The highly anticipated International Gemmological Institute IPO subscription starts on 13 December 2024 and ends on 17 December 2024. With a target to raise approximately INR 4,225 crores, this initial public offering is expected to attract significant investor attention. The price band for the shares is set between INR 397 – 417 per share, with an additional employee discount of INR 39 per share requiring a minimum investment of INR 14,595 for a single lot of 35 shares.
The distribution of shares among investor categories has been allocated as follows:
- Retail Individual Investors (RII): 10%
- Qualified Institutional Buyers (QIB): 75%
- Non-Institutional Investors (NII): 15%
International Gemmological Institute IPO Subscription Status
The subscription status for the International Gemmological Institute IPO is being closely monitored. Here are the latest subscription figures across different investor categories:
| Category | QIB | NII | Retail | Emp | Total |
|---|---|---|---|---|---|
| Shares Offered | 3,19,11,839 | 1,59,55,919 | 1,06,37,279 | 55,865 | 5,85,60,902 |
| 17 Dec 2024 | 45.80 | 24.83 | 11.17 | 20.57 | 33.77 |
| 16 Dec 2024 | 0.09 | 0.83 | 2.44 | 6.70 | 0.72 |
| 13 Dec 2024 | 0.00 | 0.14 | 0.70 | 2.35 | 0.17 |
Shares allotted to anchor investors are not included in these calculations. Similarly, shares allotted to market makers, if any, are not part of these calculations.
International Gemmological Institute – Business Overview
The International Gemological Institute (IGI) is the world’s second-largest independent provider of certification and accreditation services for diamonds, studded jewellery, and colored stones, with a market share of approximately 33% based on certifications in CY2023. Founded in 1975 in Belgium, IGI has established itself as a prominent certifier, particularly in the laboratory-grown diamond sector, where it holds a dominant 65% market share.
As of 30 September 2024, IGI operates a global network of 31 branches, including laboratories in 10 countries, with key markets in India, Belgium, the USA, Thailand, UAE, Hong Kong, and China. This broad presence enables IGI to deliver prompt services to its varied clientele. The institute has made significant investments in advanced technologies to improve its grading processes, including the introduction of the Dcheck System in 2018, which differentiates between laboratory-grown and natural diamonds. Additionally, IGI’s laboratories are equipped with both proprietary and industry-standard gemological instruments.
Understanding Investor Categories
The International Gemmological Institute IPO is structured to cater to three main investor categories:
- Qualified Institutional Buyers (QIB):
- Includes entities like mutual funds and foreign institutional investors.
- Allocated 50% of the total offering.
- Non-Institutional Investors (NII):
- Comprises high-net-worth individuals investing more than INR 200,000.
- Receives approximately 15% of the shares.
- Retail Individual Investors (RII):
- Designed for investors bidding up to INR 200,000.
- Allotted 35% of the total shares.
Important Dates for the International Gemmological Institute IPO
- IPO Opening Date: 13 December 2024
- IPO Closing Date: 17 December 2024
- Allotment Date: Expected on or around 18 December 2024
- Listing Date: Scheduled for 20 December 2024
Value-Added Insights for Investors
Before investing in the International Gemmological Institute IPO, it is crucial to evaluate the company’s market positioning and growth potential within its sector. Additionally, understanding regulatory changes and industry dynamics can provide a clearer picture of potential risks and rewards. Leveraging IPO Central’s expert opinions can enhance decision-making and help identify long-term growth opportunities.
FAQs About the International Gemmological Institute IPO Subscription
How can I apply for the International Gemmological Institute IPO?
Investors can apply through their bank’s ASBA facility or an online trading platform provided by their stockbroker. Ensure you have an active Demat account for a seamless process.
What is the expected listing price for International Gemmological Institute shares?
While exact listing prices are uncertain, monitoring the Grey Market Premium (GMP) and market trends can provide an indication of the potential performance on listing day.
When will the International Gemmological Institute IPO be listed?
When will the International Gemmological Institute IPO subscription start?
International Gemmological Institute IPO subscription starts on 13 December and ends on 17 December 2024.
