International Gemological, IGI IPO Date, BIG IPO, Review, Price, Allotment Details

International Gemological Institute (IGI) IPO

IGI IPO – The highly anticipated International Gemological Institute IPO is set to open on December 13, 2024, and will close on December 17, 2024. Known as IGI, this IPO is a Book Built Issue, with the company aiming to raise approximately ₹4,225.00 crores. This amount includes a fresh issue of ₹1,475.00 crores and an offer for sale of up to [.] equity shares with a face value of ₹2 each.

The price band for the International Gemological Institute IPO is set at ₹397 to ₹417 per share. The allocation for retail investors is 10%, while Qualified Institutional Buyers (QIB) will receive 75% and High Net Worth Individuals (HNI) will receive 15%. The IPO is scheduled to list on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on December 20, 2024, with the allotment date set for December 18, 2024.

In terms of financial performance, the company reported revenue of ₹648.66 crores in December 2023, up from ₹499.33 crore in December 2022. Similarly, profits increased to ₹324.74 crores in December 2023, compared to ₹241.76 crores in December 2022. Based on these strong financials, investors are advised to consider the International Gemological Institute IPO for long-term investment potential.

International Gemological Institute (IGI) IPO Details

International Gemological Institute IPO Market Lot

The International Gemological Institute IPO minimum market lot is 35 shares with ₹14,595 application amount. The retail investors can apply up-to 13 lots with 455 shares or ₹189,735 amount at a time.

International Gemological Institute IPO Dates

The International Gemological Institute IPO date is December 13 and the close date is December 17. The International Gemological Institute IPO allotment will be finalized on December 18 and the IPO listing on December 20.

Promoters of International Gemological Institute IPO

The promoters of the company are BCP Asia II Topco II Pte Ltd.

About International Gemological Institute IPO

Established in Antwerp, Belgium in 1975, the International Gemological Institute (IGI) stands as the world’s second-largest company specializing in the certification and accreditation of various types of diamonds. Their services encompass both natural and laboratory-grown diamonds, including studded jewelry and an array of colored stones such as rubies, sapphires, emeralds, and other precious and semi-precious gems.

IGI offers a comprehensive range of services to customers, including detailed diamond grading based on cut, color, clarity, and carat weight. Additionally, the company goes the extra mile by evaluating fluorescence, which indicates how diamonds react under UV light, as well as assessing the symmetry of the diamonds. They also provide screening services to verify whether a diamond is natural or synthetic, ensuring customer satisfaction.

In India, IGI holds the distinction of being the largest independent provider of certification and accreditation services. As of 2023, they command approximately 50% of the market share for certifying diamonds, diamond jewelry, and colored stones.

International Gemological Institute IPO Company Financial Report

In December 2023, the company recorded revenue of ₹648.66 crores, a significant increase from the ₹499.33 crore reported in December 2022. Additionally, the company reported a profit of ₹324.74 crores in December 2023, up from ₹241.76 crores in December 2022. These impressive financial results demonstrate the company’s continued growth and success.

Amount ₹ in Crores

International Gemological Institute IPO Valuation – FY2023

Check International Gemological Institute IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Objects of the Issue

Payment for the acquisition of IGI Belgium Group and IGI Netherlands Group from the Promoter, as well as for general corporate purposes.