Divine Hire Jewellers came to market through an SME IPO that opened on 17 March 2025 and closed on 19 March 2025, and the shares listed on 24 March 2025 on NSE SME. The price band was ₹90 per share and one lot was 1600 shares, so the minimum application was ₹1,44,000. The issue size was ₹31.84 crore. The whole issue was fresh shares, so the money raised went to the company.
Bigshare Services Pvt Ltd was the registrar to the issue, and Horizon Financial Pvt Ltd was the lead manager.
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Established in July 2022 Divine Hira Jewellers Limited is engaged in designing and marketing upmarket 22 Karat gold jewelry. Divine Hira Jewellers Limited serves wholesalers, showrooms, and retailers with a wide assortment of gold jewelry blending classic craftsmanship with contemporary sophistication. Their range consists of different designs developed to suit different tastes. Products span necklaces, mangalsutras, chains, malas, rings, pendants, bracelets, bangles, kadas, coins, and wedding wear. They focus on localized design, making the creations appeal to local tastes.
The company is a gold jewellery, silver items, bullions, and coin wholesaler in Mumbai, Maharashtra. The company employed nine people in different departments as of October 31, 2024.
As described in the offer document.
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Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Divine Hire Jewellers IPO was a ₹31.84 crore fixed-price issue, made up entirely of a fresh issue. It was priced at ₹90 per share with a lot size of 1,600 shares (₹1,44,000). The IPO was open from March 17 to March 19, 2025. Shares listed on NSE SME on March 24, 2025 at ₹90, in line with the issue price of ₹90. Bigshare Services Pvt Ltd is the registrar. Horizon Financial Pvt Ltd is the book running lead manager.
The issue price of Divine Hire Jewellers IPO is ₹90 per share (fixed price).
The lot size of Divine Hire Jewellers IPO is 1600 shares.
The minimum investment for Divine Hire Jewellers IPO is approximately ₹1,44,000 based on the issue price.
The allotment date of Divine Hire Jewellers IPO is Mar 20, 2025.
You can check Divine Hire Jewellers IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Divine Hire Jewellers IPO allotment status on Rupix for quick and easy access.
₹90 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1600 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,44,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,44,000, for one lot of 1600 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 17 March 2025 and closed on 19 March 2025.
The basis of allotment was published on 20 March 2025 by Bigshare Services Pvt Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 24 March 2025 on NSE SME.
The issue size was ₹31.84 crore. The fresh issue was 35,37,600 shares (aggregating up to ₹31.84 crore).