The initial public offering of Divine Hira Jewellers Ltd. was booked close to 4 times on its third and last day of bidding. According to Chittorgarh, the Rs 31.84-crore SME IPO received bids for 1,31,96,800 shares against 33,60,001 on offer.
Non-institutional investors subscribed 1.2 times the offer, while the Retail Individual Investors (RIIs) portion was subscribed 6.62 times.
The SME IPO of Divine Hira Jewellers was fully subscribed on Day 2 and was booked close to 70% on Day 1.
The allotment for the Divine Hira Jewellers IPO will be finalised on Thursday, March 20 and the company will list on Monday, March 24.
The Mumbai-based company specialises in designing and marketing premium 22-karat gold jewellery. It supplies its products to wholesalers, retailers and showrooms.
Horizon Management Private Ltd. is the book-running lead manager of the Divine Hira Jewellers IPO. Bigshare Services Pvt Ltd is the registrar and Giriraj Stock Broking Private Ltd. is the market maker for the IPO.
Investors can check the Divine Hira Jewellers IPO allotment status on Bigshare Services and the NSE website by following the step-by-step guide provided below.
How To Check Divine Hira Jewellers IPO Allotment Status On Bigshare Services and NSE website?
Steps to check Divine Hira Jewellers IPO allotment status on NSE:
Visit the IPO allotment page on the NSE website here: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
Select 'Equity & SME IPO bid details'.
Select the company symbol 'DIVINEHIRA' in the dropdown list.
Enter PAN details and Application Number.
Click on the Submit button to verify your share allotment status.
Steps to check Divine Hira Jewellers IPO allotment status on Bigshare Services:
Visit the IPO allotment page on the Bigshare Services website here: https://www.bigshareonline.com/ipo_allotment.html
Select any one server to check your IPO Allotment Status.
Select the company name 'Divine Hira Jewellers Limited' from the dropdown list on the IPO allotment status page.
Enter the investor PAN Number or Application/CAF Number or DP/Client ID.
Fill in the captcha details.
Click on the Search button to verify your share allotment status.
Divine Hira Jewellers IPO GMP Today
As per InvestorGain, the latest GMP for Divine Hira Jewellers IPO stood at Rs 7 as of 8:54 a.m. on March 20. Shares of Divine Hira Jewellers are likely to list at a premium of 7.78% at Rs 97 each if the current GMP trends are sustained.
The grey market premium of Divine Hira Jewellers has declined since the SME issue opened for subscription. The GMP was as high as Rs 32 on March 17 before declining to Rs. 7 when the IPO closed for bidding.
Note: GMP does not represent official data and is based on speculation.
Use Of Proceeds
The company will use net proceeds from the IPO to fund working capital requirements, repay borrowings, and carry out general corporate purposes.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read red herring prospectus thoroughly before placing bids.
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