International Gemmological Institute IPO is a book-built issue with a total size of ₹4,225 crore. The offering comprises a fresh issue of ₹1,475 crore and an offer for sale worth ₹2,750 crore.
The subscription period for the International Gemmological Institute IPO opens on December 13, 2024, and closes on December 17, 2024. The allotment of shares is expected to be finalized on Wednesday, December 18, 2024, with the listing on the BSE and NSE scheduled for Friday, December 20, 2024.
The International Gemmological Institute (IGI) operates in the gemology and jewelry certification sector. They specialize in the certification and accreditation of natural diamonds, laboratory-grown diamonds, studded jewelry, and colored stones. IGI provides independent grading reports that analyze and certify the characteristics of stones using internationally recognized standards.
Details regarding the IPO’s price band are yet to be disclosed.
Axis Capital Limited, Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Pvt Ltd, and SBI Capital Markets Limited are the book-running lead managers for this IPO. Kfin Technologies Limited is the registrar for the issue.
International Gemmological Institute IPO Details:
| Company Name | International Gemmological Institute Limited |
| Sector | Gemology and Jewelry Certification |
| IPO Type | Mainboard |
| IPO Open date | 13th Dec 2024 |
| IPO Close date | 17th Dec 2024 |
| OFS | |
| Listing Exchanges | NSE, BSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
International Gemmological Institute IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | |||
| sHNI (Min) | |||
| bHNI (Min) |
International Gemmological Institute IPO Timeline:
| IPO Open Date | 13th Dec 2024 |
| IPO Close Date | 17th Dec 2024 |
| Basis of Allotment | 18th Dec 2024 |
| Refund Initiation Date | 19th Dec 2024 |
| Shares Credit to Demat | 19th Dec 2024 |
| Listing Date | 20th Dec 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review International Gemmological Institute’s Financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Gemology and Jewelry Certification Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in International Gemmological Institute and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
