International Gemmological Institute IPO Lists at ₹510 on NSE, Surging 22.3% Above Issue PriceInternational Gemmological Institute IPO Lists at ₹510 on NSE, Surging 22.3% Above Issue Price

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.

Also Read: Travel stock in focus after it partners with OLX for travel booking

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.

Also Read: Stock hits 5% upper circuit after company announces fundraise

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.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.