- POSITIVE
Annual Revenue Divine Hira Jewellers Mar-2026 Annual Revenue is Rs 884 Cr which is growth of 146.3% YoY.
- POSITIVE
Annual Net Profit Divine Hira Jewellers Mar-2026 Annual Net Profit is Rs 7 Cr which is growth of 28.3% YoY.
Divine Hira Jewellers was incorporated on July 19, 2022. The company designs and markets gold jewellery, primarily dealing in 22-karat gold with diverse designs tailored to regional preferences. The company wholesales gold jewellery, silver articles, bullions, and coins in Mumbai, Maharashtra, and has recently introduced antique gold jewellery.
| Bidding Dates |
|---|
| 17 Mar 2025 - 19 Mar 2025 |
| Subscription |
|---|
| 3.76x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹144,000 | 1 | 1 | 1600 | 3.5 M | ₹90 | 72.7 % | ₹318.4 M | RHP DOC |
Divine Hira Jewellers IPO SUBSCRIPTION STATUS
19 Mar '25Total3.76x
Retail Individual Investor6.32x
HNI (NII) Investors1.21x
Qualified Institutional Buyers-
Divine Hira Jewellers IPO overall subscription rate was 3.76 times the total available shares
Divine Hira Jewellers IPO retail subscription rate was 6.32 times in the retail segment
Divine Hira Jewellers IPO non-institutional investor subscription rate was 1.21 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
19 Mar 2025 (Day 3) | 6.32x | 1.21x | - |
18 Mar 2025 (Day 2) | 3.02x | 0.56x | - |
17 Mar 2025 (Day 1) | 1.11x | 0.18x | - |
Divine Hira Jewellers FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY25 | 25.0 | 1,359.8 | 72.0 | 69.8 | 3.0% |
| FY24 | 14.8 | 1,832.6 | -20.9 | -21.2 | 1.8% |
| H1FY23 | 7.7 | 1,249.5 | -9.8 | -11.5 | 1.4% |
| H2FY23 | 1.4 | 1,215.0 | 8.7 | 8.7 | 0.7% |
| FY22 | 2.9 | 1,424.0 | 13.4 | 12.7 | 1.1% |
Divine Hira Jewellers IPO SUBSCRIPTION STATUS DETAILS
Divine Hira Jewellers had 3.5 M shares on offer
Divine Hira Jewellers IPO offer price was ₹90
Divine Hira Jewellers IPO minimum Investment was ₹144000
Divine Hira Jewellers IPO issue size was ₹ 318.4 M
Divine Hira Jewellers had a minimum lot size of 1600 Shares per application
Divine Hira Jewellers NUMBER OF SHARES ON OFFER
Total3.5 M
Fresh Issue3.5 M
Offer for Sale0
Post Issue Promoter Holding %72.7 %
Divine Hira Jewellers IPO IMPORTANT DATES
| Issue Open Date | 17 Mar 2025 |
| Issue close Date | 19 Mar 2025 |
| Allotment Date | 20 Mar 2025 |
| Refund Date | 21 Mar 2025 |
| Demat Account Credit Date | 21 Mar 2025 |
| Listing Date | 24 Mar 2025 |
| Listing on Exchange(s) | NSE |
| Divine Hira Jewellers Allotment Status | Exchange/ Registrar |
Divine Hira Jewellers IPO subscription opened on 17 Mar 2025, and closed on 19 Mar 2025
IPO allotment for Divine Hira Jewellers was finalized on Thursday, 20 Mar 2025
IPO listing for Divine Hira Jewellers was on NSE on Monday, 24 Mar 2025
Divine Hira Jewellers IPO LISTING GAINS
| Issue Price (adjusted) | 30.0 |
| Listing Open Price | 90.0 |
| Listing Close Price | 85.5 |
| Listing Gain% | 0.0% |
| Current Gain% | 245.5% |
Divine Hira Jewellers Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Divine Hira Jewellers Ltd. | 103.6 | 135.2 | 56.9 | -1 | 0.2 | 14.1 | 8.7 | 884 | 146.3 | 7.1 | 28.3 | 1.8 | -57.2 |
| Titan Company Ltd. | 4410 | 391513.7 | 68 | 1.2 | 4.2 | 32.3 | 8.4 | 88136 | 44.6 | 5073 | 52 | 64.9 | 55.1 |
| Kalyan Jewellers India Ltd. | 554 | 57214.4 | 39.9 | 0.5 | 1.5 | 21.4 | 6.5 | 35950.9 | 42.7 | 1350.4 | 88.9 | 13.9 | 79.1 |
| Lalithaa Jewellery Mart Ltd. | 382.6 | 21414.5 | 34.5 | 9.2 | 25039.8 | 48.1 | 1009.8 | 176.9 | |||||
| Thangamayil Jewellery Ltd. | 4889.5 | 15205.2 | 38.9 | 0.1 | 1.6 | 24.8 | 9.2 | 8513.8 | 73.2 | 351.6 | 196.2 | 125.7 | 262.5 |
| PC Jeweller Ltd. | 14.8 | 14525.3 | 18.7 | 0.6 | 4.1 | 8.7 | 7.6 | 3549.6 | 49.7 | 714.5 | 23.7 | 0.8 | 32.8 |
Quarterly
Annual
Balance Sheet
Ratios
Cash Flow
Divine Hira Jewellers annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
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| Indicator | Graph | CAGR 3 Yrs | Mar '26 | Mar '25 | Mar '24 | Mar '23 | Mar '22 |
|---|---|---|---|---|---|---|---|
91.9% | 884 | 359 | 183.4 | 125 | 142.4 | ||
Operating Exp. Ann. | 92.1% | 872.9 | 350 | 179.9 | 123.2 | 140.8 | |
Operating Profit Ann. | 85.8% | 10.9 | 8.8 | 3.3 | 1.7 | 1.6 | |
OPM Ann. % | -4% | 1.24% | 2.45% | 1.81% | 1.40% | 1.14% | |
91.8% | 874.5 | 351.5 | 181.4 | 123.9 | 142 | ||
EBITDA Ann. | 83.4% | 11.1 | 9 | 3.5 | 1.8 | 1.6 | |
EBITDA Ann. margin % | -3.7% | 1.25% | 2.50% | 1.89% | 1.40% | 1.14% | |
Interest Ann. | 28.9% | 1.5 | 1.5 | 1.5 | 0.7 | 1.2 | |
Depr. | - | 0.1 | 0.1 | 0 | 0 | 0 | |
PBT Ann. | 111.8% | 9.5 | 7.4 | 2 | 1 | 0.4 | |
Tax Ann. | 100% | 2.4 | 1.9 | 0.5 | 0.3 | 0.1 | |
107% | 7.1 | 5.6 | 1.5 | 0.8 | 0.3 | ||
Net Profit Ann. | 107% | 7.1 | 5.6 | 1.5 | 0.8 | 0.3 | |
NPM Ann. % | 9.5% | 0.80% | 1.54% | 0.80% | 0.61% | 0.20% | |
EPS Adj. latest Ann. | 108% | 1.8 | 1.4 | 0.4 | 0.2 | 0.1 |
*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
146.2%
2Y CAGR
119.5%
3Y CAGR
91.9%
Net Profit Ann.
1Y CHG
26.8%
2Y CAGR
117.6%
3Y CAGR
107%
Operating Exp. Ann.
1Y CHG
149.4%
2Y CAGR
120.3%
3Y CAGR
92.1%
Divine Hira Jewellers INFORMATION ON IPO ISSUE
About Divine Hira Jewellers
Divine Hira Jewellers was incorporated on July 19, 2022. The company designs and markets gold jewellery, primarily dealing in 22-karat gold with diverse designs tailored to regional preferences. The company wholesales gold jewellery, silver articles, bullions, and coins in Mumbai, Maharashtra, and has recently introduced antique gold jewellery.
Object of the Issue
- Prepayment or repayment of certain loans availed by the company
- Funding of working capital requirements of the company
- General corporate purposes
Divine Hira Jewellers - PROMOTERS
| Name |
|---|
| Hirachand Pukhraj Gulecha |
| Niraj Hirachand Gulecha |
| Khushbu Niraj Gulecha |
Divine Hira Jewellers Lead Manager to the Issue
Horizon Management Private Limited
smeipo@horizon.net.co
Divine Hira Jewellers Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Divine Hira Jewellers Strengths
Diversified product portfolio
The company offers a diverse jewellery portfolio, including traditional, Indo-Western, and modern designs. Their range includes necklaces, mangalsutras, chains, malas, rings, pendants, bracelets, bangles, kadas, coins, and wedding jewellery. They also provide customized designs for weddings and special orders
Strength
Quality
The company follows stringent two-stage quality control procedures to ensure product quality and purity. Jewellery is inspected for defects, polishing, and finishing inconsistencies, tested for purity using gold testing machines, and hallmarked by third-party agencies
Strength
Hallmarking & unique identification
The company hallmarks each jewelry piece and assigns a unique HU ID number to ensure authenticity, traceability, and quality assurance. This system reinforces customer confidence in the purity and origin of their jewelry, maintaining high standards of trust and transparency
Strength
Divine Hira Jewellers Risks
Copyright risks
The company does not register its jewellery designs under the Designs Act, 2000, posing a risk of design duplication by competitors and potential litigation for copyright infringement
Risk
Demand
The company's products are influenced by rapid and unpredictable fashion trends and consumer preferences. Failure to anticipate and respond to these changes may impact business prospects, operations, and financial performance
Risk
Competition
India's jewellery trading industry is divided between organized and unorganized sectors. Failure to maintain or improve market position, along with aggressive competition, may temporarily impact financial performance
Risk
IPO FAQs
The promoters of the company are Hirachand Pukhraj Gulecha, Niraj Hirachand Gulecha and Khushbu Niraj Gulecha.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 90.0 - 90.0.
The IPO application opens on Mar 17, 2025 and closes on Mar 19, 2025.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 144,000.0, the maximum value for this IPO is Rs 144,000.0.
This IPO will be allotted on Mar 20, 2025.
The refund will be credited to your account on Mar 21, 2025.
The allotted shares will be credited to your demat on Mar 21, 2025.
Divine Hira Jewellers Ltd.’s shares listed on the stock exchanges on Mar 24, 2025.