Key Red Flag: The Company has reported inconsistent revenue over the past few Financial Years.

Question 1 : What is the overview of the Company ?

Divine Hira Jewellers Limited specializes in the design and marketing of premium 22 Karat gold jewelry. Based in Mumbai’s Zaveri Bazar, the company caters to wholesalers, showrooms, and retailers, offering a diverse range of gold jewelry that blends traditional artistry with modern elegance.

Their product portfolio includes necklaces, mangalsutras, chains, malas, rings, pendants, bracelets, bangles, kadas, coins, and wedding jewelry. They emphasize localized product designs to resonate with regional tastes and cultural nuances. Recently, they have expanded their offerings to include antique gold jewelry, combining historical craftsmanship with contemporary styles.

While Divine Hira Jewellers does not own manufacturing facilities, they collaborate with skilled artisans and in-house designers to produce handcrafted jewelry. They source gold from reputable bullion dealers and importers, ensuring quality and authenticity in their products.

The company’s leadership comprises experienced professionals, including Managing Director and Chairman Hirachand P. Gulecha, who has over 30 years of industry experience, and Whole-Time Director Niraj H. Gulecha, with over a decade in the gold and jewelry business.

In summary, Divine Hira Jewellers Limited focuses on delivering high-quality 22 Karat gold jewelry, combining traditional designs with modern aesthetics, and catering to a wide range of customer preferences across various regions.

Product wise Revenue Bifurcation:

Client wise Revenue Bifurcation :

Geography wise Revenue Bifurcation

Question 2 : Who are the promoters of the company ?

Mr. Hirachand P. Gulecha: Serving as the Managing Director and Chairman, he brings over 30 years of industry experience. He has been involved in every aspect of the gold manufacturing business, from its inception to its flourishing growth. His hands-on approach has driven the expansion of operations, and his keen eye for product quality ensures that only the finest items reach customers. He stays abreast of market trends, enabling the company to adapt and thrive in a dynamic industry landscape.

Mr. Niraj H. Gulecha: As the Whole-Time Director, he possesses over two decades of expertise in gold manufacturing and ornamentation. He has overseen a dedicated team of 10 individuals as a business owner, honing his insight into emerging market trends and effectively anticipating consumer demands. His familiarity with local and neighboring areas, coupled with involvement in a robust networking team, provides invaluable insights for business expansion and development.

Ms Khushbu Niraj Gu.lecha is the Non- Executive Director of the Company. She has passed the degree examination held for bachelor’s degree in commerce from University of Mumbai. She was associated with Hira Traders in the capacity of jewellery designer and has more than 5 years of experience in Jewellery designing.

Question 3: How company performed in the past ?

Question 4: How much money is the Company raising and why ?

In the IPO, the company is offering 35.37 Lakh shares, priced at INR 90 per share, aggregating to total of INR 31.84 Cr,

with a lot size of 1600 shares. For the purpose of:

Prepayment of repayment of borrowings- INR 3 Cr.

Meeting working capital requirements – INR 19 Cr.

General Corporate purposes- INR 6.19 Cr.

Question 5: Valuation of the company and comparison with other companies ?

Divine Hira Jewellers Offer Lead registrar

BIGSHARE SERVICES PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: [email protected]
Website: www.linkintime.co.in

Divine Hira Jewellers Offer Lead Manager

HORIZON MANAGEMENT PRIVATE LIMITED
19 R N Mukherjee Road, Main Building, 2nd Floor,
Kolkata- 700 001, West Bengal, India
Phone: +91 33 4600 0607
Email: [email protected]
Website: www.horizonmanagement.in

Divine Hira Jewellers Issue Contact Details

DIVINE HIRA JEWELLERS LIMITED
Office No. S6-2, 6th floor, Pinnacle Business Park,
Andheri, Mumbai – 400 093, Maharashtra, India.
Phone: +91 226 263 8200
Website: www.bigshareonline.com

FAQS

What is the issue size of Divine Hira Jewellers Ltd IPO?

The issue size of Divine Hira Jewellers Ltd is ₹31.84 Cr.

What is the industry of Divine Hira Jewellers Ltd?

Divine Hira Jewellers Ltd falls into Fashion Accessories industry.

What are the open and close dates for the Divine Hira Jewellers Ltd IPO?

The open and close dates for the Divine Hira Jewellers Ltd are 17-Mar-2025 & 19-Mar-2025.

What are the price band for Divine Hira Jewellers Ltd IPO?

The price band for the Divine Hira Jewellers Ltd ipo is ₹90

What is the purpose for the Divine Hira Jewellers Ltd IPO?

The purpose of this IPO is to raise fresh capital.

What are the key financials for the Divine Hira Jewellers Ltd IPO?

Key financial of the Divine Hira Jewellers Ltd are: