March 13, 2025
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What was the last grey market premium of Divine Hira Jewellers IPO?
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Subscription status of Divine Hira Jewellers IPO
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Paradeep Parivahan IPO Price Rs. 90 Lot 1600 shares, Rs. Crore |
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| QIB | NII x | RII x | Total x | Applications |
| Amount wise bids recd. Rs. ? Crore | ||||
| Note: | ||||
Divine Hira Jewellers Link: Big Share Online
What is the business of Divine Hira Jewellers?
Divine Hira Jewellers Limited, is engaged in the business of designing and marketing of gold jewelleries. It mainly deals in 22 Karat gold jewellery, offering a wide variety of designs to suit preferences of the end customer.
It has the ability to create localised product design mixes to suit various regional tastes. It caters to its customers’ unique preferences, through the understanding of the local and regional market. It provides an extensive range of designs. The company is engaged in wholesale of gold jewellery, silver articles, bullions and coins at Mumbai, Maharashtra. Recently it has also curated and offering exquisite antique gold jewelry that transcends time, bringing the charm of historical artistry into the modern era. Currently, it caters to a large number of wholesalers, showrooms and retailers who buy its products in bulk quantities.
The company procures the required gold from bullion dealers and importers. Recently it is in the process to start importing gold directly. It does not have its own manufacturing facility and it outsources the work of making jewellery and ornaments to various artisans with whom it has developed relationships.
Get more information about the company @ www.divinehirajewellers.com
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Divine Hira Jewellers IPO Details |
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| IPO opens on | 17 March 2025 |
| IPO closes on | 19 March 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 3537600 Shares / Rs 31.84 Crore |
| * Fresh Issue | 3537600 Shares / Rs 31.84 Crore |
| * Offer for Sale – | – shares / Rs.- crore |
| Market Maker Portion | 177600 Shares |
| Net offer to Public | 3360000 Shares/ Rs 30.24 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 90 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1600 Shares |
| Listing will at | BSE SME |
Shares offered in IPO |
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| Shares | Rs. (Crore) | |
| QIB (0%) | ||
| HNI (50%) | ||
| RII (50%) | ||
| Total Shares | ||
| Retail portion will be oversubscribed by |
1160 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 1600 Shares | Rs.144000 |
| Min HNI Application | 3200 Shares | Rs. 288000 |
Who are the Promoters of Divine Hira Jewellers?
The promoters of the Company are HIRACHAND PUKHRAJ GULECHA, NIRAJ HIRACHAND GULECHA, KHUSHBU NIRAJ GULECHA AND HIRACHAND P GULECHA (HUF)
What are the Objects of Divine Hira Jewellers IPO?
The Company proposes to utilize the Net Proceeds from Issue towards funding the following objects:
- Prepayment or repayment of certain loans availed by our Company;
- Funding of working capital requirements of our Company;
- General Corporate Purposes.
Tentative timetable |
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| IPO opens on | 17 March 2025 |
| IPO Closes on | 19 March 2025 |
| IPO Allotment on | 20 March 2025 |
| Refund Initiation | 21 March 2025 |
| Credit of Shares | 21 March 2025 |
| Listing on | 24 March 2025 |
| Registered Office of the Company 745/A, 1st Floor, Office No.2, Opp. Hotel Bhagat Tarachand, Zaveri Bazar, Mumbai – 400 002, Maharashtra, India |
| Who is the Lead Manager of this IPO? Horizon Management Pvt Ltd |
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Who is the Registrar to IPO? Bigshare Services Pvt Ltd |
Divine Hira Jewellers IPO GMP grey market premium, review, Subscription, allotment, listing estimate
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Divine Hira Jewellers IPO Financial & Analytical Ratios |
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| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 142.40 | 0.28 | 0.96 | – |
| 2022-23 | 121.50 | 0.91 | 0.96 | – |
| 2023-24 | 183.41 | 1.48 | 1.56 | 16.36 |
| Book Value of the Share on 31.03.2024 |
10.31 | |||
| BV of the Share at cap price after IPO |
Rs. | |||
| Offer Price/upper band | Rs. | 90 | ||
Key Performance
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| Price/EPS of 23-24 | 57.69 |
| Price/BV Ratio | 8.73 |
| Debt/Equity Ratio | – |
How Divine Hira Jewellers IPO compares with the Peers?
| As per RHP | FV | Price to | PE |
| Book Value | Ratio | ||
| Divine Hira Jewellers | 57.69 | ||
| Skygold Jewellers | 6750 | ||
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Divine Hira Jewellers IPO Review by Paresh Gordhandas, CA & Research Analyst.
Divine Hira Jewellers Limited, is engaged in the business of designing and marketing of gold jewelleries. It mainly deals in 22 Karat gold jewellery, offering a wide variety of designs to suit preferences of the end customer. It does not have its own manufacturing facility and it outsources the work of making jewellery and ornaments to various artisans with whom it has developed relationships.
The size of the IPO is not small.
The business in which the company operates has tough competition.
The trade receivables and inventory as on 30 September 2024 (Rs. 24.44 crore) appears to be on higher side compared to the total income for the period ended on 30.09.2024.
+ from fundamental angle: So-So
+ from grey market angle: So-So
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