Shoora Designs Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

17 Aug 2023

Close Date

21 Aug 2023

Allotment

24 Aug 2023

Listing Date

29 Aug 2023

Exchange

BSE SME

Price Band

₹48

Listing Price

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Allotment Status

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Price Band

₹48

Per share

Face Value

₹10 per share

Lot Size

3,000 Shares

per lot

Issue Size

4,23,000 shares (aggregating up to ₹2.03 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹144,000

1 lot

Pre-IPO Holding

10,75,662 shares

Promoters

Post-IPO Holding

14,98,662 shares

Promoters

P/E (Pre)

35.82x

EPS (Pre)

₹1.34

UPI Deadline

2023-08-21

Mandate

Anchor AllotmentWed, 16 Aug 2023

Basis of AllotmentThu, 24 Aug 2023

Refund InitiationFri, 25 Aug 2023

Demat CreditMon, 28 Aug 2023

Listing DayTue, 29 Aug 2023

UPI Mandate Deadline2023-08-21

Sale TypeFresh Capital

Net Offer to Public3,96,000 shares (aggregating up to ₹1.90 Cr)

Market Maker Quota27,000 shares (aggregating up to ₹0.1296 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Shoora Designs Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 21 Aug 2023.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	27,000	—	₹0.13
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	423,000	100%	₹2.03

IPO Shares Offered

Shoora Designs Ltd. IPO total issue size: ₹2.03 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	27,000	₹0.13	6.38%
Total	423,000	₹2.03	100.00%

* Based on upper price band ₹48 per share

Lot Size & Investment

Lot Size

3,000

Shares per Lot

Issue Price

₹48.00

Upper Band

Min Investment

₹144,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	6,000	₹288,000
Retail (Max — 13 Lots)	13	39,000	₹1,872,000
S-HNI (Min — 14 Lots)	14	42,000	₹2,016,000
B-HNI (Min — 68 Lots)	68	204,000	₹9,792,000

* Issue Price ₹48 × Lot Size 3,000 shares

IPO Schedule

Anchor

16 Aug 2023

✓ Done

IPO Open

17 Aug 2023

✓ Done

IPO Close

21 Aug 2023

✓ Done

Allotment

24 Aug 2023

✓ Done

Refunds

25 Aug 2023

✓ Done

Demat Credit

28 Aug 2023

✓ Done

Listing Day

29 Aug 2023

✓ Done

₹48.00

INR · BSE

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Issue ₹48.00 Live Price

About Shoora Designs Ltd.

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.

Objects of the Issue

Working capital requirements

General Corporate Purposes

Shoora Designs Ltd. Financials (Amount in ₹ Lakhs)

Revenue from Operations

N/A

31-Mar-21

₹16.3

31-Mar-22

₹210.6

31 Mar 2023

Profit After Tax (PAT)

-₹0.5

31-Mar-21

₹3.9

31-Mar-22

₹11.5

31 Mar 2023

Particulars	31 Mar 2023	31-Mar-22	31-Mar-21
Revenue from Operations	210.61	16.26	N/A
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	11.46	3.91	-0.50
Net Worth	158.59	4.41	0.50
Total Assets	168.99	15.03	0.75
Reserves & Surplus	51.02	3.41	-0.50
Borrowings	0.30	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

RoE

14.06%

RoCE

9.89%

RoNW

7.22%

Issue Structure & Shareholding

Total Shares Offered4,23,000 (100.00%)

Net Offer to Public3,96,000 shares (aggregating up to ₹1.90 Cr)

Reserved for Market Maker27,000 shares (aggregating up to ₹0.1296 Cr)

Pre-Issue Promoter Holding10,75,662 shares

Post-Issue Promoter Holding14,98,662 shares

P/BV RatioN/A

RoE14.06%

RoCE9.89%

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Kfin Technologies Ltd.

04067162222, 04079611000

shooradesigns.ipo@kfintech.com

https://ipostatus.kfintech.com/

Check Allotment

Book Running Lead Managers

Swaraj shares & securities Pvt.Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Shoora Designs Ltd. IPO subscribed? ▲

Shoora Designs Ltd. IPO is subscribed 1.00 times by Aug 21, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Shoora Designs Ltd. IPO retail subscription status? ▼

The Shoora Designs Ltd. IPO retail category is subscribed 1.00 times as of 21 Aug 2023. The retail portion is oversubscribed.

How to subscribe Shoora Designs Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 17 Aug 2023 and closes 21 Aug 2023. Min investment: ₹144,000 (1 lot = 3,000 shares). UPI mandate: 2023-08-21.

How many times Shoora Designs Ltd. IPO subscribed? ▼

The Shoora Designs Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Shoora Designs Ltd. IPO allotment? ▼

Check allotment on the registrar website (Kfin Technologies Ltd.) at https://ipostatus.kfintech.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 24 Aug 2023. Refunds: on 25 Aug 2023.

When Shoora Designs Ltd. IPO will be listed? ▼

The Shoora Designs Ltd. IPO listing date is 29 Aug 2023, Tuesday. Listed on: BSE SME. Issue price: ₹48. Estimated listing: ₹48. GMP: NIL.

When Shoora Designs Ltd. IPO close? ▼

The Shoora Designs Ltd. IPO closes on 21 Aug 2023, Monday. UPI mandate: 2023-08-21. Allotment: 24 Aug 2023. Listing: 29 Aug 2023.

Quick Actions

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Live Price LIVE

Last Price₹48.00

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Issue Price₹48.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹48

Face Value₹10

Lot Size3,000 Sh

Min. Amount₹144,000

GMPNIL

Est. Listing₹48

Subscribed1.00x

Open Date17 Aug 2023

Close Date21 Aug 2023

Allotment24 Aug 2023

Listing Date29 Aug 2023

ExchangeBSE SME

UPI Deadline2023-08-21