International Gemmological Institute IPO sees 17% subscription on Day 1, retail leads; check latest GMP

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 The International Gemmological Institute (IGI) IPO saw a modest 17% subscription on its first day of bidding, with retail investors leading the charge. The IPO, valued at ₹4,225 crore, includes a fresh issue of ₹1,475 crore and an offer for sale of ₹2,750 crore. As of Day 1, retail investors had subscribed 0.7 times, while non-institutional investors and qualified institutional buyers saw limited participation.



The grey market premium (GMP) for the IPO suggests a potential listing gain of approximately 17.99%. Based on this, the stock could list around ₹492 per share, compared to the issue price's upper band of ₹417​

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