Shoora Designs Limited

Company Profile
Company Name Shoora Designs Limited
Open Date 17-08-2023
Close Date 21-08-2023
Exchange BSE SME
Lot Size 3000 shares
Issue Price ₹ 48 per share
Issue Size 4,24,000 Equity Shares
Application Amount ₹ 1,44,000
Recommendation Avoid
Company was incorporated in the year 2021 and has its registered office in Gujarat.  Company is engaged in the business of procuring rough diamonds through suppliers, internally planning and mapping rough diamonds. The company is out-sourcing the process of cleaving, laser cutting, and polishing from local job-workers in the domestic market of Surat, and is selling of 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,  As on March-23, Company has 9 employees on its payroll.
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Summary of Financials (All financials in Lakh)

For the Period Ended Mar-21 Mar-22 Mar-23
Total Assets 0.75 15.03 168.99
Net Assets 0.50 4.41 158.59
Total Borrowings - - 0.30
Total Revenue - 16.26 210.59
Profit After Tax -0.50 3.91 11.46

Tentative Timeline

Opening Date 17-08-2023
Closing Date 21-08-2023
Basis of Allotment 24-08-2023
Initiation of Refunds 25-08-2023
Credit of Shares to Demat 28-08-2023
Listing Date 29-08-2023

Objects of the Issue

Working capital requirements
General corporate purposes

Contact Information

Registered Office Shoora Designs Limited Diamond Apartments Co-op Housing Society, LT H No. 7/3388/A, 6th floor, C/1, 601, Haththupura char rasta, Surat – 395003
Phone +91 9004746705

Registrar Details

Name Kfin Technologies Limited
Phone 04067162222, 04079611000

IPO Reservation

Other Shares Offered 50%
Retail Shares Offered Not less than 50.00% of the Offer

Shareholding Pattern

Pre Issue Share Holding (Promoters) 100.00%
Post Issue Share Holding (Promoters) 71.77%

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