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19 Dec 2024
International Gemmological Institute (India) Limited IPO
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.
IGI also offers education courses and degree plans for the gem and jewellery trade and has a research department. IGI operates 31 laboratories worldwide that grade finished jewellery, natural diamonds, lab-grown diamonds, and gemstones. Additionally, it has 18 gemology schools that graduate thousands of students each year.
The services offered by the company are as follows
- Diamond grading includes reports on the 4Cs (cut, colour, clarity, carat weight) for natural and lab-grown diamonds and details on fluorescence and symmetry.
- Evaluating the quality and authenticity of coloured stones like rubies, sapphires, and emeralds and issuing detailed grading reports.
- Evaluating finished jewellery involves assessing diamond and coloured stone quality, craftsmanship, and overall value.
- Offering educational programs and courses in gemology, diamond grading, jewellery design, and related subjects.
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.
International Gemmological Institute IPO Overview:
- ● Issue Type: Book-built issue
- ● IPO Size: ₹4,225.00 crores
- ○ Fresh Issue: 3.54 crore shares (₹1,475.00 crores)
- ○ Offer for Sale: 6.59 crore shares (₹2,750.00 crores)
- ● Shares Offered: 1.88 crore shares
- ● Price Per Share: ₹397 to ₹417 per share
- ● Minimum Lot Size: 35 shares
- ● IPO Opening Date: December 13, 2024
- ● IPO Closing Date: December 17, 2024
- ● Book Running Lead Managers: Axis Capital Limited, Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Pvt Ltd and SBI Capital Markets Limited.
- ● Registrar: Kfin Technologies Limited
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
International Gemmological Institute Limited GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | 417 | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
International Gemmological Institute IPO Details
| Detail | Description |
|---|---|
| IPO Date | December 13, 2024 to December 17, 2024 |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Price Band | ₹397 to ₹417 per share |
| Lot Size | 35 Shares |
| Total Issue Size | 101,318,944 shares (aggregating up to ₹4,225.00 Cr) |
| Fresh Issue | 35,371,702 shares (aggregating up to ₹1,475.00 Cr) |
| Offer for Sale | 65,947,242 shares of ₹2 (aggregating up to ₹2,750.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 396,783,045 |
| Shareholding post issue | 432,154,747 |
International Gemmological Institute IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Friday, December 13, 2024 |
| IPO Close Date | Tuesday, December 17, 2024 |
| Basis of Allotment | Wednesday, December 18, 2024 |
| Initiation of Refunds | Thursday, December 19, 2024 |
| Credit of Shares to Demat | Thursday, December 19, 2024 |
| Listing Date | Friday, December 20, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 17, 2024 |
International Gemmological Institute IPO Lot Size
| Application | Lots | Shares | 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
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 75% of the Net Issue |
| Retail Shares Offered | Not less than 10% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Inventurus Knowledge Solutions IPO Promoter Holding
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 76.55% |
Competitive Strength:
- ● The company is the second-largest independent certification provider globally for diamonds and jewellery, operating in a high-barrier industry.
- ● Provider of certification services for the rapidly growing laboratory-grown diamond industry.
- ● An extensive range of certification and accreditation services is offered to a diverse group of customers throughout the value chain.
- ● Education initiatives that support spreading awareness, building customer partnerships and the company's brand.
International Gemmological Institute (India) Limited Financial Information
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
| Assets | 775.60 | 603.20 | 409.03 | 319.69 | ||||||||||||||||||||||||||||||||||||
| Revenue | 619.49 | 648.66 | 499.33 | 374.29 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 326.06 | 324.74 | 241.76 | 171.53 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 643.41 | 509.01 | 339.07 | 242.59 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 111.46 | 119.40 | ||||||||||||||||||||||||||||||||||||||
| Amount in ₹ Crores | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 76.58% |
| ROCE | 80.96% |
| RoNW | 76.58% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 21.59 | 24.31 |
| P/E (x) | 61.55 | 54.66 |
International Gemmological Institute IPO Objectives:-
-
The Company proposes to utilize the Net Proceeds towards funding the following objectives:
- 1. Payment of the purchase consideration for the acquisition of IGI Belgium Group and IGI Netherlands Group from the Promoter.
- 2. General corporate purposes.
International Gemological Institute IPO FAQs
-
What is the International Gemological Institute IPO?
International Gemological Institute IPO is a Mainboard IPO. The company is going to raise ₹4,225.00 Crores via IPO. The issue is priced at ₹397 to ₹417 per equity share. The IPO is to be listed on BSE & NSE.
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When will the International Gemological Institute IPO open for subscription?
The IPO is to open on December 13, 2024 for QIB, NII and Retail Investors. The IPO will close on December 17, 2024.
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What is the International Gemological Institute IPO Investors Portion?
The investors’ portion for QIB is 75%, NII is 15%, and Retail is 10%.
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What is the International Gemological Institute IPO Issue Size?
International Gemological Institute IPO issue size is ₹4,225.00 crores.
-
What is the International Gemological Institute IPO Price Band?
International Gemological Institute IPO Price Band is ₹397 to ₹417.
-
What is the International Gemological Institute IPO Lot Size?
The minimum bid is 35 Shares with ₹14,595.
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What is the International Gemological Institute IPO Allotment Date?
International Gemological Institute IPO allotment date is December 18, 2024.
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What is the International Gemological Institute IPO Listing Date?
International Gemological Institute IPO listing date is December 20, 2024. The IPO is to be listed on BSE & NSE.
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What is the International Gemological Institute current GMP?
The current GMP of the International Gemological Institute is ---.
RHP:
RHP of International Gemmological Institute (India) Limited IPO
DRHP:
DRHP of International Gemmological Institute (India) Limited IPO
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