Divine Hira Jewellers Limited IPO Allotment Status: Check Latest GMP, Steps To Verify Status

The bidding for Divine Hira Jewellers Limited IPO closed on March 19, 2025. The basis of allotment will be finalised today, March 20, 2025. The applicants can check the status of Divine Hira Jewellers IPO allotment on the official website of NSE.

Steps to Check Divine Hira Jewellers IPO Allotment Status Online On NSE

• Head to the NSE’s IPO allotment verification status page here. 
• Select “Equity & SME IPO bid details.”
• In Select Symbol, select “Divine Hira”
• Enter your PAN No. and application No.
• Click “Submit.”

IPO Details

Divine Hira Jewellers Limited IPO is a fixed price issue of ₹31.84 crores, which is entirely a fresh issue of 35.38 lakh shares. The price band is set at ₹90 per share. This SME IPO will be listed at the NSE SME on March 20, 2025.

Horizon Management Private Limited is the book-running lead manager for the issue, Bigshare Services Private Limited is serving as the registrar, and the market maker is Giriraj Stock Broking Private Limited.

Use of Proceeds

The net proceeds from the issue will be used towards the following:

• Prepayment or repayment of certain loans availed by the Company.
• Funding of working capital requirements of the Company.
• General Corporate Purposes.

Divine Hira Jewellers Limited IPO - Overall Subscription Status

(March 19, 2025, end of the day)

Divine Hira Jewellers Limited IPO was subscribed 3.93 times. Of these, 

• Retail investors subscribed 6.62 times, 
• Non-institutional investors (NII) subscribed 1.2 times., 
• Qualified Institutional Buyers (QIBs) subscribed [.] times.
• Market Maker subscribed 1 time.

GMP (Grey Market Premium) Details

As of March 20, 2025, 8:54 a.m., the GMP for Divine Hira Jewellers stood at Rs 7, indicating potential listing gains of 7.78% over the issue price. So, the estimated per-share price is ₹97. 

Note: The Grey Market Premium (GMP) is not an official price and is based on market speculation.
Source: NDTV Profit Media Report dated March 20, 2024

Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market.

Divine Hira Jewellers Limited Business Overview

Divine Hira Jewellers Limited, based in Mumbai, Maharashtra, specialises in designing and marketing 22-karat gold jewellery. Established in July 2022, the company caters to wholesalers, showrooms, and retailers, offering a diverse range of handcrafted and machine-made jewellery.

Their product portfolio includes necklaces, mangalsutras, chains, malas, rings, pendants, bracelets, bangles, kadas, coins, and wedding jewellery, blending traditional artistry with modern design. 

They emphasise localised design, ensuring creations resonate with regional tastes. The company is a wholesaler of gold jewellery, silver articles, bullions, and coins in Mumbai, Maharashtra.

Disclaimer: Investing in SME IPOs involves a high degree of risk. Such investments may be suitable only for investors with a high-risk tolerance and the ability to bear potential losses. Perform thorough due diligence and consult a financial advisor before investing. Invest wisely and at your own discretion.

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