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News Details

10/08/2023 18:42

Shoora Designs announces launch of initial public offering

Shoora Designs Ltd. has announced public offering of 423000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 38.00 per share. The gross proceeds of the issue are expected to be Rs 203.04 lakhs.

The company's initial public offer (IPO) will open on 17 August 2023 and is expected to close on 21 August 2023, subject to customary closing conditions.

The IPO includes a fresh Issue of 423000 Equity Shares of the Company at an price of Rs 48.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 3000 shares with bids in multiples of 3000.

Shoora Designs Ltd. anticipates using the proceeds of the issue for .

Swaraj Shares and Securities Pvt. Ltd. as lead manager & Karvy Fintech Pvt. Ltd. is the registrar, to the issue.