International Gemmological Institute IPO

International Gemmological Institute IPO opens for subscription on December 13, 2024 and closes on December 17, 2024. The allotment for the International Gemmological Institute IPO is expected to be finalized on Wednesday, December 18, 2024. International Gemmological Institute IPO will list on BSE, NSE with tentative listing date fixed as Friday, December 20, 2024.

International Gemmological Institute IPO price band is set at ₹397 to ₹417 per share. The minimum lot size for an application is 35 Shares. The minimum amount of investment required by retail investors is ₹14,595. The minimum lot size investment for sNII is 14 lots (490 shares), amounting to ₹204,330, and for bNII, it is 69 lots (2,415 shares), amounting to ₹1,007,055.

International Gemmological Institute IPO is a book built issue of Rs 4,225.00 crores. The issue is a combination of fresh issue of 3.54 crore shares aggregating to Rs 1,475.00 crores and offer for sale of 6.59 crore shares aggregating to Rs 2,750.00 crores.

International Gemmological Institute IPO Details

International Gemmological Institute IPO Lot Size

Investors can bid for a minimum of 35 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

International Gemmological Institute IPO Objectives

The Company proposes to utilize the Net Proceeds towards funding the following objects:

Payment of the purchase consideration for the acquisition of IGI Belgium Group and IGI Netherlands Group from the Promoter; and

General corporate purposes.

About International Gemmological Institute

Incorporated in February 1999, International Gemmological Institute (India) is a globally recognized organization certifying and grading diamonds, gemstones, and jewellery.

IGI provides independent grading reports that analyze and certify the characteristics of stones using internationally recognized standards. These reports include details about the stone’s colour, cut, clarity, and carat weight.

IGI also offers education courses and degree plans for the gem and jewellery trade and has a research department.

IGI operates 31 laboratories worldwide that grade finished jewellery, natural diamonds, lab-grown diamonds, and gemstones. Additionally, it has 18 gemology schools that graduate thousands of students each year.

The services offered by the company are as follows

• Diamond grading includes reports on the 4Cs (cut, colour, clarity, carat weight) for natural and lab-grown diamonds and details on fluorescence and symmetry.
• Evaluating the quality and authenticity of coloured stones like rubies, sapphires, and emeralds and issuing detailed grading reports.
• Evaluating finished jewellery involves assessing diamond and coloured stone quality, craftsmanship, and overall value.
• Offering educational programs and courses in gemology, diamond grading, jewellery design, and related subjects.

As of September 30, 2024, the company has a network of 20 laboratories and 9 schools under the Pre-Acquisition Group, supported by 843 employees, including 316 gemologists and other professionals in research, education, and certification processes.

As of September 30, 2024, IGI’s certification business operates through 31 branches and laboratories in 10 countries, including key markets like Surat and Mumbai in India, Antwerp, New York, Bangkok, Dubai, Hong Kong, and Shanghai.

Competitive Strength

Education initiatives that support spreading awareness, building customer partnerships and the company’s brand

The company is the second-largest independent certification provider globally for diamonds and jewellery, operating in a high-barrier industry.

Provider of certification services for the rapidly growing laboratory-grown diamond industry.

An extensive range of certification and accreditation services is offered to a diverse group of customers throughout the value chain.

International Gemmological Institute (India)Financial Information

Inventurus Knowledge Solutions IPO Reservation

International Gemmological Institute IPO Timeline (Tentative Schedule)

International Gemmological Institute IPO opens on December 13, 2024, and closes on December 17, 2024.