Divine Hira Jewellers Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 1,680,000 (47%) | — | ₹1,512 Cr |
| Retail | — | 1,680,000 (47%) | — | ₹1,512 Cr |
| Market Maker | — | 177,600 (5%) | — | ₹16 Cr |
| Σ Total | — | 3,537,600 (100%) | — | ₹31,838 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹144,000 |
| Retail (Max) | 13 | 20,800 | ₹1,872,000 |
| S-HNI (Min) | 14 | 22,400 | ₹2,016,000 |
| B-HNI (Min) | 67 | 107,200 | ₹9,648,000 |
Financial Statements Amount in ₹ Crore
| Metric | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 136 | 183 | 246 |
| Profit After Tax | 3 | 1 | 1 |
| Net Worth | 12 | 10 | 8 |
| Total Assets | 29 | 29 | 23 |
| Reserves & Surplus | 10 | 7 | 7 |
| Total Borrowing | 13 | 19 | 14 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Prepayment or repayment of all or a portion of certain loans availed by the company – 3.00
- Funding of working capital requirements of the Company – 19.00
- General corporate purposes – 6.19
Company Overview
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.