International Gemmological Institute’s shares listed at a 22.3% premium to its issue price, at ₹510 on the NSE, and reached an intraday high of ₹525. However, on a day when the markets were experiencing a sell-off, the company was unable to maintain its momentum, and it ended the day 8.2% lower from its listing price, at ₹468.45, but still up 13% over the issue price.
The International Gemmological Institute India Limited, which operates in Turkey and India, certifies gemstones, jewelry, and diamonds. Through IGI Schools, it provides grading services and educational initiatives. It improves industry standards and client interactions with its 20 labs, 9 schools, and 843 staff.
International Gemmological Institute Listing Details
International Gemmological Institute shares opened at ₹510 on the NSE and ₹504 on the BSE when trading started at market open, giving IPO investors a handsome 22.3% and 21.07% premium, respectively. This strong beginning confirms that the company’s established certification capabilities and global market presence are recognized by the market.
The company fixed the final issue price at ₹417 after strategically pricing its IPO between ₹397 and ₹417 per share, which resulted in the significant premium. This pricing strategy effectively struck a compromise between fair value for the company’s growth potential and accessibility for institutional investors.
International Gemmological Institute IPO Details
The International Gemmological IPO is a Rs 4,225.00 crore book-built issuance. 6.59 crore shares totaling Rs 2,750.00 crores are being offered for sale in addition to a new issue of 3.54 crore shares totaling Rs 1,475.00 crores. The bidding period for the International Gemmological IPO began on December 13, 2024, and closed on December 17, 2024. On Wednesday, December 18, 2024, the International Gemmological IPO allocation was finalized. On December 20, 2024, the shares were listed on the BSE and NSE.
The pricing range for the International Gemmological IPO is ₹397 to ₹417 per share. An application must have a minimum lot size of 35. Retail investors are required to invest a minimum of ₹14,595. Both sNII and bNII require a minimum lot size investment of 14 lots (490 shares), or ₹2,04,330, and 69 lots (2,415 shares), or ₹10,07,055, respectively.
