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 |
