Divine Hira Jewellers IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Mar 17 to Mar 19 2025
Price Band
₹90
Current GMP
₹90(0.00%)
Subscription
3.93 times
IPO Details
| IPO Date | March 17, 2025 to March 19, 2025 |
| Listing Date | March 24, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹90 per share |
| Lot Size | 1,600 Shares |
| 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) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 95,09,500 shares |
| Share Holding Post Issue | 1,30,47,100 shares |
| Market Maker Portion | 1,77,600 sharesGiriraj Stock Broking Private Limited |
IPO Date
March 17, 2025 to March 19, 2025
Listing Date
March 24, 2025
Face Value
₹10 per share
Issue Price
₹90 per share
Lot Size
1,600 Shares
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)
Issue Type
Fixed Price Issue IPO
Listing At
NSE SME
Share Holding Pre Issue
95,09,500 shares
Share Holding Post Issue
1,30,47,100 shares
Market Maker Portion
1,77,600 sharesGiriraj Stock Broking Private Limited
IPO Subscription Details
| Market Maker | 1 |
| Non-Institutional Buyers*** | 1.2 |
| Retail Investors | 6.62 |
| Total ** | 3.93 |
Market Maker
1
Non-Institutional Buyers***
1.2
Retail Investors
6.62
Total **
3.93
Day Wise Sub
| Day | NII* | Retail | Total |
|---|---|---|---|
| Day 1 Mar 17, 2025 | 0.19 | 1.19 | 0.69 |
| Day 2 Mar 18, 2025 | 0.49 | 3.27 | 1.88 |
| Day 3 Mar 19, 2025 | 1.2 | 6.62 | 3.93 |
DayDay 1
Mar 17, 2025
NII*0.19
Retail1.19
Total0.69
DayDay 2
Mar 18, 2025
NII*0.49
Retail3.27
Total1.88
DayDay 3
Mar 19, 2025
NII*1.2
Retail6.62
Total3.93
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 24-03-2025 | 90.00 | 3(3.33%) | 93 |
| 23-03-2025 | 90.00 | 3(3.33%) | 93 |
| 22-03-2025 | 90.00 | 3(3.33%) | 93 |
| 21-03-2025 | 90.00 | 7(7.78%) | 97 |
| 20-03-2025 | 90.00 | 7(7.78%) | 97 |
| 19-03-2025 | 90.00 | 7(7.78%) | 97 |
| 18-03-2025 | 90.00 | 15(16.67%) | 105 |
| 17-03-2025 | 90.00 | 32(35.56%) | 122 |
| 16-03-2025 | 90.00 | 0(0.00%) | 90 |
| 15-03-2025 | 90.00 | 0(0.00%) | 90 |
| 14-03-2025 | 90.00 | 0(0.00%) | 90 |
| 13-03-2025 | 90.00 | 0(0.00%) | 90 |
| 12-03-2025 | 90.00 | 0(0.00%) | 90 |
| 11-03-2025 | 90.00 | 0(0.00%) | 90 |
| 10-03-2025 | 90.00 | 0(%) | (%) |
Date24-03-2025
Price90.00
GMP3(3.33%)
Estimate List Price93
Date23-03-2025
Price90.00
GMP3(3.33%)
Estimate List Price93
Date22-03-2025
Price90.00
GMP3(3.33%)
Estimate List Price93
Date21-03-2025
Price90.00
GMP7(7.78%)
Estimate List Price97
Date20-03-2025
Price90.00
GMP7(7.78%)
Estimate List Price97
Date19-03-2025
Price90.00
GMP7(7.78%)
Estimate List Price97
Date18-03-2025
Price90.00
GMP15(16.67%)
Estimate List Price105
Date17-03-2025
Price90.00
GMP32(35.56%)
Estimate List Price122
Date16-03-2025
Price90.00
GMP0(0.00%)
Estimate List Price90
Date15-03-2025
Price90.00
GMP0(0.00%)
Estimate List Price90
Date14-03-2025
Price90.00
GMP0(0.00%)
Estimate List Price90
Date13-03-2025
Price90.00
GMP0(0.00%)
Estimate List Price90
Date12-03-2025
Price90.00
GMP0(0.00%)
Estimate List Price90
Date11-03-2025
Price90.00
GMP0(0.00%)
Estimate List Price90
Date10-03-2025
Price90.00
GMP0(%)
Estimate List Price(%)
IPO Important Dates
| IPO Open Date | Mon, Mar 17, 2025 |
| IPO Close Date | Wed, Mar 19, 2025 |
| Tentative Allotment | Thu, Mar 20, 2025 |
| Initiation of Refunds | Fri, Mar 21, 2025 |
| Credit of Shares to Demat | Fri, Mar 21, 2025 |
| Tentative Listing Date | Mon, Mar 24, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 19, 2025 |
IPO Open Date
Mon, Mar 17, 2025
IPO Close Date
Wed, Mar 19, 2025
Tentative Allotment
Thu, Mar 20, 2025
Initiation of Refunds
Fri, Mar 21, 2025
Credit of Shares to Demat
Fri, Mar 21, 2025
Tentative Listing Date
Mon, Mar 24, 2025
Cut-off time for UPI mandate confirmation
5 PM on March 19, 2025
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹1,44,000 |
| Retail (Max) | 1 | 1600 | ₹1,44,000 |
| HNI (Min) | 2 | 3,200 | ₹2,88,000 |
ApplicationRetail (Min)
Lots1
Shares1600
Amount₹1,44,000
ApplicationRetail (Max)
Lots1
Shares1600
Amount₹1,44,000
ApplicationHNI (Min)
Lots2
Shares3,200
Amount₹2,88,000
Financial Information
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 28.54 | 28.97 | 23.26 |
| Revenue | 136.03 | 183.41 | 246.45 |
| Profit After Tax | 2.5 | 1.48 | 0.91 |
| Net Worth | 12.3 | 9.8 | 8.32 |
| Reserves and Surplus | 9.51 | 7.32 | 7.32 |
| Total Borrowing | 12.93 | 18.61 | 14.05 |
Period EndedPeriod Ended
30 Sep 202430 Sep 2024
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
30 Sep 202428.54
31 Mar 202428.97
31 Mar 202323.26
Period EndedRevenue
30 Sep 2024136.03
31 Mar 2024183.41
31 Mar 2023246.45
Period EndedProfit After Tax
30 Sep 20242.5
31 Mar 20241.48
31 Mar 20230.91
Period EndedNet Worth
30 Sep 202412.3
31 Mar 20249.8
31 Mar 20238.32
Period EndedReserves and Surplus
30 Sep 20249.51
31 Mar 20247.32
31 Mar 20237.32
Period EndedTotal Borrowing
30 Sep 202412.93
31 Mar 202418.61
31 Mar 202314.05
IPO Reservation
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 1,77,600 (5.02%) |
| Other Shares Offered | 16,80,000 (47.49%) |
| Retail Shares Offered | 16,80,000 (47.49%) |
| Total Shares Offered | 35,37,601 (100%) |
Anchor Investor Shares Offered
-
Market Maker Shares Offered
1,77,600 (5.02%)
Other Shares Offered
16,80,000 (47.49%)
Retail Shares Offered
16,80,000 (47.49%)
Total Shares Offered
35,37,601 (100%)
Information about company
Incorporated in July 2022 Divine Hira Jewellers Limited specializes in designing and marketing premium 22 Karat gold jewelry.
The company caters to wholesalers, showrooms, and retailers with a diverse range of gold jewelry that combines traditional artistry with modern elegance.
Their collection comprises various designs crafted to meet diverse preferences. Products include necklaces, mangalsutras, chains, malas, rings, pendants, bracelets, bangles, kadas, coins, and wedding jewelry. They emphasize localized design, ensuring creations resonate with regional tastes.
The company is a wholesaler of gold jewellery, silver articles, bullions, and coins in Mumbai, Maharashtra.
As of October 31, 2024, the company had nine employees in various departments.
Competitive Strength:
Established Brand Presence attracts both wholesalers and retailers.
Portfolio of 22 Karat gold jewelry: necklaces, bangles, chains, rings, pendants, and wedding collections.
Artisans and in-house designers create unique, regional designs, giving Divine Hira Jewellers a competitive edge.
For consistent sales, the company maintains strong ties with wholesalers, retailers, and showrooms.
Objectives of IPO
The Company Divine Hire Jewellers IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
S.No.
Objects of the Issue
Expected Amount (in Millions)
1
Prepayment or repayment of all or a portion of certain loans availed by the company
30
2
Funding of working capital requirements of the Company
190
3
General corporate purposes
61.91
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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