Terms of the offer
The share allotment in the initial public offering of Blackstone-backed International Gemmological Institute (India) Ltd. is set to be finalised on Wednesday, December 18. International Gemmological Institute IPO saw a strong response from bidders during its subscription and was booked 33.78 times ... The allotment status will appear on the screen. The Grey Market Premium (GMP) for the IGI IPO is currently around ₹91 per share. This suggests an expected listing price of ₹508 per share, which is about 22% higher than the upper price band of ₹417. However, GMP is only an indication and not a guarantee of actual listing prices. The investors who applied for the IPO will be able to check the International Gemological Institute IPO allotment status on Wednesday. They can check the allotment online on the KFin Technologies Limited website or the BSE, NSE website. This unique facility allows investors to verify the status of their application submitted to Trading Member or SCSB (Self Certified Schedule Banks) provided that Trading Member/ SCSB have uploaded the application on BSE’s book building software - iBBS .
