Divine Hira Jewellers IPO Closed
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Schedule of Divine Hira Jewellers
| Issue open date | 17 Mar 2025 |
| Issue close date | 19 Mar 2025 |
| UPI mandate deadline | 19 Mar 2025 (5 PM) |
| Allotment finalization | 20 Mar 2025 |
| Refund initiation | 21 Mar 2025 |
| Share credit | 21 Mar 2025 |
| Listing date | 24 Mar 2025 |
| Mandate end date | 01 Apr 2025 |
| Lock-in end date for anchor investors (50%) | 18 Apr 2025 |
| Lock-in end date for anchor investors (remaining) | 18 Jun 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Divine Hira Jewellers
Incorporated in 1997 as a proprietorship firm, Divine Hira Jewellers Limited specializes in designing and marketing 22-karat gold jewelry, offering diverse designs tailored to regional preferences. The business operates primarily in wholesale, supplying gold jewelry, silver articles, bullion, and coins in Mumbai, Maharashtra. A recent expansion includes antique gold jewelry, blending historical artistry with modern trends. Jewelry production is outsourced to skilled artisans, with designs crafted by in-house and freelance designers. The company procures gold from bullion dealers and is in the process of direct imports. Products range from wedding and festive jewelry to daily wear items, catering to mid-market and value segments. Operations are based in Zaveri Bazar, Mumbai, a renowned bullion market.
Financials of Divine Hira Jewellers
*All figures are in ₹ Crores.
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹31.84 crores |
| Fresh Issue | ₹31.84 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Debt reduction | 3 (9.42%) |
| Issue related expenses | 3.65 (11.46%) |
| Working capital requirements | 19 (59.67%) |
| General corporate purposes | 6.19 (19.43%) |
Strengths
- Experienced management with strong industry expertise and leadership vision.
- Diverse product portfolio covering traditional, modern, and custom designs.
- Strict quality control ensuring standardized, high-purity gold jewelry.
- Deep understanding of customer preferences and market trends.
- Hallmark certification and unique identification for authenticity assurance.
- Reliable job workers and an extensive vendor network.
- Strong focus on innovative and customer-centric jewelry designs.
- Commitment to customer satisfaction with timely deliveries and support.
- Long-term client relationships built on trust and reliability.
Risks
- Revenue depends on a few customers, affecting financial performance.
- Reliance on few suppliers may disrupt raw material availability.
- Failure to obtain regulatory approvals may impact business operations.
- High cost of gold bullion affects profitability and cash flow.
- Sales fluctuate seasonally, impacting revenue and operational stability.
- Competitive market pressures may reduce pricing power and margins.
- Inventory mismanagement can impact profitability and liquidity position.
- Regulatory changes may require costly adjustments in business practices.
Allotment Status for Divine Hira Jewellers
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Subscription Figures for Divine Hira Jewellers
Subscription numbers as of 5:00 PM on 19 Mar 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| HNI (₹2L+) | 16.80 | 20.12 | 1.2x |
| Retail (upto ₹2L) | 16.80 | 111.28 | 6.62x |
| Total | 33.60 | 131.96 | 3.93x |