Issue Price
₹90
Per Share
GMP
NIL
Grey Market
Est. Listing
₹90
Expected Price
Min. Application
₹288,000
2 lots × 1600 shares
Incorporated in July 2022 Divine Hira Jewellers Limited specializes in designing and marketing premium 22 Karat gold jewelry.The company caters to wholesalers, showrooms, and retailers with a diverse range of gold jewelry that combines traditional artistry with modern elegance.Their collection comprises various designs crafted to meet diverse preferences. Products include necklaces, mangalsutras, chains, malas, rings, pendants, bracelets, bangles, kadas, coins, and wedding jewelry. They emphasize localized design, ensuring creations resonate with regional tastes.The company is a wholesaler of gold jewellery, silver articles, bullions, and coins in Mumbai, Maharashtra.As of October 31, 2024, the company had nine employees in various departments.Competitive Strength:Established Brand Presence attracts both wholesalers and retailers.Portfolio of 22 Karat gold jewelry: necklaces, bangles, chains, rings, pendants, and wedding collections.Artisans and in-house designers create unique, regional designs, giving Divine Hira Jewellers a competitive edge.For consistent sales, the company maintains strong ties with wholesalers, retailers, and showrooms.
Divine Hira Jewellers Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 177,600 | — | ₹1.60 Cr | — |
| TOTAL | 3,537,600 | 100.00% | ₹31.84 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹144,000 |
| Retail (Max) | 13 | 20,800 | ₹1,872,000 |
| sNII (Min) | 14 | 22,400 | ₹2,016,000 |
| bNII (Min) | 68 | 108,800 | ₹9,792,000 |
| Particulars | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue from Operations | 136.03 | 183.41 | 246.45 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 2.50 | 1.48 | 0.91 |
| Net Worth | 12.30 | 9.80 | 8.32 |
| Total Assets | 28.54 | 28.97 | 23.26 |
| Reserves & Surplus | 9.51 | 7.32 | 7.32 |
| Total Borrowings | 12.93 | 18.61 | 14.05 |