Gem Certification/Services - Listed on 20 December 2024
International Gemmological Institute (IGI) (Gem Certification/Services) closed its IPO window in 2024 and listed on NSE and BSE on 20 December 2024 at an upper band issue price of Rs 417, opening at Rs 471.17 for a listing gain of +13.0% and closing day one at Rs 471.17 (+13.0% on closing basis). The IPO was subscribed 80.78x overall - QIB 201.06x, HNI/NII 76.40x, Retail 22.04x. The total issue size was Rs 4,050 Cr (Fresh Issue Rs 1300 Cr, OFS Rs 2750 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Gem Certification/Services
International Gemmological Institute (IGI) operates in the Gem Certification/Services space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The International Gemmological Institute (IGI) issue was offered at an upper price of Rs 417 and raised approximately Rs 4,050 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 125 | +45.56% |
| Day 2 | Rs 125 | +44.36% |
| Day 3 | Rs 140 | +44.36% |
| Day 4 | Rs 165 | +41.97% |
| Day 5 | Rs 175 | +44.60% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the International Gemmological Institute (IGI) IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
International Gemmological Institute (IGI) IPO listed at +13.0% versus the upper issue price of Rs 417 on 20 December 2024.
International Gemmological Institute (IGI) IPO was subscribed 80.78x overall. QIB portion was subscribed 201.06x, HNI / NII 76.40x and Retail 22.04x.
IPO GMP started at Rs 125 on Day 1 and moved to Rs 175 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.