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Shoora Designs IPO Dates, Price Band & Other Details

by Financegossips

Shoora Designs IPO is set to open for public subscription on August 17th and close on August 21st. 

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Shoora Designs is involved in manufacturing and trading diamonds and jewelry. It was established in 2021 initially focusing on textiles and apparel, but shifted its objective to the diamond and jewelry industry in the subsequent year. 

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The IPO process spans from August 17th to August 21st. The basis of allotment will be declared on August 24th. The listing date is set for August 29th. 

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The primary purpose of the IPO is to raise funds for working capital requirements and general corporate purposes. 

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The total issue size comprises 424,000 shares, aggregating up to ₹2.03 crore. All shares are part of a fresh issue, and the listing will take place on BSE SME. 

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Shoora Designs' financial data indicates a growth trend. Assets have risen from 0.75 to 168.99 over the years, with revenue increasing from 16.26 to 210.61.

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The promoters of Shoora Designs include Mr. Satish K Kansodariya, Mrs. Sejalben Satish Kansodariya, and Mr. Rajeshbhai Labhubhai Mer. 

Courtesy: Tenor

The diamond industry is undergoing significant changes, including the adoption of AI to enhance accuracy and efficiency across various processes, from sales to exploration and mining. 

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Given the competitive landscape and previous negative cash outflows, potential investors are advised to thoroughly assess all factors before participating in the IPO.

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