Details of Divine Hira Jewellers Limited’s initial public offering (IPO)
By Rajan Chaurasiya March, 13 2025 17:56 PMDivine Heera Jewellers IPO will open for subscription on March 17, 2025 and close on March 19, 2025. Allotment for Divine Heera Jewellers IPO is expected to be finalized on Thursday, March 20, 2025. Divine Heera Jewellers IPO will be listed on NSE SME with a tentative listing date fixed as Monday, March 24, 2025.Divine Heera Jewellers IPO price is ₹90 per share. The minimum lot size for application is 1600. The minimum investment amount required by retail investors is ₹1,44,000. The minimum lot size for HNIs to invest is 2 lots (3,200 shares), amounting to ₹2,88,000.
Bigshare Services Pvt Ltd is the issue’s registrar, while Horizon Management Private Limited is the book-running lead manager for the Divine Hira Jewelers IPO. Giriraj Stock Broking Private Limited is the market maker for the Divine Hira Jewelers initial public offering.
Divine Hire Jewellers Limited Financial Information
| 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 | ||||
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 |
Timeline for Divine Hira Jewellers’ IPO (Provisional Schedule)
| 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. Divine Hira Jewellers IPO Lot Size.
| 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 |
Divine Hira Jewellers IPO Promoter Holding
The Promoters of the company, are Hirachand Pukhraj Gulecha, Niraj Hirachand Gulecha, Khushbu Niraj Gulecha and Hirachand P Gulecha (HUF).
| Share Holding Pre Issue | 99.74% |
| Share Holding Post Issue | 72.70% |
About Divine Hira Jewellers Limited
Established on July 2022 The specialty of Divine Hira Jewellers Limited is creating and selling high-end 22-karat gold jewelry.
The firm offers a wide variety of gold jewelry that blends classic artistry with contemporary beauty to wholesalers, showrooms, and retailers.
Their assortment includes a range of patterns that are made to accommodate different tastes. Mangalsutras, necklaces, chains, malas, rings, pendants, bracelets, bangles, kadas, coins, and wedding jewelry are among the items offered. They place a strong emphasis on regional design to make sure that the products suit local preferences.
In Mumbai, Maharashtra, the business sells gold jewelry, silver goods, bullions, and coins at wholesale prices.
By October 31, 2024, the firm employed nine people across several divisions.
Competitive Strength:
For consistent sales, the company maintains strong ties with wholesalers, retailers, and showrooms.
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.
Objects of the Issue
| 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 |
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