Shoora Designs Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 198,000 (47%) | — | ₹95 Cr |
| Retail | — | 198,000 (47%) | — | ₹95 Cr |
| Market Maker | — | 27,000 (6%) | — | ₹1 Cr |
| Σ Total | — | 423,000 (100%) | — | ₹2,030 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹144,000 |
| Retail (Max) | 13 | 39,000 | ₹1,872,000 |
| S-HNI (Min) | 14 | 42,000 | ₹2,016,000 |
| B-HNI (Min) | 67 | 201,000 | ₹9,648,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31 Mar 2023 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|
| Revenue | 211 | 16 | — |
| Profit After Tax | 11 | 4 | -1 |
| Net Worth | 159 | 4 | 1 |
| Total Assets | 169 | 15 | 1 |
| Reserves & Surplus | 51 | 3 | -1 |
| Total Borrowing | 0 | — | — |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Working capital requirements – 1.35
- General Corporate Purposes – 0.43
Company Overview
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 March 31, 2023, and Rs. 162.58 lacks for the Financial Year ended March 31, 2022.