Shoora Designs Limited IPO: A Look at the Key Details and Should You Invest?

Shoora Designs Limited IPO: A Look at the Key Details

Shoora Designs Limited is a women's apparel brand that was founded in 2021. The company offers a wide range of products, including kurtas, sarees, lehengas, and accessories. Shoora Designs is headquartered in Ahmedabad, Gujarat, and it has a presence in over 500 cities across India.

The company is looking to raise ₹2.03 crore through its IPO. The IPO comprises a fresh issue of 4,24,000 equity shares. The price band for the IPO is ₹46-48 per share. The IPO opens for subscription on August 17, 2023, and closes on August 21, 2023.

The proceeds from the IPO will be used to fund the company's growth plans, including expansion of its retail network, development of new products, and marketing initiatives.

Know more about  Shoora Designs Limited IPO.

Here are some of the key details of the Shoora Designs Limited IPO:

• Issue size: ₹2.03 crore

• Fresh issue: 4,24,000 equity shares

• Price band: ₹46-48 per share

• IPO opens: August 17, 2023

• IPO closes: August 21, 2023

• Listing date: Tentative, August 29, 2023

Should you invest in Shoora Designs Limited IPO?

Shoora Designs Limited is a relatively new company, but it has a strong growth potential. The company has a good brand name and a wide distribution network. The IPO is also well-priced. However, it is important to do your own research before investing in any IPO.

Here are some of the factors to consider before investing in Shoora Designs Limited IPO:

• The company's financial performance: Shoora Designs has been growing its revenue and profit steadily in recent years. The company's financial performance is strong and it has a good track record of profitability.

• The company's management team: Shoora Designs has a strong management team with a proven track record in the apparel industry. The management team is committed to growing the company and creating value for shareholders.

• The IPO valuation: Shoora Designs is well-priced for an IPO. The price band is reasonable and the company has a good growth potential.

Overall, Shoora Designs Limited IPO is a good investment opportunity for investors who are looking for exposure to the growing women's apparel market in India. However, it is important to do your own research before investing in any IPO.

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