The International Gemmological Institute (IGI) IPO has caught the attention of investors, with the allotment process expected to be finalized today, December 18, 2024. This IPO received a lot of interest due to high subscription numbers and the possibility of listing gains. Investors who applied are eagerly waiting to find out if they have been allotted shares.
Important Dates for IGI IPO
- Allotment Date: December 18, 2024
- Refunds Date: December 19, 2024
- Shares Credited to Demat Accounts: December 19, 2024
- Listing Date: December 20, 2024
The IPO was available for subscription from December 13 to December 17, with shares priced between ₹397 and ₹417 each.
How to Check Your IGI IPO Allotment Status
If you applied for this IPO, here’s how to check if you have been allotted shares:
On the BSE Website
- Visit the BSE website and go to the IPO Status page.
- Select “Equity” as the Issue Type.
- Select “International Gemmological Institute Limited” from the list.
- Enter your Application Number or PAN.
- Complete the CAPTCHA verification and click on “Search.”
On the Kfin Technologies Website (Registrar)
- Go to the KFinTech IPO Status page.
- Choose “International Gemmological Institute Limited” from the IPO options list.
- Please provide your Application Number, Demat Account Number, or PAN.
- Fill in the CAPTCHA and click “Submit.”
The allotment status will appear on the screen.
The Grey Market Premium (GMP) for the IGI IPO is currently around ₹91 per share. This suggests an expected listing price of ₹508 per share, which is about 22% higher than the upper price band of ₹417. However, GMP is only an indication and not a guarantee of actual listing prices.
Subscription Details
The IGI IPO saw strong demand from all investor categories:
- Overall Subscription: 33.77 times
- Retail Investors: 11.13 times
- Non-Institutional Investors (NII): 24.83 times
- Qualified Institutional Buyers (QIB): 45.80 times
This high demand reflects strong interest, especially from institutional investors.
Details of the IGI IPO
The IPO aimed to raise ₹4,225 crore through:
- A fresh issue of 3.54 crore equity shares worth ₹1,475 crore.
- An offer for sale (OFS) of 6.59 crore shares totaling ₹2,750 crore.
The funds will support the company’s expansion and strengthen its financial position.
IGI shares are scheduled to make their debut on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on December 20, 2024. Investors can begin trading the shares on this date.
While the Grey Market Premium suggests a strong listing, future stock performance will depend on the company’s growth, market trends, and overall economic conditions. Investors are advised to do thorough research or consult a financial expert before making investment decisions.
The IGI IPO has generated a lot of buzz, and with the allotment results out today, all eyes are now on the listing day. Stay informed and plan your investments carefully for the best returns!
