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Divine Hira Jewellery IPO
Divine Hira Jewellers Ltd
₹1,44,000 /1600 sharesMinimum investment
IPO listing details
Listed on
24 Mar '25
Issue price
₹90.00
Listing price
₹90.00
Listing gains
₹0.00 (0.00%)
Exchange
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IPO details
Minimum investment
₹1,44,000
Price range
₹90 - ₹90
Lot size
1,600
Issue size
31.84 Cr
Face value
10
IPO document
Subscription rate
Qualified Institutional Buyers0.00x
Non-Institutional Investor1.25x
Retail Individual Investor6.23x
Total3.57x
As of 19 Mar'25, 05:00 PM
Schedule
17 Mar 2025
IPO open date
19 Mar 2025
IPO close date
20 Mar 2025
Allotment date
20 Mar 2025
Funds unblock or debit
24 Mar 2025
Tentative listing date
About
Founded in
2022
MD/CEO
Mr. Hirachand Pukhraj Gulecha
Parent organisation
Divine Hira Jewellers Ltd
Divine Hira Jewellery Financials
Revenue
Total Assets
Profit
All values are in ₹ Cr
Strengths & Risks
Strengths
Risks
The company claims to have an in-house design team that continuously creates unique and trend-driven jewellery. They also incorporate customer feedback into their designs, offering customised pieces tailored to individual preferences.
According to the RHP, Divine Hira Jewellers has shown a consistent increase in return on capital employed (ROCE). It increased from 8.18% in FY22 to 10.83% in FY23 and 13.54% in FY24.
The company has seen a consistent increase in profit after tax (PAT). PAT increased from Rs 0.29 crore in FY22 to Rs 0.91 crore in FY23 to Rs 1.48 crore in FY24.
The top 10 customers of the company contributed Rs 130.68 crore (96.11%), Rs 175.03 crore (95.51%), Rs 214.37 crore (86.98%), and Rs 101.21 crore (71.07%) to the order book in the period ended September 30, 2024, FY24, FY23, and FY22, respectively. Any failure to retain these key customers, expand the customer base, or a loss of business from these clients can adversely affect the company’s business.
The company is dependent on a limited number of suppliers. The top 10 suppliers contributed Rs 119.38 crore (87.93%), Rs 170.13 crore (94.17%), Rs 217.94 crore (90.80 %), and Rs 122.47 crore (87.01%) to the revenue in the period ended September 30, 2024, 2024, FY24, FY23, and FY22, respectively. Any adverse changes in the availability, pricing, or reliability of these third-party suppliers could negatively impact the company’s operations, cost structure, and overall efficiency.
Divine Hira Jewellers does not register its jewellery designs under the Designs Act, 2000. This leaves them vulnerable to competitors copying their designs without legal consequences. Any duplication could erode their competitive edge, impacting sales.
The business relies heavily on gold bullion and coloured stones that are subject to global price fluctuations. A sharp change in gold prices could raise operational costs and deter customers from purchasing jewellery.
The company reported negative cash flows from operating and investing activities in the past. A repeat of this in future can be harmful for the company’s business and financial stability.
The company has a history of transactions with related parties. While compliant with regulations, these dealings may not always be on the most favourable terms. Related party transactions in future could raise concerns about transparency and potential conflicts of interest.
The company, its promoters, and its directors are involved in certain ongoing legal proceedings. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
As of September 30, 2024, the company had outstanding financial indebtedness of Rs 11.63 crore. Any failure to service or repay these loans can harm the company’s operations and financial position.
Application details
For Divine Hira Jewellery IPO, eligible investors can apply as Regular.
| Apply as | Price band | Apply range | Lot size |
|---|---|---|---|
| Regular | ₹90 - ₹90 | ₹2 - ₹5 Lakhs | 1600 |
| High Networth Individual | ₹90 - ₹90 | ₹2 - ₹5 Lakhs | 1600 |