How To Check International Gemmological Institute (IGI) IPO Allotment Status Online

The share allotment in the initial public offering of Blackstone-backed International Gemmological Institute (India) Ltd. is set to be finalised on Wednesday, December 18.

International Gemmological Institute IPO saw a strong response from bidders during its subscription and was booked 33.78 times on the back of strong demand from qualified institutional buyers. Overall, investors applied for 1,97,83,33,035 shares against the 5,85,60,902 up for grabs.

QIBs booked their portion 45.80 times, while non-institutional investors subscribed to their allocation 24.84  times. Retail investors booked their quota by 11.21 times, and eligible employees bid for 20.63 times the shares set aside for them.

The Rs 4,225.00-crore mainboard issue consists of a fresh issue of 3.54 crore shares amounting to Rs 1,475 crore, and an offer for sale of 6.59 crore shares worth Rs 2,750 crore.

The IGI India IPO price band was fixed at Rs 397 to Rs 417 per share. The listing of the shares is expected on Friday, December 20.

Investors who have applied for International Gemmological Institute IPO shares will now look forward for their share allotment status. 

Here is how to check on BSE, NSE, and the registrar KFin Technologies Ltd.’s websites.

• Visit the IPO allotment page on the BSE website here.

• Click on Equity under the Issue Type dropdown menu.

• Select 'International Gemmological Institute Ltd.' under the company name.

• Enter your application number or PAN.

• Clear the 'Captcha' to verify that you are not a robot.

• Select the 'Search' option to view your allotment status.

• Visit the official website of KFin Technologies here.

• Choose any one from the five servers.

• Select 'International Gemmological Institute Ltd'. from the list of companies.

• Enter the Application Number, Demat account number or PAN.

• Enter details as per your selection.

• Clear Captcha.

• Click Submit to view the allotment status.

The grey market premium of the International Gemmological Institute IPO was Rs 90 as of 10:01 am on December 18, according to InvestorGain. This indicates a listing gain of 21.58%, with the projected listing price being Rs 507 apiece.

Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.

International Gemmological Institute will use a portion of the net proceeds to pay the purchase consideration for acquiring IGI Belgium Group and IGI Netherlands Group from the promoter. The rest of the proceeds will be used for general corporate purposes.

International Gemmological Institute (IGI) provides independent grading reports that assess and certify the characteristics of gemstones, following internationally recognised standards. These reports provide detailed information on key attributes such as colour, cut, clarity, and carat weight.

In addition to certification services, IGI offers educational programmes and degree courses designed for the gem and jewellery industry, backed by its research department.

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read red herring prospectus thoroughly before placing bids.