International Gemological Institute IPO open date is December 13 2024 IPO. The same will close on December 17 2024. The date of allotment for the IPO has been finalized to take place on December 18 2024. Those who will apply for the IPO but allotment would not take place,the application amount will be refunded to their respective bank account on December 19 2024. Side by side shares will be credited to the lucky one’s on the same day that is December 19 2024. It has been announced by the company officials that IPO will get listed to both stock exchanges i.e. BSE and NSE on December 20 2024.The price band has been fixed from rupees 397 to 473.
A total amount of rupees 4225 crores will be raised through this IPO by the company.Out of which Rs.475 crores will be of fresh issue type. There will be of approximately 6,59,47,242 equity shares offer for sale. This is a book built type IPO.Out of total number of shares 10% equity shares has been reserved for a retail category investors, 75% for QIB category investors and the rest of 15% shares has been reserved for NII category investors. Retail investors have to apply for minimum 1 lot. Here 1 lot consists of 35 equity shares. Therefore, the minimum application amount for the retail category investors will be of Rs 14595. Also retail investors can apply for maximum 13 lots i.e. for 455 nos. of equity shares. This 13 lots is equivalent to Rs.1,89,735. small HNI category investors have to apply for minimum 14 lots that is 490 equity shares this is equivalent to 2,04330 Indian rupees. Big HNI investors may apply for 69 lots that is 2415 nos equity shares. This number of equity shares is equivalent to 10,07055 Indian rupees. The promoters of the company are BCP Asia II and Topco II Pte Limited.
International Gemological Institute IPO financial report
Objectives of the International Gemological Institute IPO
In this IPO process, KFin Technologies Limited is responsible to play the role as registrar while four members are associated to take part the role of lead managers who are also known as merchant bankers. They are Axis Capital Limited, Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited and SBI Capital Markets Limited. Email and website of KFin Technologies Limited are given below.
E-mail: igil.ipo@kfintech.com
Website: https://ris.kfintech.com/
About International Gemological Institute
As the name suggests International Gemological Institute provides services related to jems and jewellery. This company has achieved its position to second in the world in the arena of diamonds- it’s certification and accreditation. Primarily the company was incorporated in 1975 in the land of Belgium. Besides services related to diamonds they also offer coloured precious stones like rubies, sapphires, emeralds etc. Diamonds they work with are of various types- some of these are natural diamonds and some of are laboratory grown diamonds. Company also provides different services to its customers such as diamond grading based on cuts, colour, clarity and carait weight. The company also give extra services such as fluorescence. This is a kind of incidence takes place when a diamond is kept under UV light and how it reacts then. Screening services is also provided by the company i.e. customers can test the diamonds purchased by them to check whether it is natural or synthetic. In Indian perspective the company retained about 50% of the market share in the context of diamonds, jems, jewellery and coloured stones in the previous year that is during 2023.Company address of International Gemological Institute IPO is as follows:
International Gemological Institute IPO Limited
702, 7
th Floor, The Capital, Bandra Kurla
Complex, Bandra (E), Mumbai 400 051,
Maharashtra, India
Phone: +91 22 4035 2550
Email: investor.relations@igi.org
Website: https://www.igi.org/
FAQs about International Gemological Institute IPO
1.What is International Gemological Institute IPO ?
International Gemological Institute IPO is a book built type, main board IPO. The company is all set to raise around Rs. 4225 crores through this IPO issue. Price band has been kept from Rs 397 to 417 per equity share. The IPO is going to be listed on BSE and NSE
2.When International Gemological Institute IPO will open for subscription ?
International Gemological Institute IPO will open for subscription on December 13 2024 and it will close on December 17 2024.
3.What is the investor quota for International Gemological Institute IPO ?
There will be 10% quota for retail investors, 15% for NII and 75% for QIB category investors.
4.How to apply for International Gemological Institute IPO ?
Interested investors can apply for this IPO through their bank account also they can apply through their stock brokers or they can also apply through offline modes by filling up offline forms.
5.What is International Gemological Institute IPO issue size ?
International Gemological Institute IPO issue size is Rs 4225 crores.
6.What is the price band for International Gemological Institute IPO?
Price band for International Gemological Institute IPO has been fixed from Rs. 397 to 417.
7.What is the lot size of International Gemological Institute IPO ?
In this IPO issue 1 lot is equivalent to 35 shares that is equal to 14,595 Indian rupees.
8.What is the International Gemological Institute IPO allotment date ?
The allotment date for International Gemological Institute IPO has been fixed on December 18 2024.
9.What is the listing date for International Gemological Institute IPO ?
The listing date for International Gemological Institute IPO is December 20 2024.
