International Gemological Institute IPO 2024 allotment status subscription status listing: The company’s share allotment will be finalised on December 18. The IPO was subscribed to a total of 35.48 times. The retailers booked it 11.77 times. The company raised Rs 4,225 crore.
International Gemmological IPO was opened on December 13 and closed on December 17. The allotment for International Gemmological IPO was finalized on Wednesday, December 18, 2024. The IPO is likely to be listed on BSE and NSE on December 20, as per the tentative schedule. The IPO price band was between Rs 397 to Rs 417 per equity 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 IPO 2024 Highlights: Check allotment status online on NSE, BSE, Kfin Technologies
International Gemological Institute IPO Live Updates: Understanding the 27.82% Premium
A 27.82% premium in the grey market for IGI shares translates to a significant markup over the IPO price. This informal trading suggests that shares may list at Rs 533, underscoring strong market demand. Such premiums often arise from a mix of speculative trading and genuine investor interest. However, grey market prices are not guarantees, and the actual listing price will depend on broader market conditions and investor sentiment on the day of listing.
International Gemological Institute IPO Live Updates: Investor Optimism for IGI
The grey market is buzzing with activity around International Gemological Institute's shares, reflecting a 27.82% premium. This enthusiasm suggests a potential listing price of Rs 533, higher than the IPO price band. The company's strong reputation in gem certification and growing market share are likely contributors to this optimism. Investors are eager to see if the official listing aligns with or exceeds these expectations, making it a much-anticipated event.
International Gemological Institute IPO Live Updates: A Strong Debut Expected
The International Gemological Institute is poised for a strong stock market debut, as indicated by a 27.82% grey market premium. This reflects significant interest among investors, suggesting a listing price of Rs 533 per share. The company, known for its gem certification services, has garnered attention for its growth prospects. Such premiums in the grey market often hint at robust demand, though actual listing prices may vary based on market dynamics.
International Gemological Institute IPO Live Updates: What is the Grey Market?
The grey market is an unofficial marketplace where shares of companies set for IPOs are traded before their official listing on stock exchanges. Prices in the grey market often indicate investor sentiment and potential listing performance. In the case of IGI, a 27.82% premium in this market suggests optimism among traders, with an expected listing price of Rs 533. While grey market activity is not regulated, it provides insights into demand trends.
International Gemological Institute IPO Live Updates: Grey Market Premium
The shares of International Gemological Institute (IGI) were trading at a premium of 27.82% in the grey market. This suggests strong investor demand ahead of its stock market debut. The grey market, an informal platform for trading shares before their official listing, is signaling an estimated listing price of Rs 533 per share. Investors are closely watching the IPO performance, expecting a favorable listing driven by the premium valuation in this unofficial market.
International Gemological Institute IPO Live Updates: Fund utilisation
The company plans to use the net proceeds for two main purposes: first, to pay for the acquisition of IGI Belgium Group and IGI Netherlands Group from the promoter, and second, for general corporate purposes.
International Gemological Institute IPO Live Updates: Choice Broking's take
"With India holding a 95% share of the global diamond polishing market by volume, IGI, as the market leader, is well-positioned to benefit from this dominance in the long term. However, despite the high valuations, the industry's positive growth trends may support IGI's future prospects. Thus, we recommend a “subscribe for long term” rating for this issue," said Choice Broking in an IPO note.
International Gemological Institute IPO Live Updates: Key strength of company
International Gemological Institute IPO Live Updates: Anand Rathi Research on IPO
"At the upper price band, the company is valuing at P/E of 43.75x, with a market cap of Rs 18,020.8 crore post issue of equity shares and return on net worth of 76.58%. We believe that the IPO is fairly priced and recommend a “Subscribe-Long term” rating to the IPO," said Anand Rathi Research in an IPO note.
Investors can check their allotment staus online on the website of Kfin Technologies. Apart from that, they can check the staus on NSE and BSE.
International Gemological Institute IPO Live Updates: GMP update
The shares of International Gemological Institute were trading at a premium of 27.82% in the grey market. This indicates a listing of the company's shares at Rs 533. The grey market is an unofficial place to trade shares ahead of listing.