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International Gemmological Institute (India) Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

₹ 4225

Price Range (₹)

₹ 417

Lot Size

35

Min Investment (₹)

₹ 14,595.00

Listing Exchange

MumbaiNSE

Open Date

13-Dec-2024

Close Date

17-Dec-2024

Listing Date

20-Dec-2024

Latest IPO News

International Gemmological Institute (India) Ltd IPO Details

Initial public offering of 101,323,893# equity shares of face value of Rs. 2 each (Equity Shares) of International Gemmological Institute (India) Limited (The Company or the Company) for cash at a price of Rs. 417 per equity share (including a premium of Rs. 415 per equity share) (Offer Price) aggregating to Rs. 4225.00# crores (the Offer) comprising a fresh issue of 35,376,651# equity shares of face value Rs. 2 each aggregating to Rs. 1475.00# crores (the Fresh Issue) and an offer for sale (the Offer for Sale) of 65,947,242# equity shares of face value Rs. 2 each aggregating to Rs. 2750.00# crores, by BCP Asia ii Topco Pte. Ltd. (Promoter Selling Shareholder) (Offered Shares). This offer included a reservation of 52,910# equity shares of face value Rs. 2 each (constituting 0.01% of the post-offer paid-up equity share capital of the company) aggregating to Rs. 2.00 crores for subscription by eligible employees (as defined hereinafter) (the Employee Reservation Portion). The company, in consultation with the brlms offered a discount of 9.35% of the offer price to eligible employees bidding in the employee reservation portion (Employee Discount). The offer less the employee reservation portion is hereinafter referred to as the Net Offer. The offer and the net offer constituted 23.45% and 23.43% of its post-offer paid-up equity share capital of the company, respectively. The face value of equity shares is Rs. 2 each. The offer price is 50.98 times the face value of the equity share. # Subject to finalisation of basis of allotment.

Objective of issue

Payment of the purchase consideration for the acquisition of the IGI Belgium Group and IGI Netherlands Group for its promoters. General corporate purposes.

International Gemmological Institute (India) Ltd Contact Details

International Gemmological Institute (India) Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - investor.relations@igi.org

Website - https:, www.igi.org