Divine Hira Jewellers IPO subscribed 3.93 times on the last day, a retail quota was subscribed over 6.62 times, NII was subscribed over 1.2 times, and QIB was 0.00 times respectively.
Details About Divine Hira Jewellers IPO
Divine Hira Jewellers got approval from SEBI for an IPO of around ₹31.84 crores. Divine Hira Jewellers IPO is fully a fresh issue of ₹31.84 crores with a face value of Rs 10 each. Further, Divine Hira Jewellers had a set price band set of ₹90 Per Share.
In Divine Hira Jewellers IPO, 1,600 shares were in 1 lot size for retail minimum and maximum category as well. Moreover, 3200 shares were in 2 lot sizes for the S-HNI category.
To invest in Divine Hira Jewellers IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum investment of ₹1,44,000.
- SHNI (S-HNI): Minimum investment of ₹2,88,000.
Divine Hira Jewellers IPO’s Subscription Duration
Divine Hira Jewellers IPO was started on March 17, 2025, and closed on March 19, 2025. The Divine Hira Jewellers IPO’s allotment date was March 20, 2025, and they received a refund on March 21, 2025. In contrast, Divine Hira Jewellers’s listing date is scheduled for March 24, 2025.
Divine Hira Jewellers IPO funds deployment
- The proceeds received from the fresh issue will be utilized to Prepay or repay certain loans availed by the company.
- The funds will used to handle the working capital requirements of the Company
- Lastly, the remaining funds will be used for the company’s General corporate purposes.
About Divine Hira Jewellers Company
Incorporated in 2022, Divine Hira Jewellers Limited is one of the well-known companies involved in the business of designing and marketing 22 Karat gold jewelry. The company is known to provide a diverse range of gold designs that will fit each requirement of its customers. They design their products that match the unique requirements of customers from local as well as regional markets. The company’s portfolio comprises of diverse range of designs including necklaces, mangalsutras, chains, malas, rings, pendants, bracelets, bangles, kadas, coins, and wedding jewelry. The Divine Hira Jewelers has been committed to providing purity, high-quality products, executive designs, on-time delivery, and perfect finishing. The company comprises a total of 9 staff members through different departments as of October 31, 2024. It sources gold from trusted bullion dealers and importers. Although they don’t have an in-house manufacturing facility, they also have developed strong partnerships with skilled artisans.
Financial Resort of the Divine Hira Jewellers Company
The company reported revenue of ₹183.41 crores in 2024 against ₹246.45 crores in 2023. The company reported a profit of ₹1.48 crores in 2024 against a profit of ₹0.91 crores in 2023.
