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Divine Hira Jewellers IPO
3.27xsubscribed

Divine Hira Jewellers IPO

Diamond & Jewellery
listed
₹1.44LMin. investment

Divine Hira Jewellers Limited IPO Details

SectorDiamond & Jewellery
Price range₹90.00 – ₹90.00
IPO type
SME
Lot size1600 shares
Issue size₹31Cr
Red Herring Prospectus
Read
RevenueApr 2023 - Mar 2024
₹183.25CrLower than sector avg
Growth rate3Y CAGR
8.77%Higher than sector avg

Divine Hira Jewellers IPO Subscription Status

Date
QIB
NII
Retail
Total
17-Mar-25
0.0 times (X)
0.0 times (X)
1.18 times (X)
0.59 times (X)
18-Mar-25
0.0X
0.0X
3.23X
1.62X
19-Mar-25
0.0X
0.0X
6.5X
3.27X

As on 17-Mar-25, 5:30 PM

Divine Hira Jewellers IPO Timeline

  1. Pre-apply
    13 Mar 2025
  2. Bid start
    17 Mar 2025
  3. Bid end
    19 Mar 2025
  4. Allotment
    20 Mar 2025
  5. Release of funds
    21 Mar 2025
  6. Demat transfer
    21 Mar 2025
  7. Listing
    24 Mar 2025

About Divine Hira Jewellers Limited

Divine Hira Jewellers Limited, based in Mumbai, specializes in 22 Karat gold jewellery, offering a wide range from everyday to luxury items. Founded in 1984, the company designs machine-made, handmade, and plain jewellery, catering to diverse customer tastes with customization options. Known for high-quality craftsmanship and efficient processes, they ensure all pieces meet BIS purity standards. Recently, they expanded into antique jewellery, blending historical artistry with modern design. The company aims to be a trusted leader in the gold jewellery market.

Checklist

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Objectives of Divine Hira Jewellers Limited IPO

Working capital requirements
59.67%
The company will allocate ₹19 Cr for its own working capital needs.
Repayment or prepayment of borrowings
9.42%
₹3 Cr will be used to repay or prepay certain outstanding borrowings by the company.
General corporate purposes
Not assigned
Part of the IPO proceeds will be used for general corporate purposes and strategic initiatives.

Compare

CompanyRevenue*3Y growthPATP/E ratioD/E ratio
This IPO₹183.25Cr8.77%₹1.48Cr57.691.90
This sector (avg.)₹7,172.77Cr0.03%₹66.45Cr45.820.57
₹60,456Cr---₹3,337Cr85.471.79
₹25,045.07Cr---₹714.17Cr40.101.03
₹4,910.58Cr---₹118.71Cr42.340.72

*Revenue for financial year 2023-24. Lower P/E and D/E ratios are generally preferred.

Divine Hira Jewellers IPO Contact Details

Company NameDivine Hira Jewellers Limited

How to apply for Divine Hira Jewellers IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Divine Hira Jewellers Limited IPO FAQs