Divine Hira Jewellers IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Mon, 17 Mar 2025
Close Date
Wed, 19 Mar 2025
Issue Price
₹ 90
Lot Size
1600
Issue Size
₹ 31.84 Cr
Minimum Investment
₹ 288,000 (3200 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Divine Hira Jewellers IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a fixed price issue with a total issue size of ₹31.84 Crore, comprising a fresh issue of 35.38 Lakh equity shares aggregating to ₹31.84 Crore.
The Divine Hira Jewellers IPO remained open for subscription from March 17, 2025, to March 19, 2025. The basis of allotment was finalized on March 20, 2025, and the company's shares were listed on NSE SME Platform on March 24, 2025.
The company had fixed the price at ₹90 per share, with a lot size of 1600 shares. Retail investors were required to make a minimum investment of ₹288,000 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd served as the registrar to the issue. acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Divine Hira Jewellers Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Divine Hira Jewellers IPO Timeline (Tentative)
- IPO Open Date
- Mon, 17 Mar 25
- IPO Close Date
- Wed, 19 Mar 25
- Basis of Allotment
- Thu, 20 Mar 25
- Initiation of Refunds
- Fri, 21 Mar 25
- Credit of Shares to Demat
- Fri, 21 Mar 25
- Listing Date
- Mon, 24 Mar 25 — NSE & BSE
Open Date
17 March 2025
Close Date
19 March 2025
Basis Of Allotment
20 March 2025
Listing Date
24 March 2025
IPO Subscription
Check Live Subscription →The Divine Hira Jewellers IPO has received bids for 1,33,18,400 shares against 33,60,000 shares offered, resulting in an overall subscription of 3.96x. the NII category is subscribed 1.27x, Retail Investors 6.62x, and QIBs 0x.
QIB
0x
NII
1.27x
RII
6.62x
Total
3.96x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 16,80,000 shares, representing 50% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 0 shares (%), while Non-Institutional Investors (NIIs) receive 16,80,000 shares (50%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Non-Institutional | 1,680,000 | 50% |
| Retail Investors | 1,680,000 | 50% |
| Total | 3,360,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Divine Hira Jewellers Limited KPI Information
| Particular | KPI As On |
|---|---|
| ROE % | 16.36 |
| ROCE % | 13.54 |
| Debt / Equity | 1.9 |
| RoNW % | 16.36 |
| Pat Margin % | 0.81 |
Peers Comparison
No Peer Comparision Available
About Divine Hira Jewellers Limited
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.
Divine Hira Jewellers IPO 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%
Divine Hira Jewellers IPO Objective
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
Divine Hira Jewellers Limited Address / Contact Details
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
Divine Hira Jewellers IPO Lot Size
The Divine Hira Jewellers IPO has a lot size of 1,600 shares. Retail investors require a minimum investment of ₹1,44,000 by applying for 1 lot (1,600 shares). The maximum application allowed for the retail category is 1 lots (1,600 shares), requiring an investment of ₹1,44,000.
| 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 |
Issue Reservation
- NII — 50%
- RII — 50%
Book Running Lead Managers
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Divine Hira Jewellers IPO?
Divine Hira Jewellers IPO is a Fixed price IPO with a total issue size of ₹31.84 crore. The Divine Hira Jewellers IPO price band is ₹90 to 90 per share. The Divine Hira Jewellers IPO subscription opens on Mon, Mar 17, 2025, and closes on Wed, Mar 19, 2025. The Divine Hira Jewellers IPO will be listed on the NSE. Bigshare Services Pvt Ltd is the registrar for the Divine Hira Jewellers IPO.
When will the Divine Hira Jewellers IPO open for subscription?
The Divine Hira Jewellers IPO opens on Mon, Mar 17, 2025 and closes on Wed, Mar 19, 2025
What is Divine Hira Jewellers IPO Price Band?
Divine Hira Jewellers IPO Price Band is ₹90 to 90 per share.
What is Divine Hira Jewellers IPO Lot Size?
Divine Hira Jewellers IPO lot size is 1600 shares, Retail investors need a minimum investment of ₹288000 based on the upper price band
What is the minimum investment for Divine Hira Jewellers IPO?
The minimum investment for Divine Hira Jewellers IPO is ₹288000, based on one lot of 1600 shares at the upper price band of ₹90 per share.
How to apply for Divine Hira Jewellers IPO?
Investors can apply for the Divine Hira Jewellers IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Mar 19, 2025. The application amount remains blocked until the Divine Hira Jewellers IPO allotment is finalized.
What is Divine Hira Jewellers IPO Issue Size?
Divine Hira Jewellers IPO issue size is ₹31.84 crores.
What is the Divine Hira Jewellers IPO Allotment Date?
Divine Hira Jewellers IPO allotment date is Thu, Mar 20, 2025.
Who is the Divine Hira Jewellers IPO Registrar?
The registrar for Divine Hira Jewellers IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Divine Hira Jewellers IPO allotment status, refund processing, and other IPO-related information.
What is the Divine Hira Jewellers IPO GMP?
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 3.33% over the issue price.
Who is the Divine Hira Jewellers IPO Lead Manager?
The book-running lead managers (BRLMs) for the Divine Hira Jewellers IPO are . The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Divine Hira Jewellers IPO Red Herring Prospectus (RHP).