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DIVINEHIRA IPO

Divine Hira Jewellers Limited

IPO Doc

Start Date17-03-2025

Application Timing10am-5pm

Price Range₹90 - ₹90

Min Qty1600

Min. Investment₹144000

Listing DateNA

Close Date19-03-2025

About Divine Hira Jewellers Limited

Divine Hira Jewellers Limited was founded in July 2022. The company specializes in the design and marketing of premium 22-carat gold jewelry.

The company provides attractive gold jewelry to wholesalers, showrooms, and retailers. Its jewelry has a unique combination of traditional artistry and modern design.

The range of their products includes necklaces, mangalsutras, chains, garlands, rings, pendants, bracelets, kadas, coins, and special wedding jewelry. The company focuses on local designs so that customers can get jewelry according to their regional preferences.

The company, based in Mumbai, Maharashtra, is a wholesaler of gold jewelry, silver products, bullion, and coins.

As of October 31, 2024, the company had a total of 9 employees working in various departments.

Why To Invest in Divine Hira Jewellers Limited

Financial Table

Year	30 Sep 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	28.54 Cr	28.97 Cr	23.26 Cr	19.78 Cr
Revenue	136.03 Cr	183.41 Cr	246.45 Cr	142.4 Cr
Profit After Tax	2.5 Cr	1.48 Cr	0.91 Cr	0.28 Cr
Net Worth	12.3 Cr	9.8 Cr	8.32 Cr	3 Cr
Reserves and Surplus	9.51 Cr	7.32 Cr	7.32 Cr	N/A
Total Borrowing	12.93 Cr	18.61 Cr	14.05 Cr	16.54 Cr

Strengths And Risks

Consistent Growth in Assets: The company's assets have seen a consistent growth over the last three years. It has increased from ?19.78 crores as on 31 March 2022 to ?28.97 crores as on 31 March 2024. This growth reflects the expansion, investment and financial stability of the company. It indicates that the company is constantly building resources to strengthen its business.

Significant Revenue Growth: The company's revenue has increased from ?142.4 crores as on 31 March 2022 to ?183.41 crores as on 31 March 2024. However, the revenue was ?246.45 crores as on 31 March 2023, which has decreased slightly in 2024, but the increase in revenue overall reflects the company's strong position in the market and trust among customers.

Improvement in Profitability: Profit After Tax (PAT) has improved significantly in the last three years. PAT was ?0.28 crores as on 31 March 2022, which has increased to ?1.48 crores as on 31 March 2024. This reflects the improvement in the profitability and efficiency of the company.

Strong Net Worth Growth: The company's net worth has increased from ?3 crores as on 31 March 2022 to ?9.8 crores as on 31 March 2024. This reflects the company's financial stability and value creation for shareholders.

Stability in Reserves and Surplus: Reserves and Surplus have remained stable at ?7.32 crores over the last two years. This reflects the company's stability in financial planning and management of resources

Strong Performance in ROE and ROCE: The company's ROE (Return on Equity) is 16.36% and ROCE (Return on Capital Employed) is 13.54%. This shows that the company is giving good returns on its equity and capital, which is attractive to investors. Opportunities in Jewelry Sector: The jewelry sector in India is a traditional and rapidly growing industry. Divine Hira Jewellers can benefit from strong brand image and customer trust in this sector.

High Debt Levels: The total debt of the company is ?18.61 crore as on 31 March 2024, which is higher than in previous years. This can cause financial pressure for the company. Due to high debt, the responsibility of paying interest and repaying the debt can affect the cash flow of the company.

Low PAT Margin : The profit margin after tax (PAT Margin) is only 0.81%, which limits the profitability of the company. This shows that the company needs to improve its cost management and efficiency.

Revenue Fluctuations: Fluctuations have been observed in revenue. It has fallen from ? 246.45 crores on 31 March 2023 to ? 183.41 crores on 31 March 2024. This reflects the instability in the company's earnings and creates uncertainty about future revenue growth.

Debt/Equity Ratio: The company's debt-to-equity ratio is 1.90, which reflects the high debt burden on the company. This ratio being high raises questions about the financial stability of the company and may increase financial risk in the future.

Impact of Economic Slowdown: An economic slowdown or rising inflation may affect the demand for luxury items like jewellery. This can have a negative impact on the company's revenue and profit.

Fluctuation in Raw Material Prices: Gold, silver and other precious metals are required to make jewellery. Fluctuations in the prices of these raw materials can affect the company's costs and margins.

Regulatory Risks: There may be changes in government rules and taxation in the jewellery sector. These changes may affect the company's business.

FAQs

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Company

Astha Credit & Securities Pvt Ltd NSE, BSE & MCX SEBI Reg No:

INZ000187932

Membership ID:

NSE - 12227 BSE-6844 MCX - 40000 NSDL-IN303420 CDSL-94500

CIN:

U65929MP2003PTC016241

SEBI Depository Participant Reg No:

IN-DP-611-2021

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0755-4268599

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gyanesh@rupeezy.in
9669695615

SEBI RA Registration:

INH000013332

AMFI Registration:

ARN-35911

Attention Investors:

Beware of fixed/guaranteed/regular returns/ capital protection schemes. Brokers or their authorized persons or any of their associates are not authorized to offer fixed/guaranteed/regular returns/ capital protection on your investment or authorized to enter into any loan agreement with you to pay interest on the funds offered by you. Please note that in case of default of a member claim for funds or securities given to the broker under any arrangement/ agreement of indicative return will not be accepted by the relevant Committee of the Exchange as per the approved norms.
Do not keep funds idle with the Stock Broker. Please note that your stock broker has to return the credit balance lying with them, within three working days in case you have not done any transaction within last 30 calendar days. Please note that in case of default of a Member, claim for funds and securities, without any transaction on the exchange will not be accepted by the relevant Committee of the Exchange as per the approved norms.
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Trading in leveraged products like options without proper understanding could lead to losses. Please trade at your own risk.
Writing/ selling options or trading in option strategies based on tips, without basic knowledge & understanding of the product and its risks could lead to losses.
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Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020
Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge
Pay 20% upfront margin of the transaction value to trade in cash market segment
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All investors are requested to take note that 6 KYC attributes i.e. Name, PAN, Address, Mobile Number, Email id and Income Range have been made mandatory. Investors availing custodian services will be additionally required to update the custodian details.
The last date to update KYC is on or before March 31, 2022.
Thereafter non-compliant trading accounts will be blocked for trading by the Exchange.
The non-compliant demat accounts will be frozen for debits by Depository Participant or Depository.
On submission of the necessary information to the stockbroker and updation of the same by the stockbroker in the Exchange systems and approval by the Exchange, the blocked trading accounts shall be unblocked by the Exchange on T+1 trading day.
The demat account shall be unfreezed once the investor submits the deficient KYC details and the same is captured by the depository participant in the depository system.
To ensure smooth settlement of trades, the investors are requested to ensure that both the trading and demat accounts are compliant with respect to the KYC requirement.
The investors are hereby requested to comply with the regulatory guidelines issued by Exchanges and Depositories from time to time with regard to KYC compliance and related requirements.
We do proprietary trading

Client Bank Account Details:

Sr. No	Name of Bank Account	Bank Account Number	IFSC Code
1	ASTHA CREDIT AND SECURITIES P LTD - USCNBA A/c	00620340000150	HDFC0000062

*Investors are requested to note that Stock broker Astha Credit and Securities Private Limited is permitted to receive/pay money from/to investor through designated bank accounts only named as client bank accounts. Stock broker Astha Credit and Securities Private Limited is also required to disclose these client bank accounts to Stock Exchange. Hence, you are requested to use following client bank accounts only for the purpose of dealings in your trading account with us. The details of these client bank accounts are also displayed by Stock Exchanges on their website under “Know/ Locate your Stock Broker.

1. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorize your bank to make payment in case of allotment. No worries for refund as the money remains in the investor's account. 2. KYC is a one-time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund, etc.), you need not undergo the same process again when you approach another intermediary.

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Investment in the securities market is subject to market risks, read all the related documents carefully before investing.
Brokerage will not exceed SEBI prescribed limit.
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Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL/CDSL on the same day......................issued in the interest of investors. We do Pro trading.

Client registration documents in Vernacular languages: Get Documents

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DIVINEHIRA IPO

About Divine Hira Jewellers Limited

Why To Invest in Divine Hira Jewellers Limited