO?
Shoora Designs IPO will close from 21 August 2023.
What is the price band of Shoora Designs IPO?
Shoora Designs IPO price band is ₹48.
What is the minimum amount required to apply for Shoora Designs IPO?
The minimum investment for retailers to apply for Shoora Designs IPO is ₹144,000 and the maximum investment is ₹144,000.
What is going on gray market premium of Shoora Designs IPO?
View gray market premium of Shoora Designs IPO by Clicking Here
How much is the GMP of Shoora Designs IPO?
Watch Shoora Designs IPO GMP Today: Click Here
What is the allotment date of Shoora Designs IPO?
The allotment date of Shoora Designs IPO is 24 August 2023.
How to check allotment status in Shoora Designs IPO?
To check the allotment status of Shoora Designs IPO, first of all go to the registrar website by clicking here, select your bad Shoora Designs IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Shoora Designs IPO?
The listing date of Shoora Designs IPO is 29 August 2023.
How much will be the listing gain in Shoora Designs IPO?
View listing gain of Shoora Designs IPO by Clicking Here
How much time Shoora Designs IPO is subscribed?
Total 64.52 times subscribed in Shoora Designs IPO out of which 93.73 times subscription was done in retail quota, 34.68 times subscription in other quota.
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