International Gemmological Institute IPO opens Friday. Price band, GMP among 5 things to know before subscribing
1/6
IPO watch
The initial public offering (IPO) of International Gemmological Institute will open for subscription on Friday. The issue closes on December 17. Through the public offer, the company plans to raise nearly Rs 4,225 crore. Here are 10 things to know about the IPO before subscribing to the issue.
2/6
International Gemmological Institute business overview
Part of the globally recognized IGI Group, the company certifies natural diamonds, lab-grown diamonds, jewelry, and colored stones, while also offering gemology education. IGI India holds a 50% market share in India for certification volumes and operates 19 labs across India and one in Türkiye, making it the largest network among peers globally.
3/6
International Gemmological Institute IPO GMP
According to market analysts, the current GMP of International Gemmological Institute is Rs 100, indicating a premium of 24% to the issue.
Amazon Top Deals
POWERED BY
Crompton Ozone 75 Litres Desert Air Cooler for home | Large & Easy Clean Ice Chamber | 4-Way Air Deflection | High Density Honeycomb Pads | Everlast Pump | Auto Fill| 3 Year Brand Warranty
₹9,798Buy Now43%
OFF
atomberg Studio Smart+ 1200mm BLDC Ceiling Fan with IoT & Remote | BEE 5 star Rated Energy Efficient Ceiling Fan | High Air Delivery with LED Indicators | 3 Year Warranty (Earth Brown)
₹5,882Buy Now36%
OFF
LG 32 L Convection Microwave Oven (MC3286BRUM, Black, 360° Motorised Rotisserie for Bar-be-queing, 301 Auto Cook Menu, Stainless steel cavity, Indian Cuisine, Tandoor Se, Steam Clean & Diet Fry)
₹19,340Buy Now19%
OFF
4/6
International Gemmological Institute IPO size
The offer comprises a fresh issue of Rs 1,475 crore and an offer for sale (OFS) of Rs 2,750 crore by promoter BCP Asia II TopCo. At the upper price band, the IPO values IGI India at a market capitalization of Rs 16,545 crore.
Also Read: Vishal Mega Mart vs Mobikwik vs Sai Life Sciences: Which is a better pick?
Also Read: Vishal Mega Mart vs Mobikwik vs Sai Life Sciences: Which is a better pick?
5/6
International Gemmological Institute IPO price band
The company has fixed a price band of Rs 397-417 per share, aiming to raise Rs 4,225 crore.
6/6
International Gemmological Institute IPO structure
About 75% in the public offer is reserved for qualified institutional buyers, 10% for retail investors and the rest 15% for non-institutional investors.