
Consumer Goods / Luxury Goods · NSE
Divine Hira Jewellers Limited, founded in July 2022, is dedicated to designing and selling high-quality 22 Karat gold jewelry. They serve wholesalers, showrooms, and retailers with a variety of pieces that combine traditional craftsmanship with modern style. Their collection includes necklaces, mangalsutras, chains, malas, rings, pendants, bracelets, bangles, kadas, coins, and wedding jewelry, with a focus on designs that appeal to regional preferences. The company also wholesales silver items, bullions, and coins, based in Mumbai, Maharashtra. As of October 31, 2024, Divine Hira Jewellers Limited employs nine people across different departments to ensure smooth operations and excellent customer service.
Price Band
₹90
Issue Size
₹31.84 Cr
Lot Size
1600 shares
GMP
+3.3%
Est. Listing
₹93
at current GMP
Subscribed
3.76x
overall
Open
17 Mar 2025
Close
19 Mar 2025
Allotment
20 Mar 2025
Refund
21 Mar 2025
Demat Credit
22 Mar 2025
Listing
24 Mar 2025
Overall Subscription
3.76x
Total Demand
QIB Multiplier
0.00x
Institutions & Funds
NII / HNI
1.27x
High Net-Worth
Retail (RII)
6.62x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | — | 56,000 | 0.00x |
| NIB | 1,680,000 | 2,134,400 | 1.27x |
| RETAIL | 1,680,000 | 11,128,000 | 6.62x |
| Total | 3,360,000 | 13,318,400 | 3.76x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| QIB | — | 1 | 0.00x |
| NIB | — | 490 | 0.00x |
| RETAIL | — | 6,955 | 0.00x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
Divine Hira Jewellers Limited is bringing an initial public offering (IPO) in the Consumer Goods / Luxury Goods sector with an aggregate issue size of ₹31.84 Crores. The shares are offered at a price band of ₹90 to ₹90 per equity share on NSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2025-03-19, the basis of allotment is scheduled to be finalized on 2025-03-20. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Private Limited) or the BSE allotment checking window.
The latest Grey Market Premium (GMP) for Divine Hira Jewellers Limited IPO is ₹3 per equity share. Based on the upper price band of ₹90 to ₹90 per equity share, the estimated listing price is ₹93 (+3.3% expected listing gain).
With a lot size of 1600 shares and current GMP of ₹3, the expected profit per application lot is approx ₹4,800 (+3.3% gain). Minimum application cost is approx ₹1,44,000.
The Divine Hira Jewellers Limited IPO aggregate issue size is ₹31.84 Crores with an equity price band set at ₹90 to ₹90 per equity share. The retail lot size is 1600 shares requiring a minimum capital outlay of approx. ₹1,44,000.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 3.76x (Retail: 6.62x, QIB: 0.00x, NII: 1.27x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2025-03-20. Investors can verify status using PAN card or application number.
Divine Hira Jewellers Limited shares are scheduled to list on NSE on 2025-03-24.