IPO Details

Bidding Dates

17 Mar '25 - 19 Mar '25

Minimum Investment

₹1,44,000/ 1 Lot (1,600 Shares)

Price Range

₹90

Maximum Investment

₹1,44,000/ 1 Lot (1,600 Shares)

Retail Discount

To be announced

Issue Size

₹31.84 Cr

Investor category and sub category

Retail Individual Investors (RII)  |   Non-institutional Investors (NII)  |   Qualified Institutional Buyers (QIB)  |  

Divine Hira Jewellers IPO Important Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Mar 17, 25

IPO Closing Date

Mar 19, 25

Basis of Allotment

Mar 20, 25

Initiation of Refunds

Mar 21, 25

IPO Listing Date

Mar 24, 25

About Divine Hira Jewellers IPO

Divine Hira Jewellers IPO is a fixed-price issue of ₹31.84 crore, consisting entirely of a fresh issue of 35.38 lakh shares. The IPO opens for subscription on March 17, 2025, and closes on March 19, 2025. The allotment is expected to be finalised on March 20, 2025, with a tentative listing on NSE SME scheduled for March 24, 2025.

The IPO price is set at ₹90 per share, with a minimum lot size of 1,600 shares. Retail investors need to invest at least ₹1,44,000, while High Net-worth Individuals (HNIs) must apply for a minimum of 2 lots (3,200 shares), requiring an investment of ₹2,88,000.

Horizon Financial Pvt Ltd is the book-running lead manager for the IPO, and Bigshare Services Pvt Ltd is handling the registrar responsibilities. Giriraj Stock Broking Private Limited is the market maker for the issue.

Investors interested in detailed financials and company insights can refer to the Divine Hira Jewellers IPO Red Herring Prospectus (RHP) before making an investment decision.

Industry Outlook

  1. Despite an overall decline in the gems and jewellery sector, gold jewellery exports grew by 16.97%, reaching $11.14 billion in FY 2023-24. Plain gold jewellery exports saw an impressive 61.72% rise, driven by demand from markets like the UAE and Australia. This trend benefits Divine Hira Jewellers Limited, as increasing global demand for gold jewellery opens opportunities for expansion in key export markets.
  2. While overall gems and jewellery exports declined by 14.45%, platinum jewellery exports surged by 449.52%, and coloured gemstone exports grew by 13.94%. Divine Hira Jewellers Limited can leverage these emerging trends by diversifying its product range to tap into high-growth segments like platinum and gemstone jewellery.

Divine Hira Jewellers IPO Objectives 

The company plans to allocate the net proceeds from the issuance to the following purposes:

  1. Funds will be used to prepay or repay certain outstanding loans, reducing financial liabilities and improving financial stability.
  2. Additional capital will support day-to-day operations, ensuring smooth business activities and efficient inventory management.
  3. The remaining funds will be used for general corporate purposes.

About Divine Hira Jewellers Limited 

Divine Hira Jewellers Limited specialises in designing and marketing 22 Karat gold jewellery, offering a wide range of products catering to various customer preferences. The company focuses on creating localised jewellery designs that align with regional tastes, ensuring a diverse collection for different market segments. Based in Zaveri Bazar, Mumbai, a well-known hub for bullion and jewellery trading, the company has established itself as a key player in the wholesale jewellery market, supplying to wholesalers, showrooms, and retailers.

The company sources gold from bullion dealers and importers and is in the process of directly importing gold to streamline its operations. With no in-house manufacturing unit, it collaborates with skilled artisans across India to produce handcrafted jewellery. The jewellery designs are developed by an in-house team in collaboration with freelance designers, ensuring a constant influx of new and innovative designs that cater to evolving consumer trends.

Divine Hira Jewellers Limited primarily deals in gold jewellery, including necklaces, mangalsutras, chains, rings, pendants, bangles, bracelets, and wedding jewellery. To enhance profitability, the company has reduced its focus on low-margin bullion and silver products, shifting towards higher-margin gold jewellery. This strategic move has resulted in an increase in PAT margins from 0.20% in FY 2022 to 0.81% in FY 2024.

The company ensures product quality through BIS hallmark certification, reinforcing customer trust in its gold purity standards.

How To Check the Allotment Status of Divine Hira Jewellers IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for the Divine Hira Jewellers IPO Online?

  1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
  2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
  3. Select IPO: Find and select the Divine Hira Jewellers IPO from the list of open IPOs.
  4. Enter the Lot Size: Specify the number of lots you want to bid for.
  5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
  6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Divine Hira Jewellers IPO 

Registered office: 74/A, 1st Floor, Office No.2, Opp. Hotel Bhagat Tarachand, Zaveri Bazar, Mumbai400 002, Maharashtra, India.

Phone:+91 222 240 2662

E-mail: info@divinehirajewellers.com

Divine Hira Jewellers IPO Reservation

Investor Category

Shares Offered

Retail Shares

50% of the Net Issue

Other Shares

50% of the Net Issue

Divine Hira Jewellers IPO Lot Size

Application

Lots

Shares

Amount

Retail (Min)

1

1,600

₹1,44,000

Retail (Max)

1

1,600

₹1,44,000

HNI (Min)

2

3,200

₹2,88,000

Divine Hira Jewellers IPO Promoter Holding

Hirachand Pukhraj Gulecha, Niraj Hirachand Gulecha, Khushbu Niraj Gulecha and Hirachand P Gulecha (HUF) are the promoters of the company.

Share Holding Pre-Issue

99.74%

Share Holding Post Issue

72.70%

Note: Equity dilution will be determined by subtracting the Share Holding Post Issue from the Share Holding Pre Issue.

Key Performance Indicators for Divine Hira Jewellers IPO

KPI

Value

RoE (%)

16.36

RoCE (%)

13.54

Debt/Equity

1.90

PAT Margin

0.81

Divine Hira Jewellers IPO Prospectus

Divine Hira Jewellers IPO Registrar and Lead Managers

Divine Hira Jewellers IPO Lead Managers

  • Horizon Management Private Limited

Registrar for Divine Hira Jewellers IPO

Bigshare Services Private Limited

Divine Hira JewellersIPO Registrar

Financial Performance of Divine Hira Jewellers Limited

Particulars Year ending on March 31, 2024 Year ending on March 31, 2023 Year ending on March 31, 2022
Revenue from Operation (in ₹ lakh) 18,325.61 24,644.59 14,240.17
Profit After Tax (PAT) (in ₹ lakh) 148.17 91.23 28.91
EPS (Earnings per Share in ₹) 1.56 0.96 0.96
Total Borrowings (in ₹ lakh) 1,860.52 1,404.59 1,653.82
Return on equity (%) 16.36 16.12 9.38
Return on capital employed (%) 13.54 10.83 8.18
EBITDA (in ₹ lakh) 331.61 259.33 162.11

Know before investing

Strengths

5

  1. Divine Hira Jewellers Limited benefits from experienced leadership with over 30 years of industry expertise.

  2. The company offers a diverse product range, including traditional, Indo-western, and modern jewellery.

  3. Strict quality control measures ensure all jewellery meets BIS hallmarking standards.

  4. A strong understanding of customer preferences helps the company stay competitive in the market.

  5. Skilled job workers with 10 to 15 years of expertise maintain high-quality standards.

Risks

5

  1. Dependence on a few customers makes revenue vulnerable to business shifts.

  2. Limited domestic market focus restricts growth and diversification opportunities.

  3. Lack of long-term supplier agreements may affect raw material availability.

  4. High reliance on gold bullion prices impacts financial stability and margins.

  5. Seasonal sales fluctuations affect revenue consistency during off-peak periods.

  • How to Apply in IPO
  • How to Check IPO Allotment Status
Play Button

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Play Button

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

Peer Comparison of Divine Hira Jewellers Limited

Company Name EPS (Basic) NAV (per share) (₹) P/E (x) RoNW (%)
Divine Hire Jewellers Limited 1.56 10.31 57.69 16.36
Sky Gold Limited 35.18 184.42 99.09 23.66

Divine Hira Jewellers IPO FAQs

What is the Divine Hira Jewellers IPO?

Divine Hira Jewellers IPO is a fixed price issue IPO. It will be open from March 17, 2025, to March 19, 2025.

When will the Divine Hira Jewellers IPO be allotted?

The Basis of Allotment will happen on Thursday, March 20, 2025.

When will Divine Hira Jewellers IPO open for subscription?

The IPO subscription window will open on  March 17, 2025.

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1,600 shares.

When will Divine Hira Jewellers Limited list on exchanges?

The listing date for Divine Hira Jewellers Limited is Monday, March 24, 2025.

What is the issue size of the Divine Hira Jewellers IPO?

The issue size of the Divine Hira Jewellers IPO is up to ₹31.84 crore, with a complete fresh issue of ₹31.84 crore.

What are the open and close dates of the Divine Hira Jewellers IPO?

The open and close dates for Divine Hira Jewellers IPO are from March 17, 2025, to March 19, 2025.

What would be the listing gains on the Divine Hira Jewellers IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

How to increase your chances of getting a Divine Hira Jewellers IPO allotment?

  1. Multiple Submissions: Use different Demat accounts to make multiple applications.
  2. Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
  3. Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.

How do I approve the UPI mandate request for Divine Hira Jewellers IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Divine Hira Jewellers Limited using one PAN?

You can submit only one application using your PAN card.

How to read Divine Hira Jewellers Limited's financial statements?

To read Divine Hira Jewellers Limited’s financial statements, download the IPO’s  RHP document.

What is 'pre-apply' for the Divine Hira Jewellers IPO?

Pre-apply allows investors to apply for the  Divine Hira Jewellers IPO two days before the subscription period opens, ensuring an early submission of your application.

If I pre-apply for the Divine Hira Jewellers Limited IPO, when will my order get placed?

Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours.

When will I know if my Divine Hira Jewellers Limited IPO order is placed?

You will receive a notification once your order is successfully placed with the exchange after the bidding starts.

Who is the registrar of Divine Hira Jewellers IPO?

Bigshare Services Private Limited is the registrar responsible for managing the IPO allotment process and handling investor queries.

Where is the Divine Hira Jewellers IPO getting listed?

Divine Hira Jewellers IPO is proposed to be listed on the SME platform of the National Stock Exchange (NSE).