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The International Gemmological Institute IPO is a book-built issue amounting to ₹4,225 crore. The IPO consists of a fresh issue of 3.54 crore shares, aggregating to ₹1,475 crore, and an offer for sale (OFS) of 6.59 crore shares, aggregating to ₹2,750 crore.
The IPO subscription status for the International Gemmological Institute IPO opens on December 13, 2024, and closes on December 17, 2024. The allotment of shares is expected to be finalized on December 18, 2024, with the tentative IPO allotment status available online. The listing is scheduled for December 20, 2024, on the BSE and NSE.
The IPO price band is set between ₹397 and ₹417 per share, with a minimum application size of 35 shares per lot. Retail investors can participate with a minimum investment of ₹14,595. For small non-institutional investors (sNII), the minimum investment is 14 lots (490 shares), amounting to ₹2,04,330, and for large non-institutional investors (bNII), it is 69 lots (2,415 shares), requiring an investment of ₹10,07,055.
The IPO grey market premium (IPO GMP) is a key indicator of market sentiment and can help investors gauge potential listing gains for the International Gemmological Institute IPO. Investors are encouraged to monitor the IPO GMP and other updates to make informed decisions.
The issue is managed by Axis Capital Limited, Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Pvt Ltd, and SBI Capital Markets Limited as the book-running lead managers, with Kfin Technologies Limited acting as the registrar.
For detailed information, refer to the International Gemmological Institute IPO Red Herring Prospectus (RHP). Stay updated on the IPO allotment status, IPO grey market premium, and IPO subscription status to track the performance and investment opportunities for the International Gemmological Institute IPO.
| IPO Date | December 13, 2024 to December 17, 2024 |
| Listing Date | December 17, 202 |
| Face Value | ₹2 per share |
| Price Band | ₹397 to ₹417 per share |
| Lot Size | 35 Shares |
| Total Issue Size | 101,318,944 shares (aggregating up to ₹4,225.00 Cr) |
| Fresh Issue | 35,371,702 shares (aggregating up to ₹1,475.00 Cr) |
| Offer for Sale | 65,947,242 shares of ₹2 (aggregating up to ₹2,750.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 396,783,045 |
| Shareholding post issue | 432,154,747 |
| IPO Open Date | Friday, December 13, 2024 |
|---|---|
| IPO Close Date | Tuesday, December 17, 2024 |
| Basis of Allotment | Wednesday, December 18, 2024 |
| Initiation of Refunds | Thursday, December 19, 2024 |
| Credit of Shares to Demat | Thursday, December 19, 2024 |
| Listing Date | Friday, December 20, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 17, 2024 |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 35 | ₹14,595 |
| Retail (Max) | 13 | 455 | ₹189,735 |
| S-HNI (Min) | 14 | 490 | ₹204,330 |
| S-HNI (Max) | 68 | 2,380 | ₹992,460 |
| B-HNI (Min) | 69 | 2,415 | ₹1,007,055 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Net Offer |
| Retail Shares Offered | Not more than 10% of the Net Offer |
| NII (HNI) Shares Offered | Not more than 15% of the Net Offer |
| Period Ended | 30 Sep 2024 | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 |
|---|---|---|---|---|
| Assets | 775.60 | 603.20 | 409.03 | 319.69 |
| Revenue | 619.49 | 648.66 | 499.33 | 374.29 |
| Profit After Tax | 326.06 | 324.74 | 241.76 | 171.53 |
| Net Worth | 643.41 | 509.01 | 339.07 | 242.59 |
| Reserves and Surplus | 111.46 | 119.40 |
The International Gemmological Institute IPO presents a significant opportunity for investors, backed by a strong offering size of ₹4,225 crore, including both fresh issue and offer for sale. With a competitive price band of ₹397-₹417 per share and flexible investment options for retail and institutional investors, it caters to diverse investor segments. The IPO’s robust structure, supported by renowned lead managers like Axis Capital and Kotak Mahindra Capital, adds credibility and ensures smooth handling. Investors should closely monitor the IPO GMP, IPO allotment status, and IPO subscription status to make informed decisions and maximize potential returns. As the listing date approaches, this IPO is expected to generate substantial market traction, reflecting the growing interest in the gemmological industry.
