Divine Hira Jewellers IPO is scheduled to start on March 17, 2025, and will close on March 19, 2025. The IPO allotment is expected to be finalized on March 20, 2025, with a tentative listing date set for March 24, 2025, on the NSE SME platform. This fixed-price issue aims to raise approximately ₹31.84 crores through a fresh issue of 35.38 lakh equity shares.
The IPO has been structured with a fixed price of ₹90 per share. Investors can apply for a minimum lot size of 1,600 shares, which requires an investment of ₹1,44,000. High Net-worth Investors (HNI) must apply for a minimum of 2 lots (3,200 shares), amounting to ₹2,88,000. The retail investor quota is 50%, QIB is allocated 0%, and HNI has 50%.
Divine Hira Jewellers has reported a revenue of ₹183.41 crores in 2024 compared to ₹246.45 crores in 2023. The company’s profit has increased to ₹1.48 crores in 2024 from ₹0.91 crores in 2023. Given its financial performance, long-term investors may consider this IPO for investment.
Overview of Contents
About Divine Hira Jewellers IPO
Divine Hira Jewellers Limited, incorporated in July 2022, specializes in designing and marketing high-quality 22 Karat gold jewelry. Based in Mumbai, Maharashtra, the company caters to wholesalers, showrooms, and retailers with a diverse range of products, including necklaces, mangalsutras, chains, rings, pendants, bangles, kadas, coins, and wedding jewelry. By blending traditional craftsmanship with contemporary elegance, the brand ensures its designs resonate with regional tastes.
Despite not having an in-house manufacturing facility, Divine Hira Jewellers sources gold from trusted bullion dealers and works closely with skilled artisans to maintain product quality. As of October 31, 2024, the company had nine employees managing various operations. Its strong market presence, extensive product portfolio, and established industry relationships contribute to its competitive edge in the jewelry sector.
Divine Hira Jewellers IPO Prospectus
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| RHP | Click here |
Divine Hira Jewellers IPO Overview
| Particulars | Details |
|---|---|
| IPO Opening Date | March 17, 2025 |
| IPO Closing Date | March 19, 2025 |
| Listing Exchange | NSE SME |
| Issue Type | Fixed Price Issue |
| Issue Price | ₹90 per share |
| Face Value | ₹10 per equity share |
| Total Issue Size | 35,37,600 shares (₹31.84 Cr) |
| Fresh Issue | 35,37,600 shares (₹31.84 Cr) |
| Lot Size | 1,600 shares per lot |
| Market Maker Portion | 1,77,600 shares |
| Retail Investor Quota | Up to 50% |
| Non-Institutional Investors (NII) Quota | Up to 50% |
| Pre-Issue Shareholding | 95,09,500 shares |
| Post-Issue Shareholding | 1,30,47,100 shares |
Divine Hira Jewellers IPO Dates
| Event | Date |
|---|---|
| IPO Opening Date | March 17, 2025 (Monday) |
| IPO Closing Date | March 19, 2025 (Wednesday) |
| UPI Mandate Confirmation Deadline | March 19, 2025, 17:00 IST |
| Basis of Allotment Finalization | March 20, 2025 (Thursday) |
| Refund Initiation | March 21, 2025 (Friday) |
| Credit of Shares to Demat | March 21, 2025 (Friday) |
| IPO Listing Date | March 24, 2025 (Monday) |
Divine Hira Jewellers Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1,600 | ₹1,44,000 |
| Retail Maximum | 1 | 1,600 | ₹1,44,000 |
| S-HNI Minimum | 2 | 3,200 | ₹2,88,000 |
Divine Hira Jewellers IPO Review
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- BP Wealth –
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- Emkay Global –
- Hem Securities –
- IDBI Capital –
- Marwadi Shares –
- Nirmal Bang –
- SBICAP Securities –
- Sharekhan –
- SMC Global –
Objects of the Issue
- Prepayment or repayment of all or a portion of certain loans availed by the company
- Funding of working capital requirements of the Company
- General corporate purposes.
Promoter Stake and Shareholding Structure
The key promoters of the company include Hirachand Pukhraj Gulecha, Niraj Hirachand Gulecha, Khushbu Niraj Gulecha, and Hirachand P Gulecha (HUF). Their collective ownership in the company will see a reduction post-IPO as new investors come on board.
| Shareholding Stage | Percentage |
|---|---|
| Pre-IPO Stake | 99.74% |
| Post-IPO Stake | 72.70% |
Divine Hira Jewellers Financial Performance
| Financial Year | Total Assets | Total Revenue | Net Profit (PAT) | Net Worth | Reserves & Surplus | Total Borrowings |
|---|---|---|---|---|---|---|
| FY 2024 (Sep) | 28.54 | 136.03 | 2.50 | 12.30 | 9.51 | 12.93 |
| FY 2024 (Mar) | 28.97 | 183.41 | 1.48 | 9.80 | 7.32 | 18.61 |
| FY 2023 (Mar) | 23.26 | 246.45 | 0.91 | 8.32 | 7.32 | 14.05 |
| FY 2022 (Mar) | 19.78 | 142.40 | 0.28 | 3.00 | - | 16.54 |
Divine Hira Jewellers IPO – Key Valuation Metrics (FY 2024)
| Key Metrics | Values |
|---|---|
| Earnings Per Share (EPS) | ₹1.56 (Basic) |
| Price-to-Earnings (P/E) Ratio | 57.69 |
| Return on Net Worth (RoNW) | 16.36% |
| Return on Equity (ROE) | 16.36% |
| Return on Capital Employed (ROCE) | 13.54% |
| EBITDA Margin | 1.81% |
| Profit After Tax (PAT) Margin | 0.81% |
| Net Asset Value (NAV) Per Share | ₹10.31 |
| Debt-to-Equity Ratio | 1.90 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Sky Gold Limited | 35.18 | 99.09 | 23.66% | 184.42 | 1,745.48 Cr. |
Divine Hira Jewellers IPO – Key Contacts
📌 IPO Registrar – Bigshare Services Pvt Ltd
📞 Phone: +91-22-6263 8200
📧 Email: [email protected]
🌐 Website: Bigshare
📌 Lead Manager (Merchant Banker) – Horizon Financial Pvt Ltd
🏢 Company Address:
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: [email protected]
🌐 Website: www.divinehirajewellers.com
FAQs – Divine Hira Jewellers IPO
When does the Divine Hira Jewellers IPO open and close?
The IPO opens on March 17, 2025, and closes on March 19, 2025.
What is the price band and lot size for this IPO?
The issue price is ₹90 per share, and the minimum lot size is 1,600 shares.
When will the allotment be finalized and shares credited?
The allotment is expected on March 20, 2025, with shares credited to Demat accounts by March 21, 2025.
On which stock exchange will the IPO be listed?
The IPO will be listed on NSE SME, with a tentative listing date of March 24, 2025.
Who is the registrar for the Divine Hira Jewellers IPO?
The IPO registrar is Bigshare Services Pvt Ltd. Investors can check their allotment status on their official website.