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International Gemological IPO

  • Status: Closed
  • RHP:
  • ₹ 13,895 / 35 shares

    Minimum Investment

IPO Details

  • Open Date

    13 Dec 2024

  • Close Date

    17 Dec 2024

  • IPO Price Range

    ₹ 397 - ₹ 417

  • IPO Size

    ₹ 4225.00 Cr

  • Listing Exchange

    BSE, NSE

  • Listing Date

    20 Dec 2024

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IPO Timeline

International Gemological IPO Subscription Status

Last Updated: 17 December 2024 6:02 PM by 5Paisa

International Gemmological Institute IPO is set to open on 13 December 2024 and will close on 17 December 2024. International Gemmological Institute provides independent grading reports, adhering to international standards to analyze key attributes like colour, cut, clarity, and carat weight. 
 
The IPO is a combination of a fresh issue of  3.54 Cr shares aggregating to ₹1,475.oo Cr. and an offer for sale of 6.59 Cr shares aggregating to ₹2,750.00 Cr. The price range is set between ₹397 to ₹417 per share and the lot size is 35 shares. 

The allotment is scheduled to be finalised on 18 December 2024. It will go public on BSE NSE, with a tentative listing date of 20 December 2024.

Axis Capital Ltd, Kotak Mahindra Capital Company Ltd, Morgan Stanley India Company Pvt Ltd and SBI Capital Markets Ltd are the book running lead managers, while Kfin Technologies Ltd is the registrar. 

International Gemological IPO Size

Types Size
Total IPO Size ₹4,225.00 Cr.
Offer For Sale ₹ 2,750.00 Cr.
Fresh Issue ₹ 1,475.00 Cr

 

International Gemological IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 35 ₹13,895
Retail (Max) 13 455 ₹180,635
S-HNI (Min) 14 490 ₹194,530
S-HNI (Max) 68 2,380 ₹944,860
B-HNI (Min) 69 2,415 ₹958,755

 

International Gemological IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
QIB 48.11 3,03,81,295 1,46,17,02,830 60,953.008
NII (HNI) 26.09 1,51,90,647 39,62,78,855 16,524.828
Retail 11.77 1,01,27,098 11,92,00,550 4,970.663
Employees 21.78 52,910 11,52,550 48.061
Total** 35.48 5,57,51,950 1,97,83,34,785 82,496.561

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

 

International Gemological IPO Anchor Allocation

Anchor Bid Date 12 December, 2024
Shares Offered 45,571,942
Anchor portion Size (In ₹ Cr.) 1,900.35
Anchor lock-in period end date for 50% shares (30 Days) 12 December, 2025
Anchor lock-in period end date for remaining shares (90 Days) 12 December, 2025

 

1. Payment of the purchase consideration for the acquisition of IGI Belgium Group and IGI Netherlands Group, and
2. General corporate purposes.
 

Established in February 1999, International Gemmological Institute (India) Limited (IGI) is a globally recognized leader in certifying and grading diamonds, gemstones, and jewellery. The organization provides independent grading reports, adhering to international standards to analyze key attributes like colour, cut, clarity, and carat weight. Additionally, IGI operates 31 laboratories worldwide and 18 gemology schools, offering expertise in natural and lab-grown diamonds, coloured stones, and finished jewellery. Beyond certification, IGI supports the gem and jewellery industry through education programs, research initiatives, and degree plans, shaping thousands of professionals annually.

As of September 30, 2024, IGI employs 843 professionals, including 316 gemologists, across 20 laboratories and 9 schools under its Pre-Acquisition Group. Its global network spans 10 countries, with prominent hubs in Surat, Mumbai, Antwerp, and New York. IGI’s competitive strengths include being the second-largest independent certification provider worldwide, a key player in the growing lab-grown diamond sector, and an education-driven brand fostering industry partnerships.

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY24 FY23 FY22
Revenue 648.66 499.33 374.29
EBITDA 450.11 335.18 240.65
PAT 324.74 241.76 171.53
Particulars (in Rs. Crores) FY24 FY23 FY22
Total Assets 603.20 409.03 319.69
Share Capital 0.40 0.40 0.40
Total Borrowings - - -
Particulars (in Rs. Crores) FY24 FY23 FY22
Net Cash Generated From / (used in) operating activities 297.28 194.17 193.39
Net Cash Generated From / (used in) investing activities -66.01 -43.05 -12.71
Net Cash Generated From / (used in) financing activities -148.82 -153.77 -171.48
Net Increase (Decrease) In Cash And Cash Equivalents 82.45 -2.66 9.20

Strengths

1. Global presence with 31 laboratories across 10 major markets.
2. Expertise in certifying both natural and lab-grown diamonds.
3. High-barrier industry with limited competition, ensuring market exclusivity.
4. Comprehensive gemology education programs fostering industry awareness and partnerships.
5. Strong workforce of 843 professionals, including 316 specialized gemologists.
 

Risks

1. Heavy dependence on key markets like India and Antwerp.
2. Limited direct consumer engagement, focusing mainly on B2B services.
3. Vulnerability to economic downturns affecting the luxury goods industry.
4. Competition from other certification providers with similar services.
5. Relatively slow adaptation to emerging digital technologies for customer interaction.
 

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FAQs

International Gemmological Institute IPO opens from 13 December to 17 December 2024.
 

The size of International Gemmological Institute IPO is ₹4,225.00 Cr.

The price of International Gemmological Institute IPO is fixed at ₹397 to ₹417 per share. 
 

To apply for International Gemmological Institute IPO, follow the steps given below:

● Login to your 5paisa account and select the issue in the current IPO section    
● Enter the number of lots and the price at which you wish to apply for the International Gemmological Institute  IPO.    
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of International Gemmological Institute IPO is 35 shares and the investment required is ₹13,895.

The share allotment date of International Gemmological Institute IPO is 18 December 2024
 

The International Gemmological Institute IPO will be listed on 20 December 2024.

Axis Capital Ltd, Kotak Mahindra Capital Company Ltd, Morgan Stanley India Company Pvt Ltd and SBI Capital Markets Ltd are the book running lead managers for International Gemmological Institute IPO.