International Gemmological Institute (India) Limited
Dec 13, 2024 - Dec 17, 2024
International Gemmological Institute (India) Limited IPO Details
Mainline
Status
listed
Issue Price
₹397.00 - ₹417.00
Lot Size
35 Shares
Subscription
35.48 times
Listing Price
₹504.85 (21.07%)
Face Value
₹2 Per share
Issue Size
Approx ₹4225 Cr
Fresh Issue
Approx ₹1475 Cr
Total Shares Offered
Approx ₹2750 Cr
Retail Quota
10%
QIB Quota
75%
HNI Quota
15%
Retail Approx
-
S-HNI Approx
-
B-HNI Approx
-
Issue Type
Book Built Issue IPO
Listing On
BSE, NSE
Registrar
Kfin Technologies Limited
NSE Code
IGIL
BSE Code
544311
IPO Tentative Timetable
Open Date
Fri Dec 13 2024
Close Date
Tue Dec 17 2024
Allotment Date
Wed Dec 18 2024
Refunds Initiation
Thu Dec 19 2024
Demat Transfer
Thu Dec 19 2024
Listing Date
Fri Dec 20 2024
Valuation
Earning Per Share (EPS)
₹8.18
Price/Earning P/E Ratio
N/A
Return on Net Worth (RoNW)
76.58%
Net Asset Value (NAV)
₹12.83
Promoters
Pre issue Share Holding
100%
Post issue Share Holding
76.55%
Company Promoters
- BCP Asia II TopCo Pte. Ltd
Lead Managers
Axis Capital Limited
Kotak Mahindra Capital Company Limited
Morgan Stanley India Company Pvt Ltd
SBI Capital Markets Limited
Live Subscription
| Date | QIB | NII | NII (> ₹10L) | NII (< ₹10L) | Retail | EMP | Total |
|---|---|---|---|---|---|---|---|
| Dec 13, 2024 | 0 | 0.15 | 0.09 | 0.27 | 0.75 | 2.54 | 0.18 |
| Dec 16, 2024 | 0.09 | 0.88 | 0.62 | 1.4 | 2.58 | 7.13 | 0.77 |
| Dec 17, 2024 | 48.11 | 26.09 | 29.78 | 18.7 | 11.77 | 21.79 | 35.48 |
Lot Size
| 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 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 76.58% |
| ROCE | 80.96% |
| RoNW | 76.58% |
IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 4,55,71,942 (44.98%) | NA |
| QIB Shares Offered | 3,03,81,295 (29.98%) | NA |
| NII (HNI) Shares Offered | 1,51,90,647 (14.99%) | - |
| bNII > ₹10L | 1,01,27,098 (9.99%) | 20,667 |
| sNII < ₹10L | 50,63,549 (5%) | 10,333 |
| Retail Shares Offered | 1,01,27,098 (9.99%) | 2,89,345 |
| Employee Shares Offered | 52,910 (0.05%) | NA |
| Total Shares Offered | 10,13,23,892 (100%) | - |
Company Financial
| 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 |
About Company
International Gemmological Institute (India) Limited, established in February 1999, is a global organization specializing in certifying and grading diamonds, gemstones, and jewelry.
The company provides detailed diamond grading reports based on the 4Cs: cut, color, clarity, and carat weight. These reports also include information on fluorescence and symmetry for natural and lab-grown diamonds. It also evaluates gemstones such as rubies, sapphires, and emeralds, assessing their quality and authenticity with detailed grading reports. Additionally, the company evaluates finished jewelry, focusing on the quality of diamonds and colored stones, craftsmanship, and overall value.
Education is another key offering, with courses and professional programs in gemology, diamond grading, jewelry design, and related subjects.
As of September 30, 2024, the company operates 20 laboratories and 9 schools under its Pre-Acquisition Group, employing 843 professionals, including 316 gemologists. Globally, IGI runs 31 labs and branches in 10 countries, including major hubs like Surat and Mumbai in India, Antwerp, New York, Bangkok, Dubai, Hong Kong, and Shanghai.
The company is the second-largest independent certification provider for diamonds and jewelry worldwide, operating in an industry with high entry barriers. It also plays a significant role in certifying the rapidly expanding market for lab-grown diamonds. Its diverse range of services caters to customers across the diamond and jewelry supply chain. Through its educational programs, the company fosters awareness, strengthens partnerships, and enhances its brand.
The company provides detailed diamond grading reports based on the 4Cs: cut, color, clarity, and carat weight. These reports also include information on fluorescence and symmetry for natural and lab-grown diamonds. It also evaluates gemstones such as rubies, sapphires, and emeralds, assessing their quality and authenticity with detailed grading reports. Additionally, the company evaluates finished jewelry, focusing on the quality of diamonds and colored stones, craftsmanship, and overall value.
Education is another key offering, with courses and professional programs in gemology, diamond grading, jewelry design, and related subjects.
As of September 30, 2024, the company operates 20 laboratories and 9 schools under its Pre-Acquisition Group, employing 843 professionals, including 316 gemologists. Globally, IGI runs 31 labs and branches in 10 countries, including major hubs like Surat and Mumbai in India, Antwerp, New York, Bangkok, Dubai, Hong Kong, and Shanghai.
The company is the second-largest independent certification provider for diamonds and jewelry worldwide, operating in an industry with high entry barriers. It also plays a significant role in certifying the rapidly expanding market for lab-grown diamonds. Its diverse range of services caters to customers across the diamond and jewelry supply chain. Through its educational programs, the company fosters awareness, strengthens partnerships, and enhances its brand.
Company Contact
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/
Registrar Contact
kfin technologies limited
Phone: 04067162222, 04079611000
Email: igil.ipo@kfintech.com