Divine Hire Jewellers Limited IPO
NSE SMEListed On: Mar 24, 2025 at ₹ 90.0
₹ 288000 /3200 Shares
*Min Investment
17 Mar, 2025
Open Date19 Mar, 2025
Close Date20 Mar, 2025
Allotment Date24 Mar, 2025
Listing DateDivine Hire Jewellers IPO Issue Details
- Issue Price ₹90 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 35,37,600 shares(aggregating up to ₹31.84 crore)
- Fresh Share 35,37,600 shares(aggregating up to ₹31.84 crore)
- Listing at NSE SME
- List Price 90.0
- Listing Date 2025-03-24
- Lead Manager Horizon Financial Pvt Ltd
- Registrar Bigshare Services Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1600 | ₹1,44,000 |
| Retail(max) | 1 | 1600 | ₹1,44,000 |
| NII (min) | 2 | 3,200 | ₹2,88,000 |
Divine Hire Jewellers IPO Reservation
Divine Hire Jewellers IPO offers total 35,37,600 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,16,80,000 (47.49%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | NA (NA%) | |
| Market Maker Shares Offered | 1,77,600 (5.02%) | |
| Retail Shares Offered | 16,80,000 (47.49%) | |
| Total Shares Offered | 35,37,600 (100%) |
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.
Divine Hire Jewellers IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 16,80,000 | 16,80,000 | 33,60,000 |
Day 1 17-03-25 06:00 PM | 0.19 x | 1.19 x | 0.69 x |
Day 2 18-03-25 06:00 PM | 0.49 x | 3.27 x | 1.88 x |
Day 3 19-03-25 06:00 PM | 1.30 x | 6.62 x | 3.96 x |
Divine Hire Jewellers Valuations
Divine Hire Jewellers Company Financials
| 30-Sep-24 | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|---|
| 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 | 3.0 |
| Reserves & Surplus | 9.51 | 7.32 | 7.32 | N/A |
| Total Borrowing | 12.93 | 18.61 | 14.05 | 16.54 |
About Divine Hire Jewellers 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.
Divine Hire Jewellers - Promoter(s)
Hirachand Pukhraj Gulecha
Niraj Hirachand Gulecha
Khushbu Niraj Gulecha
Hirachand P Gulecha (HUF)
Pre Issue Share Holding : 99.74%
Post Issue Share Holding : 72.70%
Divine Hire Jewellers IPO - Issue Objectives
Prepayment or repayment of all or a portion of certain loans availed by the company
Funding of working capital requirements of the Company
General corporate purposes
Divine Hire Jewellers IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Divine Hire Jewellers Limited | 1.56 | 1.56 | 10.31 | 57.69 | 16.36 | 9 | Standalone |
| Sky Gold Ltd | 35.18 | 35.03 | 184.42 | 99.09 | 23.66 | 5.22 | Consolidated |
Notes:
- Return on Net Worth (%) = Profit for the year ended March 31, 2024, divided by Total Equity of the Company as on March 31, 2024.
- NAV is computed as the Total Equity of the Company as of March 31, 2024, divided by the outstanding number of equity shares as of March 31, 2024.
Contact Details
Divine Hire Jewellers
74/A, 1st Floor, Office No.2, Opp. Hotel Bhagat Tarachand, Zaveri Bazar, Mumbai 400002
+91 222 240 2662
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
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. You can track the real-time subscription numbers using the links below:
Ans. The size of Divine Hire Jewellers Limited IPO is 35,37,600 shares(aggregating up to ₹31.84 Cr).
Ans. The Divine Hire Jewellers Limited IPO price band is set between ₹90 per equity share.
Ans. To apply for Divine Hire Jewellers Limited 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 Divine Hire Jewellers Limited IPO allotment status online.
