Divine Hira Jewellers IPO
Open SmeCurrent GMP
₹3 (+3.33%)
Price Band
₹ 90 – 90
Lot Size
1600
Issue Size
₹31.84 Cr
Minimum Investment
₹288000 (3200 Shares)
Listing Date
24 March 2025
Subscription
3.96x
About the Company
Divine Hira Jewellers Limited is a company based in Mumbai, Maharashtra, specializing in the design and marketing of gold jewelry. The company primarily deals in 22 Karat gold jewelry, offering a wide range of products to meet diverse customer preferences, including machine-made, handmade, and plain gold jewelry. They also provide antique gold jewelry that combines historical artistry with modern designs.
The company caters to wholesalers, showrooms, and retailers who purchase jewelry in bulk. They source gold from bullion dealers and are in the process of directly importing it. Manufacturing is outsourced to skilled artisans across India, and designs are created by an in-house team as well as freelance designers, allowing for a diverse portfolio of jewelry products. The range includes necklaces, rings, pendants, bangles, wedding jewelry, and more, catering to both special occasions and daily wear.
Founded by Hirachand Gulecha, who began his career in the jewelry industry in 1984, the company was incorporated as Divine Hira Jewellers Limited in 2022. It acquired the business assets of Hira Traders in 2022. The company operates from Zaveri Bazar, a well-known jewelry market in Mumbai. The promoters, Hirachand Gulecha and Niraj Gulecha, bring decades of experience in the jewelry industry.
The company’s strengths lie in design innovation, consumer preference recognition, quality control, and customization services. They focus on maintaining high-quality standards, with their jewelry hallmarked by BIS (Bureau of Indian Standards) to ensure purity. The company aims to continue expanding its product range and remain a preferred destination for gold jewelry.
Promoters
- Hirachand Pukhraj Gulecha
- Niraj Hirachand Gulecha
- Khushbu Niraj Gulecha
- Hirachand P Gulecha (HUF)
Promoters Holding
Holding Pre Issue
99.74%
Holding Post Issue
72.70%
Objects of the Issue
Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- Prepayment or repayment of certain loans availed by our Company;
- Funding of working capital requirements of our Company;
- General Corporate Purposes
Address / Contact Info
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/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Monday, 17 March 2025
IPO Close Date
Wednesday, 19 March 2025
Basis of Allotment
Thursday, 20 March 2025
Initiation of Refunds
Friday, 21 March 2025
Credit of Shares to Demat
Friday, 21 March 2025
Listing Date
Monday, 24 March 2025 — NSE & BSE
Important Dates
Open Date
17 March 2025
Close Date
19 March 2025
Basis Of Allotment
20 March 2025
Listing Date
24 March 2025
Financial Performance (₹ in Crores)
| Particular | 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 |
| Reserve & Surplus | 9.51 | 7.32 | 7.32 | 0 |
| Total Borrowings | 12.93 | 18.61 | 14.05 | 16.54 |
EPS Pre
0.00%
EPS Post
0.00%
P/E Pre
0.00
P/E (Post Issue)
0.00x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI As On |
|---|---|
| ROE % | 16.36 |
| ROCE % | 13.54 |
| Debt / Equity | 1.9 |
| RoNW % | 16.36 |
| PbW | 0 |
| Pat Margin % | 0.81 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Non-Institutional | 1680000 | 50 | 0 |
| Retail Investors | 1680000 | 50 | 0 |
| Total | 3360000 | 100 | 0 |
Subscription Status ( Wed, 19 Mar 25 12:46 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 0 | 56000 | 0x |
| Non-Institutional | 1680000 | 2134400 | 1.27x |
| Retail Investors | 1680000 | 11128000 | 6.62x |
| Total | 3360000 | 13318400 | 3.96x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | 144,000.00 |
| Retail (Max) | 1 | 1,600 | 144,000.00 |
| S-HNI (Min) | 2 | 3,200 | 288,000.00 |
Registrar
Bigshare Services Pvt Ltd
91-22-6263 8200
investor@bigshareonline.com
https://www.bigshareonline.com
Book Running Lead Managers
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Divine Hira Jewellers IPO is a Fixed price IPO worth ₹31.84 crores. The price band is ₹90 to 90 per share. The IPO opens on Mon, Mar 17, 2025 and closes on Wed, Mar 19, 2025. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.
The Divine Hira Jewellers IPO opens on Mon, Mar 17, 2025 and closes on Wed, Mar 19, 2025
Divine Hira Jewellers IPO Price Band is ₹90 to 90.
Divine Hira Jewellers IPO lot size is 1600, and the minimum amount required for application is ₹288000.
The minimum investment for Divine Hira Jewellers IPO is approximately ₹288000 based on the upper price band.
To apply for the Divine Hira Jewellers IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Wed, Mar 19, 2025. After submission, funds are blocked until the basis of allotment of Divine Hira Jewellers IPO is finalised.
Divine Hira Jewellers IPO issue size is ₹31.84 crores.
Divine Hira Jewellers IPO allotment date is Sat, Jun 27, 2026.
The registrar for Divine Hira Jewellers IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website for IPO allotment status, refund processing, and other queries related to Divine Hira Jewellers IPO through their official website or helpline.
The Divine Hira Jewellers IPO GMP (Grey Market Premium) is ₹3 as of Mon, Mar 24, 2025. Based on the upper price band of ₹90 per share, the estimated Divine Hira Jewellers IPO listing price is ₹93, indicating a potential listing gain of approximately 31% over the issue price.