Divine Hira Jewellers
IPO Timeline
Issue open date
17 Mar 2025Issue close date
19 Mar 2025UPI mandate deadline
19 Mar 2025Allotment finalization
20 Mar 2025Refund initiation
21 Mar 2025Share credit
21 Mar 2025Listing date
24 Mar 2025Mandate end date
1 Apr 2025Lock-in end date for anchor investors (50%)
18 Apr 2025Lock-in end date for anchor investors (remaining)
18 Jun 2025Key Dates
Quick Stats
About the Company
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.
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.
Divine Hira Jewellers IPO – Frequently Asked Questions
- The price band for the Divine Hira Jewellers IPO is set at ₹90 to ₹90 per share.
- The Divine Hira Jewellers IPO opens on March 17, 2025 and closes on March 19, 2025.
- The tentative listing date for the Divine Hira Jewellers IPO is March 24, 2025.
- You can apply for the Divine Hira Jewellers IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Divine Hira Jewellers, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the Divine Hira Jewellers IPO is 1600 shares. Investors must apply for at least one lot (i.e., 1600 shares).