The International Gemological Institute (IGI) IPO is a highly anticipated book-built issue, aiming to raise ₹4,225.00 crores. This comprises a fresh issue of 3.54 crore shares aggregating ₹1,475.00 crores and an offer for sale of 6.59 crore shares amounting to ₹2,750.00 crores. The IPO is set to open for subscription on December 13, 2024, and close on December 17, 2024. Investors can expect the allotment to be finalized by December 18, 2024, with a tentative listing date on the BSE and NSE on December 20, 2024. The price band is set at ₹397 to ₹417 per share, with a minimum lot size of 35 shares, requiring a retail investor to invest at least ₹14,595. The company’s robust financial performance and growth potential make it an attractive option for long-term investors.
Investors who applied for the IPO can check the International Gemmological Institute IPO allotment status online. The allotment status is available on the Kfintech Ltd. website or the BSE website.
Overview of Contents
About International Gemological IPO
Incorporated in February 1999, International Gemological Institute (IGI) Limited is a globally recognized organization specializing in the certification and grading of diamonds, gemstones, and jewellery. IGI operates 31 laboratories across 10 countries, including key markets like India (Surat, Mumbai), Antwerp, New York, Bangkok, Dubai, Hong Kong, and Shanghai. The company is the second-largest independent certification provider globally and holds a 50% market share in India for diamond, jewellery, and colored stone certification as of 2023.
IGI offers a wide range of services, including grading reports for natural and lab-grown diamonds, which analyze the 4Cs (cut, colour, clarity, carat weight), as well as additional aspects like fluorescence and symmetry. Their expertise extends to coloured stone evaluations and the certification of finished jewellery, ensuring authenticity, craftsmanship, and value.
Apart from certification, IGI plays a significant role in gemology education, with 18 gemology schools globally, graduating thousands of students annually. The company’s education programs include courses in diamond grading, jewellery design, and related fields, strengthening its brand and industry presence.
A pioneer in the rapidly growing lab-grown diamond sector, IGI’s comprehensive services cater to a diverse customer base throughout the jewellery value chain. Supported by 843 employees, including 316 gemologists, IGI’s commitment to quality and customer satisfaction has made it a trusted name in the industry.
International Gemmological Institute IPO Details
The International Gemmological Institute (IGI) IPO is set to open for subscription from December 13, 2024, to December 17, 2024, with a price band of ₹397 to ₹417 per share. The IPO consists of a combination of fresh equity shares and an offer for sale (OFS). The total issue size is ₹4,225.00 crores, making it a significant offering in the jewellery certification sector.
| Particulars | Details |
|---|---|
| IPO Date | December 13, 2024, to December 17, 2024 |
| Listing Date | December 20, 2024 |
| Face Value | ₹2 per share |
| Price Band | ₹397 to ₹417 per share |
| Lot Size | 35 Shares |
| Total Issue Size | 101,318,944 shares (₹4,225.00 Cr) |
| Fresh Issue | 35,371,702 shares (₹1,475.00 Cr) |
| Offer for Sale (OFS) | 65,947,242 shares (₹2,750.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Pre-Issue Shareholding | 396,783,045 shares |
| Post-Issue Shareholding | 432,154,747 shares |
International Gemmological Institute IPO Timeline (Tentative Schedule)
The International Gemmological Institute IPO follows a structured timeline, starting from the subscription opening on December 13, 2024, to the expected listing on December 20, 2024. Below is the detailed schedule.
| Event | Date | Details |
|---|---|---|
| IPO Open Date | Friday, December 13, 2024 | The IPO subscription opens for investors. |
| IPO Close Date | Tuesday, December 17, 2024 | Final day for subscription. |
| Basis of Allotment Finalization | Wednesday, December 18, 2024 | The allotment of shares will be finalized based on investor categories. |
| Initiation of Refunds | Thursday, December 19, 2024 | Refunds for unallocated shares will be processed. |
| Credit of Shares to Demat Accounts | Thursday, December 19, 2024 | Successful applicants will have shares credited to their demat accounts. |
| Listing Date | Friday, December 20, 2024 | The IPO shares are expected to debut on BSE and NSE. |
| Cut-off Time for UPI Mandate | 5 PM on December 17, 2024 | UPI mandate approvals must be completed by this deadline. |
International Gemmological Institute IPO Lot Size
Investors can bid for a minimum of 35 shares, with bids allowed in multiples thereof. Retail investors, Small High Net-worth Individuals (S-HNI), and Big High Net-worth Individuals (B-HNI) have varying lot limits based on their investment capacity. Below are the details for minimum and maximum investments:
| Category | Lots | Shares | Investment Amount |
|---|---|---|---|
| Retail (Min) | 1 | 35 | ₹14,595 |
| Retail (Max) | 13 | 455 | ₹189,735 |
| S-HNI (Min) | 14 | 490 | ₹204,330 |
| S-HNI (Max) | 68 | 2,380 | ₹992,460 |
| B-HNI (Min) | 69 | 2,415 | ₹1,007,055 |
International Gemmological Institute IPO Reservation
The IPO has a structured reservation for different investor categories, ensuring fair distribution. The allocation is in accordance with SEBI guidelines, with a larger share reserved for Qualified Institutional Buyers (QIBs) and specific percentages for retail investors and Non-Institutional Investors (NIIs). Below are the details of the reservations:
| Investor Category | Shares Offered |
|---|---|
| QIB (Qualified Institutional Buyers) | Not less than 75% of the Net Offer |
| Retail Investors | Not more than 10% of the Net Offer |
| NII (HNI) | Not more than 15% of the Net Offer |
International Gemmological Institute IPO Promoter Holding
The promoter of International Gemmological Institute (IGI) IPO is BCP Asia II TopCo Pte. Ltd., which holds a significant stake in the company. Before the IPO, the promoter’s shareholding stood at 100%, showcasing complete ownership. However, after the issue, the promoter’s shareholding will reduce to 76.55%, reflecting the dilution of ownership due to the public offering. This strategic move enables the company to raise capital while still maintaining a majority stake under the promoter’s control, ensuring consistent leadership and governance.
International Gemmological Institute (India) Limited Financial Information
| Particulars | 30 Sep 2024 | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 |
|---|---|---|---|---|
| Assets (₹ Cr) | 775.60 | 603.20 | 409.03 | 319.69 |
| Revenue (₹ Cr) | 619.49 | 648.66 | 499.33 | 374.29 |
| Profit After Tax (₹ Cr) | 326.06 | 324.74 | 241.76 | 171.53 |
| Net Worth (₹ Cr) | 643.41 | 509.01 | 339.07 | 242.59 |
International Gemological Institute IPO Valuation – FY2023
| KPI | Values |
|---|---|
| ROE | -% |
| ROCE | -% |
| EBITDA Margin | 36.84% |
| PAT Margin | 7.30% |
| Debt to Equity Ratio | – |
| Earning Per Share (EPS) | ₹8.18 (Basic) |
| Price/Earning P/E Ratio | N/A |
| Return on Net Worth (RoNW) | 76.58% |
| Net Asset Value (NAV) | ₹12.83 |
International Gemological Institute IPO Registrar
- KFin Technologies Limited
- Phone: +91 40 6716 2222
- E-mail:Â igil.ipo@kfintech.com
- Website: https://ris.kfintech.com/
Company Address
International Gemological Institute IPO Limited
702, 7
th Floor, The Capital, Bandra Kurla
Complex, Bandra (E), Mumbai 400 051,
Maharashtra, India
Phone: +91 22 4035 2550
Email:Â investor.relations@igi.org
Website: https://www.igi.org/
Conclusion
The International Gemmological Institute IPO offers a compelling investment opportunity with strong financials, including impressive profitability, high Return on Net Worth (RoNW), and solid revenue growth. With a significant market share in India and a global presence, IGI is well-positioned to continue benefiting from the growing demand for diamond and gemstone certification services. Investors looking for long-term growth potential in the certification and gemology industry may find this IPO attractive. However, potential investors should carefully assess the valuation metrics and IPO details before making an investment decision.
International Gemological Institute IPO FAQs
What is the IPO size of International Gemmological Institute (IGI)?
The International Gemmological Institute IPO has a total issue size of ₹4,225.00 crores, consisting of a fresh issue of ₹1,475.00 crores and an offer for sale of ₹2,750.00 crores.
When is the IGI IPO opening and closing?
The IGI IPO will open on December 13, 2024, and close on December 17, 2024.
What is the price band for IGI IPO?
The price band for the IGI IPO is ₹397 to ₹417 per share.
What is the lot size for the IGI IPO?
Investors can apply for a minimum of 35 shares, and applications can be made in multiples of 35 shares.
What is the minimum investment amount for retail investors?
The minimum investment for retail investors is ₹14,595 for 35 shares.
When is the listing date for the IGI IPO?
The tentative listing date for the IGI IPO is December 20, 2024.
What are the categories of investors in the IGI IPO?
The IGI IPO has three investor categories:
- Qualified Institutional Buyers (QIB): 75% of the net offer
- Retail Investors: 10% of the net offer
- Non-Institutional Investors (NII): 15% of the net offer
What is the financial performance of IGI for FY2023?
In FY2023, IGI reported a revenue of ₹648.66 crores and a profit after tax of ₹324.74 crores.
Who is the promoter of IGI?
The promoter of IGI is BCP Asia II TopCo Pte. Ltd..
What is the EPS and P/E ratio for the IGI IPO?
The Earnings Per Share (EPS) for the IGI IPO is ₹8.18 (Basic), and the Price-to-Earnings (P/E) ratio is not available at the moment.
What is the return on net worth (RoNW) for IGI?
IGI has a Return on Net Worth (RoNW) of 76.58% for FY2023.
How can I apply for the IGI IPO?
Investors can apply for the IGI IPO through online platforms, banks, or brokers that offer IPO application services.