IPO Details
Bidding Dates
13 Dec 24 - 17 Dec 24
Price Range ₹
397 - 417
Total Equity
₹ 2441.99Cr
Lot Size
35
Exchange Status
BSE,NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
11.21×
Qualified Institutional Buyers
45.80×
Employees
20.63×
Retail Investors
11.21×
Total subscription Rate
33.78×
IPO Timeline
Offer start
13 Dec 2024
Offer end
17 Dec 2024
Allotment
18 Dec 2024
Refund initiation
19 Dec 2024
Demat transfer
19 Dec 2024
Listing
20 Dec 2024
Offer start
13 Dec 2024
Offer end
17 Dec 2024
Allotment
18 Dec 2024
Refund initiation
19 Dec 2024
Demat transfer
19 Dec 2024
Listing
20 Dec 2024
About Company
Incorporated in February 1999, International Gemmological Institute (India) Limited (IGI) is a globally renowned organization specializing in certifying and grading diamonds, gemstones, and jewellery. IGI provides independent grading reports based on internationally recognized standards, evaluating characteristics such as cut, colour, clarity, and carat weight for both natural and lab-grown diamonds, as well as coloured stones like rubies and emeralds. The company also assesses finished jewellery for quality, craftsmanship, and value. Beyond certification, IGI offers education programs in gemology, diamond grading, and jewellery design, supported by its network of 31 laboratories and 18 gemology schools worldwide, including major markets like Antwerp, New York, Dubai, Mumbai, and Surat. As of September 30, 2024, IGI employs 843 professionals, including 316 gemologists, and continues to serve as a trusted authority in the gem and jewellery industry.
Year Founded
23-02-1999
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 100 | 76.55 |
| Share Capital | 396783045 | 330835799 |
Offer to Public
5,85,60,902.00 Cr
Project Details
- Payment of the purchase consideration for the acquisition of the IGI Belgium Group and IGI Netherlan - 13000cr
- General corporate purposes - 1097.4cr
Objectives
- (a) Payment of the purchase consideration for the acquisition of IGI Belgium Group and IGI Netherlands Group from our Promoter
- and(b) General corporate purposes.
Highlights
- IGI’s gemology schools train skilled professionals, strengthening its position in the jewellery industry and enhancing brand visibility.
- Its diverse customer base, including manufacturers, retailers, and consumers, reduces dependency on any single customer segment.
- With 843 employees, including 316 gemologists, IGI ensures high-quality certification processes and timely service delivery.
- The company is a market leader in lab-grown diamond certification, a rapidly growing segment driven by rising consumer awareness and environmental considerations.
- IGI is a globally recognized and trusted authority in the certification of diamonds and gemstones, known for its precision and reliability.
Challenges
- Despite being a market leader, IGI faces competition from both established and emerging local and international certification firms.
- The company’s reliance on consumer spending for luxury items makes it vulnerable to economic slowdowns or recessions, which could impact revenue.
- IGI operates in multiple jurisdictions, requiring compliance with diverse regulatory frameworks, which could affect its profitability and operations.
- A significant portion of its operations is concentrated in India, exposing the company to local market dynamics and regulatory changes.
- The certification industry’s competitive landscape and evolving consumer preferences present ongoing challenges for IGI’s growth.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2022 | 4,090.34 | 3.95 | 2,417.58 | 2,417.58 | 6.09 |
| 2024 | 6,542.33 | 3.95 | 1,248.02 | 1,248.02 | 3.1438 |
| 2023 | 6,032.04 | 3.95 | 2,417.58 | 2,417.58 | 6.09 |
