International Gemmological Institute (India) Limited IPO was not fully booked in the first 2 days of subscription, but on the last day (17 December) investors pounced on it. This IPO is a book built issue of Rs 4225 crore. It is a combination of a fresh issue of 3.54 crore shares worth Rs 1475 crore and 6.59 crore offer for sale shares worth Rs 2750 crore.

The International Gemological Institute IPO was subscribed only 18 percent on the first day of subscription (December 13). The retail category was able to book only 75 percent and the NII category was able to book only 15 percent. On the second day of subscription (December 16), it was able to book only 77 percent. The retail category was subscribed 2.58 times, the NII category 0.88 times and the QIB category 0.09 times.

On the last day of subscription, till 1 pm, it was subscribed a total of 5.59 times. It was subscribed 6.3 times in the retail category, 8.75 times in the NII category and 3.75 times in the QIB category.

International Gemological Institute IPO Price Band

The price band of International Gemmological Institute IPO is Rs 397-417 per share. The minimum lot size with one application is 35 shares. The minimum investment amount for retail investors is Rs 14,595.

International Gemological Institute IPO GMP

According to market analysts, the International Gemmological Institute IPO GMP in the unlisted market is Rs 125, which is 29.9 percent higher than the cap price. The highest GMP of this issue has been Rs 145 and the lowest GMP has been Rs 75. The GMP on the day of opening of the issue was Rs 105, which has now become Rs 125.

About International Gemological Institute Ltd.

Established in February 1999, the International Gemological Institute (India) Limited is a globally recognised organisation that certifies and grades diamonds, gemstones and jewellery.

IGI provides independent grading reports that analyse and certify the characteristics of stones using internationally recognised standards.

These reports include details about the colour, cut, clarity and carat weight of the stone. The company has 31 laboratories across the world that grade jewellery, diamonds and gemstones.

IGI also offers education courses and degree schemes for the gems and jewellery trade and has a research department.

The company has a revenue of Rs 619.49 crore and profit after tax of Rs 326.06 crore from 1 January 2024 to 30 September 2024. The company will use the proceeds from this issue to acquire IGI Belgium Group and IGI Netherlands Group from the promoter and to meet general corporate purposes.