International Gemmological Institute (India) Ltd. has announced public offering of 116509592 shares at a price of Rs 2.00 each for Cash at a Premium of Rs 415.00 per share. The gross proceeds of the issue are expected to be Rs 4,85,845.00 lakhs.
The company's initial public offer (IPO) will open on 13 December 2024 and is expected to close on 17 December 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 397.00-417.00 per share.
The IPO includes a fresh Issue of 116509592 Equity Shares of the Company at an price of Rs 417.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 35 shares with bids in multiples of 35.
International Gemmological Institute (India) Ltd. anticipates using the proceeds of the issue for .
Kotak Mahindra Capital Company Ltd.,Axis Capital Ltd.,Morgan Stanley India Company Private Limited,SBI Capital Markets Ltd. as lead manager(s) & KFin Technologies Ltd. is the registrar, to the issue.