Divine Hira Jewellers Limited IPO (Divine Hira Jewellers IPO) Detail
Divine Hira Jewellers IPO is a fixed price issue of Rs 31.84 crores. The issue is entirely a fresh issue of 35.38 lakh shares.
Divine Hira Jewellers IPO opens for subscription on March 17, 2025 and closes on March 19, 2025. The allotment for the Divine Hira Jewellers IPO is expected to be finalized on Thursday, March 20, 2025. Divine Hira Jewellers IPO will be list on NSE SME with a tentative listing date fixed as Monday, March 24, 2025.
Divine Hira Jewellers IPO price is ₹90 per share. The minimum lot size for an application is 1600. The minimum amount of investment required by retail investors is ₹1,44,000. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹2,88,000.
Horizon Financial Pvt Ltd is the book-running lead manager of the Divine Hira Jewellers IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.The market maker for Divine Hira Jewellers IPO is Giriraj Stock Broking Private Limited.
Refer to Divine Hira Jewellers IPO RHP for detailed information.
Divine Hira Jewellers IPO Details
| IPO Date | March 17, 2025 to March 19, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price | ₹90 per share |
| Lot Size | 1,600 Shares |
| Total Issue Size | 35,37,600 shares (aggregating up to ₹31.84 Cr) |
| Fresh Issue | 35,37,600 shares (aggregating up to ₹31.84 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 95,09,500 shares |
| Share Holding Post Issue | 1,30,47,100 shares |
| Market Maker Portion | 1,77,600 shares Giriraj Stock Broking Private Limited |
Divine Hira Jewellers IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net Issue |
Divine Hira Jewellers IPO Timeline (Tentative Schedule)
Divine Hira Jewellers IPO opens on March 17, 2025, and closes on March 19, 2025.
| IPO Open Date | Mon, Mar 17, 2025 |
| IPO Close Date | Wed, Mar 19, 2025 |
| Tentative Allotment | Thu, Mar 20, 2025 |
| Initiation of Refunds | Fri, Mar 21, 2025 |
| Credit of Shares to Demat | Fri, Mar 21, 2025 |
| Tentative Listing Date | Mon, Mar 24, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 19, 2025 |
Divine Hira Jewellers IPO Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹1,44,000 |
| Retail (Max) | 1 | 1600 | ₹1,44,000 |
| HNI (Min) | 2 | 3,200 | ₹2,88,000 |
| Lot Size Calculator | |||
Divine Hira Jewellers IPO Promoter Holding
| Share Holding Pre Issue | 99.74% |
| Share Holding Post Issue | 72.70% |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
About Divine Hira Jewellers Limited
Incorporated in July 2022 Divine Hira Jewellers Limited specializes in designing and marketing premium 22 Karat gold jewelry.
The company caters to wholesalers, showrooms, and retailers with a diverse range of gold jewelry that combines traditional artistry with modern elegance.
Their collection comprises various designs crafted to meet diverse preferences. Products include necklaces, mangalsutras, chains, malas, rings, pendants, bracelets, bangles, kadas, coins, and wedding jewelry. They emphasize localized design, ensuring creations resonate with regional tastes.
The company is a wholesaler of gold jewellery, silver articles, bullions, and coins in Mumbai, Maharashtra.
As of October 31, 2024, the company had nine employees in various departments.
Competitive Strength:
- Established Brand Presence attracts both wholesalers and retailers.
- Portfolio of 22 Karat gold jewelry: necklaces, bangles, chains, rings, pendants, and wedding collections.
- Artisans and in-house designers create unique, regional designs, giving Divine Hira Jewellers a competitive edge.
- For consistent sales, the company maintains strong ties with wholesalers, retailers, and showrooms.
Company Financials
Divine Hire Jewellers Limited Financial Information (Restated)
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 28.54 | 28.97 | 23.26 | 19.78 |
| Revenue | 136.03 | 183.41 | 246.45 | 142.4 |
| Profit After Tax | 2.5 | 1.48 | 0.91 | 0.28 |
| Net Worth | 12.3 | 9.8 | 8.32 | 3 |
| Reserves and Surplus | 9.51 | 7.32 | 7.32 | |
| Total Borrowing | 12.93 | 18.61 | 14.05 | 16.54 |
| Amount in ₹ Crore | ||||
Key Performance Indicator (KPI)
| KPI | Values |
|---|---|
| ROE | 16.36% |
| ROCE | 13.54% |
| Debt/Equity | 1.90 |
| RoNW | 16.36% |
| PAT Margin | 0.81 |
Objects of the Issue (Divine Hira Jewellers IPO Objectives)
The Company Divine Hire Jewellers IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Prepayment or repayment of all or a portion of certain loans availed by the company | 30 |
| 2 | Funding of working capital requirements of the Company | 190 |
| 3 | General corporate purposes | 61.91 |
Sorry, we couldn’t find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
Divine Hira Jewellers IPO Prospectus
Divine Hira Jewellers Limited Contact Details
Divine Hira Jewellers Limited
74/A, 1st Floor, Office No.2,
Opp. Hotel Bhagat Tarachand
Zaveri Bazar, Mumbai 400002
Phone: +91 222 240 2662
Email: info@divinehirajewellers.com
Website: http://www.divinehirajewellers.com/
Divine Hira Jewellers IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
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