International Gemmological Institute IPO:The initial public offering (IPO) of the International Gemmological Institute is scheduled to open to the public on the 13th of December, Friday 2024. The company is expected to raise the most money. the company hopes to raise around Rs 4,225 crore through the IPO. Bidding to anchor investors expected to begin on December 12 2024.
The following are main information about the International Gemmological Institute IPO, described in the company’s Red Herring Prospectus (RHP):
International Gemmological Institute IPO size Price band
The offer consists of a new issue of up to 1,475 crore as well as an Offer for the Sale of Equity Shares which totals up to Rs. 2,750 crore, according to the Red Herring Prospectus filed by the company.
It will be offered in a price range of Rs 397 to Rs 417 per share. It will also be available in the lot size is 35 shares. So, investors can make a bid for as little as 35 shares, and multiples of them. Therefore the minimum capital required by investors who are retail to bid for a lot or 35 shares of the International Gemmological Institute is Rs 14,595. If the bid is less than 2 lakhs, investors from retail are able to apply for 13 lots totalling 455 shares.
International Gemmological Institute IPO grey market premium (IPO GMP)
International Gemmological Institute IPO important dates
International Gemmological Institute IPO is scheduled to be available for purchase beginning on the 13th of December, 2024 until the 17th of December 2024.
After the closing of the window for subscriptions the allotment basis for International Gemmological Institute IPO is anticipated to be concluded on the 18th of December 2024. The winners will be awarded the shares of the company on the 19th day of December 2024, and will receive them on their accounts in demat.
The first public listing of International Gemmological Institute shares is likely to occur on the 20th of December and 2024. The shares of the company are expected to be listed in BSE, the National Stock Exchange (NSE) as well as the BSE.
International Gemmological Institute IPO goal
International Gemmological Institute, in its RHP stated that the shareholders who sell are entitled to their share of the net proceeds from the sale.
The company plans to use the net proceeds of the new offering to fund the following goals to pay the purchase cost to acquire IGI Belgium Group and IGI Netherlands Group from the Promoter, estimated at around Rs 1,300 crore. Then, the remaining amount will be used for general corporate goals.
International Gemmological Institute IPO Lead managers, registrars, and registrars
In the RHP, KFin Technologies is the registrar for the offering. Axis Capital, Kotak Mahindra Capital Company, Morgan Stanley India Company along with SBI Capital Markets are the book-running managers for the issue.
About International Gemmological Institute
International Gemmological Institute (IGI) is a gemstone, diamond, and jewelry certification business. Established in 1999, IGI offers independent reports on grading using internationally recognized standards. IGI operates 31 laboratories around the world and offers training classes in gemology. The services offered by IGI include diamond graders, color stone evaluation and a final assessment of jewelry. IGI has a global presence, with major markets that include India, Europe, the US as well as Asia.
Also You can Check Ipowatch:
Leave a Reply