Divine Hira Jewellers IPO listing: Divine Hira Jewellers made its debut on the NSE SME platform today, March 24, 2025, with shares listing at ₹90 apiece, matching the IPO issue price. However, shortly after listing, the stock declined and hit the 5% lower price band of ₹85.50 as of 10:15 AM.
| Listing Date | 24 March 2025 |
| Issue Price | ₹90 |
| Listing Price | ₹90 |
| Listing Gains | 0 % |
Divine Hira Jewellers IPO details
Issue Type: Fixed Price Issue
Total Issue Size: ₹31.84 crore
Fresh Issue: 35.38 lakh equity shares (no Offer-for-Sale component)
Face Value: ₹10 per share
Issue Price: ₹90 per share (including a premium of ₹80 per share)
Lot Size: Minimum 1,600 shares (₹1,44,000 for retail investors; ₹2,88,000 for HNIs with 2 lots or 3,200 shares)
Key Dates
Listing Date: March 24, 2025 (listed on NSE SME platform – NSE Emerge)
Subscription Period: March 17, 2025 – March 19, 2025
Allotment Finalization: March 20, 2025
Shares Credited to Demat: March 21, 2025
Refund Initiation: March 21, 2025
Divine Hira Jewellers IPO Overall Subscription
Overall Subscription: 3.93 times
Retail Individual Investors (RII): 6.62 times
Non-Institutional Buyers (NII): 1.27 times
Qualified Institutional Buyers (QIB): Not specified (likely no allocation or minimal participation)
Total Shares Offered: 33.60 lakh (net issue after market maker reservation of 1.77 lakh shares)
Company Financial Report
Divine Hira Jewellers reported a revenue of ₹183.41 crores in 2024, compared to ₹246.45 crores in 2023, while its profit increased to ₹1.48 crores in 2024 from ₹0.91 crores in 2023. (Amount ₹ in Crores)
| Period Ended | Sep 2024 | Mar 2024 | Mar 2023 | 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 |
About Divine Hira Jewellers Company
Incorporation: July 2022 (though the founder’s journey in the jewelry business began in 1984 with a proprietorship firm, Hira Traders)
Operations: Based in Zaveri Bazar, Mumbai, a prominent hub for bullion and jewelry trading
Business Model: Wholesale supplier of 22-karat gold jewelry, silver articles, bullion, and coins; no in-house manufacturing (outsourced to skilled artisans)
Product Range: Includes necklaces, mangalsutras, chains, rings, pendants, bracelets, bangles, kadas, coins, and wedding jewelry, with a focus on regional designs
Promoters: Hirachand Pukhraj Gulecha, Niraj Hirachand Gulecha, Khushbu Niraj Gulecha, and Hirachand P Gulecha (HUF)
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors are requested to verify facts themselves and seek advice from a financial advisor before making any investment decision.
