Listed
Divine Hira Jewellers Limited IPO
Divine Hira Jewellers IPO is a fixed price issue of Rs 31.84 crores. The issue is entirely a fresh issue of 35.38 lakh shares. Divine Hira Jewellers IPO bidding started from March 17, 2025 and ended on March 19, 2025. The allotment for the Divine Hira Jewellers IPO is expected to be finalized on Thursday, March 20, 2025. Divine Hira Jewellers IPO will be list on NSE SME with a tentative listing date fixed as Monday, March 24, 2025.
Min Investment
₹1,44,000
Lot Size
90 Shares
Price Range
₹90
Issue Size (₹ Cr.)
₹31.84 Cr
IPO Type
SME
Key Metrics
Face Value
₹ 10 per share
GMP
Subscription
3.93x
EPS
₹ 1.56
P/E Ratio
23.50 x
RoNW
16.36%
ROE
16.36%
Debt to Equity (₹ Cr.)
1.90
Timeline
IPO Opened17/03/2025Monday
IPO Closed19/03/2025Wednesday
Allotted20/03/2025Thursday
Refunded21/03/2025Friday
Listed24/03/2025Monday
Strengths
- Strong Market Presence – A well-established jewellery brand with a loyal customer base, catering to both traditional and modern jewellery preferences.
- Revenue Growth & Improving Profitability – The company has shown consistent revenue growth and increasing Earnings Per Share (EPS), reflecting a strong financial performance.
- Debt Reduction Strategy – The IPO proceeds will be used to repay existing debt, lowering financial risk and improving the company's Debt-to-Equity ratio.
- Growing Demand for Gold & Jewellery – India’s jewellery market is expanding, driven by rising incomes, weddings, and festive demand, benefiting the company’s long-term growth.
- Efficient Working Capital Utilization – A significant portion of the IPO funds is allocated to working capital, ensuring smooth operations and supporting business expansion.
Weaknesses
- High Valuation – The P/E ratio of 81.82x suggests that the stock is priced at a premium compared to industry peers, raising concerns about overvaluation.
- Moderate Debt Levels – Despite reducing debt, the Debt-to-Equity ratio of 1.90x remains relatively high, indicating continued reliance on borrowings.
- Dependence on Gold Price Fluctuations – The company’s profitability is highly sensitive to gold price volatility, which can affect demand and margins.
- Intense Market Competition – Operates in a highly competitive jewellery industry, facing strong competition from organized players and local jewellers.
- Working Capital Dependency – A large portion of IPO funds is allocated for working capital, suggesting high operational cash flow requirements.
Financials
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹Cr) | 28.54 | 28.97 | 23.26 | 19.78 |
| Revenue(₹Cr) | 136.03 | 183.41 | 246.45 | 142.4 |
| Profit After Tax(₹Cr) | 2.5 | 1.48 | 0.91 | 0.28 |
| Net Worth(₹Cr) | 12.3 | 9.8 | 8.32 | 3 |
| Reserves and Surplus(₹Cr) | 9.51 | 7.32 | 7.32 | |
| Total Borrowing(₹Cr) | 12.93 | 18.61 | 14.05 | 16.54 |
Subscription Details
IPO Bidding Live Updates from NSE SME
| Day | # of Share Offered | Number of Lots Offered | 17th Mar 2025 18:56 | 18th Mar 2025 18:56 | 19th Mar 2025 16:46 |
|---|---|---|---|---|---|
| NII | 16,80,000 | 1050 | 0.19x | 0.49x | 1.20x |
| RII | 16,80,000 | 1050 | 1.19x | 3.27x | 6.62x |
| Total | 33,60,001 | 2100 | 0.69x | 1.88x | 3.93x |
IPO Bidding Live Number of Shares by Category
| Category | Number of Shares offered | Number of Shares Bid | Bid Amount(Rs Cr) | ||
|---|---|---|---|---|---|
| NII | 16,80,000 | 20,12,800 | 18.12 | ||
| RII | 16,80,000 | 1,11,28,000 | 100.15 | ||
| Total | 33,60,001 | 1,31,96,800 | 118.77 |
Company Details
- 74/A, 1st Floor, Office No.2, Opp. Hotel Bhagat Tarachand Zaveri Bazar, Mumbai 400002
+91 222 240 2662
- info@divinehirajewellers.com
- http://www.divinehirajewellers.com/
Registrar Details
- N/A
+91-22-6263 8200
- ipo@bigshareonline.com
- https://ipo.bigshareonline.com/IPO_Status.html
