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Shoora Designs IPO is a book build IPO listing on BSE SME exchange. The company is based in Surat and caters to Jewellery sector. Swaraj Shares And Securities Private is the merchant banker of Shoora Designs IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 6th April 2023.
Shoora Designs IPO open date is 17th August 2023 and close date is 21st August 2023. IPO Allotment Date is 24th August 2023 and Listing date is 29th August 2023.Shoora Designs IPO size is Rs 2.03 Cr. crores with IPO price of Rs 48.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Swaraj Shares and Securities Private Limited is the book-running lead manager of the Shoora Designs IPO. Kfin Technologies Limited is the Registrar and Market Maker is Rikhav Securities Limited for Shoora Designs IPO.
Shoora Designs IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Shoora Designs IPO, based in Surat, operates in the Jewellery sector with a focus on Manufacturing and trading of diamonds. The company is launching its SME IPO on the BSE SME exchange, using the Fixed Price Issue method. Shoora Designs IPO size is ₹ 2.03 Cr. Crores with fresh issue size of Rs 2.03 Cr. Crores and Offer for sale being Nil.
The IPO allotment date for Shoora Designs IPO is expected to be 24th August 2023, after the finalization of basis of allotment. Investors can check Shoora Designs IPO allotment status on the registrars website, Kfin Technologies Limited. Shoora Designs IPO refund dates are 25th August 2023.
Shoora Designs IPO is expected to be listed on 29th August 2023.
The upper price band for the Shoora Designs IPO is set at ₹ 48.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Shoora Designs IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Shoora Designs IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 21st August 2023. After submission, funds are blocked until the basis of allotment of Shoora Designs IPO is finalised.
The merchant banker for Shoora Designs IPO is Swaraj Shares and Securities Private Limited . Swaraj Shares and Securities Private Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Shoora Designs IPO RHP for further details.
The registrar for Shoora Designs IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited registrar website for IPO allotment status, refund processing, and other queries related to Shoora Designs IPO through their official website or helpline.
Shoora Designs IPO was subscribed 64.52 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 2.03 Cr.
Avg IPO Size (Sector Based)
:
₹ 15.86 Cr.
Sector: Jewellery
SME IPO so far:
41
Merchant Banker:
Swaraj Shares
SME IPO by BRLM so far:
47
City:
Surat
SME IPO so far:
40
Revenue (annualised):
₹ 2.10 cr.
PE
Ratio:
63.16x
Average Sector PE Ratio: 25.29x
Shoora Designs IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Shoora Designs Financial Review Page
Merchant Banker(s) of Shoora Designs IPO: Swaraj Shares and Securities Private Limited
Shoora Designs IPO subscription was 64.52 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Shoora Designs IPO listed at a listing price of 95.76 against the offer price of 48.00.
The current market price of Shoora Designs is 58.82.
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