Divine Hira Jewellers IPO: A Comprehensive Analysis for Investors
The IPO market is buzzing with activity, and the upcoming Divine Hira Jewellers IPO is generating considerable interest among investors. This blog post aims to provide a detailed overview of the IPO, covering essential aspects to help you make an informed decision. From understanding the company's business to analyzing its financials and objectives, we've got you covered.
Company Overview: Divine Hira Jewellers Limited
Incorporated in July 2022, Divine Hira Jewellers Limited specializes in the intricate art of designing and marketing premium 22 Karat gold jewelry. Their focus is on blending traditional artistry with contemporary elegance, catering to a diverse clientele of wholesalers, showrooms, and retailers.
What They Offer
- Diverse Product Range: Necklaces, Mangalsutras, Chains, Rings, Pendants, Bracelets, Bangles, Kadas, Coins, and Wedding Jewelry.
- Localized Design: Creations resonate with regional tastes, ensuring relevance and appeal to specific markets.
- Wholesale Focus: Serving as a wholesaler of gold jewelry, silver articles, bullions, and coins in Mumbai, Maharashtra.
Competitive Strengths
- Established Brand Presence: Attracts both wholesalers and retailers.
- Portfolio of 22 Karat Gold Jewelry: Includes a wide range of designs suitable for various occasions.
- Artisans and In-House Designers: Create unique, regional designs, providing a competitive edge.
- Strong Ties: Maintains relationships with wholesalers, retailers, and showrooms for consistent sales.
IPO Details: Divine Hira Jewellers IPO
Here's a quick rundown of the key details of the Divine Hira Jewellers IPO:
- IPO Date: March 17, 2025 to March 19, 2025
- Listing Date (Tentative): March 24, 2025
- Face Value: ₹10 per share
- Issue Price: ₹90 per share
- Lot Size: 1,600 Shares
- Total Issue Size: 35,37,600 shares (aggregating up to ₹31.84 Cr)
- Fresh Issue: 35,37,600 shares (aggregating up to ₹31.84 Cr)
- Issue Type: Fixed Price Issue IPO
- Listing At: NSE SME
IPO Timeline
Important Dates
- IPO Open Date: Mon, Mar 17, 2025
- IPO Close Date: Wed, Mar 19, 2025
- Tentative Allotment: Thu, Mar 20, 2025
- Initiation of Refunds: Fri, Mar 21, 2025
- Credit of Shares to Demat: Fri, Mar 21, 2025
- Tentative Listing Date: Mon, Mar 24, 2025
- Cut-off time for UPI mandate confirmation: 5 PM on March 19, 2025
Lot Size and Investment Details
Understanding the lot size is crucial for potential investors. Here’s a breakdown:
| Investor Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | 1,44,000 |
| Retail (Max) | 1 | 1600 | 1,44,000 |
| HNI (Min) | 2 | 3,200 | 2,88,000 |
Investors can bid for a minimum of 1600 shares and in multiples thereof.
IPO Reservation
Divine Hira Jewellers IPO offers a total of 35,37,601 shares, with allocations as follows:
- NII: 16,80,000 shares (47.49%)
- RII: 16,80,000 shares (47.49%)
Share Allocation
| Investor Category | Shares Offered | Percentage |
|---|---|---|
| Market Maker | 1,77,600 | 5.02% |
| Other | 16,80,000 | 47.49% |
| Retail | 16,80,000 | 47.49% |
| Total | 35,37,601 | 100% |
Company Financials
Here's a snapshot of the company's financial performance:
| Period Ended | 30 Sep 2024 (₹ Crore) | 31 Mar 2024 (₹ Crore) | 31 Mar 2023 (₹ Crore) | 31 Mar 2022 (₹ Crore) |
|---|---|---|---|---|
| Assets | 28.54 | 28.97 | 23.26 | 19.78 |
| Revenue | 136.03 | 183.41 | 246.45 | 142.4 |
| Profit After Tax | 2.5 | 1.48 | 0.91 | 0.28 |
| Net Worth | 12.3 | 9.8 | 8.32 | 3 |
Key Performance Indicators (KPI)
- ROE: 16.36%
- ROCE: 13.54%
- Debt/Equity: 1.90
- RoNW: 16.36%
- PAT Margin: 0.81
Objects of the Issue (IPO Objectives)
The company plans to utilize the Net Proceeds from the Issue towards the following objectives:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Prepayment or repayment of certain loans | 30 |
| 2 | Funding working capital requirements | 190 |
| 3 | General corporate purposes | 61.91 |
Promoter Holding
The Promoters of the company are Hirachand Pukhraj Gulecha, Niraj Hirachand Gulecha, Khushbu Niraj Gulecha, and Hirachand P Gulecha (HUF).
- Share Holding Pre Issue: 99.74%
- Share Holding Post Issue: 72.70%
Note: The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Lead Manager(s) and Registrar
- Lead Manager: Horizon Management Private Limited
- Registrar: Bigshare Services Pvt Ltd
- Market Maker: Giriraj Stock Broking Private Limited
Company Contact Details
Divine Hira Jewellers Limited
74/A, 1st Floor, Office No.2,
Opp. Hotel Bhagat Tarachand
Zaveri Bazar, Mumbai 400002
Phone: +91 222 240 2662
Email: info@divinehirajewellers.com
Website: http://www.divinehirajewellers.com/
IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
How to Apply for the Divine Hira Jewellers IPO through Zerodha?
Zerodha customers can apply online in Divine Hira Jewellers IPO using UPI as a payment gateway. Zerodha customers can apply in Divine Hira Jewellers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Divine Hira Jewellers IPO through Zerodha
- Visit the Zerodha website and login to Console.
- Go to Portfolio and click the IPOs link.
- Go to the 'Divine Hira Jewellers IPO' row and click the 'Bid' button.
- Enter your UPI ID, Quantity, and Price.
- Submit IPO application form.
- Visit the UPI App (net banking or BHIM) to approve the mandate.
Conclusion
The Divine Hira Jewellers IPO presents an opportunity for investors to participate in the growth of a company specializing in the gold jewelry market. This analysis provides a comprehensive overview of the IPO details, company financials, and other relevant information to aid your investment decision-making process. Remember to conduct your own due diligence and consider your risk appetite before investing.