December 20, 2024
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International Gemmological Institute IPO GMP grey market premium, review, Subscription, allotment, listing estimate @ Chanakyanipothi.com
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What is the latest news relating to International Gemmological IPO?
On 20th December 2024, the scrip is listed at Rs. 504.85, being 21.07% premium over the issue price. The listing and subsequent trend for the day, has been below the anticipation of the grey market players and analysts. However, the investment sentiment for this scrip is highly bullish.
International Gemmological IPO Subscription Status
IGL IPO Subscriptions
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| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 48.11 | 29.78 | 18.70 | 26.09 | 11.77 | 35.48 |
| Applications: 41,83,197 / (?x) Amount wise Bids recd. Rs. ? Crore |
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International Gemmological
IPO Allotment Link:
We will provide allotment link, once the allotment is finalised.
Who are the promoter of International Gemmological IPO?
The promoter of the Company is BCP Asia II TopCo Pte. Ltd
What are the Objects of International Gemmological IPO?
The Company proposes to utilize the Net Proceeds towards funding the following objects:
Payment of the purchase consideration for the acquisition of IGI Belgium Group and IGI Netherlands Group from the Promoter; and
General corporate purposes
A Note on the business of International Gemmological?
Incorporated in February 1999, International Gemmological Institute (India) Limited (IGI) is a globally renowned organization specializing in the certification and grading of diamonds, gemstones, and jewellery.
IGI provides independent grading reports that evaluate the characteristics of gemstones, adhering to internationally recognized standards. These reports include detailed assessments of a stone’s colour, cut, clarity, and carat weight.
The organization also offers educational programs and degree courses for professionals in the gem and jewellery industry, alongside a dedicated research department.
With 31 laboratories worldwide, IGI grades a wide range of products, including finished jewellery, natural diamonds, lab-grown diamonds, and gemstones. Additionally, IGI operates 18 gemology schools, graduating thousands of students annually.
The key services offered by IGI include:
- Diamond Grading: Reports on the 4Cs (cut, colour, clarity, carat weight) for both natural and lab-grown diamonds, including details on fluorescence and symmetry.
- Coloured Stone Grading: Evaluations of the quality and authenticity of coloured stones like rubies, sapphires, and emeralds, accompanied by detailed grading reports.
- Jewellery Grading: Assessments of diamond and coloured stone quality, craftsmanship, and overall value of finished jewellery.
- Educational Programs: Courses in gemology, diamond grading, jewellery design, and other related subjects.
As of September 30, 2024, IGI operates 31 branches and laboratories across 10 countries, including major markets such as Surat and Mumbai in India, Antwerp, New York, Bangkok, Dubai, Hong Kong, and Shanghai. The company is supported by a dedicated team of 843 employees, including 316 gemologists, along with professionals in research, education, and certification. Additionally, under its Pre-Acquisition Group, IGI has a network of 20 laboratories and 9 gemology schools.
For more information, click: https://www.igi.org/
International Gemmological IPO GMP grey market premium, review, Subscription, allotment, listing estimate
International Gemmological IPO Details |
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| IPO opens on | 13 December 2024 |
| IPO closes on | 17 December 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | ? Shares / Rs 4225 Crore |
| * Fresh Issue | -? Shares/ Rs.1475 Crore |
| * Offer for Sale | ? shares/ Rs.3750 Crore |
| Face Value per share: | Rs. 2 |
| Price Band | Rs. ? |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | ? Shares |
| Listing will at | BSE, NSE |
| Shares offered in International Gemmological ? | Shares | Rs. in Crore |
| QIB (75 %) net | ||
| NII (15 %) | ||
| RII (10 %) | ||
| Employees | – | – |
| Total Shares | ||
| Retail portion oversubscribed by | ? Forms. | |
| How to apply in International Gemmological IPO? | Amount Rs. |
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| Min Retail Appli | ||
| Max Retail Appli | ||
| Small HNI (Min) application | ||
| Small HNI (Max) application | ||
| Big HNI Application | ||
What is the timetable of
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| IPO opens on | 13 December 2024 |
| IPO Closes on | 17 December 2024 |
| IPO Allotment on | 18 December 2024 |
| Unblocking of ASBA | 19 December 2024 |
| Credit of Shares | 19 December 2024 |
| Listing on | 20 December 2024 |
| Registered Office of the company | |
| International Gemmological Institute (India) Limited 702, 7 th Floor The Capital, Bandra Kurla Complex, Bandra (E), Mumbai-400051 |
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| Who are the Lead Managers of International Gemmological IPO? Axis Capital Limited Kotak Mahindra Capital Company Limited Morgan Stanley India Company Pvt Ltd SBI Capital Markets Limited |
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| Registrar to IPO | |
| Kfin Technologies ltd |
International Gemmological IPO Financial & Analytical Ratios |
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| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Cr | Rs.in Cr | Rs. | % | |
| 2021 | 374 | 172 | 4.32 | 74.39 |
| 2022 | 499 | 242 | 6.09 | 83.13 |
| 2023 | 649 | 325 | 8.18 | 76.58 |
| Book Value of the Share on 31.03.2024 |
Rs. | 12.53 | ||
| BV after the IPO | Rs. | ? | ||
| Offer Price at Cap | Rs. | ? | ||
| International Gemmological IPO Ratio Analysis |
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| Price /EPS | ? |
| Price/Book Value Ratio | ? |
| Price/BV after IPO | ? |
How International Gemmological IPO compares with the Peers?
Peer Comparison.
There is no other listed company having such nature of business.
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
International Gemmological IPO Review
Will update soon.
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