Solid Debut For International Gemological Institute Ltd.: IGI Shares Listed At 22% Premium On The Market. Read To Know More 

The shares of Blackstone-owned International Gemological Institute Ltd. were listed with decent gains in the Indian markets.  With a premium of 21.07%, IGI shares ere listed at Rs. 504 a piece on the BSE. On NSE, IGI shares experienced a slightly higher premium at 22.30%, resulting in a listing price of 510 apiece. 

The public offer of International Gemological Institute (India) Ltd. was a mix of fresh issue worth 1,475 crores and an Offer For Sale (OFS) aggregating to a total IPO size of 4,225 crore. The IPO was offered for subscription with a price band of Rs 397 – Rs 417 and a lot size of 35 shares. 

Details Of Grey Market Premium Of IGI Ltd. Shares

The shares of International Gemological Institute Limited were trading with a grey market premium of Rs 159 in the unlisted markets, resulting in a price of Rs 576 per share. The Grey market premium on the shares was 38.13% over the IPO price of Rs 417, depicting strong demand from the investors; however, the listing took place lower than the expectation of the unlisted markets. 

Key Details About The IGI Ltd. Ipo 

About International Gemological Institute (India) Limited

IGI India Limited is the leading organisation in the diamond, jewellery and gemstone certification industry. It uses international standards for certification and accreditation for diamonds, lab-grown diamonds, jewellery, and gemstones. It has a portfolio of 31 laboratories all over the globe, with 18 schools for teaching gemology to thousands of students. It is also one of the constituents of the portfolio of US-based asset management firm Blackstone. International Gemology Institute holds a robust market share of 33% in the diamond certification segment and a 65% share in the laboratory-grown diamonds segment.