The Shoora Designs IPO started on August 17, 2023, and ended on August 21, 2023. Shares were allocated on August 24, 2023, and refund processes began on August 25, 2023. On August 28, 2023, the shares were credited to investors demat accounts. Shoora Designs was officially listed on the stock exchange on August 29, 2023.
During the IPO, Shoora Designs offered shares at a price range of ₹48 per share, and the lot size was 3000 shares. The total issue size was ₹2.03 crores, with ₹2.03 crores from new shares. The IPO was listed on the BSE SME.
Regarding share reservations, 50% of the shares were allocated to other, and 50% were set aside for retail investors.
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Shoora Designs IPO Subscription Status
The Shoora Designs IPO on August 21, 2023 was subscribed 64.52 times, with the retail category being subscribed 93.73 times, the other category being subscribed 34.68 times.
| Category | Subscription |
| Other | 34.68x |
| Retail | 93.73x |
| Total | 64.52x |
Shoora Designs IPO Basic Details
| Company Name | Shoora Designs Limited |
| Domain of Company | Manufacturing and Trading Diamonds and Jewelry |
| IPO Open Date | August 17, 2023 |
| IPO Close Date | August 21, 2023 |
| IPO Allotment Date | August 24, 2023 |
| IPO Listing Date | August 29, 2023 |
| Face Value | ₹10 per share |
| Price | ₹48 per share |
| Lot Size | 3000 Shares |
| Issue Size | 424,000 shares (aggregating up to ₹2.03 Cr) |
| Fresh Issue | 424,000 shares (aggregating up to ₹2.03 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Company Promoters | Mr. Satish K Kansodariya, Mrs. Sejalben Satish Kansodariya And Mr. Rajeshbhai Labhubhai Mer |
About Shoora Designs Limited
Established in 2021, Shoora Designs Limited specializes in the production and trading of diamonds and jewelry. The company’s primary focus is on crafting natural lab-grown diamonds and jewelry, with the procurement of raw diamonds from suppliers and the engagement of local job-workers in Surat for services like cleaving, laser cutting, and polishing. While rough diamond planning and mapping are handled in-house, Shoora primarily caters to wholesalers and retailers in Surat, Gujarat, and Mumbai, Maharashtra. The company’s jewelry is accessible both through physical retail outlets and online platforms. Notably, Shoora Designs achieved revenues of Rs. 105.58 lakhs during the nine-month period ending March 31, 2023, and Rs. 162.58 lakhs for the fiscal year ending March 31, 2022.
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Shoora Designs IPO FAQs
What is the start and end date of Shoora Designs IPO Subscription?
The Shoora Designs IPO started on August 17, 2023, and ended on August 21, 2023.
When does Shoora Designs IPO Subscription open?
The Shoora Designs IPO open on August 17, 2023.
When does Shoora Designs IPO Subscription close?
The Shoora Designs IPO Close on August 21, 2023.
What is the allotment date of Shoora Designs IPO?
The allotment date for Shoora Designs IPO is August 24, 2023.
When is the initial refund date of Shoora Designs IPO?
The initial Refund date for Shoora Designs IPO is August 25, 2023.
When were the shares credited to investors demat accounts for the Shoora Designs IPO?
The shares for the Shoora Designs IPO were credited to investors demat accounts on August 28, 2023.
When will Shoora Designs IPO be listed on the stock market?
Shoora Designs IPO stock market will be listed on August 29, 2023 at 10 am.
What was the price range of the Shoora Designs IPO shares?
The Shoora Designs IPO shares were offered at a price range of ₹48 per share.
What was the lot size for the Shoora Designs IPO shares?
The lot size for the Shoora Designs IPO shares was 3000 shares.
What was the total issue size of the Shoora Designs IPO?
The total issue size of the Shoora Designs IPO was ₹2.03 crores.
How were the shares allocated among different types of investors for the Shoora Designs IPO?
50% of the shares were allocated to other and 50% were set aside for retail investors.
On which stock exchanges was the Shoora Designs IPO listed?
The Shoora Designs IPO was listed on the BSE SME.
What is the Shoora Designs IPO Subscription Status?
Shoora Designs IPO is subscribed 64.52 Times.
