58  Total SME IPOs listed in 2025

2,593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

Divine Hira Jewellers Limited IPO Analysis

Divine Hira Jewellers IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in Mumbai and caters to Jewellery sector. Horizon Management Private is the merchant banker of Divine Hira Jewellers IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 5th August 2024.

Divine Hira Jewellers IPO posted revenues of Rs 271.96 crores and PAT of Rs 5.00 crores in FY25 on annualised basis.

Nature of IPO : SME
Exchange : NSE EMERGE
IPO Type : Fixed Price

Divine Hira IPO Financial Performance (Restated)

Financial results of Divine Hira Jewellers IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials
30-Sep-24
FY24
FY23
FY22
Balance Sheet
Assets
28.54
28.97
23.26
19.78

Net Worth
12.30
9.80
8.32
3.00

Total Debt
12.93
18.61
14.05
16.54

Profit & Loss
Revenue
Revenue on annualised basis
135.98
271.96
183.26
246.40
142.40

EBITDA
EBITDA on annualised basis
4.93
9.86
5.06
0.85
1.62

PAT
PAT on annualised basis
2.50
5.00
1.48
0.91
0.29

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Divine Hira IPO Key performance Indicators (KPI)

Divine Hira Jewellers IPO PAT Margin is 1.84%, ROCE (Return on Capital Employed) is 15.13% as per latest financial. The below table shows Divine Hira Jewellers IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars
30-Sep-24
FY24
FY23
FY22

EBITDA Margin (%)
3.63
2.76
0.34
1.14

PAT Margin (%)
1.84
0.81
0.37
0.20

EPS (Rs.)
2.63
1.56
0.96
0.96

ROE (%)
20.33
15.10
10.94
9.67

ROCE (%)
15.13
13.54
8.34
8.18

ROA (%)
8.76
5.11
3.91
1.47

Debt to Equity (x)  
1.05
1.90
1.69
5.51

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Divine Hira Jewellers IPO Valuation Metrics

The market Capitalisation of Divine Hira Jewellers IPO is Rs 117.42 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (Rs. Cr.):
117.42

Enterprise Value (EV) (Rs. Cr.):
127.88

EV/EBITDA (times) :
12.97

PE Multiple (times) :
23.50

P/B (times) :
2.66

NAV (Rs.) :
12.93

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Divine Hira prospectus?

The Divine Hira Jewellers IPO prospectus highlights an Return on Equity (ROE) of 15%, Return on Assets (ROA) of 12%, and an EBITDA Margin of 18%, showcasing financial performance.

How do profitability ratios impact the evaluation of Divine Hira IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Divine Hira Jewellers IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Divine Hira IPO ?

The post-IPO market capitalisation of Divine Hira Jewellers IPO is ₹117.42 Cr, based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Divine Hira IPO?

The Divine Hira Jewellers IPO has a Price-to-Earnings (PE) ratio of 23.50 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Divine Hira Jewellers IPO?

Divine Hira Jewellers IPO reported revenue of ₹271.96 Cr in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Divine Hira Jewellers IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Divine Hira Jewellers IPO?

Divine Hira Jewellers recorded an EBITDA of ₹ 9.86 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Divine Hira Jewellers IPO?

Divine Hira Jewellers Profit After Tax (PAT) is ₹5.00 Cr, reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 271.96 Cr.
            EBITDA: ₹ 9.86 Cr.
            PAT: ₹ 5.00 Cr.
  • EBITDA Margin: 3.63 %
            Pat Margin: 1.84%
  • Net Worth: ₹ 12.30 Cr.
  • Market Capitalisation: ₹ 117.42 Cr.
  • P/E: 23.50 times
  • P/BV: 2.66 times
  • EV/EBITDA: 12.97 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Divine Hira Jewellers operates in Jewellery and Caters To Wholesalers, Showrooms, And Retailers With A Diverse Range Of Gold Jewelry. The Issue is listed on NSE EMERGE in Mar, 2025. Divine Hira Jewellers IPO size was 31.84 with Issue price of 90.00 .

Divine Hira Jewellers IPO subscription was 3.93 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Divine Hira Jewellers IPO listed at a listing price of 85.50 against the offer price of 90.00.

The current market price of Divine Hira Jewellers is 55.60.

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