International Gemological IPO 2024: The International Gemological Institute (IGI) IPO is set to open on December 13, 2024, and will close on December 17, 2024. This IPO is a Book Built Issue, aiming to raise approximately ₹[.] crores, which includes a fresh issue of ₹1475.00 crores and an offer for sale of up to [.] equity shares, each with a face value of ₹2.
The price band for the IGI IPO is ₹[.] to ₹[.] per share. The allocation of shares is as follows: 10% for retail investors, 75% for Qualified Institutional Buyers (QIB), and 15% for High Net-Worth Individuals (HNI). The IPO is expected to list on the BSE and NSE on December 20, 2024, with the allotment date scheduled for December 18, 2024.
In terms of financial performance, the company reported a revenue of ₹648.66 crores in 2023, up from ₹499.33 crores in 2022. The profit also rose to ₹324.74 crores in 2023 from ₹241.76 crores in 2022. Based on these financials, long-term investors may find the IPO attractive.
International Gemological Institute IPO Details
- IPO Opening Date: December 13, 2024
- IPO Closing Date: December 17, 2024
- Face Value: ₹2 per equity share
- Price Band: ₹[.] to ₹[.] per share
- Issue Size: Approximately ₹[.] Crores
- Fresh Issue: Approximately ₹1,475 Crores
- Offer for Sale: Approximately ₹2,750 Crores, [.] equity shares
- Issue Type: Book Built Issue
- IPO Listing: BSE & NSE
- Retail Quota: Not more than 10%
- QIB Quota: Not more than 75%
- NII Quota: Not more than 15%
- DRHP Draft Prospectus: Click Here
- RHP Draft Prospectus: Click Here
International Gemological Institute IPO Market Lot Details
The minimum market lot for the International Gemological Institute IPO is [.] shares, with an application amount of ₹[.]. Retail investors have the option to apply for up to 13 lots, consisting of [.] shares, or ₹[.] in total.
| Application Type | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | – | ₹- |
| Retail Maximum | 13 | – | ₹- |
| S-HNI Minimum | 14 | – | ₹- |
| B-HNI Minimum | 68 | – | ₹- |
International Gemological Institute IPO Dates
The International Gemological Institute (IGI) IPO is set to open on December 13, 2024, and close on December 17, 2024. The allotment of shares will be finalized on December 18, 2024. Investors can expect refunds on December 19, 2024, with the credit of shares to their Demat accounts also occurring on the same day. The IPO will be listed on the stock exchange on December 20, 2024.
- IPO Open Date: December 13, 2024
- IPO Close Date: December 17, 2024
- Basis of Allotment: December 18, 2024
- Refunds: December 19, 2024
- Credit to Demat Account: December 19, 2024
- IPO Listing Date: December 20, 2024
Promoters of the International Gemological Institute IPO
The promoters of the International Gemological Institute (IGI) are BCP Asia II Topco II Pte Ltd.
About International Gemological Institute IPO
Established in 1975 in Antwerp, Belgium, the International Gemological Institute is the world’s second-largest provider of diamond certification and accreditation services. IGI certifies a wide range of diamonds, including natural and laboratory-grown stones, as well as jewelry featuring these diamonds, and colored stones such as rubies, sapphires, emeralds, and other precious and semi-precious stones.
The company is known for its detailed diamond grading services, evaluating diamonds based on their cut, color, clarity, and carat weight. Additionally, IGI examines diamond characteristics like fluorescence (how diamonds react under UV light) and symmetry. They also offer a screening service for customers to confirm whether a diamond is natural or synthetic.
In India, IGI is the largest independent provider of certification services, commanding a market share of around 50% in 2023 for certifying diamonds, diamond jewelry, and colored stones.
International Gemological Institute IPO: Financial Overview
IGI reported a significant growth in its financial performance. For 2023, the company posted a revenue of ₹648.66 crores, an increase from ₹499.33 crores in 2022. Its profit for the same period rose to ₹324.74 crores from ₹241.76 crores in 2022.
Financial Overview (₹ in Crores):
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
|---|---|---|---|---|
| 2022 | ₹499.33 | ₹169.97 | ₹241.76 | ₹409.03 |
| 2023 | ₹648.66 | ₹204.88 | ₹324.74 | ₹603.20 |
| September 2024 | ₹619.49 | ₹179.82 | ₹326.06 | ₹775.60 |
International Gemological Institute IPO Valuation (FY2023)
The IPO valuation details include key performance indicators such as Earnings Per Share (EPS), Price-to-Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV):
| KPI | Value |
|---|---|
| EBITDA Margin | 36.84% |
| PAT Margin | 7.30% |
| Debt-to-Equity Ratio | – |
| Earnings Per Share (EPS) | ₹8.18 (Basic) |
| Price-to-Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 76.58% |
| Net Asset Value (NAV) | ₹12.83 |
Peer Group Comparison
| Company | EPS | P/E Ratio | RoNW (%) | NAV | Income |
|---|---|---|---|---|---|
| NA | – | – | – | – | – Cr. |
Objects of the Issue
Details will be updated soon.
International Gemological Institute IPO Review
The IPO is being reviewed by several financial institutions, including:
- Canara Bank
- DRChoksey FinServ
- Emkay Global
- Hem Securities
- IDBI Capital
- Marwadi Shares
- Nirmal Bang
- SBICAP Securities
- Sharekhan
- SMC Global
- Sushil Finance
- Swastika Investmart
- Ventura Securities
- Geojit
- Reliance Securities
- Capital Market
- BP Wealth
- ICICIdirect
- Choice Broking
International Gemological Institute IPO Registrar
KFin Technologies Limited
Phone: +91 40 6716 2222
Email: igil.ipo@kfintech.com
Website: KFintech
IPO Lead Managers (Merchant Bankers)
- Axis Capital Limited
- Kotak Mahindra Capital Company Limited
- Morgan Stanley India Company Private Limited
- SBI Capital Markets Limited
Company Address
International Gemological Institute IPO Limited
702, 7th Floor, The Capital, Bandra Kurla Complex, Bandra (E), Mumbai 400 051, Maharashtra, India
Phone: +91 22 4035 2550
Email: investor.relations@igi.org
Website: IGI
How to apply for the International Gemological Institute IPO?
Investors can apply through ASBA online via their bank account or UPI through stock brokers. Offline applications can also be submitted.
What is the issue size of the International Gemological Institute IPO?
The issue size is ₹[.] crores.
What is the price band for the International Gemological Institute IPO?
The price band is ₹[.] to ₹[.].
What is the minimum lot size for the IPO?
The minimum bid size is [.] shares, with an amount of ₹[.].
What is the allotment date for the IPO?
The allotment date is December 18, 2024.
What is the listing date for the IPO?
The listing date is December 20, 2024, and the shares will be listed on BSE & NSE.
International Gemological Institute IPO FAQs
What is the International Gemological Institute IPO?
The IGI IPO is a mainboard issue, where the company intends to raise ₹[.] Crores through the IPO. The issue price is set at ₹[.] to ₹[.] per equity share, and the IPO will be listed on BSE & NSE.
When will the International Gemological Institute IPO open for subscription?
The IPO will open for subscription on December 13, 2024, for QIB, NII, and retail investors, and will close on December 17, 2024.
What is the IPO investors’ portion?
- QIB: 75%
- NII: 15%
- Retail: 10%
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