What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the estimated listing price for Shoora Designs Limited IPO?

Based on the upper price band of ₹48 and current GMP of ₹12, the estimated listing price is ₹60 (approx. 25.0% gain).

What is the expected profit per lot for Shoora Designs Limited IPO?

With a lot size of 3000 shares and current GMP of ₹12, expected profit per retail application lot is approximately ₹36,000.

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Grey Market Intelligence

Shoora Designs Limited

ListedSME

Retail & 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

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

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Shoora Designs Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹12+25.0%

Issue Price (Upper)

₹48

Band: ₹48

Estimated Listing Price

₹60

Upper price + GMP

Lot Size

3000 shares

Min investment ₹1,44,000

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹12	25.0%	₹60
30 Oct 2026	+₹12	25.0%	₹60
29 Oct 2026	+₹11	22.5%	₹59

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 & Pricing Context:

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.

Basis of Allotment & Listing Timeline:

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 is Shoora Designs Limited IPO GMP today?

The latest grey market premium for Shoora Designs Limited IPO is ₹12, which indicates an expected listing price of ₹60.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.