International Gemological Institute (IGI) Share Price, IPO Listing Highlights: The IPO hit Dalal Street at a premium of 23%. It was subscribed to a total of 35.48 times. The retail investors booked the issue 11.77 times and the employee portion was subscribed almost 22 times. The QIBs booked the issue 48.11 times.
International Gemological Institute IPO raised Rs 4,225 crore through a combination of a fresh issue and an offer for sale. It was opened on December 13 and ended on December 17. The allotment of shares was finalized on December 18. The IPO price band was fixed between Rs 397 and Rs 417 per share. Axis Capital, Kotak Mahindra Capital Company, Morgan Stanley India Company, and SBI Capital Markets are the book-running lead managers of the IPO, while Kfin Technologies is the registrar for the issue.
International Gemological Institute (IGI) Share Price: Check IPO Listing Live Updates
International Gemological Institute (IGI) IPO Listing Live Updates: Stock closed lower
International Gemological Institute (IGI) IPO Listing Live Updates: Lead Managers
The International Gemmological IPO was managed by Axis Capital, Kotak Mahindra Capital Company, Morgan Stanley India Company, and SBI Capital Markets as the book-running lead managers. Kfin Technologies handled the registration for the issue.
International Gemological Institute (IGI) IPO Listing Live Updates: About IGI
IGI India is a globally recognized leader in certifying and grading natural diamonds, laboratory- grown diamonds, studded jewelry, and colored stones, as well as offering educational programs. The company has demonstrated consistent figures in both revenue and profit in the reported periods and is also a dividend-paying entity.
International Gemological Institute (IGI) IPO Listing Live Updates: Shares down 5.2%
Sahres of International Gemological Institute falls 5.2% to trade at Rs 483.45 after listing at a premium of 23% on the National Stock Exchange. The stock soon fell after the listing.
International Gemological Institute (IGI) IPO Listing Live Updates: Bajaj Broking on IPO
"Over the last three fiscal years, the company posted an average EPS of Rs. 6.84 (basic) and an average RoNW of 78.40%. The issue is priced at a P/BV of 25.71 based on its NAV of Rs 16.22 as of September 30, 2024, and at a P/BV of 8.51 based on its post-IPO NAV of Rs 49.02 (at the upper cap)," said Bajaj Broking in an IPO note.
International Gemological Institute (IGI) IPO Listing Live Updates: Shares slip 1.5%
Shares of IGI slip 1.56% to trade at Rs 502.05 crore after listing at a premium of 23% on the National Stock Exchange. The company was listed at Rs 510 on the NSE.
International Gemological Institute (IGI) IPO Listing Live Updates: Lists at 23% premium
The company’s shares hit the D-Street at Rs 510, a premium of 23% on the National Stock Exchange. While on BSE, the stock was listed at Rs 505, a premium of 21% to the issue price.
International Gemological Institute (IGI) IPO Listing Live Updates: Key concern for company
The company's reliance on information technology systems and risks of disruptions or security breaches. It bears the risk related to the grading process, fraud prevention, and quality control challenges.
International Gemological Institute (IGI) IPO Listing Live Updates: GMP update
The stock of the International Gemological Institute was fetching a premium of 38.13% in the grey market. This suggests that the stock may list at a price of around Rs 576. The grey market is an unofficial place to trade shares illegally.