International Gemological IPO subscribed overall 35.48 times on the last day, while a retail quota was subscribed 11.77 times and QIB was 48.11 and NII 26.09 respectively.
Details About International Gemological IPO
International Gemological got approval from SEBI for an IPO of ₹4,225.00 crores via IPO that comprises a fresh issue of ₹1475.00 crores and offer for sale up to [.] equity shares with a face value of ₹2 each. Moreover, the company has set up a ₹397 to ₹417 per share. In this IPO total of 35 shares were available in 1 lot size for the minimum Retail category and for retail maximum in 13 lot size of 455 shares. While HNI (Min) total of 490 shares in 14 lot sizes and HNI(Max) total of 2415 shares in 69 lot sizes.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹14,595
- Retail investors: maximum investment of ₹189,735
- Small HNI (S-HNI): Minimum investment of ₹204,330
- Big HNI(B-Hni): Maximum Investment of ₹1,007,055
Subscription duration of International Gemological
This IPO started on December 13, 2024, and closed on December 17, 2024. The IGI IPO allotment date was December 18, 2024, and they received a refund on December 19, 2024.
Funds Deployment of This IPO
- IPO’s fund will go to the two groups, IGI Belgium Group and IGI Netherlands Group which are the group of the promoters of that company.
- Moreover, the rest of the fund would be used for the general purpose of that company.
About International Gemological Institute Company
The International Gemological Institute was founded in Antwerp, Belgium, in 1975. It is the second-largest company in the world that provides certification and accreditation services for diamonds. They offer both natural and laboratory-grown diamonds, such as studded jewelry and colored stones like rubies, sapphires, emeralds, and other precious and semi-precious stones. Moreover, the company provides many services to customers like in-depth diamond grading based on cut, color, clarity, and carat weight.In addition, they offer screening services that allow customers to verify whether a diamond is natural or synthetic for their peace of mind. In India, IGI is the largest independent provider of certification and accreditation services, holding approximately 50% of the market share for certifying diamonds, diamond jewelry, and colored stones in 2023.
International Gemological IPO Financial Background
The company reported revenue of ₹8945.13 crores in 2024. The company’s a Profit of ₹461.94 crores in 2024 against Profit of ₹321.27 crores in 2023 respectively.
