Divine Hira Jewellers Limited
Mar 17, 2025 - Mar 19, 2025
Divine Hira Jewellers Limited IPO Details
Status
listed
Issue Price
₹90.00
Lot Size
1600 Shares
Subscription
3.93 times
Listing Price
Face Value
₹10 Per share
Issue Size
Approx ₹31.84 Cr
Fresh Issue
Approx ₹31.84 Cr
Total Shares Offered
-
Retail Quota
50%
QIB Quota
-
HNI Quota
50%
Retail Approx
-
S-HNI Approx
-
B-HNI Approx
-
Issue Type
Fixed Price Issue IPO
Listing On
NSE SME
Registrar
Bigshare Services Pvt Ltd
IPO Tentative Timetable
Valuation
Earning Per Share (EPS)
₹1.56
Price/Earning P/E Ratio
57.69
Return on Net Worth (RoNW)
16.36%
Net Asset Value (NAV)
₹10.31
Promoters
Pre issue Share Holding
99.74%
Post issue Share Holding
72.70%
Company Promoters
- Hirachand Pukhraj Gulecha
- Niraj Hirachand Gulecha
- Khushbu Niraj Gulecha
- Hirachand P Gulecha (HUF)
Lead Managers
Horizon Financial Pvt Ltd
Live Subscription
| Date | NII* | Retail | Total |
|---|---|---|---|
| Mar 17, 2025 | 0.19 | 1.19 | 0.69 |
| Mar 18, 2025 | 0.49 | 3.27 | 1.88 |
| Mar 19, 2025 | 1.2 | 6.62 | 3.93 |
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹1,44,000 |
| Retail (Max) | 1 | 1600 | ₹1,44,000 |
| HNI (Min) | 2 | 3,200 | ₹2,88,000 |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 1,77,600 (5.02%) |
| Other Shares Offered | 16,80,000 (47.49%) |
| Retail Shares Offered | 16,80,000 (47.49%) |
| Total Shares Offered | 35,37,601 (100%) |
Company Financial
| 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 |
About Company
The company supplies wholesalers, showrooms, and retailers with a wide range of gold jewelry that blends traditional craftsmanship with modern elegance. Their collection includes necklaces, mangalsutras, chains, malas, rings, pendants, bracelets, bangles, kadas, coins, and wedding jewelry. They focus on localized designs to match regional preferences.
Based in Mumbai, Maharashtra, the company is a wholesaler of gold jewelry, silver articles, bullions, and coins.
As of October 31, 2024, the company had nine employees working in different departments.
competitive strengths:
established brand presence – Attracts both wholesalers and retailers.
diverse portfolio – Offers 22 Karat gold jewelry, including necklaces, bangles, chains, rings, pendants, and wedding collections.
unique designs – Skilled artisans and in-house designers create regional styles, giving the company an edge over competitors.
strong industry ties – Maintains solid relationships with wholesalers, retailers, and showrooms to ensure steady sales.
Company Contact
74/a, 1st floor, office no.2,opp. hotel bhagat tarachandzaveri bazar, mumbai 400002
Phone: +91 222 240 2662
Email: info@divinehirajewellers.com
Website: http://www.divinehirajewellers.com/
Registrar Contact
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com