International Gemological Institute (IGI) IPO allotment will be finalized on December 18, following a strong subscription rate of 35.48 times as of the final bidding day, December 17. Here’s a comprehensive guide for investors to check their allotment status online.

How to Check IGI IPO Allotment Status:

On Kfin Technologies Website:

  1. Visit the official Kfin Technologies website.
  2. Hover over the ‘Products’ section.
  3. Select ‘IPO Allotment Status’ under the Investors section.
  4. Fill in the required details:
    • Company Name
    • Application Number / Demat Account Number / PAN Number
  5. Enter the captcha code and click on ‘Search’ to view the status.

On NSE Website:

  1. Go to the NSE IPO Portal: NSE IPO Allotment Status.
  2. Register with your basic details such as Name, PAN Number, Address, and Contact Information.
  3. Log in with your credentials and select ‘International Gemological Institute’ from the list.
  4. Enter your Application Number and click on ‘Get Data’.

Refunds and Listing Date

  • Refunds and shares will be credited to investors’ bank accounts and Demat accounts by December 19.
  • The IGI shares are expected to be listed on NSE and BSE on December 20.

Grey Market Premium (GMP)

Shares of IGI are trading at a 21.5% premium over the issue price in the grey market. GMP trends indicate likely gains on the listing day.

About International Gemological Institute (IGI)

  • IGI is the world’s second-largest independent certification services provider for loose stones and studded jewellery.
  • A leader in providing certification for laboratory-grown diamonds, IGI caters to a diverse clientele along the diamond value chain.

Expert’s Take

“At the upper price band, the company is valued at a P/E of 43.75x with a post-issue market cap of ₹1,802 crore and a return on net worth of 76.58%. The IPO is fairly priced, and we recommend a ‘Subscribe-Long Term’ rating,” said Anand Rathi Research.

This IPO presents an opportunity for investors looking for long-term growth in the niche diamond certification sector. Stay tuned for the official listing on December 20.

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