Divine Hira Jewellers IPO is set to open for subscription on March 17, 2025, and will close on March 19, 2025. This IPO is a Fixed Price Issue, through which the company aims to raise around ₹31.84 crores. The IPO comprises a fresh issue of ₹31.84 crores, while the details of the offer for sale (OFS) are yet to be disclosed. The Divine Hira Jewellers IPO price band is ₹90 per share, making it an attractive option for investors. The IPO has a retail investor quota of 50%, while High Net-worth Individuals (HNI) have a 50% reservation, and there is no quota for Qualified Institutional Buyers (QIBs).
The Divine Hira Jewellers IPO allotment date is scheduled for March 20, 2025, and the listing will take place on NSE on March 24, 2025. Investors eagerly anticipating this IPO should note that Divine Hira Jewellers has demonstrated steady financial performance. The company reported ₹183.41 crores in revenue for 2024, compared to ₹246.45 crores in 2023. Meanwhile, its profitability increased, with a net profit of ₹1.48 crores in 2024, up from ₹0.91 crores in 2023.
Divine Hira Jewellers IPO Date & Price Band Details
| Category | Details |
|---|---|
| IPO Open Date: | March 17, 2025 |
| IPO Close Date: | March 19, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹90 Per Share |
| Issue Size: | Approx ₹31.84 Crores |
| Fresh Issue: | Approx ₹31.84 Crores |
| Issue Type: | Fixed Price Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 50% |
| NII Quota: | Not more than 50% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Divine Hira Jewellers: Company Overview, Strengths, and Risks
Divine Hira Jewellers Limited, established in 2022, specializes in high-quality 22 Karat gold jewelry, catering to wholesalers, retailers, and showroom owners. Based in Mumbai, Maharashtra, the company offers a vast collection that beautifully blends traditional craftsmanship with modern elegance. Their jewelry range includes:
- Necklaces
- Mangalsutras
- Chains & Malas
- Rings & Pendants
- Bracelets, Bangles & Kadas
- Gold Coins & Wedding Jewelry
With deep market knowledge and strong consumer demand, Divine Hira Jewellers Limited continues to expand its presence in the gold jewelry industry.
Strengths of Divine Hira Jewellers Limited
- Trusted Gold Sourcing: The company sources pure 22K gold from reliable bullion dealers and importers, ensuring authenticity and superior quality.
- Strong Market Understanding: Being headquartered in Mumbai, they have a strategic advantage in serving local and regional customers, increasing brand trust and loyalty.
- Exclusive Designs & Craftsmanship: While they don’t have an in-house manufacturing unit, Divine Hira Jewellers Limited collaborates with expert artisans to deliver intricately designed gold jewelry.
- Diverse Product Portfolio: Their wide range of gold ornaments caters to different preferences, making them a one-stop destination for gold jewelry buyers.
- Growing Retail & Wholesale Network: By October 31, 2024, the company had 9 employees managing different operations, ensuring smooth business expansion.
Risks & Challenges
- Lack of In-House Manufacturing: Since Divine Hira Jewellers Limited depends on third-party artisans, maintaining consistent product quality and timely delivery can be challenging.
- Gold Price Volatility: The fluctuating prices of 22K gold affect both profit margins and consumer demand.
- Competitive Market: The gold jewelry industry is highly competitive, with established brands dominating both the wholesale and retail segments.
- Operational Scale: With a small workforce, scaling up and handling large orders may pose logistical and management challenges.
Final Thoughts
Divine Hira Jewellers Limited is a growing name in India’s gold jewelry industry, offering premium 22 Karat jewelry for wholesalers, retailers, and showrooms. While the brand has strong market expertise and trusted gold sourcing, it faces challenges related to manufacturing dependency and market competition. With continuous expansion and innovation, the company has high growth potential in the luxury gold market.
Divine Hira Jewellers IPO Market Lot
Divine Hira Jewellers IPO has set the minimum market lot at 1,600 shares, requiring investors to apply with a minimum investment of ₹1,44,000. Ensure you meet the Divine Hira Jewellers IPO application criteria before investing.
The much-awaited Divine Hira Jewellers IPO is set to open for subscription on March 17, 2025, and will close on March 19, 2025. Investors eagerly looking forward to this IPO should note that the Divine Hira Jewellers IPO allotment is scheduled to be finalized on March 20, 2025. Following the allotment process, the Divine Hira Jewellers IPO listing is expected to take place on March 24, 2025.
| 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 Allotment & Listing Dates
The much-awaited Divine Hira Jewellers IPO is set to open for subscription on March 17, 2025, and will close on March 19, 2025. Investors eagerly looking forward to this IPO should note that the Divine Hira Jewellers IPO allotment is scheduled to be finalized on March 20, 2025. Following the allotment process, the Divine Hira Jewellers IPO listing is expected to take place on March 24, 2025.
| Type | Date |
|---|---|
| IPO Open Date: | March 17, 2025 |
| IPO Close Date: | March 19, 2025 |
| Basis of Allotment: | March 20, 2025 |
| Refunds: | March 21, 2025 |
| Credit to Demat Account: | March 21, 2025 |
| IPO Listing Date: | March 24, 2025 |
Divine Hira Jewellers IPO: Promoters
The Divine Hira Jewellers IPO is backed by strong promoters, including Hirachand Pukhraj Gulecha, Niraj Hirachand Gulecha, Khushbu Niraj Gulecha, and Hirachand P Gulecha (HUF). Their leadership and experience play a crucial role in the company’s growth and market positioning.
Divine Hira Jewellers IPO Company Financial Report
Divine Hira Jewellers IPO: The company reported a revenue of ₹183.41 crores in 2024, a decline from ₹246.45 crores in 2023. However, its profit increased to ₹1.48 crores in 2024, compared to ₹0.91 crores in 2023. This financial performance highlights the company’s ability to improve profitability despite a drop in revenue.
For investors considering the Divine Hira Jewellers IPO, understanding these financial trends is crucial. Stay updated on the IPO details, subscription status, and listing performance to make informed investment decisions.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
|---|---|---|---|---|
| 2022 | ₹142.40 | ₹142.02 | ₹0.28 | ₹19.78 |
| 2023 | ₹246.45 | ₹245.23 | ₹0.91 | ₹43.13 |
| 2024 | ₹183.41 | ₹181.43 | ₹1.48 | ₹28.97 |
| September 2024 | ₹136.03 | ₹132.69 | ₹2.50 | ₹28.54 |
Divine Hira Jewellers IPO Valuation – FY2024
| KPI | Values |
|---|---|
| ROE: | 16.36% |
| ROCE: | 13.54% |
| EBITDA Margin: | 1.81% |
| PAT Margin: | 0.81% |
| Debt to equity ratio: | 1.90 |
| Earning Per Share (EPS): | ₹1.56 (Basic) |
| Price/Earning P/E Ratio: | 57.69 |
| Return on Net Worth (RoNW): | 16.36% |
| Net Asset Value (NAV): | ₹10.31 |
Divine Hira Jewellers 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. |
Objects of the Issue – Divine Hira Jewellers IPO
The Divine Hira Jewellers IPO aims to utilize the raised capital for the following key purposes:
- Prepayment or Repayment of Loans: The company plans to reduce its financial liabilities by repaying a portion or full amount of certain loans.
- Funding Working Capital Requirements: A portion of the IPO proceeds will be allocated to strengthen the company’s working capital to support business expansion and operations.
- General Corporate Purposes: The remaining funds will be utilized for strategic growth, operational efficiency, and other business-related expenses.
This IPO presents an opportunity for investors to participate in the growth of Divine Hira Jewellers, a reputed brand in the jewelry sector. Stay updated for IPO dates, price band, and listing details.
Divine Hira Jewellers IPO Review
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Divine Hira Jewellers IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Divine Hira Jewellers IPO Lead Managers aka Merchant Bankers
- Horizon Financial Pvt Ltd
Divine Hira Jewellers 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: info@divinehirajewellers.com
Website: http://www.divinehirajewellers.com/
FAQs on Divine Hira Jewellers IPO
The Divine Hira Jewellers IPO will open for subscription on March 17, 2025, and close on March 19, 2025.
The IPO price is set at ₹90 per share under a Fixed Price Issue.
The IPO aims to raise approximately ₹31.84 crores through a fresh issue.
The IPO allotment date is scheduled for March 20, 2025.
The IPO will be listed on NSE SME on March 24, 2025.
Investors can apply for a minimum lot size of 1,600 shares, requiring an investment of ₹1,44,000.
The funds raised will be used for:
Prepayment or Repayment of Loans
Funding Working Capital Requirements
General Corporate Purposes
For FY 2024, the company reported a revenue of ₹183.41 crores and a net profit of ₹1.48 crores.
The promoters include Hirachand Pukhraj Gulecha, Niraj Hirachand Gulecha, Khushbu Niraj Gulecha, and Hirachand P Gulecha (HUF).
Investors can apply through ASBA via net banking or UPI-based applications on broker platforms like Zerodha, Groww, Upstox, and Paytm Money.
Disclaimer: This information is for general knowledge and informational purposes only and does not constitute financial, investment, or other professional advice.
