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.
International Gemmological Institute IPO – Details
| IPO Opening Date | 13 December 2024 |
| IPO Closing Date | 17 December 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 10,13,18,945 Shares Worth ₹4,225.00Crore Fresh Issue: 3,53,71,703 Shares Worth ₹1,475.00 Crore Offer For Sale: 6,59,47,242 Shares Worth ₹2,750.00Crore |
| Face Value | ₹1 per equity share |
| IPO Price | ₹397 – ₹417 per share |
| Market Lot | 35 Shares |
| Min Order | 35 Shares (1 Lot) |
| Employee Discount | ₹39 |
| Listing At | BSE, NSE |
| Register | Kfin Technologies Limited |
| QIB Shares Offered | 75% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 10% |
International Gemmological Institute IPO – Date Schedule
| IPO Open Date | 13 November 2024 |
| IPO Close Date | 17 December 2024 |
| Basis of Allotment | 18 December 2024 |
| Initiation of Refund | 19 December 2024 |
| Credit of Shares to Demat Account | 19 December 2024 |
| IPO Listing Date | 20 December 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 17, 2024 |
International Gemmological Institute IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 35 | ₹14,595 |
| Retail (Max) | 13 | 455 | ₹1,89,735 |
| S-HNI (Min) | 14 | 490 | ₹2,04,330 |
| S-HNI (Max) | 68 | 2,380 | ₹9,92,460 |
| B-HNI (Min) | 69 | 2,415 | ₹10,07,055 |
Competitive Strengths
- 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.
Company Promoters
- BCP Asia II TopCo Pte. Ltd
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2021 | 374.28 | 138.24 | 171.53 |
| 31 March 2022 | 499.33 | 169.97 | 241.75 |
| 31 March 2023 | 648.66 | 204.88 | 324.73 |
| 30 September 2024 | 619.49 | 179.82 | 326.06 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 76.58% |
| ROCE | 80.96% |
| RoNW | 76.58% |
| Pre IPO | Post IPO | |
| EPS (Rs) | – | – |
| P/E (x) | – | – |
Object Of The Issue
- 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 Peer Comparison
- There are no listed companies in India or internationally among IGI’s global peers.
International Gemmological Institute IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 76.55% |
International Gemmological Institute IPO Prospectus
Company Contact Information
| 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/ |
International Gemmological Institute IPO Lead Manager(s)
| 1. Axis Capital Limited 2. SBI Capital Markets Limited 3. Kotak Mahindra Capital Company Limited 4. Morgan Stanley India Company Private Limited |
International Gemmological Institute IPO FAQs
| What is International Gemmological Institute IPO? International Gemmological Institute IPO is a main-board IPO. The issue is priced at ₹397 to ₹417 per equity share. The IPO is to be listed on BSE & NSE. |
| When International Gemmological Institute IPO will open? The IPO is to open on 13 December 2024 for QIB, NII, and Retail Investors. |
| What is International Gemmological Institute IPO Investors Portion? The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%. |
| How to Apply the International Gemmological Institute IPO? You can apply International Gemmological Institute IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the International Gemmological Institute IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “International Gemmological Institute IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the International Gemmological Institute IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “International Gemmological Institute IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the International Gemmological Institute IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “International Gemmological Institute IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the International Gemmological Institute IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “International Gemmological Institute IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is International Gemmological Institute IPO Size? International Gemmological Institute IPO size is ₹4,225.00 Crore. |
| What is the International Gemmological Institute IPO Price Band? International Gemmological Institute IPO Price Band is ₹397 to ₹417. |
| What is International Gemmological Institute IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 35 Shares with ₹14,595 amount while the maximum bid is 455 Shares with ₹1,89,735. |
| What is the International Gemmological Institute IPO Allotment Date? International Gemmological Institute IPO allotment date is 18 December 2024. |
| What is the International Gemmological Institute IPO Listing Date? International Gemmological Institute IPO listing date is 20 December 2024. The IPO is to be listed on BSE and NSE. |
