International Gemological Institute (India) Ltd IPO Opens Today on 13 December: Price Band, Key Dates, and Investment Insights
Blackstone-backed International Gemological Insititute (IGI) is coming up with its IPO. The subscription for the same starts tomorrow, 13th December 2024.
International Gemological Institute India IPO Details
- IGI IPO is a book-built issue of Rs 4,225.00 crores. The issue is a combination of a fresh issue of 3.54 crore shares aggregating to Rs 1,475.00 crores and an offer for sale of 6.59 crore shares aggregating to Rs 2,750.00 crores
- IGI IPO opens for subscription on December 13, 2024, and closes on December 17, 2024.
- The allotment for the International Gemological Institute IPO is expected to be finalized on Wednesday, December 18, 2024.
- IGI will list on BSE and NSE with a tentative listing date fixed as Friday, December 20, 2024.
- The 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 Gemological Institute IPO, while Kfin Technologies Limited is the registrar for the issue.
International Gemological Institute India Business Overview
IGI, established in 1975 in Belgium, is a leading provider of certification and accreditation services for diamonds, studded jewellery, and coloured stones. It holds a 33% global market share in certification services and dominates the laboratory-grown diamond segment with a 65% market share. The company operates 31 labs across 10 countries, including major markets such as India, the USA, Belgium, and China.
Incorporated in February 1999, 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.
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 Gemological Institute India Financials
IGI India Ltd has seen a steady growth in revenue profits and Net Worth
- Revenues have increased from 499.33 Cr for the period ending December 2022 to 648.66 Cr for the period ending December 2023, registering a healthy growth of 29.90 %.
- Profits have increased from 241.76 Cr in Dec 2022 to 324.74 Cr in Dec 2023, registering a healthy growth of 34.32%.
- Networth has increased from 339.07 Cr in Dec 2022 to 509.01 Cr in Dec 2023, registering a healthy growth of 50.11%.
- Revenue, profit, and net worth for the period ended September 2024 were 619.49 Cr, 326.06 Cr, and 643.41 Cr, respectively.
Key Performance Indicator (KPI)
|
Key Performance Indicator (KPI) |
Values |
|
ROE |
76.58% |
|
ROCE |
80.96% |
|
RoNW |
76.58% |
International Gemological Institute India IPO Allocation
75% of the nearly 10.13 crore shares offered in the IPO are reserved for Qualified Institutional Buyers (QIBs). Another 15% of the shares are set aside for Non-Institutional Investors (NIIs). The remaining 10% of the shares in the IPO are allocated to retail individual investors.
Promoter Holdings
|
Share-Holding Pre Issue |
100% |
|
Share-Holding Post Issue |
76.55% |