Yes, the International Gemmological Institute (IGI) India IPO was significantly oversubscribed, finishing with a total subscription of over 33 times by the end of the bidding period on December 17, 2024. The demand was driven by strong interest from Qualified Institutional Buyers (QIBs), who bid for over 45 times their allocated quota.
Should you subscribe to IGI IPO? IGI India commands a 33% share of the global gemstone certification market. In India, IGI India is the largest independent certification and accreditation services provider in terms of the number of certifications (~50% market share) for CY23.
When the IPO subscription times is more than 1, the IPO is oversubscribed. For example, if a company offers 10,000 shares and receives bids for 20,000 shares.
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Shares of Blackstone-backed International Gemmological Institute India (IGI) were locked at the 10 per cent lower circuit at Rs 366.60, also its new low on the BSE in Monday's intra-day trade after the company reported a flat revenue at Rs 190.29 crore in December 2024 quarter (Q3FY25), against Rs 189.2 crore in ...
IGI and GIA are two of the most reputable and widely recognized diamond certification organizations in the world. Both IGI and GIA provide diamond grading reports that offer information about a diamond's quality and characteristics.
Is IPO allotment based on luck? Yes, the allotment process for IPOs in India predominantly relies on a random selection system for retail investors. This lottery approach is implemented to guarantee an equitable distribution of shares when demand surpasses supply.
The benefits of pre-application include early access to apply for IPOs, reduced stress from last-minute rush, and strategic advantages such as better preparation time. This feature is especially useful for busy professionals, frequent IPO investors, beginners, and those who value preparation.
International Gemmological Institute Ltd. has shown exceptional financial performance from 2021 to 2024. Revenue grew significantly from ₹374.29 crores in 2021 to ₹648.66 crores in 2023, with 2024 already reaching ₹619.49 crores in just nine months.
IGI is a portfolio company of US-based Blackstone Group, the world's largest alternate asset manager with assets under management (AUM) of $1,107.63 billion as of September 30, 2024.
The allotment for International Gemmological IPO was finalized on Dec 18, 2024. The shares got listed on BSE, NSE on Dec 20, 2024. International Gemmological IPO price band is set at ₹417 per share. The lot size for an application is 35.
We used a sample of 148 IPOs on the CSE from 1991 to 2017. In this period, we found that IPOs were on average underpriced by 47% and that 32 IPOs were overpriced by approximately 17%–18%.
With its strong global presence, leadership in the diamond certification market, and robust financial performance, IGI presents a compelling investment opportunity.
IGI diamond certification is usually less expensive than diamonds graded by GIA of the same quality. IGI certification is typically recommended when obtaining lab diamond grading reports.
When the hype over a new business or product doesn't meet its expectations, the excitement quickly wanes, and the possibility of an initial public offering (IPO) failure looms. Even when an IPO starts strong, it can lose money on the first day of going public or several days after and, eventually, fail.
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