International Gemmological Institute IPO Day 2 Live Updates: Issue booked 17% so far, check IGI IPO GMP today, review

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₹1,900 crore from anchor investors on Thursday. The public offering, priced between ₹397 and ₹417 per share, is set to close on December 17.

This ₹4,225-crore IPO consists of a fresh issue of equity shares totaling ₹1,475 crore and an Offer-for-Sale (OFS) amounting to ₹2,750 crore from promoter BCP Asia II TopCo Pte Ltd, a Blackstone affiliate.The firm plans to use the funds from the new issue for acquiring IGI Belgium Group and IGI Netherlands Group from the promoter, along with other general corporate purposes. International Gemmological Institute (India) Ltd offers services associated with the certification and accreditation of natural diamonds, lab-grown diamonds, studded jewelry, and colored stones.Stay tuned for more updatesThe second day of bidding kicked off for International Gemmological Institute IPO.

Investors can place their bids for the IPO now. The issue was subscribed 17% at the end of Day 1.IPO Open Date: Friday, December 13, 2024IPO Close Date: Tuesday, December 17, 2024Basis of Allotment: Wednesday, December 18, 2024Initiation of Refunds: Thursday, December 19, 2024Credit of Shares to Demat: Thursday, December 19, 2024Listing Date: Friday, December 20, 2024The initial public offering of International Gemmological Institute (India) Ltd was 17% subscribed on its first day of the share sale on Friday.

According to NSE data, the IPO received bids for 98,72,800 shares out of the 5,85,60,902 shares available for sale. The retail investor portion saw a 70% subscription, while the non-institutional investor segment was 14% subscribed.International Gemmological Institute (India) Ltd, backed by Blackstone, raised ₹1,900 crore from anchor investors on Thursday, ahead of its initial public offering (IPO).