Divine Hira Jewellers IPO: Complete Details and Analysis
Divine Hira Jewellers Limited is set to launch its Initial Public Offering (IPO) in March 2025. This IPO will be a Fixed Price Issue, aiming to raise approximately ₹31.84 crores. Investors looking for opportunities in the jewelry sector may find this IPO appealing. Below is a detailed breakdown of the Divine Hira Jewellers IPO, including its dates, issue price, company financials, and valuation metrics.
Divine Hira Jewellers IPO Details
- IPO Opening Date: March 17, 2025
- IPO Closing Date: March 19, 2025
- Face Value: ₹10 per share
- Issue Price: ₹90 per share
- Total Issue Size: ₹31.84 crores
- Fresh Issue: ₹31.84 crores
- Offer for Sale: Not applicable
- IPO Type: Fixed Price Issue
- Stock Exchange Listing: NSE SME
- Retail Investor Quota: 50%
- Non-Institutional Investor (NII) Quota: 50%
- Qualified Institutional Buyer (QIB) Quota: 0%
Divine Hira Jewellers IPO Market Lot Size
Investors must apply for the IPO in multiples of the market lot size. Below is a breakdown of the lot size and the corresponding investment amounts.
| Application Category | Lot Size | Shares | Investment Amount |
|---|---|---|---|
| Retail – Minimum | 1 | 1,600 | ₹1,44,000 |
| Retail – Maximum | 1 | 1,600 | ₹1,44,000 |
| S-HNI (Small HNI) – Minimum | 2 | 3,200 | ₹2,88,000 |
Divine Hira Jewellers IPO Timeline
| Event | Date |
|---|---|
| IPO Open Date | March 17, 2025 |
| IPO Close Date | March 19, 2025 |
| Basis of Allotment Finalization | March 20, 2025 |
| Refund Initiation | March 21, 2025 |
| Credit of Shares to Demat Account | March 21, 2025 |
| IPO Listing Date on NSE SME | March 24, 2025 |
Promoters of Divine Hira Jewellers IPO
The promoters of the company include:
- Hirachand Pukhraj Gulecha
- Niraj Hirachand Gulecha
- Khushbu Niraj Gulecha
- Hirachand P Gulecha (HUF)
About Divine Hira Jewellers Limited
Founded in 2022, Divine Hira Jewellers Limited specializes in crafting and selling high-quality 22K gold jewelry. The company caters to wholesalers, retail showrooms, and direct consumers, offering a diverse range of products including:
- Necklaces
- Mangalsutras
- Chains & Malas
- Rings & Pendants
- Bracelets & Bangles
- Wedding Jewelry
- Gold Coins & Kadas
Headquartered in Mumbai, Maharashtra, the company has a strong understanding of the regional jewelry market, which aids in building its customer base.
As of October 31, 2024, Divine Hira Jewellers had nine employees across different business functions. The company sources gold from reputed bullion dealers and importers. While it does not have an in-house manufacturing facility, it collaborates with skilled artisans to produce its jewelry collection.
Divine Hira Jewellers Financial Performance
The financial health of a company plays a crucial role in IPO investment decisions. Below is a summary of Divine Hira Jewellers’ financial performance over the past few years.
Revenue & Profit Growth
| Year | Revenue (₹ Crores) | Expenses (₹ Crores) | Profit After Tax (₹ Crores) | Assets (₹ Crores) |
|---|---|---|---|---|
| 2022 | ₹142.40 | ₹142.02 | ₹0.28 | ₹19.78 |
| 2023 | ₹246.45 | ₹245.23 | ₹0.91 | ₹43.13 |
| 2024 | ₹183.41 | ₹181.43 | ₹1.48 | ₹28.97 |
| September 2024 | ₹136.03 | ₹132.69 | ₹2.50 | ₹28.54 |
The company experienced a revenue decline from ₹246.45 crores in 2023 to ₹183.41 crores in 2024, though profits increased from ₹0.91 crores to ₹1.48 crores during the same period.
Divine Hira Jewellers IPO Valuation – FY2024
Investors should consider various financial metrics before investing. Below are some key valuation indicators:
| Financial Metric | Value |
|---|---|
| Return on Equity (ROE) | 16.36% |
| Return on Capital Employed (ROCE) | 13.54% |
| EBITDA Margin | 1.81% |
| Profit After Tax (PAT) Margin | 0.81% |
| Debt-to-Equity Ratio | 1.90 |
| Earnings Per Share (EPS – Basic) | ₹1.56 |
| Price-to-Earnings (P/E) Ratio | 57.69 |
| Return on Net Worth (RoNW) | 16.36% |
| Net Asset Value (NAV) per share | ₹10.31 |
Peer Comparison
To better understand its position in the market, here’s how Divine Hira Jewellers compares to its industry peers:
| Company | EPS | P/E Ratio | RoNW % | NAV | Revenue (₹ Crores) |
|---|---|---|---|---|---|
| Sky Gold Limited | 35.18 | 99.09 | 23.66% | 184.42 | 1,745.48 |
While Divine Hira Jewellers has a lower EPS and RoNW than Sky Gold Limited, it remains an emerging player in the jewelry market.
Objectives of the IPO
The funds raised through the IPO will be used for:
- Repayment of certain loans taken by the company.
- Working capital requirements to support business operations.
- General corporate purposes for expansion and other operational needs.
Divine Hira Jewellers IPO Registrar
The IPO is managed by Bigshare Services Pvt Ltd, responsible for allotment and refunds.
- Registrar Contact:
- Phone: +91-22-6263 8200
- Email: ipo@bigshareonline.com
- Website: Bigshare IPO Status
Lead Manager for the IPO
The IPO is managed by Horizon Financial Pvt Ltd, which is responsible for handling the public offering process.
Company Contact Information
- Address:
Divine Hira Jewellers Limited
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
Frequently Asked Questions (FAQs)
1. When does the Divine Hira Jewellers IPO open?
The IPO opens for subscription on March 17, 2025, and closes on March 19, 2025.
2. What is the price of Divine Hira Jewellers IPO per share?
The price per share is ₹90.
3. What is the minimum investment amount?
Retail investors must apply for 1,600 shares, requiring a minimum investment of ₹1,44,000.
4. When will the IPO be listed?
Divine Hira Jewellers IPO is scheduled for listing on March 24, 2025, on NSE SME.
5. Should I invest in this IPO?
Given the financials and growth potential, investors should consider it for long-term investment.
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