IPO

Divine Hire Jewellers Limited IPO

NSE SME

Listed On: Mar 24, 2025 at ₹ 90.0

₹ 144000 /1600 Shares

Check Allotment
Divine Hire Jewellers IPO Details

17 Mar, 2025

Open Date

19 Mar, 2025

Close Date

20 Mar, 2025

Allotment Date

24 Mar, 2025

Listing Date

Issue Price

₹90 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Bigshare Services Pvt Ltd

List Price

90.0

Listing Date

2025-03-24

Market Lot

1600 Shares (₹144,000/-)

Lead Manager

Horizon Financial Pvt Ltd

Issue Size

35,37,600 shares(aggregating up to ₹31.84 Cr)

Retail Portion

50%

Subscription

3.96 times

IPO Docs

DRHP RHP

Divine Hire Jewellers IPO Details


Divine Hire Jewellers Limited IPO is an SME IPO, priced at ₹90 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 35,37,600 equity shares, aggregating up to ₹31.84 crores..

The IPO bidding window is open from Mar 17, 2025 to Mar 19, 2025. The allotment is expected to be finalized on Mar 20, 2025, and the tentative listing date is Mar 24, 2025.

The minimum lot size for retail investors is 1600 shares, with a minimum investment of ₹1,44,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,88,000.

Horizon Financial Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Giriraj Stock Broking Private Limited will act as the market maker for this issue.

Read More

Divine Hire Jewellers IPO Subscription Details

As onQIB / NIIRetailTotal
Shares Offered / Reserved16,80,00016,80,00033,60,000
Day 1 - 17-03-25 06:00 PM0.19 x1.19 x0.69 x
Day 2 - 18-03-25 06:00 PM0.49 x3.27 x1.88 x
Day 3 - 19-03-25 06:00 PM1.30 x6.62 x3.96 x
Total No. of Applications: 7,446 (Approx)

Divine Hire Jewellers Valuations

EPS Pre IPO

₹/-

EPS Post IPO

₹/-

P/E Pre IPO

P/E Post IPO

ROE

16.36%

ROCE

13.54%

Debt/Equity

1.90

RoNW

16.36%

PAT Margin

0.81

Price to Book Value

Divine Hire Jewellers Company Financials All values are in ₹ Cr.

30-Sep-2431-Mar-2431-Mar-2331-Mar-22
Assets28.5428.9723.2619.78
Revenue136.03183.41246.45142.4
Profit After Tax2.51.480.910.28
Net Worth12.39.88.323.0
Reserves & Surplus9.517.327.32N/A
Total Borrowing12.9318.6114.0516.54

About The Company

Established in July 2022 Divine Hira Jewellers Limited is engaged in designing and marketing upmarket 22 Karat gold jewelry.

Divine Hira Jewellers Limited serves wholesalers, showrooms, and retailers with a wide assortment of gold jewelry blending classic craftsmanship with contemporary sophistication.

Their range consists of different designs developed to suit different tastes. Products span necklaces, mangalsutras, chains, malas, rings, pendants, bracelets, bangles, kadas, coins, and wedding wear. They focus on localized design, making the creations appeal to local tastes.

The company is a gold jewellery, silver items, bullions, and coin wholesaler in Mumbai, Maharashtra.

The company employed nine people in different departments as of October 31, 2024.

Read More

Divine Hire Jewellers - Promoter(s)

Pre Issue Share Holding: 99.74%

Post Issue Share Holding: 72.70%

Company Promoter(s)
  1. Hirachand Pukhraj Gulecha
  2. Niraj Hirachand Gulecha
  3. Khushbu Niraj Gulecha
  4. Hirachand P Gulecha (HUF)

Divine Hire Jewellers IPO - Issue Objectives

  1. Prepayment or repayment of all or a portion of certain loans availed by the company
  2. Funding of working capital requirements of the Company
  3. General corporate purposes

Other Details

Company Contact Details

Divine Hire Jewellers

74/A, 1st Floor, Office No.2, Opp. Hotel Bhagat Tarachand, Zaveri Bazar, Mumbai 400002

Phone: +91 222 240 2662

Email: info@divinehirajewellers.com

Website: http://www.divinehirajewellers.com/

Registrar Contact Details

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Email: ipo@bigshareonline.com

Website: https://ipo.bigshareonline.com/ipo_status.html

Divine Hire Jewellers IPO - FAQs

Ans. Divine Hire Jewellers Limited IPO is a SME IPO. The issue is priced at ₹90 per equity share. The minimum order quantity is 1600 Shares. The IPO opens on Mar 17, 2025, and closes on Mar 19, 2025. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Divine Hire Jewellers Limited IPO opens on Mar 17, 2025 and closes on Mar 19, 2025.

Ans. The size of Divine Hire Jewellers Limited IPO is 35,37,600 shares(aggregating up to ₹31.84 Cr).

Ans. The IPO price band is set between ₹90 per equity share.

Ans. To apply for Divine Hire Jewellers Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find Divine Hire Jewellers Limited IPO in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of Divine Hire Jewellers Limited IPO is Mar 20, 2025.

Ans. The Divine Hire Jewellers Limited IPO will be listed on Mar 24, 2025.

Ans. Follow the steps to check the allotment status for Divine Hire Jewellers Limited IPO here.