Divine Hira Jewellers IPO will open for subscription on March 17. The Mumbai-based gold jewellery wholesaler is targetting to raise Rs 31.81 crore through the public issue of 35.37 lakh shares. The share sale will close on March 19, followed by the finalisation of IPO share allotment by March 20. Investors can start trading in the shares of the iewellery company on the NSE Emerge platform from March 24. Gulecha family, the promoters of Divine Hira, will hold 67.4 percent stake in the company after the issue, trimming it down from 92.47 percent stake before the IPO. The funds will be utilised for repayment of debt, working capital requirements, and general corporate purposes, according to the IPO prospectus. The issue will be the second IPO from the SME segment next week, along with Paradeep Parivahan. The IPO is expected to raise around Rs 28.19 crore after deducting offer expenses.