IPO Date: 13 Dec - 17 Dec 2024
Listing Date: 20 Dec 2024
Price Range
₹397 to ₹417 per share
Issue Size
4225 Cr
Min Investment
₹13,895
Lot Size
35 Shares
Issue open date
13 Dec 2024
Issue close date
17 Dec 2024
UPI mandate deadline
17 Dec 2024 (5 PM)
Allotment finalization
18 Dec 2024
Share credit
19 Dec 2024
Listing date
20 Dec 2024
Mandate end date
N/A
Funds Raised in the IPO | Amount |
---|---|
Overall | 4225 Cr |
Fresh Issue | Cr |
Offer for Sale | Cr |
Allotment Timeline | Details |
---|---|
Allotment Date | 18 Dec 2024 |
Allotment Link | {Link} |
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
Date | Ipo Price | GMP | Estimated Listing Price |
---|---|---|---|
20 Dec 2024 | ₹417 | ₹159 | ₹576 (38.13%) |
19 Dec 2024 | ₹417 | ₹159 | ₹576 (38.13%) |
18 Dec 2024 | ₹417 | ₹116 | ₹533 (27.82%) |
17 Dec 2024 | ₹417 | ₹90 | ₹507 (21.58%) |
16 Dec 2024 | ₹417 | ₹125 | ₹542 (29.98%) |
15 Dec 2024 | ₹417 | ₹95 | ₹512 (22.78%) |
14 Dec 2024 | ₹417 | ₹115 | ₹532 (27.58%) |
13 Dec 2024 | ₹417 | ₹105 | ₹522 (25.18%) |
12 Dec 2024 | ₹417 | ₹75 | ₹492 (17.99%) |
11 Dec 2024 | ₹417 | ₹131 | ₹548 (31.41%) |
10 Dec 2024 | ₹417 | ₹100 | ₹517 (23.98%) |
Issue Price | Listing Gain | Current Market Price | P/L |
---|---|---|---|
₹397 to ₹417 per share | ₹ 2381 (12.99%) | ₹ 328.9 | -21.13% |
Incorporated in February 1999, International Gemmological Institute (India) Limited is a globally recognized organization certifying and grading diamonds, gemstones, and jewellery.IGI provides independent grading reports that analyze and certify the characteristics of stones using internationally recognized standards. These reports include details about the stone's colour, cut, clarity, and carat weight.IGI also offers education courses and degree plans for the gem and jewellery trade and has a research department.IGI operates 31 laboratories worldwide that grade finished jewellery, natural diamonds, lab-grown diamonds, and gemstones. Additionally, it has 18 gemology schools that graduate thousands of students each year.The services offered by the company are as follows- Diamond grading includes reports on the 4Cs (cut, colour, clarity, carat weight) for natural and lab-grown diamonds and details on fluorescence and symmetry.- Evaluating the quality and authenticity of coloured stones like rubies, sapphires, and emeralds and issuing detailed grading reports.- Evaluating finished jewellery involves assessing diamond and coloured stone quality, craftsmanship, and overall value.- Offering educational programs and courses in gemology, diamond grading, jewellery design, and related subjects.As of September 30, 2024, the company has a network of 20 laboratories and 9 schools under the Pre-Acquisition Group, supported by 843 employees, including 316 gemologists and other professionals in research, education, and certification processes.As of September 30, 2024, IGI's certification business operates through 31 branches and laboratories in 10 countries, including key markets like Surat and Mumbai in India, Antwerp, New York, Bangkok, Dubai, Hong Kong, and Shanghai.**Competitive Strength**- The company is the second-largest independent certification provider globally for diamonds and jewellery, operating in a high-barrier industry.- Provider of certification services for the rapidly growing laboratory-grown diamond industry.- An extensive range of certification and accreditation services is offered to a diverse group of customers throughout the value chain.- Education initiatives that support spreading awareness, building customer partnerships and the company's brand
Founded in | 1999 |
Managing director | |
Parent organization |
Category | Subscription (No. of times) |
---|---|
Qualified Institutional Buyers (QIBs) | 48.11 |
Non-Institutional Investors (NIIs) | 26.09 |
Retail Individual Investors (RIIs) | 11.77 |
Employee | 21.79 |
Total | 35.48 |