International Gemmological Institute IPO is a book built issue of Rs 4,225.00 crores. The issue is a combination of fresh issue of Rs 1,475.00 crores and offer for sale of Rs 2,750.00 crores.
International Gemmological Institute IPO opens for subscription on December 13, 2024 and closes on December 17, 2024. The allotment for the International Gemmological Institute IPO is expected to be finalized on Wednesday, December 18, 2024. International Gemmological Institute IPO will list on BSE, NSE with tentative listing date fixed as Friday, December 20, 2024.
International Gemmological Institute IPO price band is set at ₹397 to ₹417 per share. The minimum lot size for an application is 35 Shares. The minimum amount of investment required by retail investors is ₹14,595. The minimum lot size investment for sNII is 14 lots (490 shares), amounting to ₹204,330, and for bNII, it is 69 lots (2,415 shares), amounting to ₹1,007,055.
Axis Capital Limited, Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Pvt Ltd and SBI Capital Markets Limited are the book running lead managers of the International Gemmological Institute IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to International Gemmological Institute IPO RHP for detailed information.
International Gemmological Institute IPO Details
| IPO Date | December 13, 2024 to December 17, 2024 |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Price Band | ₹397 to ₹417 per share |
| Lot Size | 35 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹4,225.00 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹1,475.00 Cr) |
| Offer for Sale | [.] shares of ₹2 (aggregating up to ₹2,750.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 396,783,045 |
International Gemmological Institute IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Net Offer |
| Retail Shares Offered | Not more than 10% of the Net Offer |
| NII (HNI) Shares Offered | Not more than 15% of the Net Offer |
International Gemmological Institute IPO Timeline (Tentative Schedule)
International Gemmological Institute IPO opens on December 13, 2024, and closes on December 17, 2024.
| IPO Open Date | Friday, December 13, 2024 |
| IPO Close Date | Tuesday, December 17, 2024 |
| Basis of Allotment | Wednesday, December 18, 2024 |
| Initiation of Refunds | Thursday, December 19, 2024 |
| Credit of Shares to Demat | Thursday, December 19, 2024 |
| Listing Date | Friday, December 20, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 17, 2024 |
International Gemmological Institute IPO Lot Size
Investors can bid for a minimum of 35 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 35 | ₹14,595 |
| Retail (Max) | 13 | 455 | ₹189,735 |
| S-HNI (Min) | 14 | 490 | ₹204,330 |
| S-HNI (Max) | 68 | 2,380 | ₹992,460 |
| B-HNI (Min) | 69 | 2,415 | ₹1,007,055 |
| Lot Size Calculator | |||
International Gemmological Institute IPO Promoter Holding
The promoter of the Company is BCP Asia II TopCo Pte. Ltd.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue |
About International Gemmological Institute (India) Limited
Incorporated in February 1999, International Gemmological Institute (India) Limited is a globally recognized organization certifying and grading diamonds, gemstones, and jewellery.
IGI provides independent grading reports that analyze and certify the characteristics of stones using internationally recognized standards. These reports include details about the stone’s colour, cut, clarity, and carat weight.
IGI also offers education courses and degree plans for the gem and jewellery trade and has a research department.
IGI operates 31 laboratories worldwide that grade finished jewellery, natural diamonds, lab-grown diamonds, and gemstones. Additionally, it has 18 gemology schools that graduate thousands of students each year.
The services offered by the company are as follows
- Diamond grading includes reports on the 4Cs (cut, colour, clarity, carat weight) for natural and lab-grown diamonds and details on fluorescence and symmetry.
- Evaluating the quality and authenticity of coloured stones like rubies, sapphires, and emeralds and issuing detailed grading reports.
- Evaluating finished jewellery involves assessing diamond and coloured stone quality, craftsmanship, and overall value.
- Offering educational programs and courses in gemology, diamond grading, jewellery design, and related subjects.
As of September 30, 2024, the company has a network of 20 laboratories and 9 schools under the Pre-Acquisition Group, supported by 843 employees, including 316 gemologists and other professionals in research, education, and certification processes.
As of September 30, 2024, IGI’s certification business operates through 31 branches and laboratories in 10 countries, including key markets like Surat and Mumbai in India, Antwerp, New York, Bangkok, Dubai, Hong Kong, and Shanghai.
Competitive Strength
- The company is the second-largest independent certification provider globally for diamonds and jewellery, operating in a high-barrier industry.
- Provider of certification services for the rapidly growing laboratory-grown diamond industry.
- An extensive range of certification and accreditation services is offered to a diverse group of customers throughout the value chain.
- Education initiatives that support spreading awareness, building customer partnerships and the company’s brand
International Gemmological Institute (India) Limited Financial Information (Restated)
| Period Ended | 30 Sep 2024 | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 |
| Assets | 775.60 | 603.20 | 409.03 | 319.69 |
| Revenue | 619.49 | 648.66 | 499.33 | 374.29 |
| Profit After Tax | 326.06 | 324.74 | 241.76 | 171.53 |
| Net Worth | 643.41 | 509.01 | 339.07 | 242.59 |
| Reserves and Surplus | 111.46 | 119.40 | ||
| Amount in ₹ Crore | ||||
Key Performance Indicator
KPI as of December 31, 2023.
| KPI | Values |
|---|---|
| ROE | 76.58% |
| ROCE | 80.96% |
| RoNW | 76.58% |
Check International Gemmological Institute IPO Peer Comparison here.
Objects of the Issue (International Gemmological Institute IPO Objectives)
The Company proposes to utilize the Net Proceeds towards funding the following objects:
Payment of the purchase consideration for the acquisition of IGI Belgium Group and IGI Netherlands Group from the Promoter; and
General corporate purposes.
International Gemmological Institute IPO Prospectus
International Gemmological Institute (India) Limited Contact Details
International Gemmological Institute (India) Limited
702, 7 th Floor
The Capital, Bandra Kurla
Complex, Bandra (E), Mumbai-400051
Phone: +91 224035 2550
Email: investor.relations@igi.org
Website: https://www.igi.org/
International Gemmological Institute IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: igil.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/