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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 ₹90.00 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 investment for 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 Date | March 17, 2025 to March 19, 2025 |
| Listing Date | March 24, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹90 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 35,37,600 shares (aggregating up to ₹31.84 Cr) |
| Reserved for Market Maker | 1,77,600 shares Giriraj Stock Broking Pvt.Ltd. (aggregating up to ₹1.60 Cr) |
| Net Offered to Public | 33,60,000 shares (aggregating up to ₹30.24 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 |
Divine Hira Jewellers IPO offers total 35,37,600 shares. Out of which 16,80,000 (47.49%) allocated to NII, 16,80,000 (47.49%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,77,600 (5.02%) |
| NII (HNI) Shares Offered | 16,80,000 (47.49%) |
| Retail Shares Offered | 16,80,000 (47.49%) |
| Total Shares Offered | 35,37,600 (100.00%) |
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 Wed, Mar 19, 2025 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | 142.4 |
| 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 | ||||
| KPI | Values |
|---|---|
| ROE | 16.36% |
| ROCE | 13.54% |
| Debt/Equity | 1.90 |
| RoNW | 16.36% |
| PAT Margin | 0.81% |
The Company Divine Hira Jewellers IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[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...
| Listing Date | March 24, 2025 |
| BSE Script Code | |
| NSE Symbol | DIVINEHIRA |
| ISIN | INE0NA501011 |
| Final Issue Price | ₹90 per share |
| NSE Listing Group | ST (Trade to Trade) |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹90.00 |
| Open | ₹90.00 |
| Low | ₹85.50 |
| High | ₹90.00 |
| Last Trade | ₹85.50 |
Divine Hira Jewellers Ltd.
74/A, 1st Floor, Office No.2,
Opp. Hotel Bhagat Tarachand
Zaveri Bazar
Mumbai, Maharashtra, 400002
Phone: +91 222 240 2662
Email: info@divinehirajewellers.com
Website: http://www.divinehirajewellers.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Divine Hira Jewellers IPO is a SME IPO of 35,37,600 equity shares of the face value of ₹10 aggregating up to ₹31.84 Crores. The issue is priced at ₹90 per share. The minimum order quantity is 1600.
The IPO opens on March 17, 2025, and closes on March 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 March 17, 2025 and closes on March 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 Friday, March 21, 2025. Check the Divine Hira Jewellers IPO allotment status.
The Divine Hira Jewellers IPO listing date is on Monday, March 24, 2025.
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