International Gemmological Institute (India) Limited shall open its Bid/Offer in relation to its initial public offer of Equity Shares on Friday, December 13, 2024.
- Issue Opens on: Friday, December 13, 2024
- Issue Closes on: Tuesday, December 17, 2024
- Face Value: Rs 2 each
- Price Band: ₹ 397 – ₹ 417 Per Share
- Lot Size: 35 Equity Shares
The total offer size of equity shares (face value of Rs. 2 each) aggregating up to Rs. 4,225 crore comprises a Fresh Issue of aggregating up to Rs. 1,475 crore and Offer for Sale of equity shares aggregating up to Rs. 2,750 crore. Price Band of the issue is fixed at Rs. 397 to Rs 417 per equity share. Bids can be made for a minimum of 35 Equity Shares and in multiples of 35 Equity Shares thereafter.
The Company proposes to utilize the Net Proceeds towards funding the following objects – Payment of the purchase consideration for the acquisition of IGI Belgium Group and IGI Netherlands Group from Promoter estimated to Rs. 1,300 crore; and the balance amount towards General corporate purpose.
The offer for sale comprises of equity shares aggregating up to Rs. 2750 crore by BCP Asia II TopCo Pte. Ltd.
