International Gemological Institute (IGI) IPO - All You Need to Know
Get details about the International Gemmological Institute Mainline IPO including business overview, financial performance, live subscription status, allotment details, daily grey market premium (GMP), listing date, and listing price.
Backed by Blackstone, the International Gemmological Institute IPO will hit Dalal Street on 13 December 2024, with a total size of ₹ 4,225 crore. The IPO includes a fresh issue of ₹ 1,475 crore and OFS of ₹ 2,750 crore offered by the promoter BCP Asia II TopCo Pte.
IGI IPO stands at a global market share of 33% in diamond certification and holds a strong stand in laboratory-grown diamonds, making it a profitable opportunity for investors. Here is all you need to know about its price band, dates, objectives, financials, and much more.
International Gemological Institute IPO Key Details
International Gemmological Institute (IGI)
International Gemological Institute (IGI), originally established in Belgium in 1975, now offers services as the second biggest in the world independent certification and accreditation firm catering to diamonds, studded jewelry, and colored stones. Notably, the company offers considerable lab-grown diamonds having around a 65% share of the global market for these.
Key points :
- Total 31 laboratories along with laboratories in 10 different countries India, USA, Belgium, and China.
- Served over 7,500 clients globally as of 30 September 2024, including diamond producers, wholesalers, manufacturers, and retailers.
- Advanced technology like the Dcheck System for distinguishing between laboratory-grown and natural diamonds.
- Recognized for proprietary and industry-standard gemological instruments.
IGI Financial Performance
IGI’s financials reflect robust growth and profitability, driven by a global clientele and innovative services.
With an increasing margin of 54.68% in 9M FY24, IGI demonstrates strong operational efficiency.
IPO of IGI
The net proceeds from the fresh issue will be used for the following:
- Acquisition of IGI Belgium and Netherlands Group: ₹1,300 crore.
- General corporate purposes.
The amount raised through the offer for sale (OFS) will be credited to the promoter's account.
International Gemological Institute IPO Reservation
- Qualified Institutional Buyers (QIBs): 75% of the net offer (excluding employee quota).
- Non-Institutional Investors (NIIs): 15%.
- Retail Investors: 10%
- Employee Reservation: Shares worth ₹2 crore at a discounted price.
Important Dates for IGI IPO
The International Gemmological Institute IPO is an excellent investment opportunity for a world leader in diamond certification. The company has strong financials, a robust business model, and leadership in the market segment that is gaining importance. This IPO is bound to attract retail as well as institutional investors.
IPO subscription status and GMP of IGI. The listing performance will also be a significant factor in making your investment decision.
Disclaimer: Investments in IPOs are subject to market risks. Always consult a financial advisor before investing.
Frequently Asked Questions (FAQs) About IGI IPO
1. What is the size of the IGI IPO?
The International Gemological Institute (IGI) IPO is set to raise ₹4,225 crores, consisting of a fresh issue of ₹1,475 crore and an offer for sale (OFS) of ₹2,750 crore by the promoter BCP Asia II TopCo Pte.
2. When will the IGI IPO open and close?
The IGI IPO will open for subscription on 13 December 2024 and will close on 17 December 2024.
3. What is the price band for the IGI IPO?
The price band for the IGI IPO is ₹397 to ₹417 per share. Additionally, employees can avail of an employee discount of ₹39 per share.
4. What are the important dates for the IGI IPO?
- IPO Opening Date: 13 December 2024
- IPO Closing Date: 17 December 2024
- Finalization of Basis of Allotment: 18 December 2024
- Refund Initiation: 19 December 2024
- Shares Credit to Demat Accounts: 19 December 2024
- Listing Date: 20 December 2024
5. What is the minimum lot size for the IGI IPO?
The minimum bid lot for the IGI IPO is 35 shares, amounting to ₹14,595.
6. Who can apply for the IGI IPO?
- Retail Investors: 10% of the net offer is reserved for retail investors.
- Qualified Institutional Buyers (QIBs): 75% of the net offer (excluding the employee portion).
- Non-Institutional Investors (NIIs): 15% of the net offer.
- Employees: Shares worth ₹2 crore reserved for IGI employees at a discounted price.
7. How can I apply for the IGI IPO?
You can apply for the IGI IPO through:
- UPI-based Applications via brokerage platforms like Zerodha, Upstox, and Groww, AngelOne.
- IPO Ji App and IPO Ji website
- ASBA (Application Supported by Blocked Amount) via your bank’s net banking facility.
8. What is the objective of the IGI IPO?
The company plans to use the net proceeds from the fresh issue for:
- Acquisition of IGI Belgium Group and IGI Netherlands Group: ₹1,300 crore.
- General corporate purposes.
9. What are the financials of IGI?
IGI’s financial performance for the past years is as follows:
- FY 2023: Revenue – ₹638.53 crore, Net Income – ₹324.74 crore.
- 9M FY 2024: Revenue – ₹596.36 crore, Net Income – ₹326.06 crore.
The company has shown strong profitability with margins improving to 54.68% in 9M FY24.
10. How will the proceeds from the IGI IPO be utilized?
- ₹1,300 crore from the fresh issue will be used to acquire IGI Belgium Group and IGI Netherlands Group from the promoter.
- The remaining proceeds will be used for general corporate purposes.
11. Where will the IGI IPO be listed?
The IGI IPO shares will be listed on the NSE (National Stock Exchange) and BSE (Bombay Stock Exchange) on 20 December 2024.
12. Where can I check the allotment status for the IGI IPO?
You can check your IGI IPO allotment status on the IPO App and website also you can check it on KFin Tech website.
