The International Gemmological Institute (India) Limited IPO is set to open for subscription from December 13, 2024, to December 17, 2024, offering a promising investment opportunity in the diamond and jewellery certification industry. Here’s everything you need to know about the IPO.

IPO Details

• IPO Size: ₹4,225.00 crore
  • Fresh Issue: 3.54 crore shares (₹1,475.00 crore)
  • Offer for Sale (OFS): 6.59 crore shares (₹2,750.00 crore)
• Price Band: ₹397 to ₹417 per share
• Face Value: ₹2 per share
• Lot Size: 35 shares
• Minimum Investment: ₹14,595 (Retail)
• Listing: BSE and NSE
• Promoter: BCP Asia II TopCo Pte. Ltd.

IPO Timeline

• Open Date: December 13, 2024
• Close Date: December 17, 2024
• Basis of Allotment: December 18, 2024
• Refund Initiation: December 19, 2024
• Credit of Shares to Demat: December 19, 2024
• Listing Date: December 20, 2024

Anchor Investor Details

• Anchor Bid Date: December 12, 2024
• Funds Raised from Anchor Investors: ₹1,900.35 crore
• Lock-in Period for Anchor Shares:
  • 50% shares until January 17, 2025
  • Remaining shares until March 18, 2025

International Gemmological Institute (India) Limited: Company Overview

Founded in February 1999, International Gemmological Institute (India) Limited is a globally recognized leader in diamond, gemstone, and jewellery certification. IGI provides independent grading reports analyzing the 4Cs (Cut, Colour, Clarity, and Carat Weight) of diamonds, offering assurance to both retailers and consumers.

Key Services Offered:

• Certification for natural and lab-grown diamonds, coloured gemstones, and finished jewellery.
• Educational courses in gemology, diamond grading, and jewellery design.
• Research and innovation to support the jewellery industry.

Global Presence:

• 31 laboratories and 9 schools in 10 countries, including locations in Surat, Mumbai, Antwerp, New York, Dubai, Bangkok, Hong Kong, and Shanghai.
• Supported by a robust team of 843 employees, including 316 gemologists and professionals in certification, research, and education.

Financial Highlights

IGI has demonstrated robust financial growth, driven by its leadership in the certification industry and expanding global footprint.

Key Performance Indicators (2023):

• ROE: 76.58%
• ROCE: 80.96%
• RoNW: 76.58%

Competitive Strengths

• Second-largest independent certification provider globally for diamonds and jewellery.
• Strong presence in the rapidly growing lab-grown diamond certification market.
• High-barrier industry with extensive accreditation and certification services.
• Educational initiatives to build brand value and strengthen partnerships.

IPO Objectives

The proceeds from the IPO will be used for the following:

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