Divine Hira Jewellers IPO Review – Should You Apply or Not?
Posted by : sachet | Sun Mar 16 2025
Divine Hira Jeweller’s IPO is set to be listed on the Indian stock exchanges on Monday, 24th March 2025. Investors will be allowed to subscribe to the public offer from 10:00 AM starting on 17th March 2025, and the last bid will be received by 19th March 2025, Wednesday.
The Divine Hira Jewellers IPO is a fixed price issue offered at a price of ₹ 90 per share, including a premium of ₹ 80 over the face value of ₹ 10. The total number of shares in the offer is 35,37,600 equity shares. The minimum lot size of the offer is set at 1,600 shares for the retail segment, whereas for the HNI segment the lot size is 3,200 equity shares.
The total size of Divine Hira Jewellers IPO in terms of value stands at a figure of ₹ 31.84 crores with a total quantity of 35,37,600 equity shares.
The market maker for the Divine Hira Jewellers IPO is Giriraj Stock Broking Private Limited, while the registrar is Bigshare Services Private Limited. The book-running lead manager of the IPO is Horizon Management Private Limited.
Divine Hira Jewellers IPO Key Details
| Particulars | Details |
| IPO Size (quantity) | 35,37,600 equity shares |
| IPO Size (value) | ₹ 31.84 crores |
| Lot Size (retail) | 1,600 equity shares |
| Lot Size (HNI) | 3,200 equity shares |
| Issue Price (Fixed) | ₹ 90 / share |
| Face Value | ₹ 10 / share |
| Issue Type | Fixed issue |
| Listing At | NSE SME |
Divine Hira Jewellers IPO Dates
| Particulars | Dates |
| Open Date | 17th Match 2025, Monday |
| Close Date | 19th March 2025, Wednesday |
| Basis of Allotment | 20th March 2025, Thursday |
| Initiation of Refund & Credit of Shares | 21st March 2025, Friday |
| Listing Date | 24th March 2025, Monday |
Divine Hira Jewellers IPO – Grey Market Premium (GMP)
Divine Hira Jewellers IPO GMP: Grey Market Premium (GMP) refers to the price of an IPO trailing in the grey markets. It also refers to the difference between the issue price and the grey market price of an IPO.
Divine Hira Jewellers Limited has a trading grey market premium of ₹ 0 as of 15th March 2025. This GMP indicates a neutral listing of the IPO on the Indian markets. Refer to the table below for more information on the Divine Hira Jewellers IPO GMP of the previous days:
Divine Hira Jewellers IPO GMP Trend
| GMP Date | [A]GMP (₹) | [B]Issue Price (₹) | [A+B]Estimated Listing Price (₹) | Estimated Listing Gains (%) |
| 15-03-2025 | ₹ 0 | ₹ 90 | ₹ 90 | 0.00% |
| 14-03-2025 | ₹ 0 | ₹ 90 | ₹ 90 | 0.00% |
| 13-03-2025 | ₹ 0 | ₹ 90 | ₹ 90 | 0.00% |
| 12-03-2025 | ₹ 0 | ₹ 90 | ₹ 90 | 0.00% |
| 11-03-2025 | ₹ 0 | ₹ 90 | ₹ 90 | 0.00% |
| 10-03-2025 | ₹ 0 | ₹ 90 | ₹ 90 | 0.00% |
*Data is updated as of 15th March 2025
Divine Hira Jewellers IPO Financial Performance
Before investing in a company, it is crucial to analyse its financial performance to understand the profit growth, cash flow, and other risks and strengths. Analysis of the financial statements can help you to project future profitability prospects. Therefore, to make informed decisions regarding the Divine Hira Jewellers IPO, you must take a look at the below financials of the company:
| Particulars | FY 2024 | FY 2023 | FY 2022 |
| Revenue From Operations | ₹ 18,325.61 | ₹ 26,644.59 | ₹ 14,240.17 |
| EBDITA | ₹ 331.61 | ₹ 259.33 | ₹ 162.11 |
| EBDITA Margin (%) | 1.81 % | 1.05 % | 1.14 % |
| Net Profit After Tax | ₹ 148.17 | ₹ 91.23 | ₹ 28.91 |
| Net Profit Margin (%) | 0.81 % | 0.37 % | 0.20 % |
(Figures are in ₹ Lakhs Except Percentage)
Explanation – The above table depicts the financial performance of Divine Hira Jewellers Limited for the period FY 2022 to FY 2024. Divine Hira Jewellers Limited clocked a revenue of ₹ 14,240.17 lakhs from its core operations in the fiscal year 2021-22. In FY 2023, the company’s revenue increased by 87.10 % to ₹ 26,644.59 lakhs. However, there was a decrease in the figures in the FY 2024, wherein the revenue came down by 31.22 % to ₹ 18,325.61 lakhs.
The Earnings Before Depreciation, Interest, Tax, and Amortization (EBDITA) of Divine Hira Jewellers Limited in FY 2022 was ₹ 162.11 lakhs with an EBDITA margin of 1.14 %. The figure rose to ₹ 259.33 in FY 2023 with a slight decrease of .09 % in EBDITA margin to 1.05 % which was further revived to 1.81 % in FY 2024 when the company clocked an EBDITA of ₹ 331.61 lakhs.
Divine Hira Jewellers Limited Key Performance Indicators (KPIs)
Key performance indicators are mathematical matrices that are derived using companies’ financial information. These are quantitative measures that can help you to analyse the performance of Divine Hira Jewellers Limited and assist you in making a better investment decision.
Divine Hira Jewellers Limited Peer Comparison
| Financial Metrics | Divine Hira Jewellers Limited | Sky Gold Limited | Kalyan Jewellers Limited | PC Jewellers Limited |
| Net Profit After Tax (Cr.) | ₹ 1.4817 | ₹ 40.48 | ₹ 596 | ₹ – 629 |
| EPS | 1.56 | 3.06 | 5.80 | – 1.35 |
| Face Value | ₹ 10.0 | ₹ 10.0 | ₹ 10.0 | ₹ 1.00 |
| P/E Ratio | 57.69 | 45.5 | 66.9 | 20.9 |
| Pat Margin (%) | 0.81 % | 2.30 % | 3.20 % | – 104 % |
(Figures are updated from the financial results of FY 2024)
Divine Hira Jewellers IPO Reservation Requirement
Divine Hira Jewellers IPO is a NSE SME IPO, likely to be listed on the Indian stock exchanges on 24th March 2025. The Divine Hira Jewellers IPO reservation is as follows:
| Investor Categories | Reservation Required |
| QIB | <50% of net issue |
| Retail Investors | >35% of net issue |
| NII (HNI) | >15% of net issue |
| Total | 100% |
Divine Hira Jewellers IPO Lot Size Structure
| Investors Category | Lots | Minimum shares (A) | Issue Price (B) | Amount (A*B) |
| Retail (Min) | 1 | 1,600 | ₹ 90 | ₹ 1,44,000 |
| Retail (Max) | 1 | 1,600 | ₹ 90 | ₹ 1,44,000 |
| HNI (Min) | 2 | 3,200 | ₹ 90 | ₹ 2,88,000 |
Divine Hira Jewellers IPO Subscription Details
Divine Hira Jewellers IPO subscription status has not been updated yet. The same will be updated after 10:00 AM on the IPO opening date, i.e, 17th March 2025.
| Investor Category | Subscription (Times) | Shares Offered | Shares Bid | Total Amount (₹ cr.) |
| Non Institutional Buyers | Yet to be announced | Yet to be announced | Yet to be announced | Yet to be announced |
| Retail Investors | Yet to be announced | Yet to be announced | Yet to be announced | Yet to be announced |
| Total | Yet to be announced | Yet to be announced | Yet to be announced | Yet to be announced |
*Data updated as of 15th March 2025
Divine Hira Jewellers IPO Objectives
Divine Hira Jewellers IPO is being issued at a fixed price of ₹ 90, which includes a premium of ₹ 80 per equity share. Divine Hira Jewellers Limited intends to use the net issue proceeds from the IPO for the following objectives:
1. Prepayment or repayment of certain loans availed by our Company;
2. Funding of working capital requirements of our Company;
3. General Corporate Purposes
Divine Hira Jewellers Limited will be deploying the net issue proceeds (Gross issue proceeds – issue expenses) for the fulfilment of the objectives mentioned above in the following manner:
| Sr. No. | Particulars | Estimated Cost | Amount To Be Deployed From Net Proceeds | Funding From Internal Accruals | Estimated Amount of Net Proceeds To Be Used In FY 2026 |
| 1 | Repayment or pre-payment, in full or in part, of certain loans availed by the company. | ₹ 300 | ₹ 300 | Nil | ₹ 300 |
| 2 | To meet working capital requirements | ₹ 1,900 | ₹ 1,900 | Nil | ₹ 1,900 |
| 4 | General Corporate Purposes | ₹ 619.09 | ₹ 619.09 | Nil | ₹ 619.09 |
(figures in ₹ lakhs)
About Divine Hira Jewellers Limited
Divine Hira Jewellers Limited was founded by Hirachand Gulecha. The company incorporated as a public limited company on 19th July 2022. It is engaged in the business of designing and marketing gold jewellery in India, mainly in the 22 Karat Gold segment.
They are also engaged in wholesale jewellery of gold, silver, bullions, and coins at Mumbai, Maharashtra. Divine Hira Jewellers Limited currently does not have its own manufacturing facility and outsource their jewellery manufacturing business to artisans.
Divine Hira Jewellers Limited has a portfolio of gold jewellery, including machine-made, handmade, & plain old jewellery such as necklace, mangalsutra, chains, malas, rings, pendants, bracelets, bangles, kada, coins, and other wedding jewellery.
How to Apply for Divine Hira Jewellers IPO
To apply for the Divine Hira Jewellers IPO, you simply need to follow the below steps:
Step 1 – Research the risks, benefits, and key details of the public offer.
Step 2 – Open a demat account with Univest to know more about the Divine Hira Jewellers IPO and invest in it. If you have an old demat account, you can also use it to invest in the IPO.
Step 3 – If you are a retail investor, place a bid of 1,600 shares for a total amount of ₹ 1,44,000 lakhs.
Step 4 – Once the bidding process is completed, you will receive a request for payment initiation using your chosen investment method. Approve the payment request and stay updated with the allotment status for the Divine Hira Jewellers IPO.
Snapshot of Divine Hira Jewellers IPO
- Divine Hira Jewellers IPO is a fixed price issue consisting of 35,37,600 equity shares aggregating to an IPO size of ₹ 31.84 crores.
- The IPO is set to open for subscription on 17th March 2025 and close on 19th March 2025.
- The issue consists of a whole fresh issue of 35,37,600 shares.
- The Divine Hira Jewellers IPO GMP is currently trading at ₹0, which indicates a neutral listing of shares on the Indian markets.
FAQ on Divine Hira Jewellers IPO
What is the price of the Divine Hira Jewellers IPO?
The Divine Hira Jewellers IPO is a fixed price issue consisting entirely of a fresh issue of shares aggregating to a total size of ₹ 31.84 crores, which is being offered with a fixed price ₹ 90 per share.
When will the IPO of Divine Hira Jewellers Limited open for subscription?
The Divine Hira Jewellers IPO will open for subscription on 17th March 2025 and close on 19th March 2025.
How can I check Divine Hira Jewellers IPO status?
You can check the status of the Divine Hira Jewellers IPO either on the official website of the National Stock Exchange or through your registered stockbroking platform.
What is the GMP of Divine Hira Jewellers IPO?
The latest updated GMP of the Divine Hira Jewellers IPO as of 15th March 2025 is ₹0.
Open a demat account on Univest now to initiate your investment journey. Explore the Univest terms and conditions by clicking on the link.
Disclaimer: The above information is accumulated from authentic sources and is just for informational purposes. To have detailed information about Divine Hira Jewellers IPO, download the Divine Hira Jewellers IPO RHP and IPO DRHP. Conduct your own research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.
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