Shoora Designs Limited
ListedSMERetail & Consumer Goods · BSE
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.
Price Band
₹48
Issue Size
₹2.03 Cr
Lot Size
3000 shares
GMP
₹12
+25.0%
Est. Listing
₹60
at current GMP
Subscribed
64.52x
overall
Open
17 Aug 2023
Close
21 Aug 2023
Allotment
25 Aug 2023
Refund
26 Aug 2023
Demat Credit
27 Aug 2023
Listing
29 Aug 2023
Last updated 12 days ago
Official Registrar Verification
Shoora Designs Limited Allotment Status
Designated Registrar: Kfin Technologies Limited
Allotment Date
25 Aug 2023
Basis finalization
Refunds Initiate
26 Aug 2023
Mandate release
Demat Credit
27 Aug 2023
Shares in demat
Listing Debut
29 Aug 2023
Trading begins
How to Check Shoora Designs Limited IPO Allotment Status
- Click the Check on Registrar button above to visit Kfin Technologies Limited's allotment portal.
- Select Shoora Designs Limited from the dropdown company list.
- Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
- Enter your details accurately and solve the Captcha code.
- Click Submit / Search to view the number of shares applied and allotted to you.
About Shoora Designs Limited Public Issue & Market Profile
Shoora Designs Limited is bringing an initial public offering (IPO) in the Retail & Consumer Goods sector with an aggregate issue size of ₹2.03 Crores. The shares are offered at a price band of ₹48 to ₹48 per equity share on BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
Public Issue & Allotment Procedure:
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Official Allotment Timelines & Registrar Guidance:
Following the close of bidding on 2023-08-21, the basis of allotment is scheduled to be finalized on 2023-08-25. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Kfin Technologies Limited) or the BSE allotment checking window.
Frequently Asked Questions
What if my name is not showing on the registrar portal?
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
How will I receive the refund if I don't get allotment?
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.