International Gemological Institute (IGI) IPO Allotment Status – Steps to Check on BSE and KFin Technologies
International Gemological Institute IPO: Allotment Status & Subscription Insights The International Gemological Institute’s initial public offer (IPO) concluded its subscription period on December 17, 2024. The ₹4,225 crore IPO garnered significant attention, being subscribed a total of 33.79 times by the end of the final day. The allotment of shares is likely to take place on December 18, 2024, with a tentative listing date of December 20, 2024.
IGI IPO: Issue Details
The IPO opened for subscription on December 13, 2024, and closed on December 17, 2024. The ₹4,225 crore fundraise combines a fresh issue of 3.54 crore equity shares and an offer-for-sale of 6.59 crore shares.
Basis of Allotment Finalization: December 18, 2024
Listing Date: December 20, 2024
IGI IPO: Subscription Details
The IGI IPO witnessed strong demand across all investor categories:
Qualified Institutional Buyers (QIBs): Subscribed 45.80 times (146.17 crore shares against 3.19 crore on offer).
Non-Institutional Investors (NIIs): Subscribed 24.84 times (39.63 crore shares against 1.59 crore on offer).
Retail Investors: Subscribed 11.22 times (11.93 crore shares against 1.06 crore on offer).
Employee Category: Received 11.54 lakh bids against an offer of 55,865 shares.
Overall, the IPO was subscribed 33.79 times with bids for 197 crore shares against 5.85 crore shares on offer.
IGI IPO: Price Band and Lot Size
Price Band: ₹397 to ₹417 per share
Lot Size: 35 shares
Minimum Investment: ₹14,595
Non-Institutional Investors Minimum Lots:
Small NIIs: 14 lots
Big NIIs: 69 lots
How to Check IGI IPO Allotment Status
Investors can check the allotment status on either the BSE website or the KFin Technologies website.
Steps to Check Allotment Status on BSE Website
- Visit the BSE website.
- Select ‘Equity’ under the ‘Issue Type’dropdown.
- Choose ‘International Gemological Institute (India) Limited’ from the ‘Issue Name’.
- Enter your PAN or Application Number.
- Click ‘Search’ to view your allotment status.
Steps to Check Allotment Status on KFin Technologies Website
- Visit the KFin Technologies website.
- Select any of the five available servers.
- Choose ‘International Gemological Institute (India) Limited’ from the list of companies.
- Enter your Application Number, Demat Account Number, or PAN.
- Complete the CAPTCHA verification.
- Click ‘Submit’ to view the allotment status.
About International Gemological Institute (IGI)
The International Gemological Institute (IGI) is a globally recognized organization specializing in the certification and grading of diamonds, jewels, and gemstones. Founded in 1999, IGI operates 31 laboratories worldwide and manages 18 gemology schools. The institute also provides specialized courses and degrees in jewelry grading.
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