Shoora Designs IPO GMP Today ( Grey Market Premium )

The Shoora Designs IPO commenced on August 17, 2023, and concluded on August 21, 2023. The allotment of shares took place on August 24, 2023, and the initiation of refunds began on August 25, 2023. The shares were credited to the demat accounts of investors on August 28, 2023. Finally, the listing of Shoora Designs on the stock exchange occurred on August 29, 2023.

The Shoora Designs IPO was priced at ₹48 per share, with a lot size of 3000. The total issue size was ₹2.03 crores, comprising a fresh issue of ₹2.03 crores. The IPO was listed on the BSE SME.

In terms of quota reservations, the other quota was reserved for 50% of the shares and the retail quota was reserved for 50% of the shares.

Shoora Designs IPO Basic Details

Shoora Designs IPO GMP Today:

Shoora IPO Details:

Established in 2021, Shoora Designs Limited specializes in the production and trade of diamonds and jewelry. The company primarily crafts natural diamonds and jewelry, with a specific focus on Natural Lab Grown Diamonds and Jewelry.

Shoora procures its natural diamonds from suppliers and delegates cleaving, laser cutting, and polishing tasks to local artisans in Surat’s domestic market. Internal teams handle the planning and mapping of rough diamonds. Its main clientele consists of wholesalers and retailers, primarily centered in Surat, Gujarat, and Mumbai, Maharashtra.

Shoora Designs’ jewelry is available both offline and through online platforms. For the nine-month period concluding on March 31, 2023, the company reported revenue from operations amounting to Rs. 105.58 lakh. Additionally, for the Financial Year ending on March 31, 2022, the company recorded revenue of Rs. 162.58 lakh.

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