Divine Hire Jewellers

Divine Hire Jewellers

NSE SME

₹144,000 / 1600 Shares

Offer Date:Mar 17, 2025 - Mar 19, 2025
Check Allotment
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IPO Live Subscription Details (times)

Date:19-Mar-2025 17:42:00 hrs
NII:1.30
Retail:6.62x
Total:3.96 times

IPO Details

Divine Hire Jewellers IPO is priced between ₹90 per equity share, with a face value of ₹10 per share. The company's equity shares will be listed on the NSE SME, and Bigshare Services Pvt Ltd is managing the issue as the registrar.

The IPO bidding period opened on 17 Mar, 2025, and closed on 19 Mar, 2025. The allotment results will be announced on 20 Mar, 2025, with a tentative listing date set for 24 Mar, 2025.

The total issue comprises 35,37,600 shares, amounting to ₹31.84 Cr.

Divine Hire Jewellers IPO Highlights

IPO DateListing DateFace ValuePrice BandLot SizeFresh IssueOffer for SaleListing At
Mar 17, 2025 - Mar 19, 202524 Mar, 2025₹10 Per Equity Share₹90 per equity share- Shares -NSE SME

Divine Hire Jewellers IPO Timeline

✓
IPO Open Date
17 Mar, 2025
✓
IPO Close Date
19 Mar, 2025
✓
Basis of Allotment
20 Mar, 2025
✓
Listing Date
24 Mar, 2025

Issue Price

₹90 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Bigshare Services Pvt Ltd

Market Lot

1600 Shares (₹144,000/-)

Lead Manager

Horizon Financial Pvt Ltd

Issue Size

35,37,600 shares(aggregating up to ₹31.84 Cr)

Retail Portion

50%

Subscription

3.96 times

IPO Docs

DRHP RHP

Divine Hire Jewellers IPO Financial Information

Period EndedAssetsRevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
30 Sep 2428.54136.032.512.39.5112.93
31 Mar 2428.97183.411.489.87.3218.61
31 Mar 2323.26246.450.918.327.3214.05
31 Mar 2219.78142.40.283.0N/A16.54

All values are in ₹ Cr.

Divine Hire Jewellers IPO Valuations

EPS PRE IPO

₹/-

EPS POST IPO

₹/-

PE PRE IPO

-

PE POST IPO

-

ROE

16.36%

ROCE

13.54%

DEBT EQUITY

1.90

RONW

16.36%

PAT MARGIN

0.81

PRICE TO BOOK VALUE

-

About Company

Established in July 2022 Divine Hira Jewellers Limited is engaged in designing and marketing upmarket 22 Karat gold jewelry.

Divine Hira Jewellers Limited serves wholesalers, showrooms, and retailers with a wide assortment of gold jewelry blending classic craftsmanship with contemporary sophistication.

Their range consists of different designs developed to suit different tastes. Products span necklaces, mangalsutras, chains, malas, rings, pendants, bracelets, bangles, kadas, coins, and wedding wear. They focus on localized design, making the creations appeal to local tastes.

The company is a gold jewellery, silver items, bullions, and coin wholesaler in Mumbai, Maharashtra.

The company employed nine people in different departments as of October 31, 2024.

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Divine Hire Jewellers IPO Subscription Details

As onQIB/NIIRetailTotal
Shares Offered / Reserved16,80,00016,80,00033,60,000
Day 1 - 17-03-25 06:00 PM0.19 x1.19 x0.69 x
Day 2 - 18-03-25 06:00 PM0.49 x3.27 x1.88 x
Day 3 - 19-03-25 06:00 PM1.30 x6.62 x3.96 x
Total No. of Applications:7,446 (Approx)

Divine Hire Jewellers IPO - Issue Objectives

  1. Prepayment or repayment of all or a portion of certain loans availed by the company
  2. Funding of working capital requirements of the Company
  3. General corporate purposes
Company Contact Details

Divine Hire Jewellers

74/A, 1st Floor, Office No.2, Opp. Hotel Bhagat Tarachand, Zaveri Bazar, Mumbai 400002

Phone: +91 222 240 2662

Email: info@divinehirajewellers.com

Website: http://www.divinehirajewellers.com/

Registrar Contact Details

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Email: ipo@bigshareonline.com

Website: https://ipo.bigshareonline.com/ipo_status.html