Upcoming IPO: The Worldwide Gemmological Institute (IGI) IPO is about to open for public subscription on Friday, December 13, 2024. The corporate plans to boost as much as ₹4,225 crore by the providing. The IPO features a recent concern of ₹1,475 crore and an Provide for Sale (OFS) of ₹2,750 crore.
Listed below are the important thing issues to find out about Worldwide Gemmological Institute IPO, asper the corporate in its Purple Herring Prospectus (RHP):
Worth band, lot dimension
The worth band is about at ₹397 to ₹417 per share. Traders should bid for at least 35 shares, which quantities to an funding of ₹14,595 on the higher worth band. Retail buyers can apply for as much as 13 heaps (455 shares) with a most funding of ₹1,89,735.
Key dates
IPO opening date: December 13, 2024
IPO cut-off date: December 17, 2024
Foundation of allotment finalization: December 18, 2024
Share credit score to demat accounts: December 19, 2024
Itemizing date: December 20, 2024
IPO goals
The corporate goals to make use of proceeds from the recent concern to:
Fund the acquisition of IGI Belgium Group and IGI Netherlands Group for 1,300 crore.
Cowl basic company bills.
The OFS proceeds will go to promoting shareholders.
Registrar and lead managers
KFin Applied sciences is the registrar for the IPO. Axis Capital, Kotak Mahindra Capital, Morgan Stanley India, and SBI Capital Markets are the lead managers.
About Worldwide Gemmological Institute
IGI is a number one certification physique for diamonds, gems, and jewelry. Established in 1999, the corporate operates 31 laboratories worldwide and provides academic packages in gemology. It has a broad market presence in India, Europe, the US, and Asia.
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