Shoora Designs Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Shoora Designs

CMP

46.25

-1.75 (-3.65%)

  • DRHP
₹48

Offer Price

₹ 2.03 Cr

Issue Size

₹ 1,44,000

Min Investment

3,000

Lot size

Time Line

  • 17
    Aug 2023
    Open
  • 21
    Aug 2023
    Close
  • 24
    Aug 2023
    Finalisation of Basis of Allotment
  • 25
    Aug 2023
    Initiation of Refunds
  • 28
    Aug 2023
    Transfer of Shares to Demat Account
  • 29
    Aug 2023
    Listing Date

Objects of the Offer

  • Work with our existing suppliers.

  • Increase our business development appetite by augmenting our available working capital resources.

  • Increase geographical presence.

  • Improve our internal processes and systems.

  • Weaknesses and Threat.

Strengths

  • Quality and focus on customer satisfaction;

  • Expertise;

  • Satisfactory track record

Risks

  • The company has a limited operating history and may be subject to risks inherent in early-stage companies, which may make it difficult for you to evaluate its business and prospects.

  • The company is dependent on third parties for various stages of its operation. As on date of this Draft Prospectus, the company do not have any formal arrangements with the said third-parties, and its may be unable to maintain or establish formal arrangements with such third parties in the future. In the event of any disruptions with such third-party job worker, or failure of such third parties to adhere to the relevant quality standards, or complete the work process, would lead to have a negative effect on its reputation, business, and financial condition.

  • Any significant increase in price of rough diamonds and labour costs could adversely impact its profit margins.

  • The company is exposed to risks associated with online security and fraud.

  • The company e-commerce platform faces distinct risks, and its failure to successfully manage those risks could have a negative impact on the company profitability.

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 0.16 (0.00%) 2.11 (1,218.80%) 7.22 (-)
Gross Profit 0.16 (0.00%) 2.11 (1,218.80%) 7.22 (-)
Net Income 0.16 (0.00%) 2.11 (1,218.80%) 7.22 (-)
Assets 0.16 (0.00%) 2.11 (1,218.80%) 7.22 (-)
Liabilities 0.16 (0.00%) 2.11 (1,218.80%) 7.22 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Shoora Designs Ltd 2.11 0.11 1.59 0.00 7.22 0.00 14.74 16.50 0.00
Ashapuri Gold Ornament Ltd 158.01 1.79 90.71 90.71 2.16 0.71 33.01 1.96 0.08
D. P. Abhushan Ltd 1,975.12 45.32 408.16 408.16 25.02 20.33 81.36 11.10 0.60
Starlineps Enterprises Ltd 19.99 0.61 24.81 24.81 2.50 0.14 5.66 2.46 0.00
Veeram Securities Ltd 18.68 1.79 20.35 20.35 9.12 1.18 2.59 8.79 0.00

Book Running Managers

  • Swaraj Shares and Securities Pvt Ltd

Registrar & Transfer Agent

KFin Techologies Ltd

Karvy Selenium Tow-B,
31&32 Financial Dist,
Nanakramguda - Hyderabad-500032
Phone : 91-40-67162222 Fax: 91-40-23001153/23420814

Company Contact Information

Diamond Aprt Co-op Hsg Society,
LT H No.7/3388/A6thFlr C/1 601,
Surat - 395003
Phone : +91 9004746705 Email : compliance@shooradesigns.com www.shooradesigns.com

Offer Related Information

Initial public issue of 4,23,000 equity shares of face value of Rs. 10.00 each ("Equity Shares") of Shoora Designs Limited (the "Company" or the "Issuer") for cash at a price of Rs. 48.00 per equity share including a share premium of Rs. 38.00 per equity share (the "Issue Price") aggregating to Rs. 2.03 crores ("The Issue"), of which 27,000 equity shares for cash at a price of Rs. 48.00 per equity share including a share premium of Rs. 38.00 per equity share aggregating to Rs. 0.13 crores will... More

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