| International Gemmological Institute IPO Subscription | International Gemmological Institute IPO Allotment |
International Gemmological Institute IPO Description – The International Gemological Institute (IGI) is the world’s second-largest independent certification and accreditation services provider for diamonds, studded jewelry, and colored stones, with a global market share of approximately 33% based on certifications conducted in CY2023. Established in 1975 in Belgium, IGI has built a strong reputation as a leading certifier, particularly excelling in the laboratory-grown diamond segment, where it holds a commanding 65% market share.
As of 30 September 2024, IGI operates through a global network of 31 branches equipped with laboratories across 10 countries, including major markets such as India, Belgium, the USA, Thailand, UAE, Hong Kong, and China. This extensive network allows IGI to provide timely services to its diverse customer base. IGI has invested in advanced technologies to enhance its grading processes. Notably, in 2018, it introduced the Dcheck System, which differentiates between laboratory-grown and natural diamonds. Furthermore, IGI’s laboratories are recognized for their use of both proprietary and industry-standard gemological instruments.
As of 30 September 2024, IGI served a diverse customer base of over 7,500 clients across 10 countries. These included laboratory-grown diamond producers, wholesalers of natural diamonds and colored stones, jewelry manufacturers, and retailers.
Promoters of International Gemmological Institute (India) – BCP Asia II Topco Pte. Ltd.
Table of Contents
International Gemmological Institute IPO Details
| IGI IPO Dates | 13 – 17 December 2024 |
| IGI IPO Price | INR 397 – 417 per share (Employee Discount – INR 39 per share) |
| Fresh issue | INR 1,475 crore |
| Offer For Sale | INR 2,750 crore |
| Total IPO size | INR 4,225 crore |
| Minimum bid (lot size) | 35 shares (INR 14,595) |
| Face Value | INR 2 per share |
| Retail Allocation | 10% |
| Listing On | NSE, BSE |
International Gemmological Institute Financial Performance
| FY 2021* | FY 2022 | FY 2023 | 9M FY 2024 | |
| Revenue | 364.69 | 490.99 | 638.53 | 596.36 |
| Expenses | 138.24 | 169.97 | 204.88 | 179.82 |
| Net income | 171.53 | 241.76 | 324.74 | 326.06 |
| Margin (%) | 47.03 | 49.24 | 50.86 | 54.68 |
FY Ending on 31 December
* Standalone data
International Gemmological Institute Offer News
- International Gemmological Institute RHP
- International Gemmological Institute DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
International Gemmological Institute Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | FY 2024 (Pre-Issue)* | FY 2024 (Post-Issue)* | |
| EPS | 4.32 | 6.09 | 8.18 | 10.96 | 10.06 |
| PE Ratio | – | – | – | 36.22 – 38.05 | 39.46 – 41.45 |
| FY 2021 | FY 2022 | FY 2023 | |
| RONW (%) | 74.39 | 83.13 | 76.83 |
| NAV | 6.11 | 8.55 | 12.83 |
| ROCE (%) | 86.79 | 87.09 | 80.96 |
| EBITDA (%) | 65.99 | 68.27 | 70.49 |
| Debt/Equity | 0.00 | 0.00 | 0.00 |
International Gemmological Institute IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 19 December 2024 | 105 | – | 2,500 |
| 18 December 2024 | 95 | – | 2,300 |
| 17 December 2024 | 109 | – | 2,800 |
| 16 December 2024 | 109 | – | 2,800 |
| 14 December 2024 | 90 | – | 2,400 |
| 13 December 2024 | 100 | – | 2,600 |
| 12 December 2024 | 127 | – | 3,300 |
| 11 December 2024 | 120 | – | 3,100 |
| 10 December 2024 | 150 | – | 4,000 |
| 9 December 2024 | 100 | – | – |
International Gemmological Institute IPO Objective
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Payment of the purchase consideration for the acquisition of IGI Belgium Group and IGI Netherlands Group from the Promoter – INR 1,300 crore
- General corporate purposes
IGI IPO Dates & Listing Performance
| IPO Opening Date | 13 December 2024 |
| IPO Closing Date | 17 December 2024 |
| Finalization of Basis of Allotment | 18 December 2024 |
| Initiation of refunds | 19 December 2024 |
| Transfer of shares to demat accounts | 19 December 2024 |
| IGI IPO Listing Date | 20 December 2024 |
| Opening Price on NSE | INR 510 per share (up 22.30%) |
| Closing Price on NSE | INR 471.15 per share (up 12.99%) |
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International Gemmological Institute Offer Lead Manager
KOTAK MAHINDRA CAPITAL COMPANY LIMITED
1st Floor, 27 BKC, Plot No. C – 27, “G” Block, Bandra Kurla Complex,
Bandra (East), Mumbai 400 051, Maharashtra, India
Phone: +91 22 4336 0000
Email: [email protected]
Website: www.investmentbank.kotak.com
International Gemmological Institute Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com
International Gemmological Institute Issue Contact Details
INTERNATIONAL GEMMOLOGICAL INSTITUTE (INDIA) LIMITED
702, 7th Floor, The Capital, Bandra Kurla Complex,
Bandra (E), Mumbai 400 051, Maharashtra, India
Phone: +91 22 4035 2550
Email: [email protected]
Website: www.igi.org
International Gemmological Institute IPO FAQs
How many shares in the International Gemmological Institute IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%.
How to apply for the International Gemmological Institute Public Offer?
The best way to apply for the International Gemmological Institute public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is the International Gemmological Institute IPO GMP today?
International Gemmological Institute IPO GMP today is INR 105 per share.
What is the International Gemmological Institute kostak rate today?
International Gemmological Institute kostak rate today is INR NA per application.
What is the International Gemmological Institute Subject to the Sauda rate today?
International Gemmological Institute Subject to Sauda rate today is INR 2,500 per application.
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