International Gemmological Institute’s IPO debuted on December 20 with shares listing at ₹510 on NSE, a 22.3% premium, and ₹504.85 on BSE, up 21.07%. The ₹4,225 crore IPO was open for subscription from December 13 to 17, with a price band of ₹397-417.
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The International Gemmological IPO closed with strong demand, oversubscribed 35.48 times. It received bids for 197.83 crore shares against 5.57 crore shares offered. The retail segment was subscribed 11.77 times, NII 26.09 times, QIB 48.11 times, and Employees 21.79 times.
International Gemmological Institute India Limited certifies diamonds, jewellery, and gemstones, operating in India and Türkiye. It offers educational programs and grading services through IGI Schools. With 20 labs, nine schools, and 843 employees, it strengthens customer relationships and industry standards.
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The objective of the International Gemmological Institute (India) IPO is to raise funds for expanding operations, enhancing infrastructure, and increasing brand visibility. The capital will also be used to strengthen its market presence and support growth initiatives across various segments.
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