Shoora Designs Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹12(25.00%)
Premium (ELP)
The public market debut of Shoora Designs Limited's was completed on Aug 29, 2023 with its listing on the BSE exchange. The IPO process raised 4,24,000 Shares in total capital, consisting of 4,23,000 Shares in new equity.
The offering featured a price range of ₹48 to ₹48 and minimum application size of 3000 shares. Investor response during the subscription period from Aug 17, 2023 to Aug 21, 2023 influenced the final allotment ratios across investor categories.
Final allotment was announced on Aug 25, 2023, distributing shares to successful subscribers. The listing established a continuous market for the company's shares, enabling liquidity, valuation transparency, and broader investor participation.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 2021, Shoora Designs Limited is engaged in manufacturing and trading diamonds and jewelry, with a focus on natural lab-grown diamonds. The company procures rough diamonds through suppliers and outsources cleaving, laser cutting, and polishing services to local job-workers in Surat, while planning and mapping of rough diamonds is done in-house. Its major clients include wholesalers and retailers, with business concentrated in Surat, Gujarat, and Mumbai, Maharashtra. Shoora Designs’ jewelry is available through both offline markets and online platforms. The company recorded revenues of Rs. 105.58 lakhs for the nine months ended December 31, 2022, and Rs. 162.57 lakhs for FY2022.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Mr. Satish K Kansodariya
- Mrs. Sejalben Satish Kansodariya
- Mr. Rajeshbhai Labhubhai Mer
Shoora Designs Limited
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