Divine Hira Jewellers Ltd specializes in designing and marketing gold jewelry, offering a range of products including machine-made, handmade, and plain gold jewelry, silver articles, bullion, and coins. Their product line features mangalsutras, chains, necklaces, malas, pendants, rings, bracelets, kadas, bangles, and other wedding jewelry.

The company sources gold from bullion dealers and importers, selling to wholesalers, showrooms, and retailers who purchase in bulk. While it lacks its own manufacturing facility, all design work is conducted in-house or outsourced to third parties on a job-work basis. The jewelry is hallmarked at BIS-recognized Hallmarking Centers.

The IPO for Divine Hira Jewellers is set to open on March 17, 2025, and will close on March 19, 2025. The price band for the IPO is ₹90 per share, with a retail quota of 50%, no allocation for QIBs, and a 50% quota for HNIs. The shares are scheduled to list on the NSE on March 24, 2025. The allotment date for the IPO is March 20, 2025.

In terms of financial performance, the company reported revenue of ₹183.41 crores in 2024, down from ₹246.45 crores in 2023. However, its profit increased to ₹1.48 crores in 2024, compared to ₹0.91 crores in the previous year.

Divine Hira Jewellers IPO Details

IPO Open Date:	March 17, 2025
IPO Close Date:	March 19, 2025
Face Value:	₹10 Per Equity Share
IPO Price Band:	₹90 Per Share
Issue Size:	Approx ₹31.84 Crores
Fresh Issue:	Approx ₹31.84 Crores
IPO Listing:	NSE SME
Retail Quota:	Not more than 50%
NII Quota:	Not more than 50%

Divine Hira Jewellers IPO Timeline

IPO Open Date:	March 17, 2025
IPO Close Date:	March 19, 2025
Basis of Allotment:	March 20, 2025
Refunds:	March 21, 2025
Credit to Demat Account:	March 21, 2025
IPO Listing Date:	March 24, 2025

Divine Hira Jewellers SME IPO Lots

SME IPO Activity	Date
Issue Price	₹90.00
Market Lot:	1,600 Shares
1 Lot Amount:	₹1,44,000
Min HNI Lots:	3200 shares (2 lots) – ₹2,88,000

Divine Hira Jewellers Limited: Financial Overview & Key Insights

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

Know more about this

Divine Hira Jewellers IPO: Date, Price, GMP & Allotment Details