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Divine Hira Jewellers IPO
Price Band
₹
Issue Size
₹31.84 Cr
Lot Size
1,600 shares
Min Investment
₹144,000
GMP
+₹3.0 (3.33%)
Issue Price
₹90.0
Subject to Sauda
₹3600
Paid only if allotted
Divine Hira Jewellers IPO AI Summary
- Divine Hira Jewellers IPO is listed on NSE SME.
- Subscription window: 17 Mar–19 Mar 2025, listing on 24 Mar 2025.
- Current GMP is +₹3.0 (3.33%) — unofficial and can change daily.
Divine Hira Jewellers Limited is poised to enter the market with a focus on premium 22 Karat gold jewelry. The company has shown growth in total income and profit over the past years, although recent figures indicate some fluctuations. The IPO aims to raise ₹31.84 Cr for various corporate needs, and investors should consider the associated risks and market conditions.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Divine Hira Jewellers IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 19 Mar 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Divine Hira Jewellers IPO Grey Market Premium (GMP) Today
GMP
+₹3.0
GMP %
+3.33%
Est. Listing
₹93.0
Updated: 25 Jul 2026 14:30
About the Company
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.
Company Financials (₹ Cr)
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 28.54 | 28.97 | 23.26 | 19.78 |
| Total Income | 136.03 | 183.41 | 246.45 | 142.40 |
| Profit After Tax | 2.50 | 1.48 | 0.91 | 0.28 |
| NET Worth | 12.30 | 9.80 | 8.32 | 3.00 |
| Reserves and Surplus | 9.51 | 7.32 | 7.32 | |
| Total Borrowing | 12.93 | 18.61 | 14.05 | 16.54 |
Key Ratios
NAV
₹10.31
ROE
16.36%
ROCE
13.54%
RoNW
16.36%
PAT Margin
0.81%
Debt/Equity
1.90
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Sky Gold Ltd | 184.42 | 23.66% | 99.09 | 35.18 | 35.03 |
| Divine Hire Jewellers Limited This IPO | 10.31 | 16.36% | 57.69 | 1.56 | 1.56 |
Promoters
Hirachand Pukhraj Gulecha, Niraj Hirachand Gulecha, Khushbu Niraj Gulecha and Hirachand P Gulecha (HUF)
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Prepayment or repayment of all or a portion of certain loans availed by the company 3.00 2 Funding of Working Capital Requirement of the company 19.00 3 General Corporate Purposes 6.19 4 Issue expenses 3.65 Total 31.84
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹142.40 Cr in the year ending 31 Mar 2022, increasing to ₹246.45 Cr by 31 Mar 2023. However, it declined to ₹183.41 Cr in the year ending 31 Mar 2024, and further decreased to ₹136.03 Cr by 30 Sep 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax was ₹0.28 Cr in the year ending 31 Mar 2022, rising to ₹0.91 Cr by 31 Mar 2023. It then increased to ₹1.48 Cr in the year ending 31 Mar 2024, and further rose to ₹2.50 Cr by 30 Sep 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
At the issue price of ₹90.0, Divine Hira Jewellers has an implied P/E of 57.69 based on its earnings per share of ₹1.56. This is compared to peers like Sky Gold Ltd, which has a P/E of 99.09.
Grey Market Premium, Explained
The Grey Market Premium (GMP) refers to the unofficial trading of shares before they are listed on the stock exchange. A positive GMP indicates that the shares are expected to list at a higher price than the issue price, while a negative GMP suggests the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's essential to consider the company's financial health and market position.
Who May Want to Wait
Investors with a low-risk appetite or those seeking immediate returns may want to avoid IPOs like this, as they can be subject to market fluctuations and may not provide quick gains.
IPO Timeline, Explained
The IPO opens for subscription on March 17, 2025, and closes on March 19, 2025. Allotment of shares will be done on March 20, 2025, and the shares are expected to be listed on March 24, 2025.
Listing Gains — The Risk
Listing-day gains can be unpredictable and are influenced by various factors, including market sentiment and demand for the stock. Investors should be prepared for the possibility of price volatility on the listing day.
This evaluation is generated from Divine Hira Jewellers's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Divine Hira Jewellers IPO GMP today?
Divine Hira Jewellers IPO GMP today is +₹3.0 (3.33%). GMP is an unofficial grey-market indicator and can change daily.
When does Divine Hira Jewellers IPO open and close?
Divine Hira Jewellers IPO opens on 17 March 2025 and closes on 19 March 2025.
When does Divine Hira Jewellers IPO list on the stock exchange?
Divine Hira Jewellers IPO listed on 24 March 2025 at ₹93.0.
What is the lot size for Divine Hira Jewellers IPO?
The lot size for Divine Hira Jewellers IPO is 1600 shares, requiring a minimum investment of ₹144,000.
What is the issue price of Divine Hira Jewellers IPO?
The issue price is ₹90.0.
What is the minimum investment required?
The minimum investment required is ₹144,000, which is for a lot size of 1600 shares.
When is the listing date for the IPO?
The listing date is expected to be March 24, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium or discount of the stock on its listing day compared to the issue price.
What are the objects of issue for the IPO?
The company plans to use the proceeds for loan repayment, working capital, general corporate purposes, and issue expenses.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
17 Mar 2025
Close
19 Mar 2025
Allotment
20 Mar 2025
Listing
24 Mar 2025
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