₹ 14595
₹397- ₹417
35
₹
-0
17 Dec 2024
Download19 Dec 2024
20 Dec 2024
Application Details
The International Gemmological Institute IPO is set to open for subscription from December 13 to December 17, 2024. The IPO features a face value of ₹2 per share and a price band ranging from ₹397 to ₹417 per share, with a lot size of 35 shares. The total issue size comprises 101,318,944 shares, aggregating up to ₹4,225.00 crore. This includes a fresh issue of 35,371,702 shares (₹1,475.00 crore) and an offer for sale of 65,947,242 shares (₹2,750.00 crore). As a book-built issue, the IPO will be listed on the BSE and NSE. The pre-issue shareholding stands at 396,783,045, which will increase to 432,154,747 post-issue.
The IPO timeline includes the opening date on December 13, 2024, and the closing date on December 17, 2024. The basis of allotment will be finalized on December 18, 2024, followed by the initiation of refunds and credit of shares to demat accounts on December 19, 2024. The shares are scheduled to be listed on December 20, 2024. For retail investors, the minimum application size is one lot of 35 shares, amounting to ₹14,595, while the maximum is 13 lots (455 shares) costing ₹1,89,735. Reservation details indicate that not more than 75% of the net offer is reserved for qualified institutional buyers (QIBs), at least 10% for retail investors, and at least 15% for non-institutional investors (NIIs).
About International Gemmological Institute (India) Limited
Company Overview
Incorporated on February 23, 1999, International Gemmological Institute (India) Limited (IGI) is a globally recognized organization specializing in certifying and grading diamonds, gemstones, and jewellery. It is a key player in the gem and jewellery industry, offering comprehensive services and educational initiatives.
Business Overview
International Gemmological Institute India provides independent certification and grading reports for natural and laboratory-grown diamonds, colored gemstones, and finished jewellery. Using internationally recognised standards, these reports analyze critical parameters like color, cut, clarity, and carat weight. The company also offers educational courses and degree programs to support the gem and jewellery trade.
The company operates 31 laboratories across 10 countries, including India, the United States, Belgium, Thailand, the UAE, Hong Kong, and China. Additionally, it manages 18 gemology schools worldwide, graduating thousands of students each year. As of September 30, 2024, IGI India’s network included 20 laboratories and 9 schools under the Pre-Acquisition Group, supported by 843 employees, including 316 gemologists.
Key Services Offered
- Diamond Grading
Certification for natural and lab-grown diamonds, covering the 4Cs (cut, color, clarity, carat weight) and additional parameters like fluorescence and symmetry. - Colored Gemstone Grading
Detailed evaluation reports for precious stones such as rubies, sapphires, and emeralds. - Jewelry Evaluation
Quality and craftsmanship assessment for finished jewellery, including diamond and gemstone certification. - Education Programs
Specialized courses in gemology, diamond grading, jewellery design, and related subjects.
FAQ
IPO stands for "Initial Public Offering." It's the process through which a privately-held company becomes publicly traded by offering its shares to the general public and listing them on a stock exchange for trading. This allows the company to raise capital from investors and grants individuals and institutions the opportunity to invest in and own a portion of the company.
The life cycle of an IPO, or Initial Public Offering, begins with a company's decision to go public. It involves hiring underwriters, registering with regulatory authorities, determining the IPO price, marketing to investors, and the subscription period where investors place orders for shares. After allocation and listing, shares become publicly tradable, and the company enters the secondary market. Ongoing reporting and corporate governance are crucial as the company continues to operate as a publicly-traded entity. The IPO aims to raise capital for growth and provides investors with opportunities to trade shares in the company.
An IPO (Initial Public Offering) is when a private company goes public by selling shares to the public. Investors buy these shares, giving them ownership in the company. It's a way for companies to raise capital and expand. The process involves underwriters, regulatory filings, setting the IPO price, and marketing to investors. After the IPO, shares can be traded on a stock exchange. IPOs offer opportunities and risks, so investors should research and consider carefully.
"Upcoming IPOs" refers to initial public offerings that have been announced by private companies but have not yet occurred. These are companies that plan to go public in the near future by issuing shares to the public and listing them on a stock exchange. Investors often keep an eye on upcoming IPOs as they represent opportunities to invest in companies at their early stages of public trading, potentially capturing growth potential. These offerings are typically accompanied by significant media and investor attention as they approach their launch dates.