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International Gemmological Institute India Limited IPO Subscriptions Status Live Today

 

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International Gemmological Institute India Limited IPO

December 13, 2024 - December 17, 2024 Closed

International Gemmological Institute (India) Limited IPO Details

Issue Open

13 December 2024

Issue Close

17 December 2024

IPO Price

₹397 - ₹417 per equity share

Face Value

₹2 per equity share

IPO Size

₹4,225.00 Cr.

Listing At

NSE, BSE

IPO Lot Size

35 shares

 

IPO Investor Categories


• Qualified Institutional Buyers (QIB)- qualified institutional buyers (QIBs) are large investors, their investment expertise, such as mutual funds, insurance companies, pension funds and hedge funds, who are considered to have the expertise and resources to evaluate investment opportunities - it requires standards to be met, and retail investors are allowed to bid shares at prices below the offer.

 

• Non-Institutional Investors (NII) - Non-institutional investors (NIIs), on the other hand, generally consist of individual investors, high net worth individuals (HNIs), or companies that do not meet the financial criteria a be classified as QIBs and allowed to participate in Initial Public Offering IPOs at the same price as retail investors.

 

NII category has two subcategories:

 

1. sNII - "sNII" means "small non-institutional investor". This sub-category includes investors who have created shares of ₹2 lakh and ₹10 lakh in Initial Public Offering IPO.

 

2. bNII - "bNII" means "large non-institutional investor". This sub-category includes investors who have created shares worth more than ₹10 lakh in initial Public Offering IPO.

 

• Retail Individual Investors (RII) - Retail Individual Investors (RIIs) are individual investors who apply for shares worth up to ₹2 lakh in Initial Public Offering IPOs, aimed at encouraging retail participation in IPOs.


• Employee (EMP)- 
The employee (EMP) category in an IPO is reserved for employees, directors and associate employees of the issuing company, and the issuing company and the Initial Public Offering IPO's chief executive officer determine the allocation of shares in this category.

• Others- An eligible group of shareholders or other investors with investments in an Initial Public Offering IPO.

Frequently Asked Question

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