International Gemmological IPO subscribed 72% on Day 2 of offer

Quick Summary:

The IPO aims to raise ₹4,225 crore, with a portion going towards acquiring IGI Belgium and IGI Netherlands.

Retail investors showed strong interest, while institutional investors lagged.

The International Gemmological Institute (India) Ltd's IPO was subscribed 72% on its second day.

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Article Details

Author / Journalist: PTI

Category: EconomyBusiness

Markets: IndiaBelgiumJapanNetherlands

Topics: International Gemmological Institute IPO Diamond grading firm IPO India IPO subscription Blackstone-backed IPO Business news Retail investors IPO

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-16 @ 20:37:52 (3 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 576 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 24434126

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