Divine Hira Jewellers Limited
Fixed Price Issue IPO · NSE
- Price band
- ₹90 - ₹90
- Lot size
- 1,600 shares
- Issue amount
- ₹31.84 cr
- Total subscription
- 3.76×
- Opens
- 17 Mar 2025
- Closes
- 19 Mar 2025
- Allotment
- 20 Mar 2025
- Listing
- 24 Mar 2025
Offer at a glance
Issue overview
- Issue size
- 35,37,600 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,44,000
- Fresh issue
- ₹31.84 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,44,000
- Issue type
- Fixed Price Issue IPO
- Shares before issue
- 95,09,500
- Shares after issue
- 1,30,47,100
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,600 | ₹1,44,000 |
| HNI | 2 | 3,200 | ₹2,88,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | — | 1 |
| NIB | — | 490 |
| RETAIL | — | 6,955 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 0 | 0.5 |
| RETAIL | 15.12 | 100.15 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 2.63 | 1.56 | 0.96 |
| ROE | 22.61 | 16.36 | 13.65 |
| ROCE | 15.13 | 13.54 | 8.34 |
| RONW | 20.31 | 16.36 | 16.12 |
| PRE IPO(PE) | 0 | 0 | 0 |
| POST IPO(PE) | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Divine Hira Jewellers Limited, founded in July 2022, is dedicated to designing and selling high-quality 22 Karat gold jewelry. They serve wholesalers, showrooms, and retailers with a variety of pieces that combine traditional craftsmanship with modern style. Their collection includes necklaces, mangalsutras, chains, malas, rings, pendants, bracelets, bangles, kadas, coins, and wedding jewelry, with a focus on designs that appeal to regional preferences. The company also wholesales silver items, bullions, and coins, based in Mumbai, Maharashtra. As of October 31, 2024, Divine Hira Jewellers Limited employs nine people across different departments to ensure smooth operations and excellent customer service.
Strengths
- Strong Brand Recognition – Divine Hira Jewellers Limited has earned a solid reputation in the market, drawing both wholesalers and retailers who are looking for top-quality gold jewelry.
- Wide Range of Products – The company offers a broad selection of 22 Karat gold jewelry, including necklaces, bangles, chains, rings, pendants, and wedding collections, appealing to a diverse range of customers.
- Expert In-House Designs – With talented artisans and designers on staff, the company creates one-of-a-kind, regionally inspired pieces, giving them a unique advantage in the jewelry industry.
Risk factors
- Customer Concentration Risk – A significant part of Divine Hira Jewellers Limited’s revenue comes from a few key customers. If the company loses business from any of them, it could have a major impact on its financial performance.
- Supplier Dependence & Raw Material Risk – The company depends on a small number of suppliers for its raw materials and doesn't have long-term agreements in place, which could lead to supply issues, price changes, and difficulties accessing credit.
- Regulatory Compliance Risk – The company needs various permits, licenses, and approvals to operate. Failing to obtain, renew, or maintain these could negatively affect its operations and financial results.
Promoters
Hirachand Pukhraj Gulecha
Niraj Hirachand Gulecha
Khushbu Niraj Gulecha
Hirachand P Gulecha
Registrar & documents
Lead manager
Horizon Management Private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
74/A, 1st Floor, Office No.2, Opp. Hotel Bhagat Tarachand Zaveri Bazar, Mumbai 400002
+91 222 240 2662
[email protected]Company website ↗Understanding DIVINEHIRA IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.