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Divine Hira Jewellers IPO

₹1,44,000/1600 shares

Minimum Investment

IPO Details

Open Date

17 Mar 25

Close Date

19 Mar 25

Minimum Investment

₹1,44,000

Lot Size

1600

Price Range

₹90 to ₹90

Listing Exchange

NSE

Issue Size

₹31.84 Cr

Listing Date

24 Mar 25

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Divine Hira Jewellers IPO Timeline

Bidding Start

17 Mar 25

Bidding Ends

19 Mar 25

Allotment Finalisation

20 Mar 25

Refund Initiation

21 Mar 25

Demat Transfer

21 Mar 25

Listing

24 Mar 25

Divine Hira Jewellers Limited

Divine Hira Jewellers Limited specializes in designing and marketing gold jewellery, primarily dealing in 22 Karat gold pieces. The company offers a diverse range of designs, catering to regional tastes and customer preferences. Engaged in wholesale operations, it provides gold jewellery, silver articles, bullions, and coins from Mumbai, Maharashtra. The company collaborates with skilled artisans for jewellery manufacturing, ensuring high-quality craftsmanship. Established by HirachandGulecha, the business evolved from “Hira Traders” into a public limited company in 2022. With a focus on innovation and customer satisfaction, it continues to expand its market presence.

SWOT Analysis of Divine Hira Jewellers IPO

Strength and Opportunities

  • Wide experience of promoters.
  • Reputation and trust in the market.
  • Understanding of customer preferences.
  • Innovative designs.
  • Quality products at competitive prices.
  • Increasing customer base.
  • Export opportunities.
  • Growing market for customized jewellery and designs

Risks and Threats

  • Limited geographical area of operations.
  • Tough competition limits market share.
  • No owned manufacturing facilities.
  • Competition from organized and unorganized sectors.
  • Fluctuation in raw material prices.
  • Constant change in consumer preferences.

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About Divine Hira Jewellers Limited IPO

Divine Hira Jewellers Limited IPO Highlights

Divine Hira Jewellers IPO Key Financials (in ₹ lakhs)

Particulars 31 Mar 2024 31 Mar 2023 31 Mar 2022
Assets 2897.18 2325.52 1977.95
Revenue 18,325.61 12,494.58 14,240.17
Profit After Tax 148.17 76.84 28.29
Reserves and Surplus 248.51 100.34 –
Total Borrowings 1860.52 1404.59 1653.82

Divine Hira Jewellers IPO Strengths

  • Experienced management, with promoters having over 30 years of expertise, supported by a well-trained and trustworthy team.
  • The company offers a wide range of jewellery, including traditional, Indo-western, and modern designs, catering to diverse customer preferences.
  • Stringent quality control measures ensure jewellery purity, with BIS hallmarking and two-stage quality checks.
  • A strong understanding of customer preferences allows the company to offer designs that align with market trends.
  • Each jewellery piece is hallmarked with a unique HU ID, ensuring authenticity and traceability.
  • The company collaborates with experienced job workers and vendors, maintaining high-quality craftsmanship.

Divine Hira Jewellers Limited IPO Valuation Overview

KPI Value
Earnings Per Share (EPS) 1.56
Price/Earnings (P/E) Ratio TBD
Return on Net Worth (RoNW) 16.36%
Net Asset Value (NAV) 10.31
Return on Equity 16.36%
Return on Capital Employed (ROCE 13.54%
EBITDA Margin 1.81%
PAT Margin 0.81%
Debt to Equity Ratio 1.90

Peer Group Comparison

Name of the Company Face Value (₹) EPS (₹) NAV

(₹)

 P/E Ratio RoNW (%) Revenue (₹ in Lakhs)
Divine Hira Jewellers Limited 10 1.56 10.31 [●] 16.36 18,325.61
Peer Group
SKY Gold Limited 10 35.18 184.42 67.50 23.66 174,548.42

Objectives of the Proceeds

  • Prepayment or repayment of all or a portion of certain loans availed by the company, ₹300 lakhs
  • Funding of working capital requirements of our Company up to, ₹1900 lakhs
  • To meet general corporate expenses

How to apply IPO with HDFC SKY?

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1Login to your HDFC SKY Account

2Select Issue

3Enter Number of Lots and your Price.

4Enter UPI ID

5Complete Transaction on Your UPI App

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