Incorporated in 2021, Shoora Designs Limited is engaged in the business of manufacturing and trading diamonds and jewelry.
The company manufactures natural diamonds and jewelry mainly focusing on Natural Lab Grown Diamond and Jewelry.
Shoora procures natural diamonds through suppliers and outsources cleaving, laser cutting, and polishing services from local job-workers in the domestic market of Surat while planning and mapping rough diamonds remain in-house. Its major clients come from wholesalers and retailers with business concentration predominantly in Surat, Gujarat, and Mumbai, Maharashtra.
Shoora Designs’ jewelry is available on both offline market and online platforms.
The company recorded Rs. 105.58 lacks revenue from operations for the nine-month period ended December 31, 2022, and Rs. 162.57 lacks for the Financial Year ended March 31, 2022.
Shoora Designs IPO Details
Shoora Designs IPO is a Fixed Price Issue. The IPO total issue size is Rs 2.03 Cr. The Shoora Designs IPO price is ₹48 per share. The IPO will list on BSE SME.
| IPO Date | Aug 17, 2023 to Aug 21, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹48 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 424,000 shares (aggregating up to ₹2.03 Cr) |
| Fresh Issue | 423,000 shares (aggregating up to ₹2.03 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Shoora Designs IPO Reservation
| Other Shares Offered | 50% |
| Retail Shares Offered | Not less than 50.00% of the Offer |
Shoora Designs IPO Timetable (Tentative)
Shoora Designs IPO opens on Aug 17, 2023, and closes on Aug 21, 2023.
| IPO Open Date | Thursday, 17 August 2023 |
| IPO Close Date | Monday, 21 August 2023 |
| Basis of Allotment | Thursday, 24 August 2023 |
| Initiation of Refunds | Friday, 25 August 2023 |
| Credit of Shares to Demat | Monday, 28 August 2023 |
| Listing Date | Tuesday, 29 August 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Aug 21, 2023 |
Shoora Designs IPO Lot Size
The minimum lot size of this Shoora Designs IPO is 3000 shares required is ₹144,000.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹144,000 |
| Retail (Max) | 1 | 3000 | ₹144,000 |
| HNI (Min) | 2 | 6,000 | ₹288,000 |
| Lot Size Calculator |
Shoora Designs IPO Promoter Holding
Mr. Satish K Kansodariya, Mrs. Sejalben Satish Kansodariya, and Mr. Rajeshbhai Labhubhai Mer are the promoters of the company.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding |
Company Financials
| Period Ended | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 15.03 | 168.99 |
| Revenue | 16.26 | 210.61 |
| Profit After Tax | 3.91 | 11.46 |
| Net Worth | ||
| Reserves and Surplus | 3.41 | 51.02 |
| Total Borrowing |
Amount in ₹ Lakhs
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 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
Phone: +91 9004746705
Email: compliance@shooradesigns.com
Website: https://www.shooradesigns.com/
Shoora Designs IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: shooradesigns.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/