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Divine Hira Jewellers IPO

  • Status: Closed
  • RHP:
  • ₹ 144,000 / 1600 shares

    Minimum Investment

IPO Details

  • Bidding starts

    17 Mar 2025

  • Bidding ends

    19 Mar 2025

  • Listing

    24 Mar 2025

  • IPO Price Range

    ₹ 90

  • IPO Size

    ₹ 31.84 Cr

  • Listing Exchange

    NSE SME

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Timeline Subscription Status Financials SWOT FAQ Contacts

IPO Timeline

Divine Hira Jewellers IPO Subscription Status

Last Updated: 19 March 2025 6:13 PM by 5Paisa

Divine Hira Jewellers IPO is set to raise ₹31.84 crores through a fresh issue of 0.35 Cr shares. Specializing in premium 22 Karat gold jewelry, the company serves wholesalers, showrooms, and retailers with a blend of traditional and modern designs. Its product range includes necklaces, bangles, rings, and wedding jewelry, tailored to regional tastes. Based in Mumbai, it also trades in silver articles, bullions, and coins, with nine employees as of October 31, 2024.

Established in: 2022
Managing Director: Mr. Hirachand Pukhraj Gulecha

Peers

Sky Gold Limited
 

Objectives

1. Prepayment or Repayment of Loans
2. Working Capital Requirements
3. General Corporate Purpose
 

Divine Hira IPO Size

Types Size
Total IPO Size ₹31.84 Cr.
Offer For Sale -
Fresh Issue ₹31.84 Cr.

 

Divine Hira IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1,600 144,000
Retail (Max) 1 1,600 144,000
HNI (Min) 2 3,200 288,000

Divine Hira IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
NII (HNI) 1.2 16,80,000 20,12,800 18.12
Retail 6.62 16,80,000 1,11,28,000 100.15
Total** 3.93 33,60,001 1,31,96,800 118.77

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.


 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY22 FY23 FY24
Revenue 142.4 246.45 183.41
EBITDA 1.62 2.59 3.32
PAT 0.28 0.91 1.48
Particulars (in Rs. Crores) FY22 FY23 FY24
Total Assets 19.78 23.26 28.97
Share Capital - 7.32 7.32
Total Borrowings 16.54 14.05 18.61
Particulars (in Rs. Crores) FY22 FY23 FY24
Net Cash Generated From / (used in) operating activities 1.34 -0.11 -2.09
Net Cash Generated From / (used in) investing activities -0.07 -0.16 0.13
Net Cash Generated From / (used in) financing activities -1.28 0.77 3.18
Net Increase (Decrease) In Cash And Cash Equivalents -0.01 0.50 1.22


Strengths

1. Strong brand presence attracts both wholesalers and retailers.
2. Wide product range of 22 Karat gold jewelry.
3. Unique designs tailored to regional tastes.
4. Skilled artisans and in-house designers enhance product uniqueness.
5. Strong relationships with wholesalers and retailers ensure consistent sales.
 

Risks

1. High dependence on gold prices affects profitability.
2. Limited geographical presence restricts market reach.
3. Small workforce may limit operational efficiency.
4. Competitive market pressure may reduce profit margins.
5. Reliance on third-party suppliers increases supply chain risks.
 

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FAQs

Divine Hira Jewellers IPO opens from 17 March 2025 to 19 March 2025.

The size of Divine Hira Jewellers IPO is ₹31.84 Cr.

The price of Divine Hira Jewellers IPO is fixed at ₹90 per share. 

To apply for Divine Hira Jewellers IPO, follow the steps given below:

● Login to your 5paisa account and select the issue in the current IPO section    
● Enter the number of lots and the price at which you wish to apply for the Divine Hira Jewellers  IPO.    
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Divine Hira Jewellers IPO is 1,600 shares and the investment required is ₹144,000.
 

The share allotment date of Divine Hira Jewellers IPO is 20 March 2025

The Divine Hira Jewellers IPO will likely be listed on 24 March 2025.

Horizon Financial Pvt Ltd is the book running lead manager for Divine Hira Jewellers IPO.
 

Divine Hira Jewellers plans to utilise the raised capital from the IPO for:

1. Prepayment or Repayment of Loans
2. Working Capital Requirements
3. General Corporate Purpose