Divine Hira Jewellers IPO:
Divine Hira Jewellers is set to launch its IPO with a fixed price issue of ₹31.84 crores, offering 35.38 lakh fresh shares. The subscription period runs from March 17 to March 19, 2025, with allotment scheduled for March 20, 2025. The company’s shares are expected to debut on the NSE SME platform on March 24, 2025.
Divine Hira Jewellers Limited, a rapidly growing jewelry company in India, is set to launch its Initial Public Offering (IPO) to raise funds for business expansion, working capital needs, and debt repayment. The company is a prominent player in the wholesale gold jewelry market, catering to retailers and showrooms with a diverse range of traditional and modern designs. This article provides an in-depth analysis of Divine Hira Jewellers’ IPO, financial performance, capital structure, and future growth potential.
Divine Hira Jewellers Limited – IPO Details
The IPO details for Divine Hira Jewellers Limited are as follows:
| IPO Details | Information |
|---|---|
| IPO Start Date | 17 March 2025 |
| Closing Date | 19 March 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹90 per share |
| Lot Size | 1,600 shares |
| Total Issue Size | 35,37,600 shares (₹31.84 Cr) |
| Fresh Issue | 35,37,600 shares (₹31.84 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Pre-Issue Shareholding | 95,09,500 shares |
| Post-Issue Shareholding | 1,30,47,100 shares |
| Market Maker Portion | 1,77,600 shares (Giriraj Stock Broking Pvt Ltd) |
Divine Hira Jewellers IPO – Important Dates
Investors need to keep track of the following important dates related to the IPO:
| Event | Date |
|---|---|
| IPO Open Date | 17 March 2025 |
| IPO Close Date | 19 March 2025 |
| Expected Allotment Date | 20 March 2025 |
| Initiation of Refunds | 21 March 2025 |
| Credit of Shares to Demat | 21 March 2025 |
| Expected Listing Date | 24 March 2025 |
| UPI Mandate End Time | 19 March 2025, 5 PM |
Lot Size & Investment Details
This table outlines the minimum and maximum investment requirements for retail investors and high-net-worth individuals (HNIs):
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail Investor (Minimum) | 1 | 1,600 | 1,44,000 |
| Retail Investor (Maximum) | 1 | 1,600 | 1,44,000 |
| High Net-Worth Individual (Minimum) | 2 | 3,200 | 2,88,000 |
Divine Hira Jewellers IPO Reservation – Share Allocation
The share distribution for different investor categories in Divine Hira Jewellers IPO is outlined below:
| Investor Category | Shares Offered |
|---|---|
| Retail Investors | 50% of the Net Issue |
| High Net-Worth Individuals & Others | 50% of the Net Issue |
Divine Hira Jewellers Limited: A Rising Name in Gold Jewellery Wholesale
Incorporated in July 2022, Divine Hira Jewellers Limited is engaged in the design and marketing of premium 22-karat gold jewelry. The company primarily operates in Mumbai, catering to wholesalers, showrooms, and retailers.
Its collection includes:
- Necklaces, bangles, mangalsutras, rings, pendants, bracelets, kadas, chains, coins, and wedding jewelry
- Custom-made regional designs catering to diverse customer preferences
Divine Hira Jewellers employs artisans and in-house designers, ensuring high-quality craftsmanship and unique designs.
As of October 31, 2024, the company operates with a small yet efficient workforce of nine employees.
Divine Hira Jewellers Limited Financial Performance Revenue and Profitability Growth
The company’s financial growth over the years is as follows:
- Net Profit
- FY 2024: ₹148.17 lakh
- FY 2023: ₹76.84 lakh
- FY 2022: ₹28.91 lakh
- Earnings Per Share (EPS)
- FY 2024: ₹1.56
- FY 2023: ₹0.96
- FY 2022: ₹0.96
Divine Hira Jewellers Financials (in Lakhs)
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 2,854 | 2,897 | 2,326 | 1,978 |
| Revenue | 13,603 | 18,341 | 24,645 | 14,240 |
| Profit After Tax | 250 | 148 | 91 | 28 |
| Net Worth | 1,230 | 980 | 832 | 300 |
| Reserves & Surplus | 951 | 732 | 732 | 732 |
| Total Borrowing | 1,293 | 1,861 | 1,405 | 654 |
Balance Sheet Highlights
- Total Assets: ₹2,897.18 lakh (FY 2024)
- Shareholders’ Funds: ₹980.01 lakh in FY 2024
- Borrowings: ₹1,860.52 lakh in short-term loans
Cash Flow Analysis
- Operating Cash Flow: (-₹209.32 lakh) in FY 2024 (due to higher inventory and receivables)
- Investing Cash Flow: ₹12.57 lakh (controlled capital expenditure)
- Financing Cash Flow: ₹318.37 lakh (boosted by borrowings)
Capital Structure & Promoter Holding
Capital Structure
- Authorized Share Capital: ₹1,500 lakh (1.5 crore equity shares of ₹10 each)
- Pre-IPO Paid-Up Share Capital: ₹950.95 lakh
- IPO Issue Size: 35.4 lakh equity shares
Promoter Holding
The key promoters of Divine Hira Jewellers Limited are:
- Hirachand Pukhraj Gulecha
- Niraj Hirachand Gulecha
- Khushbu Niraj Gulecha
- Hirachand P Gulecha (HUF)
Pre-IPO Promoter Holding: 99.74%
Objectives of the IPO
The company plans to utilize the net proceeds from the IPO as follows:
| Purpose | Amount (₹ in Lakh) |
|---|---|
| Repayment of Certain Loans | 300 |
| Working Capital Requirements | 1,900 |
| General Corporate Purposes | Remaining funds |
Future Growth Prospects
- Expansion into direct gold imports to reduce costs and improve profit margins
- Strong market presence and growing customer base
- Established relationships with artisans and jewelers
Investment Considerations
Strengths
✔ Strong brand recognition
✔ Growing profitability and revenue
✔ Expansion plans for direct gold imports
Risks
⚠ Fluctuations in gold prices
⚠ High working capital requirements
⚠ Competitive market with established players
Divine Hira Jewellers IPO Contact Information
Company Contact Details
- Address: 74/A, 1st Floor, Office No.2, Opp. Hotel Bhagat Tarachand, Zaveri Bazar, Mumbai – 400002
- Phone: +91 222 240 2662
- Email: info@divinehirajewellers.com
- Website: www.divinehirajewellers.com
Divine Hira Jewellers IPO Registrar Details
- Registrar: Bigshare Services Pvt Ltd
- Phone: +91-22-6263 8200
- Email: ipo@bigshareonline.com
- Website: https://www.bigshareonline.com/ipo_Allotment.html
Check More Details About Divine Hira Jewellers IPO
Disclaimer:
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