Divine Hira Jewellers IPO is a fixed-price issue of ₹31.84 crore, comprising 35.38 lakh fresh shares at ₹90 each. The IPO opened on March 17, 2025, and is closing soon on March 19, 2025, with allotment expected on March 20, 2025, and a tentative listing on March 24, 2025, on the NSE SME platform.
Retail investors need to invest at least ₹1,44,000, while HNIs must apply for a minimum of ₹2,88,000. Horizon Financial manages the IPO, Bigshare Services is the registrar, and Giriraj Stock Broking is the market maker.
Divine Hira Jewellers IPO, a ₹31.84 crore fixed-price issue, includes 35.38 lakh fresh shares at ₹90 each. Open from March 17 to 19, 2025, allotment is on March 20, with NSE SME listing on March 24, 2025. Horizon Financial manages the IPO, Bigshare Services is the registrar, and Giriraj Stock Broking is the market maker.
The table below breaks down the Divine Hira Jewellers share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Category of Investors | Allocation of shares under IPO |
| Reservation for Employees | [-] |
| Anchor Allocation | [-] |
| Market Maker Shares Offered | 1,77,600 (5.02%) |
| Other Shares Offered | 16,80,000 (47.49%) |
| Retail Shares Offered | 16,80,000 (47.49%) |
| Total Shares Offered | 35,37,601 (100%) |
Data Source: BSE-SME
| Category | Subscription (times) |
| Non Institutional Investors | 0.39 |
| Retail Individual Investors(RIIs) | 2.89 |
| Total | 1.64 |
Note: Final subscription details are as of March 18, 2025, 3:53 PM IST.
Divine Hira Jewellers Limited specialises in designing and marketing 22 Karat gold jewellery, offering diverse designs that cater to regional preferences. Based in Mumbai’s Zaveri Bazar, a major jewellery trading hub, the company supplies wholesalers, showrooms, and retailers.
It sources gold from bullion dealers and plans to import directly for efficiency. Without an in-house manufacturing unit, it collaborates with skilled artisans across India. The company focuses on high-margin gold jewellery, boosting PAT margins from 0.20% in FY 2022 to 0.81% in FY 2024. BIS hallmark certification ensures quality, reinforcing customer trust in gold purity standards.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Mar 18, 2025, 4:07 PM IST
Suraj Uday Singh
Suraj Uday Singh is a skilled financial content writer with 3+ years of experience. At Angel One, he excels in simplifying financial concepts. Previously, he cultivated his expertise at a leading mortgage lending firm and a prominent e-commerce platform, mastering consumer-focused and engaging content strategies.
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