✓
Open
17 Aug 2023
✓
Close
21 Aug 2023
3
Allotment
—
✓
Listing
Tue, Aug 29, 2023
Price Band
₹48 per share
Issue Size
4,23,000 shares (agg. up to ₹2 Cr)
Lot Size
3,000 Shares
Listing Date
Tue, Aug 29, 2023
Latest GMP
₹12
Est. Gain
25%
✦ AI Insight
GMP Trend
29-08-2023₹12Est. ₹60+25%
28-08-2023₹12Est. ₹60+25%
27-08-2023₹0Est. ₹48+0%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 62.83x |
Restated Financials (₹ Cr.)
| 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 |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Khazanchi Jewellers Ltd. | SME | ₹96.74 Cr | ₹140 | 45.75 | ₹149.40 | +6.71% | ₹631.45 (+0.17%) |
| Dev Labtech Venture Ltd. | SME | ₹11.22 Cr | ₹51 | 32.9 | ₹50.21 | -1.55% | ₹19.51 (-0.46%) |
| PNGS Gargi Fashion Jewellery Ltd. | SME | ₹7.80 Cr | ₹30 | 6.77 | ₹59.85 | +99.50% | ₹639.30 (-3.92%) |
| Senco Gold Ltd. | Mainboard | ₹405.00 Cr | ₹317 | 15.53 | ₹405.30 | +27.85% | ₹364.55 (-0.23%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working capital requirements | 1.35 |
| 2 | General Corporate Purposes | 0.43 |
About Shoora Designs IPO
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.+ Read More
Contact Details
Shoora Designs Ltd. AddressDiamond Apartments Co-op Housing SocietyLT H No.7/3388/A, 6th floorC/1, 601, Haththupura char rastaSurat, Gujarat, 395003+91 9004746705compliance@shooradesigns.comVisit Website