Divine Hira Jewellers Limited specializes in designing and marketing premium 22 Karat gold jewelry.
The company caters to wholesalers, showrooms, and retailers with a diverse range of gold jewelry that combines traditional artistry with modern elegance.
Their collection comprises various designs crafted to meet diverse preferences. Products include necklaces, mangalsutras, chains, malas, rings, pendants, bracelets, bangles, kadas, coins, and wedding jewelry. They emphasize localized design, ensuring creations resonate with regional tastes.
The company is a wholesaler of gold jewellery, silver articles, bullions, and coins in Mumbai, Maharashtra.
As of October 31, 2024, the company had nine department employees.
Divine Hira Jewellers IPO – Details
| IPO Opening Date | 17 March 2025 |
| IPO Closing Date | 19 March 2025 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | Total Issue Size: 35,37,600 Shares Worth ₹31.84 Crore Fresh Issue: 35,37,600 Shares Worth ₹31.84 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹90 |
| Market Lot | 1600 Shares |
| Min Order | 1600 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Pvt Ltd |
| Retail Shares Offered | 50% |
| Other Shares Offered | 50% |
Divine Hira Jewellers IPO – Date Schedule
| IPO Open Date | 17 March 2025 |
| IPO Close Date | 19 March 2025 |
| Basis of Allotment | 20 March 2025 |
| Initiation of Refund | 21 March 2025 |
| Credit of Shares to Demat Account | 21 March 2025 |
| IPO Listing Date | 24 March 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 19, 2025 |
Divine Hira Jewellers IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹1,44,000 |
| Retail (Max) | 1 | 1600 | ₹1,44,000 |
| HNI (Min) | 2 | 3200 | ₹2,88,000 |
Competitive Strengths
- Established Brand Presence attracts both wholesalers and retailers.
- Portfolio of 22 Karat gold jewelry: necklaces, bangles, chains, rings, pendants, and wedding collections.
- Artisans and in-house designers create unique, regional designs, giving Divine Hira Jewellers a competitive edge.
- For consistent sales, the company maintains strong ties with wholesalers, retailers, and showrooms.
Company Promoters
- Hirachand Pukhraj Gulecha
- Niraj Hirachand Gulecha
- Khushbu Niraj Gulecha
- Hirachand P Gulecha (HUF)
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 142.40 | 142.02 | 0.28 | 16.54 |
| 31 March 2023 | 246.45 | 245.22 | 0.91 | 14.05 |
| 31 March 2024 | 183.41 | 181.43 | 1.48 | 18.61 |
| 30 September 2024 | 136.02 | 132.68 | 2.50 | 12.93 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 16.36% |
| ROCE | 13.54% |
| Debt/Equity | 1.90 |
| RoNW | 16.36% |
| PAT Margin | 0.81 |
| Pre IPO | Post IPO | |
| EPS (Rs) | – | – |
| P/E (x) | – | – |
Object Of The Issue
- Prepayment or repayment of all or a portion of certain loans availed by the company.
- Funding of working capital requirements of the Company.
- General Corporate Purpose.
Divine Hira Jewellers IPO Promoter Holding
| Pre Issue Share Holding | 99.74% |
| Post Issue Share Holding | 72.70% |
Divine Hira Jewellers IPO Prospectus
Company Contact Information
| 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/ |
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 Manager(s)
| 1. Horizon Management Private Limited |
Divine Hira Jewellers IPO FAQs
| What is Divine Hira Jewellers IPO? Divine Hira Jewellers IPO is an SME IPO. The issue is priced at ₹90 per equity share. The IPO is to be listed on NSE SME. |
| When Divine Hira Jewellers IPO will open? The IPO is to open on 17 March 2025 for NII and Retail Investors. |
| What is Divine Hira Jewellers IPO Investors Portion? The investors’ portion for NII – 50%, and Retail – 50%. |
| How to Apply the Divine Hira Jewellers IPO? You can apply Divine Hira Jewellers IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Divine Hira Jewellers IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Divine Hira Jewellers IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Divine Hira Jewellers IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Divine Hira Jewellers IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Divine Hira Jewellers IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Divine Hira Jewellers IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Divine Hira Jewellers IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Divine Hira Jewellers IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Divine Hira Jewellers IPO Size? Divine Hira Jewellers IPO size is ₹31.84 Crore. |
| What is the Divine Hira Jewellers IPO Price Band? Divine Hira Jewellers IPO Price Band is ₹90. |
| What is Divine Hira Jewellers IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 1600 Shares with ₹1,44,000 amount while the maximum bid is 1600 Shares with ₹1,44,000. |
| What is the Divine Hira Jewellers IPO Allotment Date? Divine Hira Jewellers IPO allotment date is 20 March 2025. |
| What is the Divine Hira Jewellers IPO Listing Date? Divine Hira Jewellers IPO listing date is 24 March 2025. The IPO is to be listed on NSE SME. |
