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SME IPO Status: Listed [17th Aug 2023 to 21st Aug 2023]
Shoora Design IPO of Rs 2.03 Cr is all set to list on the BSE SME platform. The SME IPO opens for subscription from 17 August to 21 August 2023. The face value is Rs 10 per share and the issue price is fixed at Rs 48 per share. One can apply for the minimum order quantity or lot size of Rs 3,000 shares or its multiple.
Stay updated with us to get all Shoora Design BSE SME IPO 2023 details including business operations, financial performance, live subscription, grey market premium (GMP), allotment status check, and more.
| SME IPO Issue Opening Date: | 17th Aug 2023 |
| SME IPO Issue Closing Date: | 21st Aug 2023 |
| SME IPO Issue Price: | ₹48.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | BSE SME |
| Retail Quota: | Not less than 50.00% of the Offer |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹2.03 Cr |
| Fresh Issue: | ₹2.03 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100.00% |
| Promoter Holding Post IPO: | 71.77% |
| Allotment Status: | Allotment Status |
| BSE Code: | 543970 |
Get important updates regarding Shoora Designs SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 24th Aug 2023 |
| Refunds Initiation* | 25th Aug 2023 |
| Credit of Shares to Demat* | 28th Aug 2023 |
| SME IPO Listing Date* | 29th Aug 2023 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹48.00 |
| Market Lot: | 3000 Shares |
| 1 Lot Amount: | ₹144000 |
| Min HNI Lots: | 6000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 29-08-2023 | 48.00 | 12 | 27400 | ₹60 (25%) | 29-Aug-2023 10:43 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Shoora Designs Is engaged in the business of procuring diamond from suppliers and outsource the process of cleaving, laser cutting, and polishing, and then sell the polished cut-diamonds to wholesalers and retailers.
It mainly sell its products to customers based in Surat, Gujarat and Mumbai, Mahrashtra. It generates revenue through selling diamonds offline while online market provides customers the facility to check a variety of diamonds and their prices as well.
During 9 months ending Dec 31, 22, it has reported operational revenue worth Rs 10,558.97 thousands.
| Incorporation | Sector | IPO Issue Size | Website |
| 2021 | Jewelry | ₹2.03 Cr | https://www.shooradesigns.com/ |
The company intends to utilize the net proceeds from the issue towards working capital requirements and general corporate purposes.
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 198,000 (50%) | 198,000 (50%) | 396,000 | |
| 1 | 17th Aug 2023 19:04 | 0.58x | 5.70x | 3.14x |
| 2 | 18th Aug 2023 19:04 | 1.92x | 18.41x | 10.17x |
| 3 | 21st Aug 2023 19:04 | 34.68x | 93.73x | 64.52x |
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 0.75 | 15.03 | 168.99 |
| Revenue | 16.26 | 210.61 | |
| Profit After Tax | -0.50 | 3.91 | 11.46 |
| Net Worth | 0.50 | 4.41 | 158.59 |
| Reserves and Surplus | -0.50 | 3.41 | 51.02 |
| Total Borrowing | 0.30 |
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Shoora Designs Limited | 1.34 | 1.34 | 14.74 | 35.82 | 7.22 | Consolidated |
| Ashapuri Gold Ornament Limited | 0.71 | 0.71 | 3.3 | 101.39 | 2.16 | Consolidated |
| D.P. Abhushan Limited | 20.33 | 20.33 | 8.14 | 14.44 | 25.03 | Consolidated |
| Starlineps Enterprises Limited | 0.14 | 0.14 | 5.66 | 777.14 | 2.5 | Consolidated |
| Veeram Securities Limited | 0.24 | 0.24 | 19.43 | 31.38 | 11.83 | Consolidated |
Last Updated on 02-Sep-2023 06:02:51
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Shoora Designs SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Shoora Designs SME IPO with Zerodha.
Alternate approch to apply in Shoora Designs SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Shoora Designs SME IPO Review and Important Updates
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To subscribe or apply in Shoora Designs SME IPO, you can use the following methods:
| Shoora Designs SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Shoora Designs SME IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Shoora Designs SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Shoora Designs SME IPO. Most of the Syndicate Banks provide access to apply in Shoora Designs IPO via ASBA process. You must have your net banking access, DP ID information to apply in Shoora Designs SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Shoora Designs SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Shoora Designs SME IPO Review and Important Updates
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Shoora Designs SME IPO is going to be list on 29-08-2023. BSE Code for Shoora Designs is 543970.
Other relevant questions:
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Shoora Designs SME IPO Allotment Date is 24-08-2023.
Other relevant questions:
Shoora Designs SME IPO share allotment date?Shoora Designs SME IPO allotment date?
