Fixed Price IPO | ₹32 Cr | Listed at NSE SME | Mon, Mar 17, 2025 - Wed, Mar 19, 2025
Divine Hira Jewellers IPO is a fixed price issue of ₹31.84 crores. The issue is entirely a fresh issue of 0.35 crore shares of ₹31.84 crore.
Divine Hira Jewellers IPO bidding started from Mar 17, 2025 and ended on Mar 19, 2025. The allotment for Divine Hira Jewellers IPO was finalized on Mar 20, 2025. The shares got listed on NSE SME on Mar 24, 2025.
Divine Hira Jewellers IPO price is ₹90 per share. The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹1,44,000 (1600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (3,200 shares), amounting to ₹2,88,000.
Horizon Management Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Giriraj Stock Broking Pvt.Ltd..
Refer to Divine Hira Jewellers IPO RHP for detailed Information.
IPO Open
Mon, Mar 17, 2025
IPO Close
Wed, Mar 19, 2025
Issue Price
₹90 per share
Market Cap (Pre-IPO)
To be declared
| IPO Date | 17 to 19 Mar, 2025 |
| Listed on | Mon, Mar 24, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹90 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 35,37,600 shares (agg. up to ₹32 Cr) |
| Reserved for Market Maker | 1,77,600 shares Giriraj Stock Broking Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 33,60,000 shares (agg. up to ₹30 Cr) |
| Net Offered to Public | 33,60,000 shares (agg. up to ₹30 Cr) |
| Share Holding Pre Issue | 95,09,500 shares |
| Share Holding Post Issue | 1,30,47,100 shares |
| NSE Symbol | DIVINEHIRA |
| ISIN | INE0NA501011 |
Divine Hira Jewellers IPO comprises a total issue size of 35,37,600 shares. The net offer to the public is 33,60,000 shares, after excluding 1,77,600 shares allotted on a firm basis. Of the Net offer 16,80,000 (50.00%) allocated to NII 16,80,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 16,80,000 | 50.00% | 47.49% |
| Retail Shares Offered | 16,80,000 | 50.00% | 47.49% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,77,600 | 5.02% | |
| Total Shares Offered | 35,37,600 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,44,000 |
| Retail (Max) | 1 | 1,600 | ₹1,44,000 |
| HNI (Min) | 2 | 3,200 | ₹2,88,000 |
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:
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 28.54 | 28.97 | 23.26 | 19.78 |
| Total Income | 136.03 | 183.41 | 246.45 | 142.40 |
| Profit After Tax | 2.50 | 1.48 | 0.91 | 0.28 |
| NET Worth | 12.30 | 9.80 | 8.32 | 3.00 |
| Reserves and Surplus | 9.51 | 7.32 | 7.32 | |
| Total Borrowing | 12.93 | 18.61 | 14.05 | 16.54 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Prepayment or repayment of all or a portion of certain loans availed by the company | 3.00 |
| 2 | Funding of working capital requirements of the Company | 19.00 |
| 3 | General corporate purposes | 6.19 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 16.36% |
| ROCE | 13.54% |
| Debt/Equity | 1.90 |
| RoNW | 16.36% |
| PAT Margin | 0.81% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 99.74% | 72.7% |
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.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees including fees and reimbursements of Market Making fees and payment to other Intermediaries such as Legal Advisors to the IPO, Registrars and other out of pocket expenses. | 0.80 |
| 2 | Marketing and Selling Commission and expenses | 2.40 |
| 3 | Advertising and marketing expenses | 0.24 |
| 4 | Printing and distribution of issue stationery | 0.02 |
| 5 | Others - Listing fees | 0.01 |
| 6 | Others - SEBI and NSE processing fees | 0.00 |
| 7 | Others - NSE IPO software fees | 0.04 |
| 8 | Others - Other regulatory expenses | 0.05 |
| 9 | Others - Miscellaneous | 0.10 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹90.00 |
| Open | ₹90.00 |
| Low | ₹85.50 |
| High | ₹90.00 |
| Last Trade | ₹85.50 |
Lead Manager Reports
Divine Hira Jewellers IPO is a SME IPO of 35,37,600 equity shares of the face value of ₹10 aggregating up to ₹32 Crores. The issue is priced at ₹90 per share. The minimum order quantity is 1600.
The IPO opens on Mon, Mar 17, 2025, and closes on Wed, Mar 19, 2025.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Divine Hira Jewellers IPO using UPI as a payment gateway. Zerodha customers can apply in Divine Hira Jewellers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Divine Hira Jewellers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Divine Hira Jewellers IPO opens on Mon, Mar 17, 2025 and closes on Wed, Mar 19, 2025.
Divine Hira Jewellers IPO lot size is 1600, and the minimum amount required for application is ₹1,44,000.
You can apply in Divine Hira Jewellers IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Divine Hira Jewellers IPO will be done on Thursday, March 20, 2025, and the allotted shares will be credited to your demat account by Fri, Mar 21, 2025. Check the Divine Hira Jewellers IPO allotment status.
The Divine Hira Jewellers IPO listing date is on Mon, Mar 24, 2025.
