Divine Hire Jewellers Limited IPO

NSE SME

Listed On: Mar 24, 2025 at ₹ 90.0

₹ 144000 /1600 Shares

Check Allotment

Divine Hire Jewellers IPO Details

17 Mar, 2025

Open Date

19 Mar, 2025

Close Date

20 Mar, 2025

Allotment Date

24 Mar, 2025

Listing Date

Issue Price

₹90 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Bigshare Services Pvt Ltd

List Price

90.0

Listing Date

2025-03-24

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

The IPO of Divine Hire Jewellers is priced at ₹90 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on NSE SME. Bigshare Services Pvt Ltd is the registrar of the issue.

Divine Hire Jewellers IPO bid opening date is from Mar 17, 2025 and the bid closing date was Mar 19, 2025.
Divine Hire Jewellers IPO allotment result will be available on Mar 20, 2025. The tentative listing date for Divine Hire Jewellers is Mar 24, 2025.

The total issue size is 35,37,600 shares(aggregating up to ₹31.84 Cr).

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	16,80,000	16,80,000	33,60,000
Day 1 - 17-03-25 06:00 PM	0.19 x	1.19 x	0.69 x
Day 2 - 18-03-25 06:00 PM	0.49 x	3.27 x	1.88 x
Day 3 - 19-03-25 06:00 PM	1.30 x	6.62 x	3.96 x

Total No. of Applications: 7,446 (Approx)

Divine Hire Jewellers Valuations

EPS Pre IPO

₹/-

EPS Post IPO

₹/-

P/E Pre IPO

P/E Post IPO

ROE

16.36%

ROCE

13.54%

Debt/Equity

1.90

RoNW

16.36%

PAT Margin

0.81

Price to Book Value

Divine Hire Jewellers Company Financials All values are in ₹ Cr.

	30-Sep-24	31-Mar-24	31-Mar-23	31-Mar-22
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	3.0
Reserves & Surplus	9.51	7.32	7.32	N/A
Total Borrowing	12.93	18.61	14.05	16.54

About The 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.

Divine Hire Jewellers - Promoter(s)

Pre Issue Share Holding: 99.74%

Post Issue Share Holding: 72.70%

Company Promoter(s)

Hirachand Pukhraj Gulecha
Niraj Hirachand Gulecha
Khushbu Niraj Gulecha
Hirachand P Gulecha (HUF)

Divine Hire Jewellers IPO - Issue Objectives

Prepayment or repayment of all or a portion of certain loans availed by the company
Funding of working capital requirements of the Company
General corporate purposes

Other Details

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

Divine Hire Jewellers IPO - FAQs

Ans. Divine Hire Jewellers Limited IPO is a SME IPO. The issue is priced at ₹90 per equity share. The minimum order quantity is 1600 Shares. The IPO opens on Mar 17, 2025, and closes on Mar 19, 2025. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Divine Hire Jewellers Limited IPO opens on Mar 17, 2025 and closes on Mar 19, 2025.

Ans. The size of Divine Hire Jewellers Limited IPO is 35,37,600 shares(aggregating up to ₹31.84 Cr).

Ans. The IPO price band is set between ₹90 per equity share.

Ans. To apply for Divine Hire Jewellers Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Divine Hire Jewellers Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Divine Hire Jewellers Limited IPO is Mar 20, 2025.

Ans. The Divine Hire Jewellers Limited IPO will be listed on Mar 24, 2025.

Ans. Follow the steps to check the allotment status for Divine Hire Jewellers Limited IPO here.