Divine Hira Jewellers Limited is a Mumbai-based company specializing in designing and marketing gold jewelry, primarily 22 Karat gold pieces. The company operates in the competitive jewelry market with a focus on quality and customer preference. Divine Hira Jewellers IPO involves a public issue of up to 35,40,000 equity shares with a face value of ₹10 each. The company aims to utilize the proceeds for loan repayment, working capital, and general corporate purposes.
₹7
₹90
₹90.00
Expert Opinions
The market sentiment for Divine Hira Jewellers IPO is cautiously optimistic, driven by its strategic position in the jewelry market and strong product offerings. The company’s strengths include its experienced management, well-trained workforce, and a wide range of gold jewelry products, which cater to diverse customer preferences. However, risks such as intense competition in the jewelry sector and potential fluctuations in gold prices pose challenges.
In FY 2024, Divine Hira Jewellers reported a Return on Equity (ROE) of 16.36% and a Return on Capital Employed (ROCE) of 13.54%, with a Net Asset Value (NAV) of ₹10.31. From a long-term perspective, the company’s growth potential is promising due to its strong brand presence and quality control measures, but investors should remain cautious about market volatility and competitive pressures in the jewelry industry.
Investor Considerations
When considering the Divine Hira Jewellers IPO, investors should evaluate the company’s performance and fundamentals, which include a focus on designing and marketing gold jewelry. The sector outlook is promising due to increasing demand for luxury goods and jewelry in India. In FY 2024, the IPO valuation indicates an EBITDA Margin of 1.81%, a PAT Margin of 0.81%, and a Debt/Equity ratio of 1.90.
Growth prospects are enhanced by its expansion into antique gold jewelry and strategic marketing efforts. However, risks include intense competition in the jewelry sector and potential duplication of designs without legal protection. For investment, a long-term horizon is advisable to capitalize on potential growth in the luxury goods market, as short-term gains may be uncertain due to market volatility and competitive pressures.
| Date | GMP | Trend |
|---|---|---|
| 22 Mar 2025 11.17 | ₹7 | --- |
| 21 Mar 2025 10.50 | ₹7 | --- |
| 20 Mar 2025 10.53 | ₹7 | Down |
| 19 Mar 2025 10.33 | ₹15 | Up |
| 17 Mar 2025 10.24 | ₹00 | --- |
| 15 Mar 2025 11.31 | ₹00 | --- |
| 13 Mar 2025 11.33 | ₹00 | --- |
| 12 Mar 2025 10.53 | ₹00 | --- |
| 11 Mar 2025 10.46 | ₹00 | --- |
FAQs
The Grey Market Premium showed poor accuracy in predicting Divine Hira Jewellers’ listing performance. While the GMP of ₹7 predicted a positive premium of 7.78% over the issue price, the stock actually listed flat with no gains or losses. With a prediction error of 7.22%, the GMP failed to predict the flat listing, demonstrating its unreliability as a price predictor in this case.
Divine Hira Jewellers IPO Current GMP is ₹7.
Divine Hira Jewellers IPO Expected Returns is 7.78%.
Divine Hira Jewellers IPO estimated listing price is ₹97.