✓
Open
17 Mar 2025
✓
Close
19 Mar 2025
3
Allotment
—
✓
Listing
Mon, Mar 24, 2025
Price Band
₹90 per share
Issue Size
35,37,600 shares (agg. up to ₹32 Cr)
Lot Size
1,600 Shares
Listing Date
Mon, Mar 24, 2025
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 3.88x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 28.54 | 28.97 | 23.26 | 19.78 |
| Total Income | 136.03 | 183.41 | 246.45 | 142.40 |
| Profit After Tax | 2.50 | 1.48 | 0.91 | 0.28 |
| NET Worth | 12.30 | 9.80 | 8.32 | 3.00 |
| Reserves and Surplus | 9.51 | 7.32 | 7.32 | |
| Total Borrowing | 12.93 | 18.61 | 14.05 | 16.54 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Kabra Jewels Ltd. | SME | ₹40.00 Cr | ₹128 | 10.03 | ₹255.35 | +99.49% | ₹105.00 (+0.96%) |
| Utssav CZ Gold Jewels Ltd. | SME | ₹69.50 Cr | ₹110 | 26.92 | ₹115.55 | +5.05% | ₹551.15 (+4.83%) |
| Varyaa Creations Ltd. | SME | ₹20.10 Cr | ₹150 | 65.56 | ₹270.75 | +80.50% | ₹29.00 (-2.62%) |
| P N Gadgil Jewellers Ltd. | Mainboard | ₹1,100.00 Cr | ₹480 | 36.7 | ₹793.30 | +65.27% | ₹595.05 (-0.25%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Prepayment or repayment of all or a portion of certain loans availed by the company | 3.00 |
| 2 | Funding of Working Capital Requirement of the company | 19.00 |
| 3 | General Corporate Purposes | 6.19 |
| 4 | Issue expenses | 3.65 |
| Total | 31.84 |
About Divine Hira Jewellers IPO
Incorporated in July 2022 Divine Hira Jewellers Limited specializes in designing and marketing premium 22 Karat gold jewelry. The company caters to wholesalers, showrooms, and retailers with a diverse range of gold jewelry that combines traditional artistry with modern elegance. Their collection comprises various designs crafted to meet diverse preferences. Products include necklaces, mangalsutras, chains, malas, rings, pendants, bracelets, bangles, kadas, coins, and wedding jewelry. They emphasize localized design, ensuring creations resonate with regional tastes. The company is a wholesaler of gold jewellery, silver articles, bullions, and coins in Mumbai, Maharashtra. As of October 31, 2024, the company had nine employees in various departments. Competitive Strength: Established Brand Presence attracts both wholesalers and retailers. Portfolio of 22 Karat gold jewelry: necklaces, bangles, chains, rings, pendants, and wedding collections. Artisans and in-house designers create unique, regional designs, giving Divine Hira Jewellers a competitive edge. For consistent sales, the company maintains strong ties with wholesalers, retailers, and showrooms. + Read More
Contact Details
Divine Hira Jewellers Ltd. Address74/A, 1st Floor, Office No.2Opp.Hotel Bhagat TarachandZaveri BazarMumbai, Maharashtra, 400002+91 222 240 2662info@divinehirajewellers.comVisit Website