They can also check the allotment status on the NSE website as well as registrar Bigshare Services Pvt Ltd’s portal; unlisted shares of Divine Hira Jewellers Ltd are currently trading at Rs 97 apiece, which is 7.78% GMP.
Divine Hira Jewellers IPO Allotment: As the Divine Hira Jewellers IPO has been closed with an overall subscription of 3.93 times, its allotment is set to be finalised on Thursday, in the evening. Once alloted, investors will start receiving bank debit messages. They can also check the allotment status on the NSE website as well as registrar Bigshare Services Pvt Ltd’s portal.
The Rs 31.84-crore NSE SME IPO of Divine Hira Jewellers Ltd received 3.93 times subscription on the final day of bidding, garnering bids for 1,31,96,800 shares as against 33,60,001 shares on offer.
The retail category received 6.62 times subscription, while the NII has got a 1.2 times subscription.
The price of the IPO was fixed at Rs 90 apiece.
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Divine Hira Jewellers IPO: How To Check Allotment Status?
Once alloted, investors can check the allotment status by following these steps:
1) Go to the official NSE website via the URL — https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids.
2) Select ‘Equity & SME IPO bid details’.
3) Under ‘Select Symbol’, select ‘Divine Hira Jewellers Ltd’ by the symbol ‘DIVINEHIRA’ in the dropbox.
4) Enter your application number, or the Permanent Account Number (PAN).
5) Then, click on the ‘Submit’ button.
Your share application status will appear on your screen.
You can also visit directly on the registrar Bigshare Services Pvt Ltd’s portal — https://ipo.bigshareonline.com/ipo_status.html and check the Divine Hira Jewellers IPO allotment status.
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Divine Hira Jewellers IPO GMP Today
According to market observers, unlisted shares of Divine Hira Jewellers Ltd are currently trading at Rs 97 apiece, which is 7.78 per cent premium (GMP) over the issue price of Rs 90. The IPO listing will take place on March 24 on the NSE SME platform.
Importantly, the GMP has consitently fallen since Day 1 of the IPO as it has declined from Rs 32 on Monday to Rs 7 now.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
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Divine Hira Jewellers IPO: More Details
The Divine Hira Jewellers IPO, which is a fixed price issue of Rs 31.84 crore, is entirely a fresh issue of 35.38 lakh shares.
The minimum lot size for an application is 1,600. The minimum amount of investment required by retail investors is Rs 1,44,000. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to Rs 2,88,000.
Horizon Management Private Limited is the book-running lead manager of the Divine Hira Jewellers IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Divine Hira Jewellers IPO is Giriraj Stock Broking Private Limited.
Incorporated in July 2022 Divine Hira Jewellers Limited specialises in designing and marketing premium 22 Karat gold jewellery. The company caters to wholesalers, showrooms, and retailers with a diverse range of gold jewellery that combines traditional artistry with modern elegance.
