International Gemmological Institute (India) Ltd. Sets Date for Q1 2025 Financial Results
International Gemmological Institute (India) Ltd. will release its Q1 2025 financial results on April 21, 2025, followed by an earnings call at 5:30 p.m. the same day. The company has announced a trading window closure from April 1 to April 23, 2025, in compliance with regulatory requirements.
18Mar 25
IGI Shares Plunge 5% as Lock-in Period Expires, Trading Below IPO Price
International Gemmological Institute Ltd (IGI) experienced a 5% drop in share price to ₹288.00, hitting the lower circuit. This decline coincides with the end of a three-month lock-in period, releasing 2.28 crore shares (5% of total equity) for trading. The stock has fallen nearly 55% from its post-listing high and currently trades 30% below its IPO price.
17Mar 25
IGI's Lock-in Period Ends: Stock Faces Pressure Amid Growth Projections
International Gemmological Institute's (IGI) three-month shareholder lock-in period ends on March 18, making 2.28 crore shares (5% of equity) eligible for trading. The stock has dropped 55% from its post-listing high and 30% from its IPO price. Despite this, management projects 20%+ volume growth in 2025 and 15-20% revenue CAGR over five years. The lock-in expiry could increase trading volume and potentially pressure the stock price, serving as a test of investor confidence.
03Mar 25
International Gemological Institute (India) Ltd Shares Plunge 10% on Weak Q3 Performance
International Gemological Institute (India) Ltd's shares hit the 10% lower circuit following Q3 FY2024 results. The company reported modest 6% year-on-year revenue growth, impacted by higher volumes in lower-margin lab-grown diamonds, natural diamond facility shutdowns, and slowdowns in key markets like the US and Belgium. The shift towards lab-grown diamonds and challenges in the natural diamond industry have affected the company's performance, raising concerns among investors.