Divine Hira Jewellers IPO subscription started on Monday, March 17, 2025, and will close on March 19, 2025, as per the schedule. The price band is set at ₹90 per share with a face value of ₹10.
Divine Hira Jewellers IPO Subscription Status
Divine Hira Jewellers IPO Subscribed over 1.86x on its Second day till 05.00 PM on 18th March 2025.
- Divine Hira Jewellers IPO subscription QIB investors portion is 0.00x times, while NII subscribed 0.49x times and RII investors subscribed 3.23x times.
- The company has received bids for 62,51,200 shares against 33,60,001 shares on offer on the Second day.
- Divine Hira Jewellers IPO Subscribed over 1.86x on day 2.
- Divine Hira Jewellers IPO Subscribed over 0.69x on day 1.
About Divine Hira Jewellers IPO
Divine Hira Jewellers Limited was founded in 2022 and started a business in creating and selling high-quality 22 Karat gold jewelry. Moreover, it also serves wholesalers, showrooms, and retailers with an extensive collection that blends traditional craftsmanship with contemporary sophistication. Further, their range includes necklaces, mangalsutras, chains, malas, rings, pendants, bracelets, bangles, kadas, coins, and wedding jewelry, all designed to cater to a variety of tastes. Divine Hira Jewellers Limited, based in Mumbai, Maharashtra, has a good understanding of the local and regional market, which helps to have more consumers.
By October 31, 2024, the company employed nine staff members across different departments. 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.
Divine Hira Jewellers IPO Company Financial Report
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.
Divine Hira Jewellers IPO GMP:
Divine Hira Jewellers IPO GMP was ₹30 as of Tuesday, 18th March. That indicates the IPO is trading at ₹120 with ₹30 premium in the grey market against the issue price of ₹90.
