International Gemological Institute IPO: Key Details, GMP, and FAQs
The International Gemological Institute (IGI) IPO is set to open on December 13, 2024, marking a significant event in the investment world. This mainline IPO aims to raise an estimated ₹4,225 crores. As a globally recognised leader in diamond certification, IGI’s public offering has attracted much attention. This article will explore the IPO’s key details, pricing, GMP (Grey Market Premium), and much more.
International Gemological Institute IPO: Key Details:
Company Overview:
Founded in 1975 in Antwerp, Belgium, IGI is the second-largest company worldwide. It provides certification and grading services for diamonds, gemstones, and jewellery. It offers services related to natural and laboratory-grown diamonds, coloured stones like rubies, emeralds, sapphires, and other precious and semi-precious stones. Their grading is based on four key parameters: cut, colour, clarity, and carat weight.
IGI’s IPO price band is set at ₹397 to ₹417 per share, with a market lot of 35 shares. This will allow investors to participate in the growing demand for gemological certification services.
International Gemological Institute IPO Breakdown:
- IPO Open Date: December 13, 2024
- IPO Close Date: December 17, 2024
- Face Value: ₹2 per share
- Price Band: ₹397 to ₹417 per share
- Issue Size: Approx ₹4,225 crores
- Fresh Issue: Approx ₹1,475 crores
- Offer for Sale: Approx ₹2,750 crores
- Listing: BSE & NSE
- Retail Quota: Not more than 10%
- QIB Quota: Not more than 75%
- NII Quota: Not more than 15%
The IPO will list on both BSE and NSE and is expected to generate significant investor interest due to its reputation in the diamond industry.
International Gemological Institute IPO GMP:
IPO GMP (Grey Market Premium) refers to the unofficial premium at which IPO shares are traded in the grey market before listing. The International Gemological Institute IPO has shown some interesting trends in its GMP. The GMP for IGI IPO as of December 10, 2024 stood at ₹100, with a high of ₹145 on December 10, 2024, and a low of ₹100 on the same day.
Here’s the latest IPO GMP trend:
- 11 December: ₹100
- 10 December: ₹100 (high of ₹145)
- 9 December: ₹130
- 7 December: No GMP
The positive GMP indicates strong demand for the IPO in the grey market, suggesting a reasonable listing premium. However, Kostak’s Rates for selling IPO applications are ₹2,500, indicating that the IGI IPO could have a promising listing.
Note: It’s essential to monitor these GMP trends, as they may fluctuate, influencing the IPO’s potential listing price. Learn more about GMP and its impact on IPO investments.
Why Invest in International Gemological Institute IPO?
Investing in IGI IPO can be attractive for several reasons:
- Industry Leadership: IGI is the world’s second-largest certification company, with decades of diamond and gemstone grading expertise.
- Strong Global Presence: With its reach in natural and laboratory-grown diamonds, IGI is well-positioned to capitalise on the growing demand for gemological services.
- Favourable Market Conditions: As the global jewellery market grows, so does the demand for certified diamonds, positioning IGI for long-term success.
The IPO’s retail quota of up to 10% allows small investors to participate. Still, the QIB (Qualified Institutional Buyer) quota of 75% suggests that institutional investors may drive most of the demand.
Key Dates to Remember:
- IPO Open Date: December 13, 2024
- IPO Close Date: December 17, 2024
- Basis of Allotment: December 18, 2024
- Refunds: December 19, 2024
- Credit to Demat Account: December 19, 2024
- Listing Date: December 20, 2024
Stay tuned for the GMP updates leading to the listing date. Explore more about IPO Flipping and how it impacts investor decisions.
FAQs on International Gemological Institute IPO
Q1: What is the price band of IGI IPO?
The price band for the IGI IPO is set between ₹397 to ₹417 per share.
Q2: When will the IGI IPO open and close?
The IPO will open on December 13, 2024, and close on December 17, 2024.
Q3: What is the GMP for IGI IPO?
The GMP for IGI IPO has fluctuated, reaching ₹145 on December 10, 2024. It is currently at ₹100 as of December 11, 2024.
Q4: What is the issue size of the IGI IPO?
The IGI IPO has an issue size of approximately ₹4,225 crores.
Q5: What is the Kostak rate for IGI IPO?
The Kostak rate for the IGI IPO is ₹2,500.
For detailed insights into IPO basics, read about OFs vs IPO and its significance in investments here.
This article provides a comprehensive overview of the International Gemological Institute IPO, from the GMP trends to key IPO details and important dates. Whether you’re an experienced investor or a newcomer, understanding these elements will help you make an informed decision. Stay updated on all IPO movements and grey market trends by keeping an eye on our blog page at Tap Invest.
