International Gemmological Institute shares list at 22% premium against issue price on BSE, NSE
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International Gemmological Institute shares listed on the NSE with a 22.3% premium (Rs 93), at Rs 510, on Friday. The stock debuted with a 21.1% premium (Rs 88), at Rs 505, on the BSE. The IPO of IGI, which was a combination of fresh equity sale worth Rs 1475 crore and an OFS of 6.59 crore shares, received a healthy response from investors with a subscription of 35 times at close. Funds from the fresh issue will be used to acquire the IGI Belgium Group and IGI Netherlands Group, consolidating global operations under the IGI brand. Remaining proceeds will go towards general corporate purposes. Mega multibagger! Billionaire Jhunjhunwala family makes 530x return in Inventurus IPOThe IPO was valued at a PE of 82.9x based on the FY25 annualized earnings, suggesting that the issue is fully priced. Part of the globally recognized IGI Group, the company certifies natural diamonds, lab-grown diamonds, jewelry, and colored stones, while also offeri...