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SME

Divine Hira Jewellers Ltd

Divine Hira Jewellers Ltd IPO Details

Listing Date

24 Mar 2025

Bid Price

₹90 - ₹90

Lot Size

1600 Shares

Minimum Investment

₹1,44,000 / 2 Lots

Issue Size

₹31.84 Crores

Schedule

    Here are the important dates you need to know in order to participate in this IPO

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Bidding starts

17th Mar

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Bidding ends

19th Mar

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Allotment of shares

20th Mar

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Initiation of refund

21st Mar

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Credit of shares to Demat account

21st Mar

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Listing date

24th Mar

About Divine Hira Jewellers Ltd IPO

Divine Hira Jewellers Ltd, incorporated in July 2022, has quickly positioned itself as a notable player in the Indian jewellery market, specialising in premium 22 Karat gold jewellery. The company’s primary focus is on designing and marketing exquisite gold ornaments that blend traditional craftsmanship with contemporary aesthetics. Catering to wholesalers, showrooms, and retailers, the brand offers a vast collection that reflects regional preferences and modern trends. Its product range includes necklaces, mangalsutras, chains, malas, rings, pendants, bracelets, bangles, kadas, coins, and intricately designed wedding jewellery. By incorporating culturally inspired motifs and intricate detailing, Divine Hira Jewellers ensures that its pieces resonate with a broad customer base.

 

Operating primarily as a wholesaler, the company supplies gold jewellery, silver articles, bullions, and coins in Mumbai, Maharashtra. Its commitment to quality and authenticity has helped establish trust among business partners and retailers. The firm emphasises superior craftsmanship and innovation, positioning itself as a reliable supplier in the jewellery industry. Despite being a relatively new entrant, Divine Hira Jewellers Ltd has steadily grown, supported by a small but dedicated workforce. As of October 31, 2024, the company had nine employees across various departments, ensuring efficient operations and strategic growth in the competitive jewellery sector.

 

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 99.74% 72.7%
Public Group 0.26% 27.3%

Divine Hira Jewellers Ltd IPO Reservation

QIB Shares Offered 0 (0%)
NII (HNI) Shares Offered 16,80,000 (47.49%)
Retail Shares Offered 16,80,000 (47.49%)
Anchor Investor Shares Offered 0 (0%)
Total Shares Offered 35,37,600
Total Shares With Anchor Investor 35,37,600

Divine Hira Jewellers Ltd IPO Lot Size

Application Lots Shares Amount
Retail (Min) 2 1,600 ₹0
Retail (Max) 2 1,600 ₹0
S HNI (Min) 3 2,400 ₹0
S HNI (Max) 0 0 ₹0
B HNI (MIN) 1 800 ₹0

Divine Hira Jewellers Ltd IPO registrar

Bigshare Services Pvt Ltd
Phone Number +91 226 263 8200
Email Id investor@bigshareonline.com
Website www.bigshareonline.com

Divine Hira Jewellers Ltd IPO Lead Manager

1. Horizon Management Pvt Ltd

Divine Hira Jewellers Ltd Financial Information

March 31, 2025 March 31, 2024 March 31, 2023
Net Worth ₹43.42 cr ₹9.8 cr ₹8.32 cr
Reserves and Surplus ₹30.38 cr ₹2.49 cr ₹1 cr
Total Borrowing ₹19.27 cr ₹18.61 cr ₹14.05 cr

Divine Hira Jewellers Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Qualified Institutional Buyers (QIBs) 0 56,000 0
Non Institutional Investors (NIIs) 16,80,000 21,34,400 1.2705
NII(Bid amount of more than Ten Lakh Rupees) 0 0 0
NII(Bid amount of more than 2 Lakh < 10 Rupees) 16,80,000 0 0
Retail Individual Investors (RIIs) 16,80,000 1,11,28,000 6.6238
Total 35,37,600 1,33,18,400 3.7648

Strength of Divine Hira Jewellers Ltd

  • Experienced management and well trained and trustworthy employee base.
  • Wide Range of Products.
  • Quality Control.
  • Strong understanding of customer preference.
  • Hallmarking and Unique Identification.
  • Experienced Job Workers and Vendor Network.
  • Design Innovation for Customers.
  • Customer Satisfaction.

Risks Involved

  • Substantial portion of its revenues are dependent on few customers and the loss of, or a significant reduction in purchases by any one or more such customers could adversely affect its financial performance.
  • The company dependence on few suppliers puts its at risk of interruptions in the availability of raw materials, which could adversely affect the company business, financial condition and results of operations. Further, the company has not entered into any long-term agreements with its suppliers for raw materials and accordingly may not be able to enjoy credit and other facilities provided by its existing suppliers.
  • Its may be unable to obtain, renew or maintain statutory and regulatory permits, licenses and approvals required to operate its business which could result in an adverse effect on the company results of operations. Its require certain statutory and regulatory permits, licenses and approvals for the company business.
  • The non-availability or high cost of quality gold bullion and coloured stones may have an adverse effect on its business, results of operations and financial condition.
  • Its income and sales are subject to seasonal fluctuations and lower income in a peak season may have a disproportionate effect on its results of operations.
  • The company does not register its jewellery design under the Designs Act, 2000 and the company may suffer a loss of income if its designs are duplicated by the company competitors. Moreover, its susceptible to litigation arising out of infringement of copyright of designs.
  • The company generally do business with its customers on purchase order basis and does not enter into long term contracts with them. The company inability to maintain relationships with its customers could have an adverse effect on the company business, prospects, results of operations and financial condition.
  • The company dependency on job worker or Karigars for the performance of its operation may adversely affect the company business.
  • Any fluctuation and variation in price and supply of gold, which is a major raw material for the manufacture of its products, could adversely impact its income.
  • The company faces significant competition. Any failures to compete effectively may have a material adverse effect on its business and operations.
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Industry Outlook of Divine Hira Jewellers IPO

  • Market Expansion: Projections indicate that India's jewellery market will reach approximately US$93.56 billion in 2025, reflecting robust demand and market vitality.

  • Economic Contributions: The sector contributes about 10% to India's GDP and has been growing at an annual rate of 10%, underscoring its economic significance.

  • Consumer Trends: There is a growing consumer preference for sustainable and ethically sourced jewellery, including lab-grown diamonds, indicating a shift towards environmental consciousness.

  • Technological Integration: Advancements such as 3D printing are enabling intricate designs and personalized jewellery, catering to diverse consumer preferences.

  • Gold Demand: Despite high gold prices, investment demand remains strong, with gold-backed loans increasing by 68% in the first nine months of the fiscal year, reflecting gold's appeal as a secure asset.

 

Interested in more opportunities? Check out our Upcoming IPO section for new listings and don’t forget to check your IPO allotment status for Divine Hira Jewellers IPO.

 

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Frequently Asked Questions

What is Divine Hira Jewellers Ltd IPO?

Answer Field

Divine Hira Jewellers Ltd IPO is a SME IPO of 35,37,600 equity shares of a face value of ₹10 aggregating up to ₹31.84 Crores. The issue is priced at ₹90 to ₹90 per share. The minimum order quantity is 1600 Shares. The IPO opens on March 17, 2025, and closes on March 19, 2025. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Divine Hira Jewellers Ltd IPO will open?

Answer Field

The Divine Hira Jewellers Ltd IPO opens on March 17, 2025 and closes on March 19, 2025.

What is the lot size of Divine Hira Jewellers Ltd?

Answer Field

Divine Hira Jewellers Ltd lot size is 1600 shares, and the minimum amount required is ₹1,44,000.

How to apply for Divine Hira Jewellers Ltd IPO?

Answer Field

You can apply in Divine Hira Jewellers Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• 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.

• Approve the mandate request on your UPI and funds will be blocked.

When is Divine Hira Jewellers Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Divine Hira Jewellers Ltd IPO will be done on March 20, 2025, and the allotted shares will be credited to your demat account by March 21, 2025.

When is Divine Hira Jewellers Ltd IPO listing date?

Answer Field

The Divine Hira Jewellers Ltd listing date is March 24, 2025.

Who is the registrar of Divine Hira Jewellers Ltd IPO?

Answer Field

The registrar of Divine Hira Jewellers Ltd IPO is Bigshare Services Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Horizon Management Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Divine Hira Jewellers Ltd IPO?

Answer Field

The fresh issue size is ₹31.84 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Divine Hira Jewellers Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 1600 shares and ₹1,44,000 amount.

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

Answer Field

To apply for Divine Hira Jewellers Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Divine Hira Jewellers Ltd?

Answer Field

The price of each Divine Hira Jewellers Ltd share will be ranging in between ₹90 to ₹90 per share.

What is the cut-off time for the UPI mandate for Divine Hira Jewellers Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, March 19, 2025.

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