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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

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
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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

Investors can apply for the Divine Hira Jewellers IPO through their Demat account via the stock exchange or through their broker.
The issue size of the Divine Hira Jewellers IPO is 31 Cr.
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Divine Hira Jewellers IPO will be open between 2025-03-17 and 2025-03-19.
Divine Hira Jewellers IPO allotment date is 2025-03-21. For Divine Hira Jewellers IPO allotment status check, you can visit the website of the registrar of the IPO.
For Divine Hira Jewellers IPO, the IPO registrar is Bigshare Services Private Limited. You can check Divine Hira Jewellers IPO allotment status on the website of the registrar.
The shares are proposed to be listed on the BSE and NSE.
The Divine Hira Jewellers IPO shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.
The Divine Hira Jewellers IPO lot size is 1600 and minimum order quantity is 1600.
Divine Hira Jewellers IPO has set the price band for its IPO at 90 per equity share with a face value of 10.