IGI IPO subscription opens today: GMP up 18%; Should you bid or avoid?

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IGI IPO subscription opens today: GMP up 18%; Should you bid or avoid? - Business Standard

Quick Summary:

International Gemological Institute IPO GMP is up 17.

The brokerage believes IGI holds a leadership position in the global market and is growing consistently in financial metrics, including robust results for the nine months ending September 2024.

It expects after the proposed acquisition of its international group, the company will become an undisputed leader in the gems certification business across the globe.