The bidding for the Divine Hira Jewellers IPO was open from March 17, 2025, to March 19, 2025. The basis of allotment is expected to be finalized on March 20, 2025. Here’s how you can check the allotment status for this NSE SME IPO:
Check Divine Hira Jewellers IPO Allotment Status Online on NSE
- Visit the NSE application status page.
- Select “Equity” in the Issue Type.
- In Issue Name, select “Divine Hira Jewellers”.
- Enter your “Application Number” or “PAN Number”.
- Complete the CAPTCHA verification.
- Click on “Submit”.
IPO Details
Divine Hira Jewellers IPO is entirely a fresh issue of 35.38 lakh shares, with a total issue size of ₹31.84 crore. The price is set at ₹90 per share, and the tentative listing date on NSE SME is March 24, 2025.
Use of Proceeds
The IPO proceeds will be used for funding working capital requirements, repayment or pre-payment of certain borrowings, and for general corporate purposes.
Divine Hira Jewellers IPO – Overall Subscription Status
As of March 19, 2025, end of the day:
| Investor Category | Subscription (times) |
|---|---|
| Non-Institutional Investors | 1.20 |
| Retail Individual Investors | 6.62 |
| Market Maker | 1.00 |
| Total | 3.93 |
GMP (Grey Market Premium) Details
As of March 19, 2025, 5:35 PM, the GMP for Divine Hira Jewellers IPO stands at ₹7; the estimated listing price is expected to be ₹97, which is 7.78% higher than the IPO price of ₹90.
Note: The Grey Market Premium (GMP) is not an official price and is based on market speculation.
Divine Hira Jewellers Business Overview
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 includes 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 jewelry, silver articles, bullions, and coins in Mumbai, Maharashtra. As of October 31, 2024, the company had nine employees in various departments.
Competitive Strengths
- 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.
Investors are advised to check the allotment status on the given date and stay updated with official announcements for any changes.
Disclaimer: This article is for informational purposes only and should not be considered as investment advice.
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