International Gemological Institute IPO share allotment: Steps to check status on NSE, BSE and Kfin Technologies

International Gemological Institute IPO allotment status is expected to be finalised on December 18, after the mainboard issue closed with a strong subscription.

The ₹4,225-crore book building issue was open for subscription from December 13 to December 17.

The IPO was overall subscribed 33.78 times led by the Qualified Institutional Buyers (QIBs). The mainboard issue received bids for more than 197.83 crore shares against 5.85 crore shares on offer.

The Non-Institutional Investors (NIIs) booked their quota 24.84 times, with bids for 39.62 crore shares against the 1.6 crore shares reserved for them. The QIBs booked their quota 45.8 times by applying for 146.17 crore shares compared to the 3.19 crore shares available. The retail quota was booked 11.21 times. The retail investors applied for more than 11.91 crore shares against 1.06 crore shares on offer.

Investors can check the IPO share allotment status on the websites of the BSE, NSE and issue registrar, Kfin Technologies Ltd.

International Gemological Institute IPO: Steps to check allotment status on the NSE

• Visit the NSE IPO allotment status page: https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• If you already have an account, log in using your credentials. The new users need to complete the registration before logging in.
• From the drop-down menu, choose ‘International Gemological Institute India’.
• Enter your application number and PAN details to proceed with the verification.
• After entering the required information, click on ‘Submit’ to view your IPO allotment status.

Here’s how to check International Gemological Institute IPO allotment status on Kfin Technologies

• Visit the official Kfin Technologies IPO allotment status page: https://ris.kfintech.com/ipostatus/.
• Select any one link out of the 5 options.
• From the dropdown menu, select ‘International Gemological Institute India’. The company’s name will appear once the share allocation process is complete.
• Enter any of these details— application number, Demat account number or PAN (Permanent Account Number).
• Complete the Captcha verification.
• Click the ‘Submit’ button to view your IPO allotment status.

The investors can also check the IPO allotment status on the BSE website using the PAN and IPO application number.

International Gemological Institute IPO: Key details

Founded in February 1999, the International Gemological Institute (India) Ltd. specialises in certifying and grading diamonds, gemstones and jewellery.

The institute provides independent grading reports, assessing the key characteristics of stones, such as colour, cut, clarity and carat weight, based on internationally accepted standards.

International Gemological Institute (India) Ltd. also offers educational programmes and degrees related to the gem and jewellery industry.

The company operates 31 laboratories globally, and also runs 18 gemology schools.

Here are the key details about the mainboard IPO:

• The mainboard IPO comprised a fresh issue of 3.54 crore shares, worth ₹1,475 crore, and an offer-for-sale component of 6.59 crore shares, aggregating to ₹2,750 crore.
• Once the allotment process is over, the company will initiate refunds and transfer of shares to the Demat accounts on December 19.
• The International Gemological Institute IPO listing date has been tentatively fixed as December 20. Shares of the company will be listed on the NSE and BSE.
• The price band for the IPO was set between ₹397 and ₹417 per share.
• For retail investors, the minimum bid size was a single lot of 35 shares, amounting to an investment of ₹14,595.

International Gemological Institute IPO objectives

The company aims to use the net proceeds from the IPO for the acquisition of IGI Belgium Group and IGI Netherlands Group from the promoter. A portion of the proceeds will be allocated for general corporate purposes.

International Gemological Institute India Ltd key financials

For the nine-month period ending September 30, 2024, the company recorded a revenue from operations of ₹569.35 crore and a net profit of ₹326.06 crore.

In 2023, the company’s revenue from operations stood at ₹638.53 crore compared to ₹490.99 crore in 2022. Its profit after tax (PAT) in 2023 increased to ₹324.74 crore, against ₹241.76 crore in 2022.

International Gemological Institute India shareholding pre and post-issue

The sole promoter of the company is BCP Asia II TopCo Pte. Ltd. Before the issue, the promoter held 100% of the shares, which will be reduced to 76.55% following the IPO.