Divine Hira Jewellers Limited is launching an IPO worth ₹31.84 crores, consisting entirely of a fresh issue of 35.38 lakh shares. The IPO subscription window is open from March 17, 2025, to March 19, 2025, with an allotment date scheduled for March 20, 2025. The shares are expected to be listed on NSE SME on March 24, 2025.

IPO Pricing & Lot Size

The IPO is a fixed price issue set at ₹90 per share. Investors must apply for a minimum lot size of 1,600 shares, requiring an investment of ₹1,44,000. For high-net-worth individuals (HNIs), the minimum application is 2 lots (3,200 shares), amounting to ₹2,88,000.

Lead Managers & Market Makers

Horizon Management Private Limited is the book-running lead manager, and Bigshare Services Pvt Ltd is the registrar. The market maker for this IPO is Giriraj Stock Broking Private Limited.

About Divine Hira Jewellers Limited

Incorporated in July 2022, Divine Hira Jewellers Limited specializes in 22 Karat gold jewelry design and marketing. The company primarily supplies to wholesalers, showrooms, and retailers, offering a diverse collection that blends traditional craftsmanship with contemporary styles.

Their product range includes:

Necklaces, chains, and malas
Bangles, kadas, and bracelets
Mangalsutras and wedding jewelry
Rings, pendants, coins, and silver articles

Operating from Mumbai, Maharashtra, the company has built a strong regional presence with a dedicated in-house design team and skilled artisans.

Competitive Strengths

Strong market presence among wholesalers and retailers.
Diverse product portfolio with traditional and modern jewelry designs.
Experienced artisans & designers creating unique, region-specific collections.
Well-established wholesale network, ensuring steady sales growth.

The IPO aims to fuel business expansion, increase production capacity, and strengthen distribution channels. Investors looking for exposure in the gold jewelry sector may find this offering worth considering.