International Gemmological Institute (India) Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹397 - ₹417
- Lot size
- 35 shares
- Issue amount
- ₹4,225 cr
- Total subscription
- 33.8×
- Opens
- 13 Dec 2024
- Closes
- 17 Dec 2024
- Allotment
- 18 Dec 2024
- Listing
- 20 Dec 2024
Offer at a glance
Issue overview
- Issue size
- 10,13,23,893 shares
- Face value
- ₹2 Per Share
- Minimum investment
- ₹13,895
- Fresh issue
- ₹1,475.13 cr
- Offer for sale
- ₹2,749.87 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,595
- Issue type
- Bookbuilding IPO
- Shares before issue
- 39,67,83,045
- Shares after issue
- 43,21,59,696
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 1 | 35 | ₹14,595 |
| sHNI | 14 | 490 | ₹2,04,330 |
| bHNI | 69 | 2,415 | ₹10,07,055 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 2,89,346 | 34,11,296 |
| HNIs(10L +) | 20,668 | 6,15,534 |
| HNIs (2-10L) | 10,334 | 1,93,390 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 1,266.9 | 60,953.01 |
| RETAIL | 422.3 | 4,978.79 |
| NIB | 633.45 | 16,528.75 |
| HNIs 2+ | 211.15 | 3,951.53 |
| HNIs 10+ | 422.3 | 12,577.21 |
| EMPLOYEES | 2.21 | 48.14 |
Financial performance
Company financials
In Crores. · Reported periods may include interim results.
Key performance indicators
| Metric | Sept-24 | Dec-23 | Dec-22 |
|---|---|---|---|
| EPS | 8.22 | 8.18 | 6.09 |
| ROE | 56.59 | 76.58 | 83.13 |
| ROCE | 62.19 | 80.96 | 87.09 |
| RONW | 56.59 | 76.58 | 83.13 |
| Pre IPO | 0 | 50.95 | 0 |
| Post IPO | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
International Gemmological Institute (India) Limited (IGI), incorporated in February 1999, is a globally recognized organization specializing in certifying and grading diamonds, gemstones, and jewellery. Operating 31 laboratories and 18 gemology schools worldwide, including key markets such as Surat, Mumbai, Antwerp, New York, Bangkok, Dubai, Hong Kong, and Shanghai, IGI provides independent grading reports for natural and lab-grown diamonds, coloured stones, and finished jewellery, assessing attributes like cut, colour, clarity, carat weight, fluorescence, symmetry, craftsmanship, and overall value. The company also offers education programs in gemology, diamond grading, and jewellery design, supported by a dedicated research department. As of September 30, 2024, IGI’s Pre-Acquisition Group includes 20 laboratories and 9 schools, staffed by 843 employees, including 316 gemologists, ensuring internationally recognized standards and fostering industry expertise.
Strengths
- Global Recognition: Renowned for high-quality gem certification and services.
- Advanced Technology: State-of-the-art infrastructure ensures precision and reliability.
- Diversified Portfolio: Offers a wide range of services across gemology and jewelry.
Risk factors
- Dependence on Luxury Market: Vulnerable to economic downturns impacting discretionary spending.
- Regulatory Compliance: Must adhere to evolving international standards, posing operational risks.
- Technological Threats: Rapid tech changes may outpace current systems, affecting competitiveness.
Promoters
BCP Asia II TopCo Pte. Ltd.
Registrar & documents
Lead manager
Axis Capital Limited, Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited, SBI Capital Markets Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
702, 7 th Floor, The Capital, Bandra Kurla Complex, Bandra (E), Mumbai 400 051, Maharashtra, India
+91 22 4035 2550
[email protected]Company website ↗Understanding IGIL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.