International Gemmological Listing News: The stock of International Gemological Institute India, a company that certifies diamonds and jewellery, has seen a strong listing in the stock market today. The company’s stock was listed on BSE at Rs 505, while the IPO price was Rs 417. In this sense, investors got 21 percent return on listing. This IPO was open for subscription from 13 to 17 December 2024 and it received a strong response from investors. The price band was Rs 397-417 per share, while the size of the IPO was Rs 4225 crore. At the same time, gray market premium was also indicating its strong listing.
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International Gemmological: Subscribed more than 35 times
The IPO of International Gemological Institute received a strong response from investors. This IPO was subscribed 35.48 times overall. In the IPO, 10 percent share was reserved for retail investors and it was filled 11.77 times. 15 percent share was reserved for NII category and it was filled 26.09 times. Whereas 75 percent share was reserved for QIB category and it was subscribed 48.11 times.
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International Gemmological : About the Company
International Gemological Institute (India) Limited is a globally recognized organization that certifies and grades diamonds, gems and jewellery. It provides independent grading reports that analyze and certify the stone’s characteristics using internationally recognized standards. Its report contains information about the color, cut, clarity and carat weight of the stone etc. Apart from this, it also provides courses related to gems and jewellery. The company has a research department.
International Gemmological: 31 laboratories around the world
The company has 31 laboratories around the world that grade jewellery, diamonds and gemstones. IGI also offers education courses and degree schemes for the gems and jewelery trade and has a research department. The company’s revenue from January 1, 2024 to September 30, 2024 is Rs 619.49 crore and profit after tax is Rs 326.06 crore. The company will use the proceeds from this issue to fund the acquisition of IGI Belgium Group and IGI Netherlands Group from the promoter and to fund general corporate purposes.
