Mumbai, March 24 -- The scrip was listed at 90, matching the initial public offer (IPO) price. The stock was currently trading at its lower limit of 5% over its listing price.

The counter hit a high of Rs 90 and a low of Rs 85.50. About 1.81 lakh shares of the company changed hands at the counter.

Divine Hira Jewellers' IPO was subscribed 3.76 times. The issue opened for bidding on 17 March 2025, and it closed on 19 March 2025. The price of the IPO was set at Rs 90 per share.

The IPO comprised a fresh issue of 35,37,600 shares. The promoter and promoter shareholding diluted to 72.70% from 99.74% pre-IPO.

The company intends to utilize the net fresh issue proceeds for prepayment or repayment of all or a portion of certain availed by th...