International Gemmological Institute IPO Details
The key details of International Gemmological Institute’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹4225 Cr |
| Price Range | ₹397 - ₹417 |
| Retail Quota | 10% |
| QIB Quota | 75% |
| NII Quota | 25% |
| Employee Discount | -- |
| Listing at | NSE and BSE |
| Minimum Quantity | 35 |
| Investment (cut-off price) | ₹14,595 |
| Pre IPO Promotor Holding | 100% |
| Post IPO Promotor Holding | Update soon |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
International Gemmological Institute IPO Timelines
The IPO process for International Gemmological Institute includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
13/12/2024
Start Date17/12/2024
End Date19/12/2024
Refund Initiation19/12/2024
Credit of Shares to Demat Ac20/12/2024
Listing DateInternational Gemmological Institute IPO Lot Size
The International Gemmological Institute IPO has a fixed lot size of 35 shares, at an upper price band of ₹417 per share, requiring ₹14,595 per lot for retail investors. Retail investors can apply for a maximum of 455 shares worth ₹189,735. For Small HNI (S-HNI), the minimum application starts at 490 shares (₹204,330) up to 2,380 shares (₹992,460), while Big HNI (B-HNI) requires a minimum of 2,415 shares amounting to ₹1,007,055.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 35 | ₹14,595 |
| Retail Maximum | 13 | 455 | ₹189,735 |
| S-HNI Minimum | 14 | 490 | ₹204,330 |
| S-HNI Maximum | 68 | 2380 | ₹992,460 |
| B-HNI Minimum | 69 | 2415 | ₹1,007,055 |
International Gemmological Institute IPO Subscription Status
The subscription status for International Gemmological Institute IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 48.11x | 26.09x | 11.77x | 21.79x | 35.48x |
IPO Performance on Listing Day
On the listing day (December 20, 2024), International Gemmological Institute (IGI) debuted positively on the stock exchange. The stock opened at ₹510, registering a premium of 22.3% over its issue price of ₹417.
During the trading session, the stock witnessed moderate volatility, reaching a high of ₹525 and testing a low of ₹459. Despite some intraday fluctuations, IGI shares concluded the day at ₹471.15, securing a decent gain of 13% over the issue price, reflecting a balanced market response to this newly listed entity.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹510 | ₹471.15 | ₹525 | ₹459 |
International Gemmological Institute IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹499.33 | ₹169.97 | ₹241.76 |
| FY 2023 | ₹648.66 | ₹204.88 | ₹324.74 |
| FY 2024 (6 M) | ₹619.49 | ₹179.82 | ₹326.06 |
About Company
The International Gemological Institute (India) Limited (IGI), owned by Blackstone, is a global leader in certifying and accrediting natural diamonds, laboratory-grown diamonds, studded jewelry, and colored gemstones. With a robust global network of advanced facilities and expert gemologists, IGI caters to manufacturers, retailers, and consumers, offering precise and transparent certification services. Its strong reputation as a trusted partner has solidified its position as a market leader in the jewelry industry.
IGI’s commitment to innovation and excellence is evident in its unbiased evaluations and adherence to the highest quality standards. By ensuring authentic certifications, IGI empowers customers to make informed purchase decisions, fostering confidence in jewelry transactions. With a legacy of integrity and customer-centricity, IGI continues to be a cornerstone of trust and excellence, driving future growth and innovation in the jewelry sector.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 1999 | Diamond, Gems and Jewellery | Tehmasp Printer |
Know Before Investing
International Gemmological Institute IPO Strengths
- IGI leads India’s certification services and holds a 33% global market share in diamond and gemstone certifications.
- Achieved 30% revenue growth in 2023, reaching ₹638.5 crore.
- Plans to acquire IGI Belgium and Netherlands to strengthen global presence.
- Supported by a skilled management team and Blackstone’s expertise.
- Pioneering lab-grown diamond certification to capitalize on a growing market.
International Gemmological Institute IPO Risks
- Acquisitions of IGI Belgium and Netherlands may face operational inefficiencies.
- Dependence on the diamond and gemstone market exposes the company to fluctuations.
- Compliance with changing international standards may impact operations.
- Lack of an established market for shares creates post-IPO trading uncertainty.
- Business relies on consumer spending, vulnerable to economic shifts.
Swot Analysis for International Gemmological Institute IPO
Strengths
Industry Leader, Global Reach, ISO Accreditation, Comprehensive Reporting
Weaknesses
Dependence on Luxury Market, Limited Brand Awareness, High Operational Costs
Opportunities
Growing Certification Demand, Expansion Potential, Technological Advancements
Threats
Intense Competition, Economic Downturns, Regulatory Changes
Company Details
INTERNATIONAL GEMMOLOGICAL INSTITUTE (INDIA) LIMITED
702, 7th Floor, The Capital,
Bandra Kurla Complex,
Bandra (E), Mumbai 400051,
Maharashtra, India
Email: investor.relations@igi.org
Tel: +91 2240352550
Website: https://www.igi.org/
IPO Registar Details
KFinTechnologies Limited
Phone: +91 40 6716 2222
E-mail: igil.ipo@kfintech.com
Website: https://ris.kfintech.com/
FAQs
The key objectives of International Gemmological Institute IPO are:
- Payment for acquiring IGI Belgium Group and IGI Netherlands Group from the Promoter.
- Allocation for general corporate purposes.
Axis Capital Limited, Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited and SBI Capital Markets Limited are the book-running lead managers for the International Gemmological Institute IPO.