IGI shares fall 5% after lock-in period ends

International Gemmological Institute Ltd (IGI) shares fell by 5% to ₹288 during morning trading. This decline comes as the company ended a three-month lock-in period. This period allowed the release of 2.28 crore shares, which is about 5% of IGI's total equity. Since its debut on December 20, 2024, IGI's stock price has significantly decreased. Initially, the shares were listed at ₹510 on the National Stock Exchange and ₹505 on the Bombay Stock Exchange. However, after reaching a high of ₹642, the price has now dropped nearly 55%, with current trading levels about 30% below the IPO price of ₹417. The lock-in period's end does not mean all released shares will be sold, but it does allow for trading. IGI went public with an IPO that attracted strong demand, being oversubscribed by more than 35 times. In late December 2024, IGI acquired IGI Netherlands B.V. and International Gemmological Institute BV. This acquisition aims to grow IGI's business in key markets and enhance its gemological services, which include diamond screening and quality assessments. Year-to-date, IGI shares have plummeted over 50%, falling from ₹594.90 to today’s levels. Investors are encouraged to consult certified experts before making investment decisions.