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International Gemological Institute IPO 2024 live allotment status subscription status listing: The company’s share allotment will be finalised on December 18. The IPO was subscribed to a total of 35.48 times. The retailers booked it 11.77 times. The company raised Rs 4,225 crore.
International Gemmological IPO was opened on December 13 and closed on December 17. The allotment for International Gemmological IPO was finalized on Wednesday, December 18, 2024. The IPO is likely to be listed on BSE and NSE on December 20, as per the tentative schedule. The IPO price band was between Rs 397 to Rs 417 per equity 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.
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The shares of International Gemological Institute were trading at a premium of 27.82% in the grey market. This indicates a listing of the company’s shares at Rs 533. The grey market is an unofficial place to trade shares ahead of listing.
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