Shoora Designs Limited IPO
i. Shoora Designs is engaged in the business of procuring rough diamonds through suppliers, internally planning and mapping rough diamonds, and is out-souring 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, Maharashtra. A substantial majority of our cut and polished diamonds are sold to diamond wholesalers and the jewellery manufacturers in the domestic market of Surat and Mumbai.
ii. The revenue from sale of the diamonds is generated through offline market, and through their online platform accessible at https://www.shooradesigns.com/shop/. The online market facilitates and provides the customers with an option to browse variety of diamonds through its catalogue. This catalogue also provides the customers with the price data for each of the products, which thus enables the targeted investor to make a well-informed decisions.
BUSINESS PROCESS
i. Procurement of Rough Diamonds
ii. Assortment of Rough Diamonds
iii. Quality check
iv. Security
v. Sorting and Processing
vi. Polishing
vii. Sales and Track Order
viii. Maintaining stock register
COMPETITIVE STRENGTHS
i. Existing distribution and sales networks
ii. Optimum Polishing
iii. Repetitive customers
iv. Experience of Management.
Objects of the Shoora Designs Limited IPO:
Shoora Designs Limited IPO Details:
Open Date: | Aug 17 2023 |
Close Date: | Aug 21 2023 |
Total Shares: | 423000 |
Face Value: | ₹ 10 Per Equity Share |
Issue Type: | Fixed Issue |
Issue Size: | 2.03 Cr. |
Lot Size: | 3000 Shares |
Issue Price: | ₹ 48 Per Equity Share |
Listing At: | BSE SME |
Listing Date: | Aug 29 2023 |
Promoters And Management:
Financials of Shoora Designs Limited IPO:
Pariculares ( In Lakhs ) |
2021 |
2022 |
2023 |
Revenue from Operations | 0 | 16 | 211 |
Other Income | 0 | 0 | 0.01 |
Total Revenue | 0 | 16 | 211 |
Cost of Materials Consumed | 0 | 0 | 105 |
Purchase of Stock in Trade | 0 | 10 | 97 |
Change in Inventories | 0 | 0 | -39 |
Employee Benefits Expense | 0 | 0 | 5 |
Other Expenses | 0 | 0.9 | 25 |
EBITDA | -0.5 | 5 | 16 |
Depreciation & Amortisation | 0 | 0.06 | 0.7 |
Finance Cost | 0 | 0.02 | 0.2 |
EBIT | -0.5 | 5 | 16 |
OPM (%) | 0.00% | 31.97% | 7.80% |
PBT | -1 | 5 | 16 |
Tax | 0 | 1 | 4 |
PAT | -1 | 4 | 11 |
NPM (%) | 0.00% | 24.07% | 5.44% |
No.of Shares | 14.98 | 14.98 | 14.98 |
EPS | -0.03 | 0.26 | 0.76 |
Comparison With Peers:
Name of the Company | Revenue (In Crore) | PAT (In Crore) | EPS ( in Rs) | P/E | CMP | Mcap (In Crore) |
Shoora Designs Limited | 2 | 0.11 | 0.76 | 62.8 | 48 | 7 |
Ashapuri Gold Ornament Limited | 158 | 2 | 0.07 | 148 | 10.6 | 264 |
D.P. Abhushan Limited | 1,975 | 45 | 20.36 | 17.9 | 365 | 813 |
Starlineps Enterprises Limited | 20 | 0.61 | 0.14 | 541 | 108 | 466 |
Veeram Securities Limited | 19 | 1.79 | 0.24 | 25.3 | 8.65 | 65 |
Recommendation on Shoora Designs Limited IPO:
Lead Manager of Shoora Designs Limited IPO:
Registrar of Shoora Designs Limited IPO:
Company Address:
Discussion on Shoora Designs Limited IPO:
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