The initial public offering (IPO) of International Gemmological Institute (India) Limited is experiencing subdued investor interest as it approaches its final day of subscription on December 17, 2024. Consolidated bid details as of 11.40 am today reveal a total subscription of just 0.35 times the total shares offered, indicating weak market enthusiasm.
The most promising category has been Retail Individual Investors (RIIs), who have shown the highest subscription rate of 1.38 times the allocated shares. Employees have also demonstrated strong participation, bidding 4.41 times their reserved quota. However, Qualified Institutional Buyers (QIBs) have shown minimal interest, with a near-zero subscription of 0.00 times the allocated shares.
The IPO, which opened on December 13, 2024, is offering 5,85,60,902 equity shares. Retail investors have been particularly active, with 1,46,33,815 shares bid across cut-off and price bid categories. Non-Institutional Investors have bid for 57,04,965 shares, representing a 0.36 times subscription.
