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
Overall Subscription
64.52x
Total Demand
QIB Multiplier
0.00x
Institutions & Funds
NII / HNI
0.00x
High Net-Worth
Retail (RII)
0.00x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| Qualified Institutional (QIB) | 211,458 | — | 0.00x |
| Non-Institutional (NII / HNI) | 63,437 | — | 0.00x |
| Retail Individual (RII) | 148,021 | — | 0.00x |
| Total | 422,916 | 0 | 64.52x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 49 | 3,161 | 64.51x |
| HNIs (10L +) | 1 | 65 | 65.00x |
| HNIs (2-10L) | 2 | 129 | 64.50x |
| Total Applications | 52 | 3,355 | 64.52x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
Bidding & Quota Instructions:
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.
Allotment Reconciliation Schedule:
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 (GMP) for Shoora Designs Limited IPO is ₹12 per equity share. Based on the upper price band of ₹48 to ₹48 per equity share, the estimated listing price is ₹60 (+25.0% expected listing 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, the expected profit per application lot is approx ₹36,000 (+25.0% gain). Minimum application cost is approx ₹1,44,000.
What is the issue size and price band for Shoora Designs Limited IPO?
The Shoora Designs Limited IPO aggregate issue size is ₹2.03 Crores with an equity price band set at ₹48 to ₹48 per equity share. The retail lot size is 3000 shares requiring a minimum capital outlay of approx. ₹1,44,000.
How can I check Shoora Designs Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 64.52x (Retail: 0.00x, QIB: 0.00x, NII: 0.00x). You can track live multiples directly on our dedicated subscription page.
Where and when will Shoora Designs Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2023-08-25. Investors can verify status using PAN card or application number.
When is the listing date for Shoora Designs Limited IPO?
Shoora Designs Limited shares are scheduled to list on BSE on 2023-08-29.