Divine Hira Jewellers Limited is set to launch its Initial Public Offering (IPO) on March 17, 2025. The IPO is a fixed price issue of ₹31.84 crore, entirely comprising a fresh issue of 35.38 lakh shares. The subscription window will remain open until March 19, 2025, and the allotment is expected to be finalized on March 20, 2025. Investors can expect the shares to be listed on NSE SME on March 24, 2025.

IPO Details

• IPO Price: ₹90 per share
• Lot Size: 1,600 shares
• Retail Investor Minimum Investment: ₹1,44,000
• HNI Minimum Investment: ₹2,88,000 (2 lots)
• Lead Manager: Horizon Financial Pvt Ltd
• Registrar: Bigshare Services Pvt Ltd
• Market Maker: Giriraj Stock Broking Private Limited

Industry Outlook

The global economy is projected to grow at 3.1% in 2024 and 3.2% in 2025. Despite high central bank rates and inflation concerns, the gems and jewellery sector is expected to thrive due to the expansion of large jewellery brands and increasing organized retail penetration. The Indian jewellery industry, valued at US$ 100 billion by 2027, is benefiting from government liberalization policies, relaxed gold import restrictions, and growing demand for branded jewellery.

Company Overview

Divine Hira Jewellers Limited specializes in the design and wholesale of 22 Karat gold jewellery. The company caters to regional markets with customized jewellery designs, including handmade and machine-made products. The portfolio consists of:

• Necklaces, bangles, rings, bracelets, pendants, chains, and wedding jewellery
• Silver articles, bullions, and coins

The company does not have its own manufacturing unit and instead outsources jewellery production to skilled artisans. It is also in the process of importing gold directly, reducing reliance on intermediaries.

IPO Fund Utilization

The company plans to utilize the IPO proceeds as follows:

Promoters

The company is promoted by Hirachand Pukhraj Gulecha, Niraj Hirachand Gulecha, Khushbu Niraj Gulecha, and Hirachand P Gulecha (HUF).

With its strong presence in gold jewellery wholesale and expanding market opportunities, Divine Hira Jewellers is positioning itself for steady growth in the organized jewellery sector. Investors looking for an SME IPO investment in the jewellery industry may find this offering promising.

The Upcoming IPOs in this week and coming weeks are Super Iron Foundry, Paradeep Parivahan, Divine Hira Jewellers.

The Current active IPO is PDP Shipping & Projects.

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