Divine Hira Jewellers IPO: Check key dates, price band, GMP and other details

Synopsis

Divine Hira Jewellers IPO will open for subscription from March 17 to March 19, aiming to raise Rs 32 crore through fresh equity shares priced at Rs 90 each. The proceeds will be used for loan repayments, working capital, and corporate needs. The share allotment will be finalized on March 20, with shares listed on March 24.

The SME IPO of Divine Hira Jewellers is set to open for subscription from March 17 to March 19. The company plans to raise Rs 32 crore through the issuance of 35.37 lakh fresh equity shares. The shares will be listed on the NSE SME platform.

Check Divine Hira Jewellers IPO price band

The shares are priced at Rs 90 each, and investors can apply in lots of 1,600 shares. The total issue is divided equally, with 50% reserved for retail investors and the remaining 50% for other investors.

What is GMP of Divine Hira Jewellers

Divine Hira Jewellers GMP is currently zero in the unlisted market. Most of the SME IPOs this year faced NIL GMPs in the run up to the launch.

How will the IPO proceeds be used?

The proceeds from the IPO will be utilized for several purposes, including the prepayment or repayment of certain loans, meeting working capital requirements, and addressing general corporate needs.

Key dates: Allotment and listing

The share allotment process will be finalized on March 20, and the shares are expected to list on March 24. Investors should keep these dates in mind to track their applications.

Also Read: IPO Calendar: Primary market momentum picks up slightly with 4 issues scheduled this week

About Divine Hira Jewellers

Divine Hira Jewellers is a Mumbai-based company specializing in the design and sale of premium 22 Karat gold Jewellery. The company primarily serves wholesalers, showrooms, and retailers, offering a wide range of Jewellery.

Product range

The company offers an extensive collection of Jewellery, including necklaces, mangalsutras, chains, and malas. Their portfolio also features rings, pendants, bracelets, bangles, and kadas, along with gold coins and wedding Jewellery.

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