Divine Hira Jewellers Limited IPO (Divine Hira Jewellers IPO) Detail
Divine Hira Jewellers IPO is a fixed price of Rs 31.84 crores. The issue is entirely a fresh issue of 35.38 lakh shares.
Divine Hira Jewellers IPO bidding started from March 17, 2025 and ended on March 19, 2025. The allotment for Divine Hira Jewellers IPO was finalized on Thursday, March 20, 2025. The shares got listed on NSE SME on 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 Management Private Limited 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 | March 24, 2025 |
| 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 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
Divine Hira Jewellers IPO offers total 35,37,601 shares. Out of which 16,80,000 (47.49%) allocated to NII, 16,80,000 (47.49%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 1,77,600 (5.02%) |
| Other Shares Offered | 16,80,000 (47.49%) |
| Retail Shares Offered | 16,80,000 (47.49%) |
| Total Shares Offered | 35,37,601 (100%) |
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 following 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 |
Divine Hira Jewellers IPO Review (Avoid)
[Dilip Davda] DHJL is engaged in the marketing of 22 Karat gold jewellery with third party job works. It marked inconsistency in its top lines for the reported periods, but the sudden boost in bottom lines from FY24 onwards raises eyebrows and concern over its sustainability. The company is operating in a highly competitive and fragmented segment. Based on its recent financial performance, the issue appears aggressively priced. There is no harm in skipping this pricey and “High Risk/Low Return” bet. Read detail review…
Divine Hira Jewellers IPO Subscription Status (Bidding Detail)
The Divine Hira Jewellers IPO is subscribed 3.93 times on March 19, 2025 6:54:59 PM (Day 3). The public issue subscribed 6.62 times in the retail category, [.] times in the QIB category, and 1.2 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| NII* | 1.2 | 16,80,000 | 20,12,800 | 490 |
| Retail | 6.62 | 16,80,000 | 1,11,28,000 | 6,955 |
| Total | 3.93 | 33,60,001 | 1,31,96,800 | 7,446 |
Total Application : 7,446
*Market Maker portion is not included to NII/HNI.
Divine Hira Jewellers IPO Prospectus
Divine Hira Jewellers IPO Listing Details
| Listing Date | March 24, 2025 |
| BSE Script Code | |
| NSE Symbol | DIVINEHIRA |
| ISIN | INE0NA501011 |
| Final Issue Price | ₹90 per share |
Listing Day Trading Information
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹90.00 |
| Open | ₹90.00 |
| Low | ₹85.50 |
| High | ₹90.00 |
| Last Trade | ₹85.50 |
Check IPO Performance…
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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