International Gemmological Institute IPO Allotment Finalisation Today: How to Check Status Online
The allotment for the Initial Public Offering (IPO) of International Gemmological Institute (India) Ltd., a diamond grading firm backed by Blackstone, is set to be finalized today, December 18. The company is expected to list its shares on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on December 20.
The IPO, which opened for bidding between December 13 and 17, witnessed robust investor enthusiasm. The price band was set at ₹397-₹417 per share, and the issue achieved an impressive overall subscription of 22 times the total shares on offer. Investors placed bids for 197.83 crore shares against the 5.85 crore shares available.
The high subscription rate indicates strong market confidence in International Gemmological Institute (India) Ltd., a key player in the diamond grading industry.
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