Divine Hira Jewellers IPO: Price, Date And GMP

Divine Hira Jewellers IPO-Complete Overview

Divine Hira Jewellers IPO under the SME IPO category is a fixed price issue of Rs.31.84 Cr by Divine Hira Jewellers Limited that was incorporated in July 2022 and specializes in designing and marketing premium 22 Karat gold jewellery.

The company sells its gold jewellery for wholesalers, showrooms, and retailers, covering ancient traditions and modern elegance. Their collection consists of many design features to comprise various preferences. Products include necklaces, mangalsutras, chains, malas, rings, pendants, bracelets, bangles, kadas, coins, and wedding jewellery.

They focus their products with a more localized design such that creativity speaks for the regional needs. The company is a wholesaler of gold jewellery, silver articles, bullions, and coins in Mumbai, Maharashtra.

This Divine Hira Jewellers IPO date is on 17 Mar 2025, and its ‘initial public offering’ will end on 19 Mar 2025.

Divine Hira Jewellers IPO Overview

The Rs.31.84 crore new SME IPO comprises a wholly fresh issue of 35.38 lac Shares. 

This upcoming IPO date is from March 17 to March 19, 2025. Divine Hira Jewellers share price is Rs.90 for each Share. 

The expected IPO listing date is Monday, 24 March 2025, and listing at NSE and SME.

Click to open demat account and apply for the IPO.

 

 

Company Financial

(Amount in Lac)

 

Cash Flows

(Amount in lac)

 

Product-wise Revenue Breakdown  

(Amount in lac)

 

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Repayment in full or in part of some of the company's loans.

• Fulfill working capital needs

• General corporate purposes.
  
  

Click for the IPO application status check.

 

 

Peers of Divine Hira Jewellers Ltd.

 

Evaluation

The Divine Hira Jewellers IPO price is Rs.90 for each Share.

Evaluation of P/E Ratio

Considering the FY ended 31 Mar 2024 with an EPS of Rs.1.56 from the last year, the resulting P/E ratio is 57.69x.

Considering the weighted EPS of Rs.1.26 for the last three years, the P/E ratio is 71.42x.

Comparative Analysis With Listed Peers

The average P/E Ratio of the industry is 99.09.

In simple words, the P/E ratio of this IPO (57.69x), compared with the industry’s average P/E of 99.09x, has an undervaluation (on a P/E ratio basis only). Hence the price of the Share seems fully priced for the investors when considered based on the average P/E ratio of the industry.

 

IPO's Strengths 

• An Established Brand presence attracts wholesalers and retailers alike.

• The 22-carat gold jewelry portfolio includes necklaces, bangles, chains, rings, pendants, and wedding collections.

• Artisan and in-house designers design unique, regional designs, giving Divine Hira Jewellers an edge.

• With very strong relations with wholesalers, retailers, and showrooms, the company makes sure that their sales remain steady.

 

IPO’s Weaknesses

• Restricted operational geographic area; fierce market rivalry results in a small market share.

• No manufacturing facilities that are owned.

• Price fluctuations for basic materials.

• A steady shift in customer preferences.

 

 

 

Divine Hira Jewellers IPO GMP

IPO GMP today is Rs.0 as of 12 Mar 2025. Hence, the Divine Hira Jewellers limited IPO listing price (estimated) is Rs.90.

Divine Hira Jewellers IPO Timetable (Tentative)

The Divine Hira IPO opening date is from 17 March to March 19, 2025, with allotment on March 20, refund initiation on March 21, and listing on March 24, 2025.

 

Divine Hira Jewellers IPO Details 

The IPO with a Face Value of Rs.10 per share offers a total issue size of 35,37,600 Shares (Rs.31.84 Cr).

IPO Lot Details 

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (1600 Shares) amounting to Rs.1,44,000 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (3200 Shares) amounting to Rs.2,88,000.

 

IPO Reservation (% of Net Issue)

 

Promoters And Management of Divine Hira Jewellers Ltd.

• Hirachand Pukhraj Gulecha

• Niraj Hirachand Gulecha

• Khushbu Niraj Gulecha

• Hirachand P Gulecha (HUF)
  
  

 

IPO Lead Managers

• Horizon Management Private Limited.
  
  

Dividend Policy

The company has not paid any dividend in the last three years.

 

 

 

Conclusion

An opportunity to participate in a developing jewelry company with a significant presence in Mumbai is presented by Divine Hira Jewellers IPO. Despite obstacles including price volatility and a restricted geographic reach, the company enjoys a strong market position.  The IPO is appropriately valued because its pricing is lower than the industry average P/E.  Before investing, investors should carefully consider the risks and prospects for growth.

 

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Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions. The author does NOT through this blog intend to involve readers in any investment or trading activities.