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The Divine Hira Jewellers IPO is a fixed price issue worth ₹31.84 crores, consisting entirely of a fresh issue of 35.38 lakh shares.
The IPO will open for subscription on March 17, 2025, and close on March 19, 2025. The allotment is expected to be finalized on March 20, 2025 (Thursday), with the stock set to be listed on NSE SME on a tentative date of March 24, 2025 (Monday).
The IPO price is fixed at ₹90 per share, with a minimum lot size of 1,600 shares. Retail investors must invest a minimum of ₹1,44,000, while HNI investors need to apply for at least 2 lots (3,200 shares), requiring an investment of ₹2,88,000.
1 lot)
| IPO Date | March 17, 2025 to March 19, 2025 |
| Listing Date | March 17, 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 |
| Share Holding Pre Issue | 95,09,500 shares |
| Share Holding Post Issue | 1,30,47,100 shares |
| Market Maker Portion | March 17, 2025, to March 19, 2025 |
| IPO Open Date | Mon, Mar 17, 2025 |
| IPO Close Date | Wed, Mar 19, 2025 |
| Tentative Allotment | Wed., Mar 19, 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 | Wed., Mar 19, 2025 |
| Application | 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 |
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net Issue |
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| 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 |
| Reserves and Surplus | 9.51 | 7.32 | 7.32 | |
| Total Borrowing | 12.93 | 18.61 | 14.05 | 16.54 |
Maximizing Opportunities with Divine Hira Jewellers Limited IPO
The Divine Hira Jewellers Limited IPO offers investors an opportunity to participate in a ₹31.84 crore fixed-price issue, entirely comprising a fresh issue of 35.38 lakh shares.
With an IPO price of ₹90 per share and a minimum investment requirement of ₹1,44,000 for retail investors, this IPO is positioned for those with a strong risk appetite. The listing on NSE SME could provide growth potential, but investors should carefully evaluate the company's financials, market conditions, and future prospects before making an investment decision.
As the IPO progresses towards its tentative listing date of March 24, 2025, market response and demand will determine its post-listing performance.
