Is Divine Hira Jewellers Ltd IPO Halal and Shariah Compliant? 2025

Is Divine Hira Jewellers ltd IPO halal or haram? If you’re looking for a detailed Shariah compliance analysis, you’re in the right place! In this article, we break down whether the Divine Hira Jewellers ltd IPO meets Shariah screening guidelines or not.

Is Divine Hira Jewellers Ltd IPO Halal or Not?

The Divine Hira Jewellers Ltd IPO is considered Not halal and Non-Shariah compliant because the company fails the “Interest-Bearing Debt to Total Assets” criterion, with an interest-bearing debt ratio of 45.3%, exceeding the permissible limit of 33%.

Shariah Screening of Divine Hira Jewellers Ltd IPO

For an IPO or Stocks to be considered Halal, it must pass all the Shariah screening criteria, which include:

NOT HALAL / NON-SHARIAH COMPLAINT

Criteria	Threshold	Divine Hira Jewellers Ltd	Status
Business Activity	Must be Halal	Jewellery Business (Halal)	✅ PASS
Impermissible Income to Total Revenue	<5%	0.04%	✅ PASS
Interest-Bearing Debt to Total Assets	<33%	45.3%	❌ FAIL
illiquid Assets to Total Assets Ratio	>20%	60.91%	✅ PASS
Net Liquid Assets vs Market Capitalisation	Net liquid assets < Market capitalisation.	Compliant	✅ PASS
Non-Compliant Investments to Total Assets	<33%	Compliant	✅ PASS

Business Overview of Divine Hira Jewellers Limited

Divine Hira Jewellers Limited is engaged in the business of diamond cutting, polishing, and jewellery manufacturing. The company specializes in sourcing rough diamonds, processing them into finished diamonds, and crafting high-quality jewellery pieces. Their operations cover a wide range of jewellery, including gold, silver, and diamond-studded ornaments, catering to both domestic and international markets.

With a focus on precision and craftsmanship, Divine Hira Jewellers leverages advanced technology and skilled artisans to enhance its product quality. The company follows industry best practices and aims to expand its market presence by offering innovative designs and competitive pricing.

As the jewellery industry continues to grow, Divine Hira Jewellers seeks to strengthen its position by maintaining strong supplier relationships, improving operational efficiency, and tapping into emerging consumer trends. Their IPO aims to raise capital for business expansion, working capital needs, and overall growth in the highly competitive jewellery sector.

Also Read : Is PDP Shipping & Projects Ltd IPO Halal and Shariah Compliant? 2025

Listing Details of Divine Hira Jewellers Ltd IPO

IPO Opening Date	Mon, March 17, 2025
IPO Closing Date	Wed, March 19, 2025
Expected Allotment Date	Thur, March 20, 2025
Refund Initiation	Fri, March 21, 2025
Shares Credited to Demat	Fri, March 21, 2025
Expected Listing Date	Mon, March 24, 2025
UPI Mandate Confirmation Deadline	5 PM on March 19, 2025

Divine Hire Jewellers Ltd Financial Information (Restated)

Category	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 & Surplus	₹9.51 Cr	₹7.32 Cr	₹7.32 Cr	–
Total Borrowing	₹12.93 Cr	₹18.61 Cr	₹14.05 Cr	₹16.54 Cr

Conclusion

Based on the Shariah screening Standard and the most recent financial report, Divine Hira Jewellers Ltd IPO is Considered Not Halal and Non-Shariah compliant due to its high reliance on interest-based debt.

However, investors should conduct their own due diligence and review the company’s financials periodically for any changes in compliance.

Disclaimer: The information on Halalfinance.co.in is for educational and informational purposes only and not financial advice. We are not liable for any investment decisions you make; always consult a financial advisor before investing.