Divine Hira Jewellers Limited

Company Name	Divine Hira Jewellers Limited
Open Date	17-03-2025
Close Date	19-03-2025
Exchange	NSE SME
Lot Size	1,600 Shares
Issue Price	₹90 per share
Issue Size	35,37,600 shares
Application Amount	₹1,44,000
Recommendation	Avoid

Company Background – Incorporation: Incorporated in July 2022, the company’s registered office is located in Mumbai, Maharashtra. Business Activity: The company caters to wholesalers, showrooms, and retailers with a diverse range of gold jewelry. Products include necklaces, mangalsutras, chains, malas, rings, pendants, bracelets, bangles, kadas, coins, and wedding jewelry. Revenue Stream: Gold and Gold products contributed to over 96% of revenue in FY 24. Human Resource: The company has 9 permanent employees as on October 31, 2024.

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Summary of Financials (All financials in Lakh)

KPIs	Mar-22	Mar-23	Mar-24	Nov-24
Revenue	14,240.17	24,644.58	18,325.61	18,325.61
EBITDA	162.11	162.11	162.11	402.64
Net Profit	28.29	91.23	148.17	249.82
RoCE	17.10%	30.80%	33.45%	17.12%*
ROE	9.43%	10.97%	15.12%	10.71%*
P/E	3.11	0.99	1.17	23.50*

Tentative Timeline

Opening Date	17-03-2025
Closing Date	19-03-2025
Basis of Allotment	20-03-2025
Initiation of Refunds	21-03-2025
Credit of Shares to Demat	21-03-2025
Listing Date	24-03-2025

Objects of the Issue

Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company

General Corporate Purposes

Contact Information

Registered Office	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/

Offer Documents

Divine Hira Jewellers IPO DRHP

Divine Hira Jewellers IPO RHP

Registrar Details

Name	Bigshare Services Pvt Ltd
Phone	+91-22-6263 8200
Email	ipo@bigshareonline.com
Website	https://ipo.bigshareonline.com/IPO_Status.html

IPO Reservation

Market Maker Shares Offered	1,77,600 (5.02%)
Other Shares Offered	16,80,000 (47.49%)
Retail Shares Offered	16,80,000 (47.49%)

Shareholding Pattern

Share Holding Pre Issue (Promoters)	99.40%
Share Holding Post Issue (Promoters)	72.70%