Subdued Response for International Gemmological Institute (India) IPO: Investor Interest Falls Short

The International Gemmological Institute (India) Limited IPO is struggling to attract strong investor interest as it nears its final subscription day on December 17, 2024. As of 11:40 AM today, the IPO has only been subscribed 0.35 times the total shares offered, reflecting weak market enthusiasm.

Among the different categories, Retail Individual Investors (RIIs) have shown the most interest, with their subscription rate reaching 1.38 times the allocated shares. Employees have also demonstrated significant participation, bidding 4.41 times their reserved quota. However, Qualified Institutional Buyers (QIBs) have shown little interest, with their subscription rate at a near-zero 0.00 times.

The IPO, which opened on December 13, is offering 5,85,60,902 equity shares in total. Retail investors have bid for 1,46,33,815 shares across both the cut-off and price bid categories. Non-Institutional Investors have shown limited interest, bidding for 57,04,965 shares, which represents a 0.36 times subscription.

Despite retail investors’ involvement, the overall response suggests a lackluster debut for the International Gemmological Institute (India) Limited IPO.