Divine Hira Jewellers Limited
Divine Hira Jewellers Limited is a Mumbai-based company engaged in the design and wholesale of 22 Karat gold jewellery. Known for their extensive product range, the company offers both traditional and contemporary gold pieces tailored to regional and cultural preferences across India. Their offerings include handcrafted and machine-made jewellery such as necklaces, bangles, rings, mangalsutras, and antique pieces, catering to both daily wear and special occasions.
Price Band₹90 |
Dates17 Mar - 19 Mar |
GMP₹0 (0.00%) |
Subscriptions- |
Issue Size₹31.84 Crs |
Divine Hira Jewellers IPO Objects
- Prepayment or repayment of certain loans availed by our Company
- Funding of working capital requirements of our Company
- General Corporate Purposes
Divine Hira Jewellers IPO Details
Price Band₹90 |
Listing AtNSE SME |
IPO Issue TypeFixed Price |
Fresh Issue₹31.84 Cr (0.35 Cr Shares) |
Offer For Sale₹0.00 (0.00 Shares) |
Total Issue₹31.84 Cr (0.35 Cr Shares) |
Face Value₹10 per equity share |
Divine Hira Jewellers IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Retail |
Minimum
1
1,600
1,44,000
Maximum
1
1,600
1,44,000
|
|||
| NII |
Minimum
2
3,200
2,88,000
|
|||
Divine Hira Jewellers IPO Subscription
Updated as on 19-Mar-2025 19:00:03 hrs
| Investor Category | Subscription (times) | Shares Offered | Shared Bid |
|---|---|---|---|
| Retail | - | 0 | 1,11,28,000 |
| Others | - | 0 | 21,90,400 |
| Total | - | 0 | 1,33,18,400 |
Divine Hira Jewellers IPO GMP
The estimated Grey Market Premium of Divine Hira Jewellers IPO is ₹0 per share (0.00%)
1. GMPs are available for IPOs with listing dates from May 1, 2025, onwards.
2. The GMP prices displayed here reflect news related to grey market trends. We do not trade or deal in the grey market, including subject-to-rates, nor do we recommend participating in grey market trading.
Category Allocation
| Particulars | Allocation |
|---|---|
| Retail | Not less than 50% of net offer |
| Others | Not more than 50% of net offer |
| Market Maker | 1,77,600 EQ Share |
Divine Hira Jewellers IPO Financials
| Particulars | Sep-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Revenue from Operations | 135.98 | 183.26 | 246.45 | 142.40 |
| Profit after Tax | 2.50 | 1.48 | 0.91 | 0.29 |
| Net Worth | 12.30 | 9.80 | 8.32 | 3.00 |
| Total Borrowing | 12.93 | 18.61 | 14.05 | 16.54 |
| Total Assets | 28.54 | 28.97 | 23.26 | 19.78 |
| NAV per share (in ₹) | 12.93 | 10.31 | 8.75 | 10.00 |
| EPS - Basic (in ₹) | 2.63 | 1.56 | 0.96 | 0.96 |
The financial information presented is on a consolidated basis
Key Performance Indicators
| KPI | KPI |
|---|---|
| EBITDA | 1.81% |
| PAT | 0.81% |
| ROE | 16.36% |
| ROCE | 13.54% |
| PE Ratio | 57.69 |
| PB Ratio | 8.73 |
| Mkt Cap (in Crs.) | 117.42 |
- All Ratios are based on Mar 24
- PE, PB, and Post-Issue Market Capitalization are calculated based on the upper price band.
Divine Hira Jewellers IPO Peer Comparision
| Particulars | Co. | Sky Gold |
|---|---|---|
| Revenue from Ops (in Crs.) | 183.26 | 1,745.49 |
| PAT (In Crs.) | 1.48 | 40.48 |
| EPS - Basic | 1.56 | 35.18 |
| NAV per share | 10.31 | 184.42 |
| RONW | 16.36% | 23.66% |
| EBITDA | 1.81% | 4.43% |
| PAT Margin | 0.81% | 2.32% |
| Price to earning (PE) | 57.69 | 99.09 |
- All the information pertains to FY 2023-24
- The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of November 06, 2024 for Peers
Divine Hira Jewellers IPO Peer Comparision
| Particulars | Co. |
|---|---|
| Revenue from Ops (in Crs.) | 183.26 |
| PAT (In Crs.) | 1.48 |
| EPS - Basic | 1.56 |
| NAV per share | 10.31 |
| RONW | 16.36% |
| EBITDA | 1.81% |
| PAT Margin | 0.81% |
| Price to earning (PE) | 57.69 |
| Sky Gold |
|---|
| 1,745.49 |
| 40.48 |
| 35.18 |
| 184.42 |
| 23.66% |
| 4.43% |
| 2.32% |
| 99.09 |
- All the information pertains to FY 2023-24
- The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of November 06, 2024 for Peers
Promoter Details
| Name | Shareholding |
|---|---|
| Hirachand P Gulecha (HUF) | 38.96% |
| Niraj Hirachand Gulecha | 29.74% |
| Hirachand Pukhraj Gulecha | 13.51% |
| Khushbu Niraj Gulecha | 10.26% |
| Other Promoter Group | 7.27% |
Management Details
| Name | Designation |
|---|---|
| Hirachand Pukhraj Gulecha | MD |
| Ganesh Bhanudas Bhayde | CFO |
Company Details
Name : Divine Hira Jewellers Limited
Address : 74/A, 1st Floor, Office No.2, Opp. Hotel Bhagat Tarachand, Zaveri Bazar, Mumbai- 400 002, Maharashtra, India
Number : 91 222 240 2662
Email : info@divinehirajewellers.com
Website : www.divinehirajewellers.com
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Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
Divine Hira Jewellers IPO is a SME IPO having an issue size of Rs. ₹31.84 Crs. Divine Hira Jewellers IPO is priced at ₹90 - ₹90 per share. The issue opens on 17 Mar 25 and closes on 19 Mar 25.
Divine Hira Jewellers IPO opens on 17 Mar 25 and closes on 19 Mar 25.
The estimated Grey Market Premium of Divine Hira Jewellers IPO is ₹0 per share (0.00%).
The minimum lot size of Divine Hira Jewellers IPO is 1600 shares & the minimum application amount is Rs. 144000.
The allotment date of Divine Hira Jewellers IPO is 20 Mar 25.
The listing date of Divine Hira Jewellers IPO is 24 Mar 25.
Divine Hira Jewellers IPO is subscribed -.
Divine Hira Jewellers IPO is priced at ₹90 - ₹90 per share.
Click the allotment link on Divine Hira Jewellers IPO page of IPO360.
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