International Gemmological Institute IPO
- IPO Date13 Dec, 2024 to 17 Dec, 2024
- Listing Date20 Dec, 2024
- Face Value₹2 per share
- Issue Price₹397 to ₹417 per share
- Lot Size35 Shares
- Minimum Investment₹14,595
- Listing AtBSE, NSE
- Total Issue Size10,13,18,944 Shares
(aggregating up to ₹4225.00 Cr) - Fresh Issue3,53,71,702 Shares
(aggregating up to ₹1475.00 Cr)
- Offer for Sale6,59,47,242 Shares
(aggregating up to ₹2750.00 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue39,67,83,045
- Shareholding post issue43,21,54,747
IPO Dates
Closing Date
17 Dec, 2024
Initiation of Refunds
19 Dec, 2024
Listing Date
20 Dec, 2024
13 Dec, 2024
Opening Date
18 Dec, 2024
Basis of Allotment
19 Dec, 2024
Credit of Shares
International Gemmological Institute COMPANY INFORMATION
International Gemmological Institute IPO is a book built issue of Rs 4,225.00 crores. The issue is a combination of fresh issue of 3.54 crore shares aggregating to Rs 1,475.00 crores and offer for sale of 6.59 crore shares aggregating to 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.
Incorporated in February 1999, International Gemmological Institute (India) 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 IPO
IPO Overview and Key Highlights
International Gemmological Institute (IGI), a leader in gem grading and certification services, is offering its Initial Public Offering (IPO). The IPO includes a fresh issue of 35,376,651 equity shares aggregating to 14,750 million and an Offer for Sale (OFS) of 65,947,242 equity shares, making a total issue size of 101,323,893 equity shares, valued at 42,250 million. The funds raised will be used for the company's growth and operational needs. Shares will be listed on the NSE and BSE.
Key IPO Details
- Type of Issue: 100% Book Built Issue
- Total Issue Size: 101,323,893 equity shares
- Face Value: 2 per share
- Offer Price: 417 per share
- Offer Opens: December 13, 2024
- Offer Closes: December 17, 2024
- Listing Exchange: NSE and BSE
Company Overview
Established in 1999 and headquartered in Mumbai, International Gemmological Institute (India) is a trusted global name in gemstone certification and education. The company operates in multiple geographies, offering services in jewelry certification and gemological training. The IPO is being led by its promoter, BCP Asia II TopCo Pte. Ltd., which seeks to monetize its stake through the OFS.
Financial Overview
The company has reported strong financials, showcasing a steady increase in revenue and profitability over recent years. IPO proceeds are primarily intended to support operational expansion and strategic acquisitions.
Key Strengths of International Gemmological Institute
- Global Presence: Well-established operations across key international markets.
- Reputable Brand: Recognized leader in gemological certification and education.
- Promoter Backing: Strong financial and operational support from experienced promoters.
IPO Pros and Cons
Pros
- Industry Leadership: Established brand in the gemological certification domain.
- Global Growth: Positioned to benefit from increased demand for gemstone certification.
- Funds for Expansion: Proceeds will strengthen market position and facilitate acquisitions.
Cons
- Regulatory Challenges: Compliance with global and regional gemological standards.
- Market Sensitivity: Revenue linked to the luxury and jewelry market trends.
- High Valuation: The offer price reflects a premium valuation, adding risk for investors.
Risk Factors
Potential investors should evaluate the following risks:
- Economic Dependency: Revenue tied to the performance of the global jewelry market.
- Operational Challenges: Managing international operations efficiently.
- Regulatory Compliance: Adherence to certification and quality standards across jurisdictions.
Conclusion
The International Gemmological Institute IPO offers investors an opportunity to participate in a global leader in gem grading and certification. With its strong brand, diversified services, and international footprint, IGI is well-positioned for long-term growth. However, potential investors should carefully consider risks related to market sensitivity and regulatory challenges before investing.
FAQs About International Gemmological Institute Ipo
International Gemmological Institute IPO will open on 13 Dec, 2024 and close on 17 Dec, 2024. Investors must apply within this period to participate.
The International Gemmological Institute IPO price band is set between ₹397.00 and ₹417.00 per share. The minimum lot size is 35, requiring an investment of at least ₹14595.00.
The International Gemmological Institute IPO shares are expected to be listed on 20 Dec, 2024, subject to regulatory approvals and final allotment.
You can track your International Gemmological Institute IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The International Gemmological Institute IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.