Support and Resistance Levels
Past performance
About Shoora Designs Ltd Shoora Designs Limited, established on March 5, 2021, transitioned from a private entity to a public limited company on January 4, 2023, after acquiring M/s Rajeshbhai Labhubhai Mer's business. Based in Surat, Gujarat, the company specializes in manufacturing and trading diamonds. Shoora Designs sources rough, polished, and uncut diamonds locally, and outsources cleaving, laser cutting, and polishing processes. It primarily operates in Surat and the emerging market of Mumbai, catering to jewellery manufacturers, department stores, retail outlets, and wholesalers.
The company generates revenue through offline sales and an online platform, providing customers with extensive diamond catalogues and pricing information. Originally involved in the textiles and apparel sector, Shoora Designs has redirected its focus to the diamond industry since 2022. It is currently planning an Initial Public Offering (IPO) of 424,000 equity shares to further expand its operations.