August 17, 2023 - August 21, 2023

Shoora Designs IPO Review & Recommendations

Dilip Davda recommend to "Avoid" the IPO.

Shoora Designs IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	0	0	0	1	0
%	0.00	0.00	0.00	100.00	0.00

Shoora Designs IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Avoid

Shoora Designs IPO Review by Dilip Davda (Avoid)

[Dilip Davda] The company operates in a highly competitive and fragmented segment with many players around. It has posted minuscule financial performance for the last two fiscals. Based on FY23 earnings, the issue is greedily priced. Tiny paid-up equity capital post-listing indicates a longer gestation period for migration to the mainboard. There is no harm in skipping this pricey issue. Read detail review...

Shoora Designs IPO Peer Comparison

Shoora Designs Limited peer comparison with similar listed entities. (Consolidated) (As on March 31, 2023)

Company Name	EPS (Rs)		NAV (per share) (Rs)	P/E (x)	RoNW (%)
Company Name	EPS Basic	EPS Diluted	NAV (per share) (Rs)	P/E (x)	RoNW (%)
Shoora Designs Limited	1.34	1.34	14.74	35.82	7.22
Ashapuri Gold Ornament Limited	0.71	0.71	3.30	101.39	2.16
D.P. Abhushan Limited	20.33	20.33	8.14	14.44	25.03
Starlineps Enterprises Limited	0.14	0.14	5.66	777.14	2.50
Veeram Securities Limited	0.24	0.24	19.43	31.38	11.83

Notes:

Financial information for Shoora Designs Limited is derived from Restated Financial Statements of the company for the year ended March 31, 2023.
All the financial information for listed industry peers mentioned above is on a consolidated basis (unless otherwise available only on a standalone basis) and is sourced from the annual reports/ financial results/public disclosures submitted to stock exchanges or on the company's website, as available of the respective company for the year ended March 31, 2023.
P/E ratio for listed peers is calculated as closing share price (31.3.2023 - BSE) / Diluted EPS for the year ended March 31, 2023.
Net asset value per share (in ₹) = Net worth at the end of the year / Total number of equity shares outstanding as of March 31, 2023.

Shoora Designs IPO Review by Members

Shoora Designs IPO Reviews, analysis and views by popular members. Read Shoora Designs Limited IPO reviews by retail investors to find recommended ipo to buy.

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Shoora Designs IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	0	0	0	1
%	0.00	0.00	0.00	100.00

Member	Review
KHL	Avoid Looking at the figures it's quite surprising how they are demanding such a huge premium. As per me not worth for 20 also. August 11, 2023 8:22:15 AM

Member

Review

KHL

Avoid

Looking at the figures it's quite surprising how they are demanding such a huge premium. As per me not worth for 20 also.

August 11, 2023 8:22:15 AM

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