International Gemological Institute IPO subscription started on Friday, December 13, and will close on December 17 as per the schedule. The price band is set at ₹397 to ₹417 per share with a face value of ₹2.
International Gemological Institute IPO Subscription Status
International Gemological Institute IPO Subscribed over 0.18x on its first day till 05.00 PM on 13th December.
- International Gemological Institute IPO subscription QIB investors portion is 0.00x times, while NII subscribed 0.15x times and RII investors subscribed 0.75x times.
- The company has received bids for 1,00,36,530 shares against 5,57,51,950 shares on offer on the first day.
- International Gemological Institute IPO Subscribed over 0.18x on day 1.
About International Gemological Institute IPO
Founded in Antwerp, Belgium, in 1975, the International Gemological Institute is the world’s second-largest company to provide services related to the certification and accreditation of various types of 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. As well as the company also puts in extra effort such as fluorescence, which means how diamonds will react under UV light and the symmetry of the diamonds as well. Moreover, they also provide screening where individuals can check whether the diamond is natural or synthetic for customer satisfaction. In India, IGI is the largest independent provider of certification and accreditation services, they hold around 50% of the market share for certifying diamonds, jewelry with diamonds, and colored stones in 2023.
International Gemological Institute IPO Company Financial Report
The company reported revenue of ₹648.66 crores in December 2023 against ₹499.33 crores in December 2022. The company reported Profit of ₹324.74 crores in December 2023 against Profit of ₹241.76 crores in December 2022.
International Gemological Institute IPO GMP:
International Gemological Institute IPO GMP was ₹75 as of Friday, December 13. That indicates the IPO is trading at ₹492 with ₹75 premium in the grey market against the issue price of ₹417.
