International Gemological Institute (India) Ltd announced its IPO with bidding dates of 13 Dec—17 Dec 2024. It is one of the leading companies in the world, with labs located in 10 countries. The company is also one of the leading gemstone and jewelry certification companies. If you are an IPO subscriber, you should know the International Gemological Institue IPO GMP (grey market premium) Today to know the estimated listing price in advance as per the current GMP.
The IPO is attracting a lot of investors as the diamond-studded market is likely to grow at a CAGR of 20% till 2028. The growth in the market will also benefit its share price, as per experts we may see a 20% to 30% gain in its share price. On the other side, the Gold jewelry market is likely to face a decline of 70% to 75% by 2028.
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International Gemological Institute IPO GMP Today
As of 11 Dec 2024, International Gemological Institute IPO GMP (grey market premium) Today is trading at Rs. 105. As per the GMP, the estimated listing price of the IPO in NSE and BSE is Rs. 522.
| Date | Live IPO GMP | EST. Listing Gains | Price Band | IPO Size | Bidding Dates |
|---|---|---|---|---|---|
| 14 Dec 2024 (Today) | ₹105 | ₹522 (25.18%) | ₹397 – ₹417 | ₹4,225.00 Crores | 13 Dec – 17 Dec 2024 |
Disclaimer: You should not completely rely on the IPO GMP as it is not an accurate indicator, and its trend may change rapidly anytime. Before applying for an IPO, you should check various things like Brokerage or Expert view, Subscription Levels or Status, Risks Involved, Financials, Industry and Market Conditions, Valuations, Company Fundamentals, Promoters and management, etc.
About International Gemological Institute (India) Ltd
International Gemological Institute (IGI) was founded in 1975, it is one of the largest independent geological laboratories in the world. The company is engaged in the business of grading, certifying, and researching gemstones, diamonds, and jewelry.
The company provides services like Diamond Screening, Diamond Sorting, Jewelry Authentication, Education and Training, Research & Innovation, Duplicate/Updated reports (USA only), Laserscribe, Registration & Recovery (USA only), and Appraisals (USA only).
IGI’s IPO Details
International Gemological Institute IPO bidding dates are from 13 Dec to 17 Dec 2024. The allotment date of the IPO is set to 18 Dec 2024 and it is going to list in the stock market by 20 Dec 2024. The price range of the IPO is set to Rs. 397 to Rs. 417.
| IPO Type | Mainboard |
| IPO Open Date | 13 Dec 2024 |
| IPO Close Date | 17 Dec 2024 |
| IPO Listing Date | 20 Dec 2024 |
| Refunds Date | 19 Dec 2024 |
| IPO Allotment Date | 18 Dec 2024 |
| IPO Demat Credit Date | 19 Dec 2024 |
| IPO Price Band | ₹397 to ₹417 Per Share |
| IPO Listing | NSE & BSE |
| Issue Size | Approx ₹4225.00 Crores |
| Fresh Issue | Approx ₹1475.00 Crores |
| Offer For Sale | Approx 65,947,242 Equity Shares |
| NII Quota | Not More Than 15% |
| QIB Quota | Not More Than 75% |
| Retail Quota | Not More Than 10% |
| Prospectus | Click Here |
Profit and Loss
The company is one of the largest players in the business and has a presence in many countries. On the other side, the net profit of the company is also growing over the years. Currently, 2 years of annual profit and loss data of the company is available i.e. Dec 2022 and Dec 2023.
In the Dec 2022, the company reported 491 sales and a net profit of Rs. 242 crores. In Dec 2023, the company reported 639 sales and a net profit of Rs. 325 crores.
FAQs
As of 14 Dec 2024, the International Gemological Institute IPO GMP is trading at Rs. 105 which means the stock can list at Rs. 522 (25.18%). The estimated listing price and listing gains are based on the current IPO GMP.
International Gemological Institute is a financially strong company. The company is almost a debt-free company as on the company there is a debt of Rs. 30.6 crores.
As per the 2 years of annual profit and loss data of the company, it is clear it is consistently making good profits. Also, the experts are bullish on the industry and they expect it will also benefit the stock and can lead the stock to surge up to 25% during this period.
International Gemological Institute company is engaged in the business of grading, certifying, and researching gemstones, diamonds, and jewelry.
The company provides services like Diamond Screening, Diamond Sorting, Jewelry Authentication, Education and Training, Research & Innovation, Duplicate/Updated reports (USA only), Laserscribe, Registration & Recovery (USA only), and Appraisals (USA only).
Conclusion
International Gemological Institute (India) Ltd is a mid-cap Gemstone and Jewelry certification sector company. It is an almost debt-free and consistently profit company. The company provides many services and courses related to the business and sector. Currently, International Gemological Institute IPO GMP is trading at Rs. 105.