International Gemological Institute (IGI) IPO Allotment Status - Check Steps for BSE and KFin Technologies & Subscription Details
International Gemological Institute’s initial public offer (IPO) concluded the subscription period on December 17, 2024, and the shares of the company will likely be allotted on December 18, 2024. The ₹4,225 crore IPO was subscribed a total of 33.79 times at the end of the final day.
International Gemological Institute IPO: Issue Details
The International Gemological Institute’s IPO opened for subscription on December 13, 2024, and concluded the subscription period on December 17, 2024. The company intends to raise ₹4,225 crore through a combination of a fresh issue of 3.54 crore equity shares and an offer-for-sale of 6.59 crore shares. The basis of allotment will likely be finalised on December 18, 2024, while the tentative listing date for the shares is fixed on December 20, 2024.
International Gemological Institute IPO: Subscription Details
The International Gemological Institute IPO received a strong response with robust demand from institutional and non-institutional investors.
The portion for qualified institutional buyers (QIB) was subscribed 45.80 times with bids for 146.17 crore shares against 3.19 crore shares on offer. The IPO’s portion reserved for non-institutional investors (NIIs) was booked 24.84 times with bids for 39.63 crore shares against 1.59 crore shares on offer.
The issue’s portion kept aside for retail investors was subscribed over 11.22 times with bids for 11.93 crore shares against 1.06 crore shares on offer. The portion reserved for the company’s employees received an overwhelming response as the company received bids for 11.54 lakh shares against an offer of 55,865 shares.
In total, the issue was subscribed 33.79 times, with bids for 197 crore shares against 5.85 crore shares on offer.
International Gemological Institute IPO: Price Band and Lot Size
The price band for the International Gemological Institute IPO was set at ₹397 to ₹417 per share. The issue had a lot size of 35 shares. To apply to the International Gemological Institute IPO, a minimum investment of ₹14,595 was required. The minimum lot size for small non-institutional investors and big non-institutional investors was set at 14 lots and 69 lots, respectively
How to Check Allotment Status for International Gemological Institute?
Investors can check the allotment status of the International Gemological Institute either on the Bombay Stock Exchange (BSE) website or on the Kfin Tech website.
Check International Gemological Institute IPO Allotment Status on BSE
Step 1: Visit the BSE website by clicking here
Step 2: Under ‘Issue Type’, select equity.
Step 3: Select ‘International Gemological Institute (India) Limited’ under the ‘Issue Name’.
Step 4: Enter your PAN or Application number to check the allotment status.
Check International Gemological Institute IPO Allotment Status on Kfin Technologies Website
Step 1: Visit the website of Kfin Technologies by clicking here.
Step 2: Next, select any of the five servers.
Step 3: From the list of companies, select ‘International Gemological Institute (India) Limited’.
Step 4: Fill in your Application Number, Demat account number or PAN.
Step 5: Enter the CAPTCHA
Step 6: Click on submit to view your allotment status
About International Gemological Institute
The International Gemological Institute is a globally recognized organisation that certifies and grades diamonds, jewels, and gemstones. Founded in 1999, the company has a wide presence with 31 laboratories across the world and 18 gemology schools. In addition, the company also offers courses and degrees related to grading jewelry.