International Gemmological Institute IPO, valued at ₹4,225 crore, is set to open for subscription from December 13 to December 17, 2024. International Gemmological Institute IPO comprises a fresh issue of 3.54 crore shares, raising ₹1,475 crores, and an offer for sale of 6.59 crore shares worth ₹2,750 crore. The price band is fixed between ₹397 and ₹417 per share.
Retail investors can apply for a minimum lot size of 35 shares, requiring an investment of ₹14,595. sNII investors need a minimum of 14 lots, or ₹2,04,330, while bNII investors must bid for at least 69 lots, amounting to ₹1,007,055. The allotment is expected to be finalised on December 18, 2024, with the listing on both BSE and NSE scheduled for December 20, 2024.
Axis Capital, Kotak Mahindra Capital, Morgan Stanley India, and SBI Capital Markets are the lead managers overseeing the IPO. Kfin Technologies Limited has been appointed as the registrar. Investors can review the Red Herring Prospectus for further details on this significant market event.
Industry Outlook
- The global jewellery market reached ₹26,600 billion (~USD 320 billion) in 2023, with India contributing ₹5,300 billion (~USD 64 billion). The Indian market rebounded post-COVID, growing at a CAGR of 16% from 2020 to 2023.
- Diamond-studded jewellery grew rapidly to ₹780 billion (~USD 9 billion) in 2023, contributing 15% to the market. This segment is expected to drive growth with a projected CAGR of 20% till 2028, increasing its share to 25-30%.
- Gold jewellery, the largest segment, grew by 14% post-COVID, reaching ₹4,300 billion (~USD 52 billion) in 2023, but its share is projected to decline to 70-75% by 2028 as studded jewelry gains popularity.
International Gemmological Institute IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- The net proceeds will be used to pay for the acquisition of IGI Belgium Group and IGI Netherlands Group from the promoter.
- The remaining funds will be allocated towards general corporate purposes.
About International Gemmological Institute (India) Limited
International Gemmological Institute Limited (IGI) is a globally renowned authority in the certification and grading of diamonds, gemstones, and jewellery. Founded in February 1999, the company has established itself as a trusted name in the gem and jewellery industry, serving clients worldwide with precision and integrity.
IGI specialises in providing comprehensive certification services, including grading reports that evaluate the essential characteristics of diamonds and gemstones, such as colour, cut, clarity, and carat weight. These certifications adhere to internationally recognised standards, ensuring accuracy and consistency in quality assessment.
In addition to certification, IGI is a leading provider of educational programs through its 18 gemology schools, which equip thousands of students annually with expertise in gemology, diamond grading, and jewellery design. The institute’s research department fosters innovation and maintains high standards in gemological studies.
With 31 laboratories across the globe, IGI offers advanced grading services for natural diamonds, lab-grown diamonds, gemstones, and finished jewellery. Its state-of-the-art facilities and skilled workforce ensure reliable and timely certification services, catering to diverse industry needs.
The company also pioneers initiatives like in-factory and mobile laboratory setups, enhancing convenience for clients while maintaining the highest service quality. By consistently delivering excellence, IGI has become a cornerstone of trust and reliability in the gem and jewellery certification industry, catering to major jewellery brands and diamond growers worldwide.
How To Check the Allotment Status of the International Gemmological Institute IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How to apply for the International Gemmological Institute IPO online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the International Gemmological Institute IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of International Gemmological Institute IPO
Registered office: 02, 7th Floor, The Capital, Bandra Kurla Complex, Bandra (E), Mumbai 400 051,Maharashtra, India
Phone:+91 22 4035 2550
E-mail: investor.relations@igi.org
International Gemmological Institute IPO Reservation
|
Investor Category |
Shares Offered |
|
QIB Shares Offered |
Not less than 75.00% of the Net offer |
|
Retail Shares Offered |
Not more than 10.00% of the Net offer |
|
NII (HNI) Shares Offered |
Not more than 15.00% of the Net offer |
International Gemmological Institute IPO Lot Size
|
Application |
Lots |
Shares |
Amount |
|
Retail (Min) |
1 |
35 |
₹14,595 |
|
Retail (Max) |
13 |
455 |
₹1,89,735 |
|
S-HNI (Min) |
14 |
490 |
₹2,04,330 |
|
S-HNI (Max) |
68 |
2,380 |
₹9,92,460 |
|
B-HNI (Min) |
69 |
2,415 |
₹1,007,055 |
International Gemmological Institute IPO Anchor Investors Details
The International Gemmological Institute IPO has secured ₹1,900.35 crore from anchor investors. The anchor bidding for the IPO took place on December 12, 2024.
|
Bid Date |
December 12, 2024 |
|
Shares Offered |
45,571,942 |
|
Anchor Portion Size (In Cr.) |
1,900.35 |
|
Anchor lock-in period end date for 50% shares (30 Days) |
January 17, 2025 |
|
Anchor lock-in period end date for remaining shares (90 Days) |
March 18, 2025 |
International Gemmological Institute IPO Promoter Holding
The company is promoted by BCP Asia II TopCo Pte. Ltd.
|
Share Holding Pre-Issue |
100% |
|
Share Holding Post Issue |
76.55% |
Key Performance Indicators for International Gemmological Institute IPO
|
KPI |
Value |
|
ROE |
76.58% |
|
ROCE |
80.96% |
|
RoNW |
76.58% |
International Gemmological Institute IPO Prospectus
International Gemmological Institute IPO Registrar and Lead Managers
International Gemmological Institute IPO Book Running and Lead Managers
- Axis Capital Limited
- Kotak Mahindra Capital Company Limited
- Morgan Stanley India Company Pvt Limited
- SBI Capital Markets Limited
Registrar for International Gemmological Institute IPO
Kfin Technologies Limited
- Contact Number: 04067162222, 04079611000
- Email Address: igil.ipo@kfintech.com
Website: International Gemmological Institute IPO Registrar
Financial Performance of International Gemmological Institute (India) Limited
| Particulars | As at and for 3-months period ended March 31, 2024 | As at and for the CalendarYear ended December 31, 2023 | Year ending on Calendar Year December 31, 2022 |
|---|---|---|---|
| Revenue from Operation (in ₹ million) | 2,091.07 | 6,385.28 | 4,909.94 |
| Profit After Tax (PAT) (in ₹ million) | 1,248.02 | 3,247.38 | 2,417.58 |
| Net Worth (in ₹ million) | 5,591.50 | 5,090.09 | 3,390.73 |
| Return on Capital Employed (%) | 27.38 | 80.96 | 87.09 |
| EBITDA (in ₹ million) | 1,653.01 | 4,501.18 | 3,351.82 |
| Current Ratio (x) | 6.16 | 5.64 | 7.14 |
| Return on Net Worth (RoNW) | 23.37 | 76.58 | 83.13 |
Know before investing
Strengths
6Second largest independent certification provider, excelling in high-barrier industries.
Global leader in certification for the growing lab-grown diamond market.
Diverse certification services cater to clients across the jewellery value chain.
Educational initiatives enhance awareness and strengthen customer relationships.
Proven growth in revenue, margins, and returns over the years.
Managed by seasoned professionals supported by a leading global asset manager.
Risks
6Managing an internationally dispersed business may hinder operational efficiencies post-acquisition.
Unaudited financial information may differ from actual outcomes of acquisitions.
Valuation report assumptions for acquisitions may be inaccurate or incomplete.
Adverse publicity could harm brand reputation, reducing service demand.
Dependency on leased premises may disrupt operations if renewals fail.
Promoter lacks significant experience in the company's line of business.
