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NRIPage | Articles | Two Major IPOs Set to Raise ₹6,722.92 Crore in December 2024 | Get Finance & Economics News. Master Your Financial Future - NRI Page
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Two Major IPOs Set to Raise ₹6,722.92 Crore in December 2024

Two Major IPOs Set to Raise ₹6,722.92 Crore in December 2024

In December 2024, two significant initial public offerings (IPOs) are set to hit the market, aiming to raise a combined ₹6,722.92 crore. The first, from International Gemmological Institute (IGI) India, a Blackstone-promoted company specializing in grading and accreditation for diamonds, gemstones, and jewelry, will launch its ₹4,225 crore IPO on December 13 and close on December 17. The IPO consists of a fresh issue of ₹1,475 crore and an offer for sale of ₹2,750 crore by Blackstone’s foreign entity, BCP Asia II TopCo. The proceeds will fund IGI India’s acquisition of IGI Belgium and IGI Netherlands, expanding its global presence.

The second IPO, from Inventurus Knowledge Solutions (IKS Health), will open on December 12 and close on December 16. IKS Health, a healthcare services provider, will raise ₹2,497.92 crore through an offer for sale, with existing shareholders divesting their stakes. The price band for both IPOs has been set, and investor interest is expected to be strong due to the companies' strong market positions and future growth potential.

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