International Gemmological Institute IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Fri, 13 Dec 2024
Close Date
Tue, 17 Dec 2024
Price Band
₹ 397 – 417
Lot Size
35
Issue Size
₹ 4,225.00 Cr
Minimum Investment
₹ 14,595 (35 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
International Gemmological Institute IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹4,225.00 Crore, comprising a fresh issue of 3.54 Crore equity shares aggregating to ₹1,475.00 Crore and an offer for sale (OFS) of 6.59 Crore equity shares aggregating to ₹2,750.00 Crore by the existing shareholders.
The International Gemmological Institute IPO remained open for subscription from December 13, 2024, to December 17, 2024. The basis of allotment was finalized on December 18, 2024, and the company's shares were listed on the NSE and BSE on December 20, 2024.
The company had fixed the price band at ₹397 to ₹417 per share, with a lot size of 35 shares. Retail investors were required to make a minimum investment of ₹14,595 (based on the upper price band) to apply for one lot.
The IPO also included a reservation of 55,865 equity shares for eligible employees, who received a discount of ₹39 per share.
KFin Technologies Limited served as the registrar to the issue. Axis Capital Limited, Morgan Stanley India Company Private Limited, Kotak Mahindra Capital Company Limited, and SBI Capital Markets Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, International Gemmological Institute (India) Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
International Gemmological Institute IPO Timeline (Tentative)
- IPO Open Date
- Fri, 13 Dec 24
- IPO Close Date
- Tue, 17 Dec 24
- Basis of Allotment
- Wed, 18 Dec 24
- Initiation of Refunds
- Thu, 19 Dec 24
- Credit of Shares to Demat
- Thu, 19 Dec 24
- Listing Date
- Fri, 20 Dec 24 — NSE & BSE
Open Date
13 December 2024
Close Date
17 December 2024
Basis Of Allotment
18 December 2024
Listing Date
20 December 2024
IPO Subscription
Check Live Subscription →The International Gemmological Institute IPO has received bids for 1,97,83,66,950 shares against 5,85,60,902 shares offered, resulting in an overall subscription of 33.78x. the NII category is subscribed 24.84x, Retail Investors 11.21x, Employees 20.64x, and QIBs 45.8x. Within the NII category, BNII is subscribed 28.35x, while SNII is subscribed 17.8x.
QIB
45.8x
NII
24.84x
BNII
28.35x
SNII
17.8x
RII
11.21x
EMP
20.64x
Total
33.78x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 1,06,37,279 shares, representing 0% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 3,19,11,839 shares (0%), while Non-Institutional Investors (NIIs) receive 1,59,55,919 shares (0%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 45,571,942 | 0% |
| Qualified Institutions | 31,911,839 | 0% |
| Non-Institutional | 15,955,919 | 0% |
| BNII | 10,637,280 | 0% |
| SNII | 5,318,639 | 0% |
| Retail Investors | 10,637,279 | 0% |
| Employees | 55,865 | 0% |
| Total | 101,318,944 | 0% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
International Gemmological Institute (India) Limited KPI Information
| Particular | KPI as of December 31, 2023. |
|---|---|
| ROE % | 76.58 |
| ROCE % | 80.96 |
| RoNW % | 76.58 |
Peers Comparison
No Peer Comparision Available
About International Gemmological Institute (India) Limited
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.
International Gemmological Institute IPO Promoters
- BCP Asia II TopCo Pte. Ltd.
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
76.55%
International Gemmological Institute IPO Objective
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.
International Gemmological Institute (India) Limited Address / Contact Details
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
International Gemmological Institute IPO Lot Size
The International Gemmological Institute IPO has a lot size of 35 shares. Retail investors require a minimum investment of ₹14,595 by applying for 1 lot (35 shares). The maximum application allowed for the retail category is 13 lots (455 shares), requiring an investment of ₹1,89,735.
| 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 |
Issue Reservation
Book Running Lead Managers
- Axis Capital Limited
- Morgan Stanley India Company Private Limited
- Kotak Mahindra Capital Company Limited
- SBI Capital Markets Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the International Gemmological Institute IPO?
International Gemmological Institute IPO is a Book-building IPO with a total issue size of ₹4225 crore. The International Gemmological Institute IPO price band is ₹397 to 417 per share. The International Gemmological Institute IPO subscription opens on Fri, Dec 13, 2024, and closes on Tue, Dec 17, 2024. The International Gemmological Institute IPO will be listed on the BSE,NSE. KFin Technologies Limited is the registrar for the International Gemmological Institute IPO.
When will the International Gemmological Institute IPO open for subscription?
The International Gemmological Institute IPO opens on Fri, Dec 13, 2024 and closes on Tue, Dec 17, 2024
What is International Gemmological Institute IPO Price Band?
International Gemmological Institute IPO Price Band is ₹397 to 417 per share.
What is International Gemmological Institute IPO Lot Size?
International Gemmological Institute IPO lot size is 35 shares, Retail investors need a minimum investment of ₹14595 based on the upper price band
What is the minimum investment for International Gemmological Institute IPO?
The minimum investment for International Gemmological Institute IPO is ₹14595, based on one lot of 35 shares at the upper price band of ₹417 per share.
How to apply for International Gemmological Institute IPO?
Investors can apply for the International Gemmological Institute IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Dec 17, 2024. The application amount remains blocked until the International Gemmological Institute IPO allotment is finalized.
What is International Gemmological Institute IPO Issue Size?
International Gemmological Institute IPO issue size is ₹4225 crores.
What is the International Gemmological Institute IPO Allotment Date?
International Gemmological Institute IPO allotment date is Wed, Dec 18, 2024.
Who is the International Gemmological Institute IPO Registrar?
The registrar for International Gemmological Institute IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check International Gemmological Institute IPO allotment status, refund processing, and other IPO-related information.
What is the International Gemmological Institute IPO GMP?
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 38.13% over the issue price.
Who is the International Gemmological Institute IPO Lead Manager?
The book-running lead managers (BRLMs) for the International Gemmological Institute IPO are Axis Capital Limited, Morgan Stanley India Company Private Limited, Kotak Mahindra Capital Company Limited, and SBI Capital Markets Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the International Gemmological Institute IPO Red Herring Prospectus (RHP).