Allotment

Divine Hira Jewellers IPO is a fixed-price issue aggregating to ₹31.84 crore, consisting entirely of a fresh issue of 0.35 crore equity shares, amounting to ₹31.84 crore.
The IPO opened for subscription on March 17, 2025, and closed on March 19, 2025. The basis of allotment was finalized on March 20, 2025, and the shares were subsequently listed on the NSE SME platform on March 24, 2025.
The issue price was fixed at ₹90 per share. The lot size for application was 1,600 shares, requiring a minimum investment of ₹1,44,000 for retail investors at the issue price. For HNI investors, the minimum application size was two lots (3,200 shares), amounting to ₹2,88,000.
Horizon Management Pvt. Ltd. acted as the Book Running Lead Manager, Bigshare Services Pvt. Ltd. served as the Registrar to the Issue, and Giriraj Stock Broking Pvt. Ltd. was appointed as the Market Maker.
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| IPO Date | 24 Mar |
| IPO Listing Date | 24 Mar |
| IPO Face Value | ₹10 per share |
| IPO Price Range | ₹90.00 |
| IPO Issue Size | 35,37,600 share |
| IPO Sale Type | Fresh Capital |
| Employee Discount | - |
| IPO Issue Type | Fixed Price IPO |
| IPO Listing | NSE SME Platform |
| Share Holding Pre Issue | 95,09,500 shares |
| IPO Open Date | 17 Mar |
| IPO Close Date | 19 Mar |
| IPO Allotment (Tentative) | 20 Mar |
| Refunds | 21 Mar |
| Credit to Demat Account | 21 Mar |
| IPO Listing Date | 24 Mar |
| Category | Offer |
|---|---|
| QIB Shares Offered | - |
| NII (HNI) Shares Offered | 16,80,000 (47.49%) Shares |
| Retail Shares Offered | 16,80,000 (47.49%) Shares |
Investors can apply for a minimum of 1,600 shares, and bids must be made in multiples of 1,600 shares.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,44,000 |
| Retail (Max) | 1 | 1,600 | ₹1,44,000 |
| S-HNI (Min) | 2 | 3,200 | ₹2,88,000 |
| S-HNI (Max) | - | - | - |
| B-HNI (Min) | - | - | - |
Incorporated in July 2022, Divine Hira Jewellers Limited specializes in the designing and marketing of premium 22 Karat gold jewellery. The company caters primarily to wholesalers, showrooms, and retailers, offering a diverse portfolio that blends traditional craftsmanship with modern elegance.
The company’s product range includes an extensive variety of gold jewellery designed to suit different customer preferences and occasions. Its offerings comprise necklaces, mangalsutras, chains, malas, rings, pendants, bracelets, bangles, kadas, coins, and wedding jewellery. A strong emphasis is placed on localized and region-specific designs, ensuring that each collection aligns with regional tastes and cultural preferences.
Divine Hira Jewellers operates as a wholesaler of gold jewellery, silver articles, bullion, and coins, with its primary operations based in Mumbai, Maharashtra.
As of October 31, 2024, the company employed nine personnel across various functional departments.
Competitive Strengths
Established brand presence that appeals to both wholesalers and retailers
Comprehensive portfolio of 22 Karat gold jewellery, including necklaces, bangles, chains, rings, pendants, and wedding collections
Unique, regionally inspired designs created by skilled artisans and in-house designers, providing a competitive advantage
Strong and long-standing relationships with wholesalers, retailers, and showrooms, supporting consistent sales
| Assets | 28.54 | 28.97 | 23.26 |
| Total Income | 136.03 | 183.41 | 246.45 |
| Profit After Tax | 2.5 | 1.48 | 0.91 |
| EBITDA | - | - | - |
| NET Worth | 12.3 | 9.8 | 8.32 |
| Reserves and Surplus | 9.51 | 7.32 | 7.32 |
| Total Borrowing | 12.93 | 18.61 | 14.05 |
| ROE | 16.36% |
| ROCE | 13.54% |
| Debt/Equity | 1.9 |
| RoNW | 16.36% |
| PAT Margin | 0.81% |
| EBITDA Margin | - |
| Price to Book Value | - |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | 19 |
| 3 | To meet out the General Corporate Purposes; | 6.19 |
| 4 | Offer for Sale (OFS) | - |
Divine Hira Jewellers Ltd. Address
74/A, 1st Floor, Office No.2,
Opp. Hotel Bhagat Tarachand
Zaveri Bazar
Mumbai, Maharashtra, 400002
+91 222 240 2662
info@divinehirajewellers.com
IPO Registrar
Bigshare Services Pvt.Ltd.
+91-22-6263 8200
ipo@bigshareonline.com
https://ipo.bigshareonline.com/IPO_Status.html