Shoora Designs IPO Details: Date, Price Band, & Much More

shoora designs ipo details

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Shoora Designs IPO

Shoora Designs IPO will be open for public subscription on August 17th, and the issue will conclude on August 21st.

The Company is operational in the domain of manufacturing and trading diamond along with jewelry.

They will offer their shares at a price band of Rs 48 a piece at face value of Rs 10 per share. An investor can bid for 3000 shares in a single lot.

Objectives of Shoora Designs IPO

The objective of the issue is to utilize the net proceeds from the issue towards working capital requirements and general corporate purposes.


Shoora Designs IPO Details

IPO DateAug 17, 2023 to Aug 21, 2023
Listing Date29 August 2023
Face Value₹10 per share
Price₹48 per share
Lot Size3000 Shares
Total Issue Size424,000 shares
(aggregating up to ₹2.03 Cr)
Fresh Issue423,000 shares
(aggregating up to ₹2.03 Cr)
Issue TypeFixed Price Issue IPO
Listing AtBSE SME
Share holding pre issue1,075,662
Share holding post issue1,498,662

Shoora Designs IPO Tentative Timetable

IPO Open DateThursday, 17 August 2023
IPO Close DateMonday, 21 August 2023
Basis of AllotmentThursday, 24 August 2023
Initiation of RefundsFriday, 25 August 2023
Credit of Shares to DematMonday, 28 August 2023
Listing DateTuesday, 29 August 2023
Cut-off time for UPI mandate confirmation5 PM on Aug 21, 2023

Shoora Designs IPO Reservation

Anchor Investor Shares Offered
Market Maker Shares Offered27,000 (6.38%)
Other Shares Offered198,000 (46.81%)
Retail Shares Offered198,000 (46.81%)
Total Shares Offered423,000 (100%)

Shoora Designs IPO Financials

Period Ended31 Mar 202131 Mar 202231 Mar 2023
Profit After Tax-0.503.9111.46
Net Worth0.504.41158.59
Reserves and Surplus-0.503.4151.02
Total Borrowing0.30

Shoora Designs IPO Promoters

The Company’s promoters included Mr. Satish K Kansodariya, Mrs. Sejalben Satish Kansodariya, and Mr Rajeshbhai Labhubhai Mer.

Shoora Designs Limited Company Background

Shoora Design Limited was formulated in 2021, and its core business was “Textiles and Apparel” In the following year, the Company’s objective was amended to manufacturing and trading jewelry and diamonds.

Since 2022, the Company has been procuring rough diamonds through suppliers, internally planning and mapping rough diamonds, and outsourcing the process of cleaving, laser cutting, and polishing from local job-workers in Surat’s domestic market and selling the said polished cut diamonds.

Shoora Designs Industry Overview

The diamond industry is undergoing major changes that will impact the future landscape.


One of the visible trends is using AI at an extensive level, as it helps improve the accuracy and efficiency of various processes, including sales, exploration, and mining.

Shoora Designs IPO GMP

According to market sources, the latest GMP price of Shoora Designs issue is 0.

Coming to the grey market, it is an unofficial platform for trading in IPO shares and is tracked due to its ability to gauge the issue price.

Wrap Up on Shoora Designs Limited IPO

Shoora Designs is operational in a competitive landscape and has experienced negative cash outflows earlier.


The ability of the Company to sustain the same economic growth as in FY is still being determined. Hence potential investors should evaluate all the factors before participating in the IPO.

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