International Gemmological Institute IPO - Day 3 Subscription at 0.94 Times

As the International Gemmological Institute IPO concludes its final day, we're seeing an evolving story of measured investor participation, with overall subscription reaching 0.94 times by 10:15 AM on December 17, 2024. What's particularly noteworthy in this subscription pattern is the strong employee confidence, demonstrated by an impressive 8.22 times subscription in the employee category. This significant internal participation often serves as a positive indicator of company prospects, as employees typically have intimate knowledge of the organization's potential.

International Gemmological Institute IPO retail segment has shown growing conviction with 3.01 times subscription, while Non-Institutional Investors have demonstrated measured confidence at 1.24 times, with particularly strong interest from smaller NIIs at 1.82 times. The QIB portion stands at 0.09 times, though this should be viewed in context of the substantial anchor book of ₹1,900.35 crores, which provides a strong institutional foundation for the issue.
 

Subscription Status of International Gemmological Institute IPO:

*As of 11:45 AM

Here are the subscription details for International Gemmological Institute IPO as of Day 3 (17th December 2024, 10:15 AM):

Total Applications: 8,81,737

International Gemmological Institute IPO Key Highlights Day 3

• Overall subscription reached 0.94 times, showing steady progress
• Employee participation stands out at 8.22 times, demonstrating strong internal confidence
• Retail investors showed growing confidence with 3.01 times subscription
• NII category improved to 1.24 times, with stronger sNII participation at 1.82 times
• Total bids received for 5.26 crore shares worth ₹2,194.427 crores
• Applications reached 8,81,737, indicating broad market interest
• Strong employee backing suggests positive internal outlook
• Balanced subscription pattern across retail and NII segments

International Gemmological Institute IPO - Day 2 Subscription at 0.77 Times

• Overall subscription improved to 0.77 times, showing growing interest
• Employee portion strengthened to 7.13 times subscription
• Retail segment grew to 2.58 times subscription
• NII participation increased to 0.88 times
• Day two response indicated building momentum
• Strong employee confidence continued
• Subscription trend suggested growing market assessment
• Pattern showed methodical investor approach

International Gemmological Institute IPO - Day 1 Subscription at 0.18 Times

Key Highlights:

• Overall subscription began at 0.18 times
• Employee portion showed early confidence at 2.54 times
• Retail investors demonstrated initial interest at 0.75 times
• NII category started at 0.15 times
• Opening day response reflected measured evaluation
• Strong employee interest highlighted internal confidence
• Initial subscription trend suggested careful assessment
• Day one established foundation for growth

About International Gemmological Institute (India) Limited

Founded in 1999, International Gemmological Institute (India) Limited has established itself as a global leader in diamond, gemstone, and jewelry certification. Operating through 31 laboratories across 10 countries, including key markets like Surat, Mumbai, Antwerp, and New York, the company provides comprehensive certification services for both natural and lab-grown diamonds.

With 843 employees, including 316 gemologists, IGI has built a strong reputation in the gemological industry. The company's service portfolio encompasses diamond grading, colored stone evaluation, finished jewelry assessment, and educational programs through their network of 20 laboratories and 9 schools under the Pre-Acquisition Group.

Highlights of the International Gemmological Institute IPO:

• IPO type: Book Built Issue
• IPO size: ₹4,225.00 crores
• Fresh Issue: ₹1,475.00 crores
• Offer for Sale: ₹2,750.00 crores
• Face value: ₹2 per share
• Price band: ₹397 to ₹417 per share
• Lot size: 35 shares
• Minimum investment for retail investors: ₹14,595
• Minimum investment for sNII: ₹204,330 (14 lots)
• Minimum investment for bNII: ₹1,007,055 (69 lots)
• Employee discount: ₹39 per share
• Listing at: BSE, NSE
• IPO opens: December 13, 2024
• IPO closes: December 17, 2024
• Allotment date: December 18, 2024
• Refund initiation: December 19, 2024
• Credit of shares: December 19, 2024
• Listing date: December 20, 2024
• Lead Managers: Axis Capital Limited, Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Pvt Ltd and SBI Capital Markets Limited
• Registrar: Kfin Technologies Limited