Important dates with respect to IPO allotment and listing
To be announced
Shoora Designs was incorporated in 2021 and was engaged in the business of ‘Textiles & Apparel’ Industry and ‘Apparel & Accessories’. However, thereafter in the following year, the object of the Company was amended to manufacturing and trading diamonds and jewellery.
Since 2022, the company is engaged in the business of procuring rough diamonds through suppliers, internally planning and mapping rough diamonds, and out-souring the process of cleaving, laser cutting, and polishing from local job-workers in the domestic market of Surat.
It is then selling the said polished cut diamonds to the wholesalers or retailers with business concentration pre-dominantly in Surat, Gujarat, and the newly-explored market of Mumbai, Maharashtra. The opening, closing and other important dates related to Shoora Designs Limited IPO are yet to be announced.
Shoora Designs Limited IPO Details
Shoora Designs Limited IPO is a 100% fresh issue of up to 4,24,000 equity shares with a face value of ₹10 each. The IPO will list on the NSE exchange; the date is yet to be announced.
Shoora Designs Limited IPO Objective
The objectives of Shoora Designs Limited's IPO are listed below:
- For funding working capital requirements.
- For general corporate purposes.
Should you invest in Shoora Designs Limited?
Here are a few important reasons to consider before investing in the IPO:
- Shoora Designs is an established player in the domestic market of Gujarat and is looking forward to the expansion of its geographical reach.
- The company has a limited operating history and may be subject to risks inherent in early-stage companies, which may make it difficult for investors and others to evaluate our business, performance and prospects.
Ashapuri Gold Ornament Limited, D.P. Abhushan Limited, Starlineps Enterprises Limited, and Veeram Securities Limited are the peer companies listed in India engaged in the same business line.
Highlights of Shoora Designs Ltd
- Shoora Designs Limited is a 2-year-old public limited company based in Surat, Gujarat, India. It offers a wide range of products and services in the category of Diamonds & Diamond Jewellery.
- The company has a team of over 50 experienced jewellers. It sells its products online and through a network of authorised retailers.
- The company focuses on a customer-centric approach, aiming to meet the needs and preferences of its customers. This suggests that they prioritise customer satisfaction and strive to build strong relationships with their clientele.
|Particulars||Period Ended 31st Dec 2022||Year Ended 31st March, 2022||Year Ended 31st March, 2021|
|Revenue from Operations||10,558.97||1,625.78||-|
|Profit After Tax (PAT)||1,750.97||391.39||50.00|
Know before investing
Shoora Designs Limited has profound industrial expertise, which can be attributed to its experienced leadership and dedicated team. This expertise enables them to navigate the challenges of the industry and make informed decisions.
The company has a stringent quality control process in place, with an internal control team monitoring the manufacturing processes. This emphasis on quality excellence indicates a commitment to delivering products that meet high standards.
The company prides itself on being one step ahead of its peers when it comes to the performance and quality of its products. This indicates a commitment to delivering high-quality goods to customers.
Any significant increase in the price of rough diamonds and labour costs could adversely impact the company’s profit margins and, eventually the revenue.
There is no assurance that the confidential information of the suppliers and customers will be kept protected on third-party payment gateways.
The income and sales of Shoora Designs are subject to seasonal fluctuation, and lower income in a peak season may have a disproportionate effect on the company’s results of operation.
Login to Angel One App / Website & click on IPO
Select desired IPO & tap on "Apply"
Enter UPI ID, set quantity/price & submit
Accept mandate on the UPI app to complete the process
Login to Angel One App / Website
Choose IPO section on Home Page
Click IPO Orders
Chose the IPO application you want to view the status for
Shoora Designs Ltd IPO FAQs
The Shoora Designs Ltd IPO is a fresh issue of 4,24,000 equity shares. The price band is yet to be announced.
The Basis of Allotment date is yet to be announced.
The lot size for Shoora Designs Ltd. is yet to be announced.
The IPO subscription window open date is yet to be announced.
Retail investors can apply for a minimum of one lot.
Shoora Designs Ltd. IPO will list on the NSE exchange. The date is yet to be announced.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Validate with an OTP.
- Enter your application number, DP ID, and PAN number into the app
- Click on ‘Submit’
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange, which is yet to be announced, for Shoora Designs Ltd.
The bank will only block the amount initially in your account. Under the new system, the money isn’t debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
The minimum order size for the Shoora Designs Limited IPO is yet to be announced.