International Gemmological Institute (India) IPO Review - Issue Date, Price, GMP, Subscription, Allotment, Lot Size, and Details

International Gemmological Institute (India) Limited IPO GMP

International Gemmological Institute (India) is Serving the industry with diamond, gem and jewelry grading, education and appraisals since 1975. IGI is the world’s second largest independent certification and accreditation services provider based on revenue for CY2023 among global peers for diamonds, studded jewelry and colored stones certifications, with a global market share of approximately 33%, based on the number of certifications of diamonds, studded jewelry and colored stones performed in CY2023.

International Gemmological Institute (India), an Book Built Issue amounting to ₹4,225.00 Crores, consisting an Fresh Issue of 353.71 Lakh Shares worth ₹1,475.00 Crores and an Offer for Sale of 659.47 Lakh Shares totalling to ₹2,750.00 Crores. The subscription period for the International Gemmological Institute (India) IPO opens on December 13, 2024, and closes on December 17, 2024. The allotment is expected to be finalized on or about Wednesday, December 18, 2024, and the shares will be listed on the BSE & NSE with a tentative listing date set on or about Friday, December 20, 2024.

 

 

 

 

 

 

 

 

The Share price band of International Gemmological Institute (India) IPO is set at ₹397 to ₹417 per equity share. The Market Capitalisation of the International Gemmological Institute (India) Limited at IPO price of ₹417 per equity share will be ₹18,020.85 Crores. The lot size of the IPO is 35 shares. Retail investors are required to invest a minimum of ₹14,595, while the minimum investment for High-Net-Worth Individuals (HNIs) is 14 lots (490 shares), amounting to ₹2,04,330.

Axis Capital Limited, Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited and SBI Capital Markets Limited are the book-running lead manager while KFin Technologies Limited is the registrar for the Issue. 

 

International Gemmological Institute (India) Limited IPO GMP Today
The Grey Market Premium of International Gemmological Institute (India) Limited IPO is expected to be ₹85 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

International Gemmological Institute (India) Limited Day Wise IPO GMP Trend 

Date IPO Price Expected Listing Price GMP Last Updated 
13 December 2024 ₹ 417 ₹ 502 ₹ 85 (20.28%) 05:30 PM; 13 Dec 2024
12 December 2024 ₹ 417 ₹ 502 ₹ 85 (20.28%) 03:57 PM; 12 Dec 2024

International Gemmological Institute (India) Limited IPO Live Subscription Status Today: Real-Time Updates
As of 07:00 PM on 17 December 2024, the International Gemmological Institute (India) IPO live subscription status shows that the IPO subscribed 33.78 times on its Final day of subscription periodCheck the International Gemmological Institute (India) IPO Live Subscription Status Today at BSE.

International Gemmological Institute (India) IPO Anchor Investors Report
International Gemmological Institute (India) has raised ₹1,900.35 Crores from Anchor Investors at a price of ₹417 per shares in consultation of the Book Running Lead Managers. The company allocated 4,55,71,942 equity shares to the Anchor Investors. 
Check Full List of 
International Gemmological Institute (India) Anchor Investor List.

Note:- Equity Shares allotted to Anchor Investors (if any) are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band in case of Book Building Issue, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion.

International Gemmological Institute (India) Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
International Gemmological Institute (India) IPO allotment date is 18 December, 2024, Wednesday. International Gemmological Institute (India) IPO Allotment will be out on 18th December 2024 and will be live on Registrar Website from the allotment date. Check International Gemmological Institute (India) IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select International Gemmological Institute (India) Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

 

Objectives of International Gemmological Institute (India) Limited IPO
International Gemmological Institute (India) Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
(a) 14,750.00 Million is required for Payment of the purchase consideration for the acquisition of IGI Belgium Group and IGI Netherlands Group from their Promoter; and
(b) General corporate purposes.


Refer to International Gemmological Institute (India) Limited RHP for more details about the Company.

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