About International Gemmological Institute (India) IPO
International Gemmological Institute (India) is set to roll out a Rs 4,225 crore book. This IPO subscription is an amalgamation of a fresh issue of Rs 1,475 crore (3.54 crore shares) and an offer-for-sale of Rs 2,750 crore (6.59 crore shares). The firm is gearing up to list on both the BSE and NSE.
Retail investors must make a minimum investment of Rs 14,595 to participate. Small NII investors need to invest at least Rs 204,330 for 490 shares, equivalent to 14 lots. Large NII investors need a minimum investment of Rs 1,007,055 for 2,415 shares, which is 69 lots.
Kfin Technologies Ltd will serve as the official registrar for this offering, ensuring seamless management and compliance. Axis Capital Ltd, Kotak Mahindra Capital Company Ltd, Morgan Stanley India Company Pvt Ltd and SBI Capital Markets Ltd are the book running lead managers in this IPO.
International Gemmological Institute IPO Latest GMP:
The most recent GMP of the International Gemmological Institute is Rs 159, as of 20th December, 2024 9:30 AM. The IPO has a price band of Rs 417. The estimated listing price for International Gemmological Institute (India) IPO is Rs 576, reflecting a potential gain of 38% per share.
For the IPO, the Retail Subject to Sauda is Rs 2,100, and the Small HNI Subject to Sauda is Rs 29,400. The GMP ranges from a low of Rs 75 to a high of Rs 145.
International Gemmological Institute (India) IPO Details
| International Gemmological Institute (India) IPO Opening Date and Closing Date | 13th December to 17th December |
| Face Value | Rs 2 per share |
| Price Band | Rs 397 to Rs 417 per share |
| Lot Size | 35 Shares |
| Total Issue Size | 101,318,944 shares (aggregating up to Rs 4,225 Cr) |
| Fresh Issue | 35,371,702 shares (aggregating up to Rs 1,475 Cr) |
| Offer for Sale | 65,947,242 shares (aggregating up to Rs 2,750 Cr) |
| Issue Type | Book-Built Type Issue |
| Listing At | NSE, BSE |
| Shareholding Pre-Issue | 396,783,045 |
| Shareholding Post Issue | 432,154,747 |
| Basis of Allotment | Wednesday, 18th December, 2024 |
| Refund Initiation | Thursday, 19th December, 2024 |
| Credit of Shares in Demat | Thursday, 19th December, 2024 |
| Listing Date | Friday, 20th December, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on 17th December, 2024 |
| Draft Red Herring Prospectus | Link |
| Red Herring Prospectus | Link |
International Gemmological Institute (India) Company Details
- IGI India is a global diamond grading and certification body that was founded in February 1999.
- Issuing impartial grading reports that cover natural and lab-grown diamonds, gemstones, and jewelry according to international norms, IGI also includes affecting factors like cut, color, clarity, and carat weight.
- The institution mainly qualifies finished stones, jewelry, and artistry and offers extensive grading reports concerning them.
- IGI has 31 laboratories distributed all over the 10 countries: India, Antwerp, New York, Bangkok, Dubai, Hong Kong, and Shanghai, among many others.
- Apart from this, IGI provides education in gemology, diamond grading, and jewelry designing through its 18 gemology schools and its research department.
- As of 30th September, 2024, IGI’s Pre-Acquisition Group includes 20 laboratories and 9 schools, supported by 843 employees, including 316 gemologists.
International Gemmological Institute IPO Lot Size, Shares, And Their Value:
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 35 | Rs 14,595 |
| Retail (Max) | 13 | 455 | Rs 189,735 |
| S-HNI (Min) | 14 | 490 | Rs 204,330 |
| S-HNI (Max) | 68 | 2,380 | Rs 992,460 |
| B-HNI (Min) | 69 | 2,415 | Rs 1,007,055 |
Investor categories and International Gemmological Institute (India) shares offered:
| Investor Category | Shares Offered |
| QIB Shares Offered | Not less than 75.00% of the offer |
| Retail Shares Offered | Not more than 10.00% of the Offer |
| NII (HNI) Shares Offered | Not more than 15.00% of the Offer |
International Gemmological Institute (India) Company Performance:
For the period ended on 31st Dec, 2023 & 31st Dec, 2022:
| Periods Ended | 31st Dec, 2023 | 31st Dec, 2022 |
| Assets | Rs 603.20 Cr. | Rs 409.03 Cr. |
| Revenue | Rs 648.66 Cr. | Rs 499.33 Cr. |
| Profit After Tax | Rs 324.74 Cr. | Rs 241.76 Cr. |
| Net Worth | Rs 509.01 Cr. | Rs 339.07 Cr. |
| Reserves and Supplies | – | Rs 111.46 Cr. |
International Gemmological Institute (India) IPO: Worth Investing?
Financial Performance:
Revenue: The company generated Rs 619.49 crore in revenue during the period ended on 30th September, 2024.
Net Worth: The company’s net worth, which represents the total value of the company’s assets minus its liabilities, is Rs 643.41 crore.
Profit After Tax (PAT): The company earned a profit of Rs 326.06 crore after deducting taxes.
Financial Position:
Assets: The company’s total assets amounted to Rs 775.60 crore.
International Gemmological Institute (India) Key Performance Indicators (KPI) and their values:
The market capitalisation of International Gemmological Institute (India) IPO is Rs 18,000 crore. As of 31st March, KPI and their values are:
| KPI | Values |
| Return on Equity (ROE) | 76.58% |
| Return on Capital Employed (ROCE) | 80.96% |
| Return on Net Worth (RoNW) | 76.58% |
Objectives of International Gemmological Institute (India) IPO
The company plans to use the net proceeds for:
- Paying for the acquisition of IGI Belgium Group and IGI Netherlands Group from the Promoter.
- General corporate purposes.
Key Risks of Investing in International Gemmological Institute (India) IPO
- IGI’s revenue is affected by economic slowdowns as it depends on consumer spending on luxury items.
- Operating across various regions exposes IGI to regulatory challenges that may impact its operations and profitability.
- Competition from local and international firms could challenge IGI’s position despite being a market leader.
- A large part of IGI’s operations is focused in India, making it vulnerable to local market and regulatory changes.
Some Frequently Asked Questions (FAQs)
What is the price band of the International Gemmological Institute (India) IPO?
Price band has been fixed at Rs 397 and Rs 417 per share.
What is the retail investor quota of the International Gemmological Institute (India) IPO?
A maximum of 10% shares shall go to the retail investors.
What is the lot size and share distribution for High Net-Worth Individuals (HNIs)?
The lot size for HNIs is 14 lots, with a total of 490 shares allocated.
How can I apply for the International Gemmological Institute (India) Initial Public Offer?
You can apply through your demat account, banking channels, or other financial institutions during the IPO period.
When is the Last Date of IPO subscription for International Gemmological Institute (India)?
The cut-off time is 5 PM on 17th December, 2024, but many brokers close applications earlier, typically between 1-3 PM.
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