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| IPO Listing At | BSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹2.03 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹2.03 Cr |
| Fresh Issue | ₹1.90 Cr |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹48.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 543970 |
| Registrar | Kfin Technologies Ltd. |
| Lead Managers | Swaraj shares & securities... |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 3,000 shares and in multiples thereof
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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working capital requirements | 1.35 |
| 2 | General Corporate Purposes | 0.43 |
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 1.69 | 0.15 | 0.01 |
| Total Income | 2.11 | 0.16 | |
| Profit After Tax | 0.11 | 0.04 | -0.01 |
| NET Worth | 1.59 | 0.04 | 0.01 |
| Reserves and Surplus | 0.51 | 0.03 | -0.01 |
| Amount in ₹ Crore | |||
| KPI | |
|---|---|
| ROE | 14.06% |
| ROCE | 9.89% |
| RoNW | 7.22% |
| PAT Margin | 5.43% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 1.34 | |
| P/E (x) | 35.82 | |
| Promoter Holding | 100.00% | 71.77% |
| Market Cap | ₹7.19 Cr. | |
