Divine Hira Jewellers' IPO open date is March 17, 2025, and the closing date is March 19, 2025. This IPO is a fixed price issue worth up to Rs 31.84 crores. This upcoming IPO is offering entirely a fresh issue of 35.38 lakh equity shares; there are no offers for sale part included in this IPO.
Divine Hira Jewellers' IPO price is fixed at Rs90 per share. The IPO lot size for retail investors is 1,600 shares, while high-net-worth individuals must apply for a minimum lot of 3,200 shares. The minimum investment for retail investors is Rs1,44,000. The tentative allotment date is on Thursday, March 20, 2025. The registrar for the Divine Hira Jewellers IPO is Bigshare Services Pvt Ltd. The shares are expected to be listed on the NSE SME on Monday, March 24, 2025.
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Divine Hira Jewellers IPO GMP Live
Divine Hira Jewellers' IPO GMP is at Rs 0. The IPO GMP today reflects the current investor sentiment, with the potential for change as subscription levels vary. It is expected that if the subscription is oversubscribed, the IPO GMP might rise in the coming days. Divine Hira Jewellers' IPO GMP Live status will indirectly influence investor sentiment.
If the Grey Market premium is quoted 10 to 15% or above it could indicate a strong demand while increasing the price. If the live IPO GMP quotes remain below 10%, then investors might wane.
Divine Hira Jewellers IPO Price
Divine Hira Jewellers' IPO price is fixed at Rs 90 per share. The minimum amount required by the retail investors to participate in the IPO is Rs 1,44,000(Rs 90 X 1600 shares). Meanwhile, for the HNI category, the minimum amount required is Rs 2,88,000 (Rs 90 X3200 shares )
Divine Hira Jewellers Allotment Status
The allotment status of the IPO can be seen on the registrar Bigshare Services Pvt Ltd website on Thursday, March 20, 2025. Once the subscription period ends, the allotment status for investors who applied for the IPO can be checked on the registrar's website.
Divine Hira Jewellers Listing Date
Divine Hira Jewellers' IPO listing date is Monday, March 24, 2025. The listing will be on the NSE SME platform, and retail investors will be able to sell the shares after 10 AM on the listing day.
Divine Hira Jewellers IPO: Listing Date, Lot Size, Issue Size, Price Band
IPO Date |
March 17, 2025, to March 19, 2025 |
Listing Date |
Monday, March 24 2025 |
Face Value |
Rs 10 per share |
Issue Price |
Rs 90 per share |
Lot Size |
1,600 Shares |
Total Issue Size |
35,37,600 shares (aggregating up to Rs 31.84 Cr) |
Fresh Issue |
35,37,600 shares (aggregating up to Rs 31.84 Cr) |
Issue Type |
Book Built Issue IPO |
Listing At |
BSE SME |
Share Holding Pre Issue |
95,09,500 shares |
Share Holding Post Issue |
1,30,47,100 shares |
Market Maker Portion |
1,77,600 shares Giriraj Stock Broking Private Limited |
Divine Hira Jewellers: About the Company
Divine Hira Jewellers is a Mumbai-based company which specialises in the premium 22 Karat gold jewellery. The company leverages its deep market insights and crafts regionally inspired designs that cater to a diverse audience positioning them as key players in the industry. They have an extensive network of wholesalers, showrooms and retailers. Divine Hira Jewellers has a robust market presence in the country
It was led by Hirachand P. Gulecha, a seasoned industry expert with over 30 years of experience; the company is built on a foundation of trust, quality, and innovation. Divine Hira Jeweleres is dedicated to delivering excellence and reliability, making it a trusted partner for businesses seeking high-value jewellery solutions.
Divine Hira Jewellers IPO Objectives
Divine Hira Jewellers' IPO objectives include utilising the funding received from the fresh issue to meet its working capital needs and further its general corporate purposes. The proceeds will be allocated toward loan repayment and working capital requirements, and an additional fund will be designated for general corporate purposes.
Divine Hira Jewellers IPO: Key Dates, Allotment, Listing Date
IPO Open Date |
Monday, March 17, 2025 |
IPO Close Date |
Wednesday, March 19, 2025 |
Tentative Allotment |
Thursday, March 20, 2025 |
Initiation of Refunds |
Friday, March 21, 2025 |
Credit of Shares to Demat |
Friday, March 21, 2025 |
Tentative Listing Date |
Monday, March 24, 2025 |
Cut-off time for UPI mandate confirmation |
5 PM on March 19, 2025 |
Divine Hira Jewellers IPO Lot Size Details
Divine Hira Jewellers' IPO lot size is set at 1,600 shares per lot for retail investors. The minimum amount required for retail investors to participate in this IPO is Rs1,44,000 (Rs 90 x 1,600 shares). However, for the HNI category, the minimum investment amount required is Rs 2,88,000 (Rs 90 x 3,200 shares).
Divine Hira Jewellers IPO Promoter Holdings
Divine Hira Jewellers IPO promoters are Hirachand Pukhraj Gulecha, Niraj Hirachand Gulecha, Khushbu Niraj Gulecha and Hirachand P Gulecha (HUF). The overall holdings of the promoters combined before the IPO is
The promoter's combined shareholdings before the IPO is 99.74%; however, post-IPO, their shareholdings will be 72.7%.
Divine Hira Jewellers Financials (Amt in Rs Cr)
Period Ended |
30 Sep 2024 |
31 Mar 2024 |
31 Mar 2023 |
31 Mar 2022 |
Assets |
28.54 |
28.97 |
23.26 |
19.78 |
Revenue |
136.03 |
183.41 |
246.45 |
142.4 |
Profit After Tax |
2.5 |
1.48 |
0.91 |
0.28 |
Net Worth |
12.3 |
9.8 |
8.32 |
3 |
Reserves and Surplus |
9.51 |
7.32 |
7.32 |
|
Total Borrowing |
12.93 |
18.61 |
14.05 |
16.54 |
Lead Manager and Registrar of Divine Hira Jewellers IPO
Divine Hira Jewellers' lead manager is Horizon Financial Pvt Ltd. The company has appointed Bigshare Services Pvt Ltd as the registrar for this public issue.
How to apply for the Divine Hira Jewellers IPO
Interested investors who want to apply for the Divine Hira Jewellers IPO can directly apply from the Bigul trading app, or you can apply on the Bigul website by visiting here. You can also check the details of the upcoming IPO on the Bigul platform.
Divine Hira Jewellers IPO FAQs
1. What are the core details available of the Divine Hira Jewellers IPO?
Divine Hira Jewellers IPO is a fixed price issue worth up to Rs 31.84 crores. The price for this IPO is fixed at Rs90 per share, with a fresh issue of 35.38 lakh equity shares.
2. What is the Divine Hira Jewellers IPO open date and close date?
Divine Hira Jewellers IPO subscription opens on March 17, 2025, and closes on March 19, 2025.
3. What is Divine Hira Jewellers IPO GMP Live?
Divine Hira Jewellers' IPO GMP is at ₹0. The current GMP indicates the prevailing investor sentiment, with expectations that the listing price may match the allotment price if demand remains strong.
4. How do you check the IPO Allotment status?
Divine Hira Jewellers IPO allotment status will be available on the registrar Bigshare Services Pvt Ltd website after the subscription period closes, allowing investors to verify their allotment details.
5. Who are the registrar and lead managers of the Divine Hira Jewellers IPO?
Divine Hira Jewellers' IPO lead manager is Horizon Financial Pvt Ltd, and the registrar appointed for this public issue is Bigshare Services Pvt Ltd.
Also Read:
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- What is IPO GMP?
- Difference between IPO and FPO For Beginners
- Difference between SME IPO and Mainline IPO?