Latest IPO in India: Divine Hira Jewellers Limited’s Promising ₹31.84 Crore Public Offering
Divine Hira Jewellers Limited, a prominent player in the Indian jewellery industry, is set to launch its Initial Public Offering (IPO) from March 17 to March 19, 2025. This public issue aims to raise ₹31.84 crore, marking a significant milestone for the company and presenting a noteworthy opportunity for investors interested in the latest IPO in India.
Company Overview
Established in July 2022, Divine Hira Jewellers Limited specializes in designing and marketing 22-karat gold jewellery. The company offers a diverse range of handcrafted and machine-made ornaments, including necklaces, bangles, rings, mangalsutras, pendants, bracelets, kadas, and malas. Operating primarily in the wholesale sector, Divine Hira caters to wholesalers, showrooms, and retailers across Mumbai, Maharashtra. The company outsources jewellery production to skilled artisans nationwide, ensuring a blend of traditional craftsmanship and contemporary designs.
IPO Timeline and Key Dates
The IPO bidding will commence on March 17, 2025, and conclude on March 19, 2025. The tentative schedule for key events is as follows:
| Event | Date |
|---|---|
| Issue Open Date | March 17, 2025 |
| Issue Close Date | March 19, 2025 |
| Allotment Finalization | March 20, 2025 |
| Refund Initiation | March 21, 2025 |
| Share Credit to Demat Accounts | March 21, 2025 |
| Listing Date | March 24, 2025 |
Note: The schedule is tentative and subject to change.
Price Band and Lot Size
The IPO is priced at ₹90 per equity share, with a face value of ₹10 each. The minimum lot size is set at 1,600 shares, requiring a minimum investment of ₹144,000.
Financials
Divine Hira Jewellers has demonstrated consistent growth over the past few years. Key financial metrics are as follows:
| Financial Year | Revenue (₹ Crore) | Net Profit (₹ Crore) |
|---|---|---|
| 2021-22 | 142.40 | 0.29 |
| 2022-23 | 246.45 | 0.91 |
| 2023-24 | 183.26 | 1.48 |
The company has also seen an increase in net worth from ₹3 crore in FY22 to ₹9.8 crore in FY24.
Strengths
- Experienced Management: Led by seasoned professionals with extensive industry expertise.
- Diverse Product Portfolio: Offers a wide range of traditional, modern, and custom designs.
- Quality Assurance: Maintains strict quality control measures, ensuring high-purity gold jewellery.
- Customer-Centric Approach: Deep understanding of customer preferences and market trends.
- Authenticity: Provides hallmark certification and unique identification for all products.
Risks
- Customer Concentration: Revenue dependency on a limited number of customers.
- Supplier Reliance: Dependence on a few suppliers for raw materials.
- Regulatory Approvals: Potential impact due to delays or failures in obtaining necessary approvals.
- Gold Price Volatility: Profitability may be affected by fluctuations in gold prices.
- Seasonal Demand: Sales are subject to seasonal variations, impacting revenue stability.
IPO Anchor Investors Details
As of now, specific details regarding anchor investors have not been publicly disclosed.
IPO Promoter Holding Details
| Promoter | Pre-Issue Holding (%) | Post-Issue Holding (%) |
|---|---|---|
| Hirachand Pukhraj Gulecha | 99.74 | 72.70 |
| Niraj Hirachand Gulecha |
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| Khushbu Niraj Gulecha |
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| Hirachand P Gulecha (HUF) |
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IPO Grey Market Premium (GMP)
As of March 14, 2025, the Grey Market Premium (GMP) for Divine Hira Jewellers’ IPO is not available. Investors are advised to monitor financial news platforms for the latest GMP updates.
Final Thoughts
Divine Hira Jewellers Limited’s upcoming IPO presents an intriguing opportunity for investors seeking to diversify their portfolios with a stake in the jewellery sector. The company’s consistent financial growth, experienced management, and diverse product offerings are positive indicators. However, potential investors should carefully consider the associated risks, including customer concentration and market volatility, before making investment decisions.