International Gemological Institute IPO allotment, and it’s been getting a lot of attention lately. The IPO recently closed with a super strong subscription, and now everyone is waiting to find out if they got allotted shares or not.
Subscription Details
The IPO was open for subscription from December 13 to December 17, and it was a big hit! The total subscription was 33.78 times the number of shares available, which means a lot of people wanted in on the action.
Who Subscribed?
The Qualified Institutional Buyers (QIBs) were the big players in this game, subscribing for a whopping 45.8 times their quota. Non-Institutional Investors (NIIs) also showed a lot of interest, subscribing 24.84 times their quota. Even the retail investors got in on the action, subscribing 11.21 times their quota.
How to Check Allotment Status
If you’re one of the investors eagerly waiting to find out if you got allotted shares, you can check the IPO share allotment status on the websites of the BSE, NSE, and issue registrar, Kfin Technologies Ltd. So, keep an eye out for updates on December 18!
International Gemological Institute IPO: Steps to check allotment status on the NSE
- Visit the NSE IPO allotment status page: https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
- If you already have an account, log in using your credentials. The new users need to complete the registration before logging in.
- From the drop-down menu, choose ‘International Gemological Institute India’.
- Enter your application number and PAN details to proceed with the verification.
- After entering the required information, click on ‘Submit’ to view your IPO allotment status.
Here’s how to check International Gemological Institute IPO allotment status on Kfin Technologies
- Visit the official Kfin Technologies IPO allotment status page: https://ris.kfintech.com/ipostatus/.
- Select any one link out of the 5 options.
- From the dropdown menu, select ‘International Gemological Institute India’. The company’s name will appear once the share allocation process is complete.
- Enter any of these details— application number, Demat account number or PAN (Permanent Account Number).
- Complete the Captcha verification.
- Click the ‘Submit’ button to view your IPO allotment status.
The investors can also check the IPO allotment status on the BSE website using the PAN and IPO application number.
International Gemological Institute: A Quick Overview
Did you know that the International Gemological Institute (India) Ltd. was founded in February 1999? This institute is all about certifying and grading diamonds, gemstones, and jewelry. They provide reports that tell you all about the color, cut, clarity, and weight of these precious stones, following international standards. Plus, they offer educational programs related to the gem and jewelry industry. Cool, right?
With 31 labs around the world and 18 gemology schools, this company is a big deal in the gem world!
Key Details About the IPO
- There were 3.54 crore new shares up for grabs, valued at ₹1,475 crore, along with 6.59 crore shares for sale, totaling ₹2,750 crore.
- After the allotment process, refunds and share transfers will happen on December 19.
- The listing date for the IPO is tentatively set for December 20 on the NSE and BSE.
- The price range for the IPO was between ₹397 and ₹417 per share.
- For regular folks like us, the minimum bid size was 35 shares, costing ₹14,595.
What’s the Goal of the IPO?
The company plans to use the money raised from the IPO to buy IGI Belgium Group and IGI Netherlands Group from the owner. Some of the funds will also go towards general business needs.
Financial Stats of International Gemological Institute India Ltd
For the nine months ending on September 30, 2024, the company made ₹569.35 crore in revenue and ₹326.06 crore in profit. In 2023, their revenue was ₹638.53 crore, up from ₹490.99 crore in 2022. Their profit after tax in 2023 was ₹324.74 crore, compared to ₹241.76 crore in 2022. That’s some serious growth!
Who Owns International Gemological Institute India Ltd?
Before the IPO, the company was fully owned by BCP Asia II TopCo Pte. Ltd. After the IPO, the promoter’s ownership will drop to 76.55%. That’s a big change!
| Share Holding Pre Issue | 100% |
|---|---|
| Share Holding Post Issue | 76.55% |