International Gemmological Institute IPO
Open MainLineCurrent GMP
₹159 (+38.13%)
Price Band
₹ 397 – 417
Lot Size
35
Issue Size
₹4225 Cr
Minimum Investment
₹14595 (35 Shares)
Listing Date
20 December 2024
Subscription
33.78x
About the Company
The International Gemological Institute (IGI) is the world's second-largest independent provider of certification and accreditation services for diamonds, jewelry, and colored stones. Established in 1975 in Belgium, IGI holds a 33% global market share in certifications as of 2023. It is a leading certifier in the laboratory-grown diamond sector, with a commanding 65% market share. IGI operates 31 branches across 10 countries, including key markets like India, the USA, UAE, and China.
The institute provides a range of services, including diamond grading based on the 4Cs (cut, color, clarity, carat weight), colored stone evaluations, and finished jewelry assessments. It also offers educational programs in gemology and jewelry design. IGI employs over 7,500 clients, including producers, wholesalers, and retailers of diamonds and colored stones.
In addition to its certification services, IGI is known for its advanced technology, including the Dcheck System, which distinguishes between natural and lab-grown diamonds. The company also has 18 gemology schools that graduate thousands of students each year.
With its competitive edge in the laboratory-grown diamond market and a strong network of laboratories and educational institutions, IGI remains a key player in the global gemological certification industry.
Competitive Strengths:
- IGI is the second-largest independent certification provider globally for diamonds and jewellery, operating in a high-barrier industry.
- A leading provider of certification services for the rapidly expanding lab-grown diamond sector.
- Offers a wide range of certification and accreditation services to a diverse clientele throughout the entire value chain.
- Its educational initiatives play a key role in increasing awareness, fostering customer relationships, and promoting the company’s brand.
Promoters
- BCP Asia II TopCo Pte. Ltd.
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
76.55%
Objects of the Issue
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.
- General corporate purposes.
Address / Contact Info
International Gemmological Institute (India) Limited
702, 7th Floor, The Capital
Bandra Kurla Complex, Bandra (E)
Mumbai 400 051, Maharashtra
Phone: +91 224035 2550
Email: investor.relations@igi.org
Website: https://www.igi.org/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Friday, 13 December 2024
IPO Close Date
Tuesday, 17 December 2024
Basis of Allotment
Wednesday, 18 December 2024
Initiation of Refunds
Thursday, 19 December 2024
Credit of Shares to Demat
Thursday, 19 December 2024
Listing Date
Friday, 20 December 2024 — NSE & BSE
Important Dates
Open Date
13 December 2024
Close Date
17 December 2024
Basis Of Allotment
18 December 2024
Listing Date
20 December 2024
Financial Performance (₹ in Crores)
| Particular | 30 Sep 2024 | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 |
|---|---|---|---|---|
| Assets | 775.6 | 603.2 | 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 |
| Reserve & Surplus | 0 | 0 | 111.46 | 119.4 |
| Total Borrowings | 0 | 0 | 0 | 0 |
EPS Pre
0.00%
EPS Post
0.00%
P/E Pre
0.00
P/E (Post Issue)
0.00x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of December 31, 2023. |
|---|---|
| ROE % | 76.58 |
| ROCE % | 80.96 |
| Debt / Equity | 0 |
| RoNW % | 76.58 |
| PbW | 0 |
| Pat Margin % | 0 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 45571942 | 0 | 0 |
| Qualified Institutions | 31911839 | 0 | 0 |
| Non-Institutional | 15955919 | 0 | 0 |
| BNII | 10637280 | 0 | 0 |
| SNII | 5318639 | 0 | 0 |
| Retail Investors | 10637279 | 0 | 0 |
| Employees | 55865 | 0 | 0 |
| Total | 101318944 | 0 | 0 |
Subscription Status ( Tue, 17 Dec 24 01:03 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 31911839 | 1461702830 | 45.8x |
| Non-Institutional | 15955919 | 396282670 | 24.84x |
| BNII | 10637280 | 301611870 | 28.35x |
| SNII | 5318639 | 94670800 | 17.8x |
| Retail Investors | 10637279 | 119228165 | 11.21x |
| Employees | 55865 | 1153285 | 20.64x |
| Total | 58560902 | 1978366950 | 33.78x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 35 | 14,595.00 |
| Retail (Max) | 13 | 455 | 189,735.00 |
| S-HNI (Min) | 14 | 490 | 204,330.00 |
| S-HNI (Max) | 68 | 2,380 | 992,460.00 |
| B-HNI (Min) | 69 | 2,415 | 1,007,055.00 |
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
- Axis Capital Limited
- Morgan Stanley India Company Private Limited
- Kotak Mahindra Capital Company Limited
- SBI Capital Markets Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
International Gemmological Institute IPO is a Book-building IPO worth ₹4225 crores. The price band is ₹397 to 417 per share. The IPO opens on Fri, Dec 13, 2024 and closes on Tue, Dec 17, 2024. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The International Gemmological Institute IPO opens on Fri, Dec 13, 2024 and closes on Tue, Dec 17, 2024
International Gemmological Institute IPO Price Band is ₹397 to 417.
International Gemmological Institute IPO lot size is 35, and the minimum amount required for application is ₹14595.
The minimum investment for International Gemmological Institute IPO is approximately ₹14595 based on the upper price band.
To apply for the International Gemmological Institute IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Tue, Dec 17, 2024. After submission, funds are blocked until the basis of allotment of International Gemmological Institute IPO is finalised.
International Gemmological Institute IPO issue size is ₹4225 crores.
International Gemmological Institute IPO allotment date is Sat, Jun 27, 2026.
The registrar for International Gemmological Institute IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to International Gemmological Institute IPO through their official website or helpline.
The International Gemmological Institute IPO GMP (Grey Market Premium) is ₹159 as of Fri, Dec 20, 2024. Based on the upper price band of ₹417 per share, the estimated International Gemmological Institute IPO listing price is ₹576, indicating a potential listing gain of approximately 31% over the issue price.