International Gemological Institute (IGI) Share Price, IPO Listing Live Updates: Check listing, date, time, GMP, and other details

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International Gemological Institute (IGI) Share Price, IPO Listing Live Updates: The IPO is all set to make its debut in the secondary market. It was subscribed to a total of 35.48 times. The retail investors booked the issue 11.77 times and the employee portion was subscribed almost 22 times. The QIBs booked the issue 48.11 times. 

International Gemmological IPO raised Rs 4,225 crore through a combination of a fresh issue and an offer for sale. It was opened on December 13 and ended on December 17. The allotment of shares was finalized on December 18. The IPO price band was fixed between Rs 397 and Rs 417 per share. Axis Capital, Kotak Mahindra Capital Company, Morgan Stanley India Company, and SBI Capital Markets are the book-running lead managers of the IPO, while Kfin Technologies is the registrar for the issue.

Live UpdatesInternational Gemological Institute (IGI) Share Price: Check IPO Listing Live Updates 09:37 (IST) 20 Dec 2024 International Gemological Institute (IGI) IPO Listing Live Updates: Key concern for company

The company’s reliance on information technology systems and risks of disruptions or security breaches. It bears the risk related to the grading process, fraud prevention, and quality control challenges.

09:21 (IST) 20 Dec 2024 International Gemological Institute (IGI) IPO Listing Live Updates: GMP update

The stock of the International Gemological Institute was fetching a premium of 38.13% in the grey market. This suggests that the stock may list at a price of around Rs 576. The grey market is an unofficial place to trade shares illegally.

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