Divine Hira Jewellers IPO Subscription Status

Categories: Markets

March 19, 2025

Divine Hira Jewellers’ initial public offering (IPO) has shown strong progress through its three-day subscription period. The ₹31.84 crore IPO has witnessed robust growth in demand, with subscription rates advancing from 0.69 times on day one, improving to 1.88 times on day two, and reaching 2.38 times by 11:29 AM on the final day, demonstrating significant investor interest in this premium 22 Karat gold jewellery wholesaler that specializes in designing and marketing products to wholesalers, showrooms, and retailers.

Retail segment of Divine Hira Jewellers IPO leads with an impressive 4.08 times subscription, demonstrating exceptional individual investor confidence in this gold jewellery company that offers a diverse range of products including necklaces, mangalsutras, chains, malas, rings, pendents, bracelets, bangles, kadas, coins, and wedding jewellery.

Subscription Status of Divine Hira Jewellers IPO:

Date	NII	Retail	Total
Day 1 (Mar 17)	0.19	1.19	0.69
Day 2 (Mar 18)	0.49	3.27	1.88
Day 3 (Mar 19)	0.68	4.08	2.38

Here are the subscription details for Divine Hira Jewellers IPO as of Day 3 (March 19, 2025, 11:29 AM):

Investor Category	Subscription (times)	Shares Offered	Shares bid for	Total Amount (Rs Cr.)
Market Maker	1.00	1,77,600	1,77,600	1.60
Non-Institutional Buyers	0.68	16,80,000	11,47,200	10.32
Retail Investors	4.08	16,80,000	68,59,200	61.73
Total	2.38	33,60,001	80,06,400	72.06

Note:

“Shares Offered” and “Total Amount” are calculated based on the upper price of the issue price range.
The portions of anchor investors and market maker are not included in the total shares offered.

Divine Hira Jewellers IPO – Day 3 Subscription

Key Highlights:

Overall subscription reaching 2.38 times, showing strong investor enthusiasm exceeding full subscription
Retail investors showing exceptional interest at 4.08 times subscription, demonstrating robust individual investor confidence
NII segment showing moderate interest at 0.68 times, reflecting measured approach from high net-worth investors
Total applications reaching 4,556, indicating significant retail investor participation
Cumulative bid amount reaching ₹72.06 crores, exceeding the issue size by more than double
Retail segment driving overall subscription with ₹61.73 crores in bids
Final day building on the strong momentum established on previous days

Divine Hira Jewellers IPO – Day 2 Subscription at 1.88 Times

Key Highlights:

Overall subscription reaching 1.88 times, crossing full subscription milestone on second day
Retail investors showing strong enthusiasm at 3.27 times subscription, demonstrating high confidence
NII segment showing improved interest at 0.49 times from day one’s 0.19 times
Day two maintaining robust momentum building significantly on day one performance
Market response indicating particularly strong interest from retail investors
Gold jewellery business model attracting substantial attention from individual investors
Premium product portfolio highlighting brand positioning and market presence
Second day showcasing nearly tripled overall subscription rate compared to opening day

Divine Hira Jewellers IPO – Day 1 Subscription at 0.69 Times

Key Highlights:

Overall subscription opening at good 0.69 times, showing strong initial investor approach
Retail investors beginning with impressive 1.19 times subscription, already exceeding full allocation
NII segment showing initial interest at 0.19 times, indicating measured early evaluation
Opening day demonstrating robust investor engagement, particularly in retail segment
Initial momentum reflecting positive assessment of jewellery sector investment opportunity
Premium gold jewellery portfolio drawing significant interest from retail investors
First day setting strong subscription baseline for building momentum in subsequent days

About Divine Hira Jewellers Limited

Incorporated in July 2022, Divine Hira Jewellers Limited has established itself in designing and marketing premium 22 Karat gold jewellery for wholesalers, showrooms, and retailers across Mumbai, Maharashtra.

Their product portfolio encompasses a wide variety of gold jewellery including necklaces, mangalsutras, chains, malas, rings, pendants, bracelets, bangles, kadas, coins, and wedding jewellery collections. As a wholesaler of gold jewellery, silver articles, bullions, and coins, the company emphasizes localized design approaches to ensure their creations align with regional preferences, giving them a competitive edge in the market. As of October 31, 2024, the company operated with nine employees across various departments.

Their financial performance shows mixed results with revenue fluctuating from ₹142.40 crores in FY2022 to peak at ₹246.45 crores in FY2023 before moderating to ₹183.41 crores in FY2024. However, profit after tax has shown consistent growth from ₹0.28 crores in FY2022 to ₹1.48 crores in FY2024. For the six months ended September 30, 2024, the company reported revenue of ₹136.03 crores with PAT of ₹2.50 crores, showing significant improvement in profitability with financial metrics including 16.36% ROE and 13.54% ROCE.

Their competitive strengths include established brand presence that attracts both wholesalers and retailers, an extensive portfolio of premium 22 Karat gold jewellery products, skilled artisans and in-house designers creating unique region-specific designs, and strong relationship management with wholesalers, retailers, and showrooms to maintain consistent sales performance.