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2 min read | Updated on December 19, 2024, 15:49 IST
SUMMARY
International Gemmological Institute IPO was a fresh offering of equity shares valued at ₹1,475 crore and an offer-for-sale (OFS) worth ₹2,750 crore.
International Gemmological Institute (India) Ltd accredits and certifies laboratory-grown diamonds, natural diamonds, coloured stones and studded jewellery.
According to consolidated data on the NSE, the ₹4,225 crore initial public offering received bids for 1,97,83,66,950 equity shares against 5,85,60,902 shares on offer.
Category | Number of Times Subscription |
---|---|
Qualified Institutional Buyers (QIBs) | 45.80 |
Non-institutional Investors | 24.84 |
Retail Individual Investors (RIIs) | 11.21 |
Total | 33.78 |
The issue was a fresh offering of equity shares valued at ₹1,475 crore and an offer-for-sale (OFS) worth ₹2,750 crore. Under the OFS, promoter Blackstone's affiliate BCP Asia II TopCo Pte Ltd will offload 6.59 crore shares.
The money raised will be used to acquire the International Gemological Institute (IGI) Belgium Group and IGI Netherlands Group and for general corporate purposes.
International Gemmological Institute shares will be listed on the NSE and the BSE on Friday, December 20, at 10 am.
Particulars | CY21 (Standalone) | CY22 (Consolidated) | CY23 (Cons) | 9M CY24 (Cons) |
---|---|---|---|---|
Revenue | ₹ 364.69 cr | ₹ 490.99 cr | ₹ 638.53 cr | ₹ 569.35 cr |
Net Profit | ₹ 171.53 cr | ₹ 241.76 cr | ₹ 324.74 cr | ₹ 326.06 cr |
International Gemmological Institute (India) Ltd accredits and certifies laboratory-grown diamonds, natural diamonds, coloured stones and studded jewellery.
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