International Gemmological Institute (India) Limited IPO will be launched on 13 December 2024 and remain open for subscription until 17 December 2024. This is a book-built mainboard IPO, which is about to raise ₹4225 crore from a combination of a fresh issue of 3.54 crore shares amounting to ₹ 1475 crores and an offer for sale of 6.59 shares amounting to ₹ 2750 crore.
The allotment date has to be finalized on Wednesday, 18 December 2024. International Gemmological Institute (India) stocks will be listed on NSE & BSE on Friday, 20 December 2024 as per the current schedule.
The price band of the International Gemmological Institute (India) IPO has been set between ₹ 397 and ₹417 apiece. The minimum ipo lot size is 35 shares for retail investors, which amounts to a minimum investment of ₹14595. For sNII, the minimum amount to be invested is ₹ 204330, which is 14 lots or 490 shares, and for bNII, the minimum investment mandate is ₹ 1007055, which is 68 lots or 2415 shares.
Here Are the Quick Steps to Apply for the International Gemmological Institute (India) IPO!
International Gemmological Institute (India) NSE BSE IPO Details
| Detail | Information |
| IPO Opening Date | December 13, 2024 |
| IPO Closing Date | December 17, 2024 |
| Tentative IPO Listing Date | December 20, 2024 |
| Face Value | ₹2 per share |
| Price Range | ₹397 to ₹417 per share |
| Lot Size | 35 shares |
| Total Issue Size | 101318944 shares (₹4225 Cr) |
| Fresh Issue | 35371702 shares (₹1475 Cr) |
| OFS | 65947242 shares (₹2750 Cr) |
| IPO Segment | Book Built Issue |
| Listing At | NSE BSE |
| Shareholding Pre-Issue | 396783045 shares |
| Shareholding Post-issue | 432154747 shares |
International Gemmological Institute (India) Limited | Company Overview
International Gemmological Institute (India) Limited (IGIIL)is a world leader when it comes to certifying and grading diamonds, jewelry, and gemstones.
It was started back in 1999, and which now engaged in offering independent grading reports, certifying, and analyzing the features, and characteristics of different gemstones, diamonds, and other jewels by following standards and measures and being recognized globally.
The reports offered by IGIIL include a stone’s–
- Color
- Clarity
- Cut
- Carat weight
IGIIL has 31 laboratories across the globe for grading different stones, and jewels, including lab-grown diamonds, natural diamonds, and finished jewelry, as well.
Apart from these, IGIIL also offers courses on grading, analysis, and evaluation of stones in its 18 Gemmology schools.
Major Markets are in –
- Surat
- Mumbai
- Antwerp
- Bangkok
- Hong Kong
- New York
- Dubai
- Shanghai
International Gemmological Institute (India) Limited IPO | Key Details
- International Gemmological Institute (India) IPO Opening Date: December 13, 2024,
- International Gemmological Institute (India) IPO Closing Date: December 17, 2024,
- Allotment Date: December 18, 2024
- Price Band: ₹397 to ₹ 417 per share
- Lot Size: 35 shares
- Refunds Initiated: December 19, 2024
- Shares Credited to Demat: December 19, 2024
- Listing Date: December 20, 2024
International Gemmological Institute (India) Ltd: Financial Overview
International Gemmological Institute (India) Limited saw a nominal fall in its profit during the 9 months preceding 30 September 2024, while its revenue declined by -4.05 during the period. Amidst this, the company managed to raise its assets by 28.58%.
Here are the details of the financials of the firm
All figures in ₹ Crore
| Financial Information | 30 Sep 2024 | 31 Dec 2023 | Absolute Change | Change (%) |
| Assets | 775.6 | 603.2 | 172.40 | 28.58 |
| Revenue | 619.49 | 648.66 | -29.17 | -4.50 |
| Profit After Tax | 326.06 | 324.74 | 1.32 | 0.41 |
| Net Worth | 643.41 | 509.01 | 134.40 | 26.40 |
FAQs | International Gemmological Institute (India) Ltd IPO
International Gemmological Institute (India) Ltd is engaged in offering evaluation, grading, and reporting services for diamonds, gemstones, and other jewelry.
The tentative IPO listing date of the International Gemmological Institute (India) has been fixed as Friday, December 20, 2024.
The bidding date for the International Gemmological Institute (India) IPO is December 13, 2024, and it will continue until December 17, 2024.
The minimum IPO lot size for the International Gemmological Institute (India) is 35 shares. For sNII, it is 14 lots and for bNII it is 68 lots.
The IPO allotment is expected to be finalized on Wednesday, December 18, 2024.
The IPO face value is set at ₹2 per share.
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Disclaimer: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.