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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹31.84 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹31.84 Cr |
| Fresh Issue | ₹30.24 Cr |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹90.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | DIVINEHIRA |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | Horizon Management Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,600 shares and in multiples thereof
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:
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 |
| 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 |
| Amount in ₹ Crore | ||||
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 16.36% |
| ROCE | 13.54% |
| Debt / Equity | 1.90% |
| RoNW | 16.36% |
| PAT Margin | 0.81% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| Promoter Holding | 99.74% | 72.7% |
