Divine Hira Jewellers

Divine Hira Jewellers Limited - IPO

SME

Divine Hira Jewellers IPO Details

Open Date
17 Mar 2025
Close Date
19 Mar 2025
Listing Date
24 Mar 2025
Issue Price
₹90 - ₹90
Face Value
₹10 per share
Lot Size
1600
GMP
₹7 (7.8%)
Issue Type
IPO
Listing On
NSE
Type
Fixed Price Issue
Share holding pre issue
9509500
Share holding post issue
13047100
Total Issue Size
35,37,600 shares (aggregating up to ₹31.84 Cr)
Fresh Issue
35,37,600 shares (aggregating up to ₹31.84 Cr)
Offer for Sale
-

Divine Hira Jewellers IPO Subscription

Divine Hira Jewellers IPO Application Wise Breakup

Divine Hira Jewellers IPO Dates

  • 17 Mar 2025
    Opening dateOPD
  • 19 Mar 2025
    Closing dateCOD
  • 20 Mar 2025
    Basis of AllotmentBOA
  • 21 Mar 2025
    Initiation of RefundsIOR
  • 21 Mar 2025
    Credit of SharesCOS
  • 24 Mar 2025
    Listing dateLID

Divine Hira Jewellers IPO Lot Size

ApplicationLotsSharesAmount
Retain Minimum11600₹144,000
Retain Maximum11600₹144,000
HNI Minimum23200₹288,000

Divine Hira Jewellers IPO Reservation

Promoter Holding

Pre Issue:99.74%
Post Issue:72.70%
Promoter Names:
Hirachand Pukhraj Gulecha, Niraj Hirachand Gulecha, Khushbu Niraj Gulecha, And Hirachand P Gulecha (Huf)

Divine Hira Jewellers IPO Valuations

ROE:16.36%
ROCE:13.54%
DEBT/EQUITY:1.90
RONW:16.36%
PAT MARGIN:0.81

Divine Hira Jewellers Limited Financial Information

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets28.5428.9723.2619.78
Revenue136.03183.41246.45142.4
Profit After Tax2.51.480.910.28
Net Worth12.39.88.323
Reserves and Surplus9.517.327.32
Total Borrowing12.9318.6114.0516.54
Amount in ₹ Crore

About Divine Hira Jewellers IPO

Divine Hira Jewellers Limited, is engaged in the business of designing and marketing of gold jewelleries. We mainly deal in 22 Karat gold jewellery, offering a wide variety of designs to suit preferences of the end customer. We have the ability to create localised product design mixes to suit various regional tastes. We cater to our customers’ unique preferences, through our understanding of the local and regional market. We provide an extensive range of designs. We are engaged in wholesale of gold jewellery, silver articles, bullions and coins at Mumbai, Maharashtra. Recently we have also curating and offering exquisite antique gold jewelry that transcends time, bringing the charm of historical artistry into the modern era. Currently, we cater to a large number of wholesalers, showrooms and retailers who buy our products in bulk quantities.

We procure the required gold from bullion dealers and importers. Recently we are in the process to start importing gold directly. We do not have our own manufacturing facility and we outsource the work of making jewellery and ornaments to various artisans with whom we have developed relationships. We offer a large variety of handcrafted jewellery, which are designed by our in-house designers in close collaboration with skilled local craftsman located across the country. Due to our diversity of clients and the varied regions each of our clients cater to, we have developed an ability to design our jewellery products as per latest trends, fashion and demographic preference of the end customers. We offer a wide range of products from gold jewellery for special occasions such as weddings and festivals to daily wear jewellery for all ages, genders and across various price points. We cater to a variety of customers across mid-market and value market segments and our products are designed by our in-house team of creative designers and also certain freelance designers, allowing us to manage a large and diverse portfolio of designs.

We primarily sell gold jewelry and our product range includes machine made, handmade & plain gold jewelry like necklace, mangalsutra, chains, malas, rings, pendants, bracelets, bangles, kada, coins and other wedding jewelleries. The designing and job work of our products is done either in house or by third parties on job work basis. Our primary focus has been on purity and commitment.

Strength Of Divine Hira Jewellers IPO

1. Experienced management and well trained and trustworthy employee base.

2. Wide Range of Products.

3. Quality Control.

4. Strong understanding of customer preference.

5. Hallmarking and Unique Identification.

6. Experienced Job Workers and Vendor Network.

7. Design Innovation for Customers.

8. Customer Satisfaction.

Risk Of Divine Hira Jewellers IPO

1. Substantial portion of its revenues are dependent on few customers and the loss of, or a significant reduction in purchases by any one or more such customers could adversely affect its financial performance.

2. The company dependence on few suppliers puts its at risk of interruptions in the availability of raw materials, which could adversely affect the company business, financial condition and results of operations. Further, the company has not entered into any long-term agreements with its suppliers for raw materials and accordingly may not be able to enjoy credit and other facilities provided by its existing suppliers.

3. Its may be unable to obtain, renew or maintain statutory and regulatory permits, licenses and approvals required to operate its business which could result in an adverse effect on the company results of operations. Its require certain statutory and regulatory permits, licenses and approvals for the company business.

4. The non-availability or high cost of quality gold bullion and coloured stones may have an adverse effect on its business, results of operations and financial condition.

5. Its income and sales are subject to seasonal fluctuations and lower income in a peak season may have a disproportionate effect on its results of operations.

6. The company does not register its jewellery design under the Designs Act, 2000 and the company may suffer a loss of income if its designs are duplicated by the company competitors. Moreover, its susceptible to litigation arising out of infringement of copyright of designs.

7. The company generally do business with its customers on purchase order basis and does not enter into long term contracts with them. The company inability to maintain relationships with its customers could have an adverse effect on the company business, prospects, results of operations and financial condition.

8. The company dependency on job worker or Karigars for the performance of its operation may adversely affect the company business.

9. Any fluctuation and variation in price and supply of gold, which is a major raw material for the manufacture of its products, could adversely impact its income.

10. The company faces significant competition. Any failures to compete effectively may have a material adverse effect on its business and operations.

Objectives Divine Hira Jewellers IPO

  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 Hira Jewellers Limited
74/A, 1st Floor, Office No.2,
Opp. Hotel Bhagat Tarachand,
Zaveri Bazar, Mumbai- 400 002,
Maharashtra, India.
Phone: +91 222 240 2662
E-mail: info@divinehirajewellers.com
Website: www.divinehirajewellers.com

Registrar Contact Details

Name: Bigshare Services Pvt Ltd
Phone: +91-22-62638200

Lead Mangers

  1. Horizon Management Private Limited

Market Maker

  1. Giriraj Stock Broking

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