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Divine Hira Jewellers Limited IPO Details – Price, Date, GMP & Analysis
Listed
SME
Price Range:
Rs.90.00
Issue Size:
Rs.31.84 Cr
Lot Size:
1 shares
Open Date:
March 17
Divine Hira Jewellers Limited IPO Overview
Bidding Dates
March 17 - March 19
Min Investment
₹90
Price Range
₹90.00
Issue Size
₹31.84 Cr
IPO DRHP Doc
Company Overview
Divine Hire Jewellers Limited, incorporated in July 2022, specializes in designing and marketing premium 22 Karat gold jewelry. They cater to wholesalers, showrooms, and retailers, offering a diverse range of products that blend traditional artistry with modern elegance. Their collection includes necklaces, mangalsutras, chains, malas, rings, pendants, bracelets, bangles, kadas, coins, and wedding jewelry, with an emphasis on localized design to resonate with regional tastes. The company operates as a wholesaler of gold jewelry, silver articles, bullions, and coins in Mumbai, Maharashtra, and had nine employees as of October 31, 2024.
IPO Timeline
Opens
Mar 17
Closes
Mar 19
Allotment
Mar 20
Refunds
Mar 21
Shares Credit
Mar 21
Listing
Mar 24
Opens
Mar 17
Closes
Mar 19
Allotment
Mar 20
Refunds
Mar 21
Shares Credit
Mar 21
Listing
Mar 24
Latest Subscription Data
| Category | Subscription | Status |
|---|---|---|
| QIB (Qualified Institutional Buyers) | Undersubscribed | |
| NII (Non-Institutional Investors/HNI) | 1.20x | Oversubscribed |
| RII (Retail Individual Investors) | 6.62x | Oversubscribed |
| Total Subscription | 3.93x | Oversubscribed |
Last updated: Mar 19, 2025, 06:56 PM
Current GMP:
Rs.3
Est. Listing:
Rs.93
Est. Gain:
+3.3%
Star Rating:
★★★★★(1/5)
Financial Information
Financial Data Table
Detailed breakdown of financial metrics across years
| Financial Metric | 2024 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Assets | ₹28.97 Cr | ₹28.97 Cr | ₹23.26 Cr | ₹19.78 Cr |
| Net Worth | ₹9.8 Cr | ₹9.8 Cr | ₹8.32 Cr | ₹3 Cr |
| Profit After Tax | ₹1.48 Cr | ₹1.48 Cr | ₹0.91 Cr | ₹0.28 Cr |
| Reserves and Surplus | ₹7.32 Cr | ₹7.32 Cr | ₹7.32 Cr | - |
| Revenue | ₹183.41 Cr | ₹183.41 Cr | ₹246.45 Cr | ₹142.4 Cr |
| Total Borrowing | ₹18.61 Cr | ₹18.61 Cr | ₹14.05 Cr | ₹16.54 Cr |
Financial data is visualized in the chart above
Strengths & Risks Analysis
Key Strengths
Competitive advantages and positive aspects
- Experienced management with strong industry expertise and leadership vision.
- Diverse product portfolio covering traditional, modern, and custom designs.
- Strict quality control ensuring standardized, high-purity gold jewelry.
- Deep understanding of customer preferences and market trends.
- Hallmark certification and unique identification for authenticity assurance.
- Reliable job workers and an extensive vendor network.
- Strong focus on innovative and customer-centric jewelry designs.
- Commitment to customer satisfaction with timely deliveries and support.
- Long-term client relationships built on trust and reliability.
IPO Details
Divine Hira Jewellers IPO Details
| Face Value | ₹10 per share |
| Fresh Issue | 35,37,600 shares (aggregating up to ₹31.84 Cr) |
| IPO Date | March 17, 2025 to March 19, 2025 |
| Issue Price | ₹90 per share |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Listing Date | March 24, 2025 |
| Lot Size | 1,600 Shares |
| Share Holding Post Issue | 1,30,47,100 shares |
| Share Holding Pre Issue | 95,09,500 shares |
| Total Issue Size | 35,37,600 shares (aggregating up to ₹31.84 Cr) |
Divine Hira Jewellers IPO Reservation
Share Reservation Distribution
Other
1,680,000 shares (47.49%)
Retail
1,680,000 shares (47.49%)
Market Maker
177,600 shares (5.02%)
Divine Hira Jewellers IPO Promoter Holding
| Share Holding Post Issue | 72.70% |
| Share Holding Pre Issue | 99.74% |
Divine Hira Jewellers IPO Listing Details
| ₹90 per share |
| DIVINEHIRA |
| INE0NA501011 |
| March 24, 2025 |
Listing Day Trading Information
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹90.00 |
| High | ₹90.00 |
| Last Trade | ₹85.50 |
| Low | ₹85.50 |
| Open | ₹90.00 |
Key Dates
Open Date:March 17
Close Date:March 19
Listing Date:March 24
