Divine Hira Jewellers IPO Details
The Divine Hira Jewellers IPO is a fixed price issue with a total issue size of ₹31.84 cr, comprising of fresh issue of 3537600 equity shares. Divine Hira Jewellers IPO opened for subscription on Mar 17, 2025 and closed on Mar 19, 2025. Divine Hira Jewellers IPO has set the price at ₹90 per share, with a lot size of 1600 shares. Minimum investment for Retail investors was ₹288,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Mar 20, 2025, and listed on the NSE on Mar 24, 2025.
Bigshare Services Pvt Ltd has been appointed as the registrar. are the Book Running Lead Manager for the issue.
Before investing in the Divine Hira Jewellers IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 90 – 90
- Lot Size
- 1600
- Issue Size
- ₹31.84 Cr
- Minimum Investment
- ₹288000 (3200 Shares)
- Listing Date
- 24 March 2025
Current GMP
₹3 (+3.33%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
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
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
Book Running Lead Managers
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 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.
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 per share.
Divine Hira Jewellers IPO lot size is 1600 shares, Retail investors need a minimum investment of ₹288000 based on the upper price band
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.
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.
Divine Hira Jewellers IPO issue size is ₹31.84 crores.
Divine Hira Jewellers IPO allotment date is Wed, Jul 1, 2026.
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.
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 0% over the issue price.