International Gemmological Institute IPO Overview

International Gemmological Institute IPO is a book built issue of Rs 4,225.00 crores. The issue is a combination of fresh issue of 3.54 crore shares aggregating to Rs 1,475.00 crores and offer for sale of 6.59 crore shares aggregating to Rs 2,750.00 crores.

International Gemmological Institute IPO bidding opened for subscription on December 13, 2024 and will close on December 17, 2024. The allotment for the International Gemmological Institute IPO is expected to be finalized on Wednesday, December 18, 2024. International Gemmological Institute IPO will list on BSE, NSE with tentative listing date fixed as Friday, December 20, 2024.

International Gemmological Institute 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 manager  of the International Gemmological Institute IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to International Gemmological Institute IPO RHP for detailed information.

International Gemmological Institute IPO Important dates

International Gemmological Institute IPO opens on December 13, 2024, and closes on December 17, 2024.

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 Financial Performance

Period Ended 30 Sep 2024 31 Dec 2023 31 Dec 2022 31 Dec 2021
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 ₹ Crore

International Gemmological Institute IPO Key Performance Indicator

KPI as of December 31, 2023.

KPI Values
ROE 76.58%
ROCE 80.96%
RoNW 76.58%

International Gemmological Institute IPO Objectives

The Company proposes to utilize the Net Proceeds towards funding the following objects:

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

International Gemmological Institute IPO Lot Size

Investors can bid for a minimum of 35 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

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 Details

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
Share holding pre issue 396,783,045
Share holding post issue 432,154,747

International Gemmological Institute IPO Company Overview and Services

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.

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.

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 IPO  SWOT Analysis

A SWOT analysis of the International Gemmological Institute (IGI) IPO can provide a structured overview of the company’s current position and potential. Here’s a breakdown based on available information:

Strengths:

  • Strong Brand Reputation: IGI is a well-established and globally recognized brand in the gemmological industry, known for its independent grading reports and adherence to international standards.
  • Diversified Revenue Streams: IGI generates revenue from various services, including grading, identification, valuation, and education, reducing reliance on a single service.
  • Expertise and Technology: The company has a strong team of experts and utilizes advanced technology to provide accurate and reliable services.
  • Global Network: IGI has a wide network of laboratories and offices, enabling it to serve a global clientele.1
  • High ROE and ROCE: The company has demonstrated strong financial performance with high Return on Equity (ROE) and Return on Capital Employed (ROCE).

Weaknesses:

  • Revenue Concentration: A significant portion of IGI’s revenue is derived from its top clients, which could pose a risk if these relationships weaken.
  • Post-Acquisition Concerns: Potential concerns exist regarding decreased EBITDA and PAT margins post-acquisition, which could impact valuation.
  • Dependence on the Diamond Industry: IGI’s business is closely tied to the diamond industry, making it susceptible to fluctuations in this market.

Opportunities:

  • Growth in the Global Jewelry Market: The global jewelry market is growing, and IGI is well-positioned to benefit from this growth, particularly in emerging markets.
  • Increasing Demand for Certification: The increasing demand for certified gemstones and jewelry provides opportunities for IGI to expand its grading and certification services.
  • Expansion into New Markets: IGI can explore expansion into new geographic markets and service offerings to further diversify its revenue streams.
  • Technological Advancements: Continued advancements in gemmological technology can be leveraged to enhance service offerings and efficiency.

Threats:

  • Competition: IGI faces competition from other gemmological laboratories and certification services.
  • Economic Downturns: Economic downturns can impact consumer spending on luxury goods like jewelry, affecting demand for IGI’s services.
  • Fluctuations in Gemstone Prices: Volatility in gemstone prices can impact the valuation and trading of gemstones, potentially affecting IGI’s business.
  • Changes in Industry Standards: Changes in industry standards or regulations could require IGI to adapt its processes and technologies.

Overall:

IGI appears to be a strong player in the gemmological industry with a well-established brand and diversified service offerings. The IPO presents an opportunity for the company to further capitalize on the growing demand for gemstone certification and expand its global presence. However, investors should also consider the potential weaknesses and threats, such as revenue concentration and competition.

International Gemmological Institute IPO GMP Details

International Gemmological Institute IPO last GMP is ₹115, last updated Dec 14th 2024 12:29 PM. With the price band of 417.00, International Gemmological Institute IPO’s estimated listing price is ₹532 (cap price + today’s GMP).The expected percentage gain/loss per share is 27.58%.

We update GMP on a daily basis and based on last 8 sessions grey market activities, today IPO GMP trending upward and expects a strong listing. The lowest GMP is ₹75, while the highest GMP is ₹145. Stay with us to know the daily price trend of International Gemmological Institute IPO GMP with expected listing price.

GMP Date IPO Price GMP Sub2 Sauda Rate Estimated Listing Price Last Updated
14-12-2024 417.00 ₹115   3100/43400 ₹532 (27.58%) 14-Dec-2024 12:29
13-12-2024 Open 417.00 ₹105   2800/39200 ₹522 (25.18%) 13-Dec-2024 22:27
12-12-2024 417.00 ₹75  2000/28000 ₹492 (17.99%) 12-Dec-2024 22:24
11-12-2024 417.00 ₹131   3500/49000 ₹548 (31.41%) 11-Dec-2024 22:29
10-12-2024 417.00 ₹100  2700/37800 ₹517 (23.98%) 10-Dec-2024 22:25
09-12-2024 417.00 ₹145   3900/54600 ₹562 (34.77%) 9-Dec-2024 22:27
08-12-2024 NA ₹105  — ₹105 (%) 8-Dec-2024 22:31
07-12-2024 NA ₹111  — ₹111 (%) 7-Dec-2024 22:28

What is IPO GMP?

The grey market premium (GMP) reflects the unofficial trading price of an IPO before its listing, offering insights into its potential market performance. A positive GMP indicates that the IPO may yield profits, while a negative GMP suggests a possible discount upon listing. However, it’s essential to recognize that IPO GMP can be highly volatile. Therefore, investors should not make decisions solely based on the GMP but should thoroughly assess all relevant factors before investing.

International Gemmological Institute IPO Subscription Status 

International Gemmological Institute IPO subscribed 0.18 times. The public issue subscribed 0.75 times in the retail category, 0.00 times in QIB, and 0.15 times in the NII category by December 13, 2024 (Day 1).

Investor Category Subscription (times) Shares Offered Shares Bid for Total Amount (Rs Cr.)*
Qualified Institutions 0.00 30,381,295 10,990 0.46
Non-Institutional Buyers 0.15 15,190,647 23,13,465 96.47
  bNII (bids above ₹10L) 0.09 10,127,098 9,58,650 39.98
  sNII (bids below ₹10L) 0.27 5,063,549 13,54,815 56.50
Retail Investors 0.75 10,127,098 76,33,080 318.30
Employees 2.54 52,910 1,34,190 5.60
Others [.] 0 0 0
Total 0.18 55,751,950 1,00,91,725 420.82

Total Application : 181,850 (181,850.00 times)

Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.

Date QIB NII Retail EMP Total
Day 1
December 13, 2024		 0.00 0.15 0.75 2.54 0.18

International Gemmological Institute IPO  Allotment status 

The allotment status of International Gemmological Institute IPO is expected to be available on December 18, 2024.

International Gemmological Institute IPO allotment status is not available at this time. International Gemmological Institute IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for International Gemmological Institute (India) Limited IPO allotment status.

To check International Gemmological Institute IPO allotment status, follow the steps below:

  1. Click on the below allotment status check button.
  2. Select Company Name.
  3. Enter your PAN Number, Application Number or DP Client ID (Anyone).
  4. Click on Search.

On securing the allotment, you will receive the credit of equivalent shares in your Demat account.

If you have any concerns or queries about the allotment status, contact Kfin Technologies Limited either by phone or email. Investors can call on 04067162222, 04079611000 or send an email with all relevant details to igil.ipo@kfintech.com.

International Gemmological Institute IPO Contact Details

International Gemmological Institute (India) Limited
702, 7 th Floor
The Capital, Bandra Kurla
Complex, Bandra (E), Mumbai-400051
Phone: +91 224035 2550
Email: investor.relations@igi.org
Website: https://www.igi.org/

Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.

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