Int. Gemmological Institute raises Rs. 1900 crore from 68 anchor investors
- Price Band fixed at Rs. 397 to Rs 417 per equity share of face value of Rs. 2 each (“Equity Shares”)
- Bid /Issue Opening Date – Friday, December 13, 2024 and Bid/Issue Closing Date – Tuesday, December 17, 2024
- Bids can be made for a minimum of 35 Equity Shares and in multiples of 35 Equity Shares thereafter.
- A discount of Rs. 39.7 – Rs. 41.7 per Equity Share is being offered to Eligible Employees bidding in the Employee Reservation Portion.
- Link: https://www.bseindia.com/markets/MarketInfo/DownloadAttach.aspx?id=20241212-55&attachedId=71564dd8-675d-4e11-b354-2b83f9a9c529
Axis Capital Limited, Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited and SBI Capital Markets Limited are the Book Running Lead Managers to the issue.
International Gemmological Institute (India) Limited, has allocated 4,55,71,942 Equity Shares to 68 anchor Investors and raised ₹1,900 crore ahead of company’s proposed IPO at the upper price band of ₹417 per equity share (including premium of ₹415 per equity shares) with face value of ₹2 per share.
Government of Singapore, Monetary Authority of Singapore, Nomura Fund Ireland Public Ltd, Abu Dhabi Investment Authority, Fidelity Investment Trust were amongst the prominent Foreign Institutional Investors participated who invested in the company as anchor investor
Motilal Oswal MF, ICICI Prudential Fund, Axis Mutual Fund, Quant MF, SBI Life Insurance were amongst the prominent Domestic Institutional Investors who invested in the company as anchor investors.
|
SR NO |
NAME OF ANCHOR INVESTOR | NO. OF EQUITY SHARES ALLOCATED |
PERCENTAGE OF THE ANCHOR INVESTOR PORTION
(%) |
BID PRICE
(₹ PER EQUITY SHARE) |
TOTAL AMOUNT ALLOCATED AT THE ANCHOR INVESTOR ALLOCATION PRICE ON APPLICATION
(₹) |
| 1 | GOVERNMENT OF
SINGPORE |
42,96,635 | 9.43 | 417 | 1,79,16,96,795 |
| 2 | MONETARY AUTHORITY OF
SINGAPORE |
12,18,945 | 2.67 | 417 | 50,83,00,065 |
| 3 | ICICI PRUDENTIAL
LARGE & MID CAP FUND |
11,84,925 | 2.60 | 417 | 49,41,13,725 |
| 4 | ICICI PRUDENTIAL
FLEXI CAP FUND |
11,84,925 | 2.60 | 417 | 49,41,13,725 |
| 5 | ICICI PRUDENTIAL
BHARAT CONSUMPTION FUND |
11,84,925 | 2.60 | 417 | 49,41,13,725 |
| 6 | ICICI PRUDENTIAL INNOVATION
FUND |
11,84,925 | 2.60 | 417 | 49,41,13,725 |
| 7 | ICICI PRUDENTIAL
EXPORTS AND SERVICES FUND |
2,96,240 | 0.65 | 417 | 12,35,32,080 |
|
8 |
NOMURA FUNDS IRELAND PUBLIC LIMITED COMPANY- NOMURA FUNDS IRELAND – INDIA
EQUITY FUND |
23,98,060 |
5.26 |
417 |
99,99,91,020 |
| 9 | ABU DHABI INVESTMENT AUTHORITY –
MONSOON |
23,98,060 | 5.26 | 417 | 99,99,91,020 |
| 10 | GOVERNMENT PENSION FUND
GLOBAL |
23,98,060 | 5.26 | 417 | 99,99,91,020 |
| 11 | AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS CONSUMPTION
FUND |
5,99,515 |
1.32 |
417 |
24,99,97,755 |
|
12 |
AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND
A/C AXIS GROWTH OPPORTUNITIES FUND |
10,79,155 |
2.37 |
417 |
45,00,07,635 |
|
13 |
AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS
MULTICAP FUND |
5,99,515 |
1.32 |
417 |
24,99,97,755 |
|
14 |
AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS VALUE
FUND |
1,19,875 |
0.26 |
417 |
4,99,87,875 |
| 15 | Ashoka Whiteoak icav-Ashoka Whiteoak Emerging
Markets Equity Fund |
2,39,820 | 0.53 | 417 | 10,00,04,940 |
|
16 |
ASHOKA WHITEOAK EMERGING MARKETS TRUST
PLC |
1,19,910 |
0.26 |
417 |
5,00,02,470 |
| 17 | ASHOKA INDIA EQUITY INVESTMENT
TRUST PLC |
4,79,640 | 1.05 | 417 | 20,00,09,880 |
|
18 |
ASHOKA WHITEOAK ICAV- ASHOKA WHITEOAK INDIA OPPORTUNITIES
FUND |
15,58,690 |
3.42 |
417 |
64,99,73,730 |
|
19 |
FIDELITY INVESTMENT TRUST FIDELITY EMERGING ASIA
FUND |
10,74,045 |
2.36 |
417 |
44,78,76,765 |
|
20 |
FIDELITY ADVISOR SERIES VIII: FIDELITY ADVISOR EMERGING ASIA
FUND |
4,65,290 |
1.02 |
417 |
19,40,25,930 |
| 21 | FIDELITY FAR
EAST FUND |
2,59,210 | 0.57 | 417 | 10,80,90,570 |
| 22 | QUANT MUTUAL
FUND – QUANT LARGE CAP FUND |
17,98,545 | 3.95 | 417 | 74,99,93,265 |
| 23 | QUANT MUTUAL
FUND – QUANT FOCUSED FUND |
5,99,515 | 1.32 | 417 | 24,99,97,755 |
| 24 | SBI LIFE INSURANCE COMPANY
LIMITED |
23,98,060 | 5.26 | 417 | 99,99,91,020 |
| 25 | WF ASIAN
RECONNAISSANCE FUND LIMITED |
23,98,060 | 5.26 | 417 | 99,99,91,020 |
| 26 | MOTLAL OSWAL
LARGE CAP FUND |
5,99,515 | 1.32 | 417 | 24,99,97,755 |
| 27 | MOTILAL OSWAL
SMALLCAP FUND |
4,79,605 | 1.05 | 417 | 19,99,95,285 |
| 28 | MOTILAL OSWAL MANUFACTURING
FUND |
2,39,820 | 0.53 | 417 | 10,00,04,940 |
| 29 | MOTILAL OSWAL LONG TERM
EQUITY FUND |
4,79,605 | 1.05 | 417 | 19,99,95,285 |
| 30 | MIRAE ASSET
GREAT CONSUMER FUND |
7,19,425 | 1.58 | 417 | 30,00,00,225 |
| 31 | MIRAE ASSET MULTI ASSET ALLOCATION
FUND |
1,91,835 | 0.42 | 417 | 7,99,95,195 |
| 32 | MIRAE ASSET BALANCED ADVANTAGE
FUND |
1,43,885 | 0.32 | 417 | 6,00,00,045 |
| 33 | MIRAE ASSET EQUITY SAVINGS
FUND |
1,43,885 | 0.32 | 417 | 6,00,00,045 |
|
34 |
PINEBRIDGE GLOBAL FUNDS – PINEBRIDGE INDIA EQUITY
FUND |
17,98,545 |
3.95 |
417 |
74,99,93,265 |
| 35 | ALLIANZ GLOBAL INVESTORS FUND- ALLIANZ INDIA
EQUITY |
5,99,515 | 1.32 | 417 | 24,99,97,755 |
|
36 |
ALLIANZ GLOBAL INVESTORS FUND- ALLIANZ ASIAN SMALL CAP
EQUITY |
5,99,515 |
1.32 |
417 |
24,99,97,755 |
| 37 | PGIM INDIA TRUSTEE PRIVATE
LIMITED A/C – |
52,220 | 0.11 | 417 | 2,17,75,740 |
|
38 |
PGIM INDIA TRUSTEE PRIVATE LIMITED A/C – PGIM INDIA ELSS
TAX SAVER FUND |
2,66,700 |
0.59 |
417 |
11,12,13,900 |
|
39 |
PGIM INDIA TRUSTEE PRIVATE LIMITED A/C – PGIM INDIA
SMALL CAP FUND |
5,32,350 |
1.17 |
417 |
22,19,89,950 |
|
40 |
PGIM INDIA TRUSTEE PVT LTD A/C – PGIM INDIA LARGE AND MID
CAP FUND |
2,07,270 |
0.45 |
417 |
8,64,31,590 |
|
41 |
PGIM INDIA TRUSTEE PRIVATE LIMITED A/C – PGIM INDIA RETIREMENT
FUND |
21,910 |
0.05 |
417 |
91,36,470 |
|
42 |
PGIM INDIA TRUSTEE PRIVATE LIMITED A/C – PGIM INDIA MULTI
CAP FUND |
1,18,580 |
0.26 |
417 |
4,94,47,860 |
| 43 | INVESCO INDIA
EQUITY FUND |
5,99,515 | 1.32 | 417 | 24,99,97,755 |
| 44 | EASTSPRING
INVESTMENTS INDIA CONSUMER EQUITY OPEN LIMITED |
5,99,515 | 1.32 | 417 | 24,99,97,755 |
| 45 | CARMIGNAC
PORTFOLIO |
5,99,515 | 1.32 | 417 | 24,99,97,755 |
|
46 |
NATIXIS INTERNATIONAL FUNDS (LUX) I – LOOMIS SAYLES GLOBAL EMERGING MARKETS EQUITY
FUND |
2,56,900 |
0.56 |
417 |
10,71,27,300 |
| 47 | NHIT:GLOBAL EMERGING MARKETS EQUITY
TRUST |
3,42,615 | 0.75 | 417 | 14,28,70,455 |
| 48 | EAMC ICAV – ENAM INDIA OPPORTUNITIES
FUND |
5,99,515 | 1.32 | 417 | 24,99,97,755 |
| 49 | WHITEOAK CAPITAL LARGE AND MID CAP
FUND |
3,59,695 | 0.79 | 417 | 14,99,92,815 |
| 50 | LIC MF SMALLCAP
FUND |
2,94,700 | 0.65 | 417 | 12,28,89,900 |
| 51 | LIC MF VALUE
FUND |
95,760 | 0.21 | 417 | 3,99,31,920 |
| 52 | LIC MF
CHILDREN’S FUND |
9,240 | 0.02 | 417 | 38,53,080 |
| 53 | LIC MF MULTICAP
FUND |
1,33,210 | 0.29 | 417 | 5,55,48,570 |
| 54 | LIC MF BALANCED ADVANTAGE
FUND |
66,605 | 0.15 | 417 | 2,77,74,285 |
|
55 |
ADITYA BIRLA SUN LIFE INSURANCE COMPANY
LIMITED |
3,59,695 |
0.79 |
417 |
14,99,92,815 |
| 56 | BAJAJ ALLIANZ LIFE INSURANCE
COMPANY LTD |
3,59,695 | 0.79 | 417 | 14,99,92,815 |
| 57 | SBI GENERAL INSURANCE COMPANY
LIMITED |
3,59,695 | 0.79 | 417 | 14,99,92,815 |
|
58 |
EDELWEISS TRUSTEESHIP CO LTD AC- EDELWEISS MF AC EDELWEISS EQUITY SAVINGS
FUND |
1,19,910 |
0.26 |
417 |
5,00,02,470 |
|
59 |
EDELWEISS TRUSTEESHIP CO LTD AC- EDELWEISS MF AC-EDELWEISS
RECENTLY LISTED IPO FUND |
1,19,910 |
0.26 |
417 |
5,00,02,470 |
| 60 | ICICI PRUDENTIAL
EMERGING LEADERS FUND |
1,21,358 | 0.27 | 417 | 5,06,06,286 |
| 61 | TAKSH INDIA ENTERPRISING
FUND |
1,20,634 | 0.26 | 417 | 5,03,04,378 |
|
62 |
BAJAJ ALLIANZ GENERAL INSURANCE COMPANY
LIMITED |
84,444 |
0.19 |
417 |
3,52,13,148 |
|
63 |
BAJAJ ALLIANZ GENERAL INSURANCE COMPANY
LIMITED |
36,190 |
0.08 |
417 |
1,50,91,230 |
| 64 | SOCIETE
GENERALE – ODI |
6,01,731 | 1.32 | 417 | 25,09,21,827 |
| 65 | MORGAN STANLEY ASIA SINGAPORE PTE –
ODI |
2,41,268 | 0.53 | 417 | 10,06,08,756 |
| 66 | MNCL CAPITAL
COMPOUNDER FUND – 1 |
1,20,634 | 0.26 | 417 | 5,03,04,378 |
| 67 | SUBHKAM VENTURES (I)
PRIVATE LIMITED |
1,20,634 | 0.26 | 417 | 5,03,04,378 |
| 68 | ASTORNE
CAPITAL VCC – ARVEN |
1,20,634 | 0.26 | 417 | 5,03,04,378 |
| TOTAL | 4,55,71,942 | 100.00 | 19,00,34,99,814 |
Out of the total allocation of 4,55,71,942 Equity Shares to the Anchor Investors, 1,52,27,695 Equity Shares (i.e. 33.41% of the total allocation to Anchor Investors) were allocated to 9 domestic mutual funds which have applied through a total of 33 schemes. Set forth below is a scheme-wise detail of mutual funds:
|
SR NO |
NAME OF ANCHOR INVESTOR | NO. OF EQUITY SHARES ALLOCATED |
PERCENTAGE OF THE ANCHOR INVESTOR PORTION
(%) |
BID PRICE
(₹ PER EQUITY SHARE) |
TOTAL AMOUNT ALLOCATED AT THE ANCHOR INVESTOR ALLOCATION PRICE ON APPLICATION
(₹) |
| 1 | ICICI PRUDENTIAL LARGE
& MID CAP FUND |
11,84,925 | 2.60% | 417 | 49,41,13,725.00 |
| 2 | ICICI PRUDENTIAL FLEXI
CAP FUND |
11,84,925 | 2.60% | 417 | 49,41,13,725.00 |
| 3 | ICICI PRUDENTIAL
BHARAT CONSUMPTION FUND |
11,84,925 | 2.60% | 417 | 49,41,13,725.00 |
| 4 | ICICI PRUDENTIAL
INNOVATION FUND |
11,84,925 | 2.60% | 417 | 49,41,13,725.00 |
| 5 | ICICI PRUDENTIAL EXPORTS AND SERVICES
FUND |
2,96,240 | 0.65% | 417 | 12,35,32,080.00 |
|
6 |
AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS CONSUMPTION
FUND |
5,99,515 |
1.32% |
417 |
24,99,97,755.00 |
|
7 |
AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS GROWTH
OPPORTUNITIES FUND |
10,79,155 |
2.37% |
417 |
45,00,07,635.00 |
| 8 | AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C
AXIS MULTICAP FUND |
5,99,515 | 1.32% | 417 | 24,99,97,755.00 |
| 9 | AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C
AXIS VALUE FUND |
1,19,875 | 0.26% | 417 | 4,99,87,875.00 |
| 10 | QUANT MUTUAL FUND –
QUANT LARGE CAP FUND |
17,98,545 | 3.95% | 417 | 74,99,93,265.00 |
| 11 | QUANT MUTUAL FUND –
QUANT FOCUSED FUND |
5,99,515 | 1.32% | 417 | 24,99,97,755.00 |
| 12 | MOTLAL OSWAL LARGE
CAP FUND |
5,99,515 | 1.32% | 417 | 24,99,97,755.00 |
| 13 | MOTILAL OSWAL
SMALLCAP FUND |
4,79,605 | 1.05% | 417 | 19,99,95,285.00 |
| 14 | MOTILAL OSWAL
MANUFACTURING FUND |
2,39,820 | 0.53% | 417 | 10,00,04,940.00 |
| 15 | MOTILAL OSWAL LONG
TERM EQUITY FUND |
4,79,605 | 1.05% | 417 | 19,99,95,285.00 |
| 16 | MIRAE ASSET GREAT
CONSUMER FUND |
7,19,425 | 1.58% | 417 | 30,00,00,225.00 |
| 17 | MIRAE ASSET MULTI ASSET ALLOCATION
FUND |
1,91,835 | 0.42% | 417 | 7,99,95,195.00 |
| 18 | MIRAE ASSET BALANCED
ADVANTAGE FUND |
1,43,885 | 0.32% | 417 | 6,00,00,045.00 |
| 19 | MIRAE ASSET EQUITY
SAVINGS FUND |
1,43,885 | 0.32% | 417 | 6,00,00,045.00 |
| 20 | PGIM INDIA TRUSTEE PRIVATE LIMITED A/C – PGIM INDIA HYBRID
EQUITY FUND |
52,220 | 0.11% | 417 | 2,17,75,740.00 |
| 21 | PGIM INDIA TRUSTEE PRIVATE LIMITED A/C – PGIM INDIA ELSS TAX
SAVER FUND |
2,66,700 | 0.59% | 417 | 11,12,13,900.00 |
| 22 | PGIM INDIA TRUSTEE PRIVATE LIMITED A/C – PGIM INDIA SMALL CAP
FUND |
5,32,350 | 1.17% | 417 | 22,19,89,950.00 |
| 23 | PGIM INDIA TRUSTEE PVT LTD A/C – PGIM INDIA LARGE AND MID CAP
FUND |
2,07,270 | 0.45% | 417 | 8,64,31,590.00 |
| 24 | PGIM INDIA TRUSTEE PRIVATE LIMITED A/C – PGIM INDIA RETIREMENT
FUND |
21,910 | 0.05% | 417 | 91,36,470.00 |
| 25 | PGIM INDIA TRUSTEE PRIVATE LIMITED A/C – PGIM INDIA MULTI CAP
FUND |
1,18,580 | 0.26% | 417 | 4,94,47,860.00 |
| 26 | WHITEOAK CAPITAL LARGE AND MID CAP
FUND |
3,59,695 | 0.79% | 417 | 14,99,92,815.00 |
| 27 | LIC MF SMALLCAP FUND | 2,94,700 | 0.65% | 417 | 12,28,89,900.00 |
| 28 | LIC MF VALUE FUND | 95,760 | 0.21% | 417 | 3,99,31,920.00 |
| 29 | LIC MF CHILDREN’S FUND | 9,240 | 0.02% | 417 | 38,53,080.00 |
| 30 | LIC MF MULTICAP FUND | 1,33,210 | 0.29% | 417 | 5,55,48,570.00 |
| 31 | LIC MF BALANCED
ADVANTAGE FUND |
66,605 | 0.15% | 417 | 2,77,74,285.00 |
| 32 | EDELWEISS TRUSTEESHIP CO LTD AC-EDELWEISS MF AC EDELWEISS
EQUITY SAVINGS FUND |
1,19,910 | 0.26% | 417 | 5,00,02,470.00 |
|
33 |
EDELWEISS TRUSTEESHIP CO LTD AC-EDELWEISS MF AC-EDELWEISS RECENTLY LISTED IPO
FUND |
1,19,910 |
0.26% |
417 |
5,00,02,470.00 |
| TOTAL | 1,52,27,695 | 33.41% | 6,34,99,48,815 |
