International Gemological Institute IPO will be open on December 13, 2024. Today, we will share with you 10 important things about the company’s issues as follows:
1. International Gemological Institute IPO Open and closing date?
International Gemological Institute IPO opening date is December 13, 2024, and the closing date is December 17, 2024.
2. What is the size of the International Gemological Institute IPO?
The company International Gemological Institute decided to raise around ₹4,225 crores via IPO which comprises entirely a fresh issue of ₹1475 crores and no offer for sale with face value of ₹10 each.
3. What are the subscription details of the International Gemological Institute IPO?
The price band for the International Gemological Institute IPO is ₹397 to ₹417 per share. In this IPO total of 35 shares were available in 1 lot size for the minimum Retail category and for the maximum retail category, 455 shares in 13 lot sizes were available as well. Retail minimum investors must invest at least ₹14,595 and Retail maximum investors must invest at least ₹189,735. While S-HNI Minimum total of 490 shares was available in 14 lot sizes must invest at least ₹204,330, for B-HNI Minimum investors total of 2,415 shares are available in 69 lot sizes must invest at least ₹1,007,055 amount.
4. What is the International Gemological Institute IPO listing Date?
International Gemological Institute is a Mainboard IPO whose shares will be listed on 20th December 2024 on the BSE (Bombay Stock Exchange) & NSE (National Stock Exchange).
5. What are the objectives of the International Gemological Institute IPO Issue?
The International Gemological Institute IPO aims to pay the purchase consideration for the acquisition of IGI Belgium Group and IGI Netherlands Group from the Promoter and will use the funds raised for general corporate purposes.
6. About International Gemological Institute
Founded in Antwerp, Belgium, in 1975, the International Gemological Institute is the world’s second-largest company to provide services related to the certification and accreditation of various types of diamonds. They offer both natural and laboratory-grown diamonds, such as studded jewelry and colored stones like rubies, sapphires, emeralds, and other precious and semi-precious stones. In India, IGI is the largest independent provider of certification and accreditation services, they hold around 50% of the market share for certifying diamonds, jewelry with diamonds, and colored stones in 2023.
7. International Gemological Institute Financials
The company reported revenue of ₹648.66 crores in December 2023 against ₹499.33 crores in December 2022. The company reported Profit of ₹324.74 crores in December 2023 against Profit of ₹241.76 crores in December 2022.
8. International Gemological Institute IPO Promoters
The company’s promoters are BCP Asia II Topco II Pte Ltd.
9. International Gemological Institute IPO Risk factors
- Pros:
- As of March 2024, their certification business operates through 31 branches, and these branches are located in 10 countries, including key markets like Surat and Mumbai (India), Antwerp (Belgium), New York (USA), Bangkok (Thailand), Dubai (UAE), Hong Kong, and Shanghai (China), among other cities.
- IGI is the largest independent provider of certification and accreditation services, they hold around 50% of the market share for certifying diamonds, jewelry with diamonds, and colored stones in 2023.
- Cons:
- Most of the net profit of the International Gemological Institute is used to pay the promoters of the company.
- The company gets a massive amount of profit from its top 15 customers. If they fail to keep these customers or fail to attract new ones, it might harm the company’s revenue and growth.
10. Who are the International Gemological Institute IPO lead manager and registrar?
Axis Capital Limited, Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited, and SBI Capital Markets Limited are the lead managers of the International Gemological Institute while KFin Technologies Limited is the registrar of the company.
