Divine Hira Jewellers IPO - Day 3 Subscription at 2.38 Times

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:

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

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 specializes in premium 22K gold jewellery design and marketing to wholesalers and retailers across Mumbai. Their diverse portfolio includes necklaces, chains, rings, and wedding collections, with designs tailored to regional preferences.

Financial performance shows revenue fluctuations from ₹142.40 crores (FY2022) to ₹246.45 crores (FY2023), settling at ₹183.41 crores (FY2024). Despite this, profit after tax has grown consistently from ₹0.28 crores to ₹1.48 crores. Recent data for H1 FY2025 shows ₹136.03 crores revenue and ₹2.50 crores PAT, with strong ROE (16.36%) and ROCE (13.54%).

Their competitive edge stems from established brand presence, extensive product range, and skilled in-house design team.
 

Highlights of the Divine Hira Jewellers IPO:

• IPO type: Fixed Price Issue SME IPO
• IPO size: ₹31.84 crores
• Fresh Issue: 35.38 lakh shares
• Face value: ₹10 per share
• Issue price: ₹90 per share
• Lot size: 1,600 shares
• Minimum investment for retail investors: ₹1,44,000
• Minimum investment for HNI: ₹2,88,000 (2 lots)
• Market maker reservation: 1,77,600 shares
• Listing at: NSE SME