International Gemmological Institute Raises INR 1900 Crore from 68 Anchor Investors

December 16, 2024

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International Gemmological Institute (India) Limited raises Rs. 1900 crore from 68 anchor investors at the upper price band of Rs. 417 per equity share

Chandigarh, December 16, 2024: Axis Capital Limited, Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited and SBI Capital Markets Limited are the Book Running Lead Managers to the issue.

International Gemmological Institute (India) Limited, has allocated 4,55,71,942 Equity Shares to 68 anchor Investors and raised ₹1,900 crore ahead of company’s proposed IPO at the upper price band of ₹417 per equity share (including premium of ₹415 per equity shares) with face value of ₹2 per share.

Government of Singapore, Monetary Authority of Singapore, Nomura Fund Ireland Public Ltd, Abu Dhabi Investment Authority, Fidelity Investment Trust were amongst the prominent Foreign Institutional Investors participated who invested in the company as anchor investor

Motilal Oswal MF, ICICI Prudential Fund, Axis Mutual Fund, Quant MF, SBI Life Insurance were amongst the prominent Domestic Institutional Investors who invested in the company as anchor investors.

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