International Gemmological Institute Limited

CLOSED

IPO Date: 13 Dec - 17 Dec 2024

Listing Date: 20 Dec 2024

Price Range

₹397 to ₹417 per share

Issue Size

4225 Cr

Min Investment

13,895

Lot Size

35 Shares

Schedule of International Gemmological Institute Limited

Issue open date

13 Dec 2024

Issue close date

17 Dec 2024

UPI mandate deadline

17 Dec 2024 (5 PM)

Allotment finalization

18 Dec 2024

Share credit

19 Dec 2024

Listing date

20 Dec 2024

Mandate end date

N/A

Issue size

Funds Raised in the IPOAmount
Overall4225 Cr
Fresh Issue Cr
Offer for Sale Cr

Allotment DetailsNew

Allotment TimelineDetails
Allotment Date18 Dec 2024
Allotment Link{Link}

Grey Market PremiumNew

Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

DateIpo PriceGMPEstimated Listing Price
20 Dec 2024417159576 (38.13%)
19 Dec 2024417159576 (38.13%)
18 Dec 2024417116533 (27.82%)
17 Dec 202441790507 (21.58%)
16 Dec 2024417125542 (29.98%)
15 Dec 202441795512 (22.78%)
14 Dec 2024417115532 (27.58%)
13 Dec 2024417105522 (25.18%)
12 Dec 202441775492 (17.99%)
11 Dec 2024417131548 (31.41%)
10 Dec 2024417100517 (23.98%)

Performance International Gemmological Institute Limited

Issue PriceListing GainCurrent Market PriceP/L
₹397 to ₹417 per share 2381 (12.99%) 328.9-21.13%

About International Gemmological Institute Limited

Incorporated in February 1999, International Gemmological Institute (India) Limited is a globally recognized organization certifying and grading diamonds, gemstones, and jewellery.IGI provides independent grading reports that analyze and certify the characteristics of stones using internationally recognized standards. These reports include details about the stone's colour, cut, clarity, and carat weight.IGI also offers education courses and degree plans for the gem and jewellery trade and has a research department.IGI operates 31 laboratories worldwide that grade finished jewellery, natural diamonds, lab-grown diamonds, and gemstones. Additionally, it has 18 gemology schools that graduate thousands of students each year.The services offered by the company are as follows- Diamond grading includes reports on the 4Cs (cut, colour, clarity, carat weight) for natural and lab-grown diamonds and details on fluorescence and symmetry.- Evaluating the quality and authenticity of coloured stones like rubies, sapphires, and emeralds and issuing detailed grading reports.- Evaluating finished jewellery involves assessing diamond and coloured stone quality, craftsmanship, and overall value.- Offering educational programs and courses in gemology, diamond grading, jewellery design, and related subjects.As of September 30, 2024, the company has a network of 20 laboratories and 9 schools under the Pre-Acquisition Group, supported by 843 employees, including 316 gemologists and other professionals in research, education, and certification processes.As of September 30, 2024, IGI's certification business operates through 31 branches and laboratories in 10 countries, including key markets like Surat and Mumbai in India, Antwerp, New York, Bangkok, Dubai, Hong Kong, and Shanghai.**Competitive Strength**- The company is the second-largest independent certification provider globally for diamonds and jewellery, operating in a high-barrier industry.- Provider of certification services for the rapidly growing laboratory-grown diamond industry.- An extensive range of certification and accreditation services is offered to a diverse group of customers throughout the value chain.- Education initiatives that support spreading awareness, building customer partnerships and the company's brand

Founded in1999
Managing director
Parent organization

Financial Overview

Strengths

    Risks

      Subscription Figures

      CategorySubscription (No. of times)
      Qualified Institutional Buyers (QIBs)48.11
      Non-Institutional Investors (NIIs)26.09
      Retail Individual Investors (RIIs)11.77
      Employee21.79
      Total35.48