International Gemological Institute of India Limited - IPO
MAINBOARDInternational Gemological Institute of India Stock Price
International Gemological Institute of India IPO Details
International Gemological Institute of India IPO Subscription
International Gemological Institute of India IPO Application Wise Breakup (Approx)
International Gemological Institute of India IPO Dates
- 13 Dec 2024Opening dateOPD
- 17 Dec 2024Closing dateCOD
- 18 Dec 2024Basis of AllotmentBOA
- 19 Dec 2024Initiation of RefundsIOR
- 19 Dec 2024Credit of SharesCOS
- 20 Dec 2024Listing dateLID
International Gemological Institute of India IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retain Minimum | 1 | 35 | ₹14,595 |
| Retain Maximum | 13 | 455 | ₹189,735 |
| SHNI Minimum | 14 | 490 | ₹204,330 |
| SHNI Maximum | 68 | 2380 | ₹992,460 |
| BHNI Minimum | 69 | 2415 | ₹1,007,055 |
International Gemological Institute of India IPO Reservation
Promoter Holding
International Gemological Institute of India IPO Valuations
International Gemological Institute of India Limited Financial Information
| Period Ended | 30 Sep 2024 | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 |
| Assets | 775.60 | 603.20 | 409.03 | 319.69 |
| Revenue | 619.49 | 648.66 | 499.33 | 374.29 |
| Profit After Tax | 326.06 | 324.74 | 241.76 | 171.53 |
| Net Worth | 643.41 | 509.01 | 339.07 | 242.59 |
| Reserves and Surplus | 111.46 | 119.40 | ||
| Amount in ₹ Crore | ||||
About International Gemological Institute of India IPO
Incorporated in February 1999, International Gemmological Institute (India) Limited 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
- 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.
- Education initiatives that support spreading awareness, building customer partnerships and the company's brand
Strength Of International Gemological Institute of India IPO
1. World's second largest independent certification and accreditation services provider among our global peers for loose stones and studded jewelry and in an industry characterized by barriers to entry.
2. First mover and global market leader in providing certification services for the fast-growing laboratory grown diamond industry.
3. Extensive range of services for certification and accreditation services provided to a diverse group of customers along the value chain.
4. Education initiatives that support spreading awareness, building customer partnerships and our brand.
5. Demonstrated track record of delivering growth in revenue, margins and returns.
6. Experienced professional management team backed by the largest alternate asset manager globally.
Risk Of International Gemological Institute of India IPO
1. Our Company proposes to use the Net Proceeds from the Fresh Issue for the Proposed Acquisitions, following which our Company will be responsible for overseeing and managing the overall IGI business inside and outside of India. We may face difficulties managing and administering an internationally dispersed business and may not be able to achieve operational efficiencies following the Proposed Acquisitions, which could adversely affect our business or results of operations.
2. Unaudited Pro Forma Condensed Combined Financial Information included in this Red Herring Prospectus is prepared on a voluntary basis for illustration purposes only. Our actual results may differ from the actual outcome of the Proposed Acquisitions as presented in such Unaudited Pro Forma Condensed Combined Financial Information.C
3. The valuation report obtained for the Proposed Acquisitions is based on various assumptions and may not be indicative of the true value of the IGI Belgium Group and the IGI Netherlands Group.
4. A significant portion of the Net Proceeds are proposed to be paid to the Promoter of our Company.
5. Our success depends substantially on the value of our brand and our reputation, and adverse publicity, damage to our brand or a loss of reputation could impact the demand for our services or erode our market share or otherwise have a material adverse effect on our business.
6. Most of business operations of the Pre-Acquisition Group are conducted on premises obtained on lease or leave and license basis and any inability to seek renewal or extension of such leases or leave and license agreements may materially affect our business operations. Further, certain of these premises have not been registered as required under Indian law.
7. Our Promoter acquired our Company in Calendar Year 2023 and does not have significant experience in our line of business.
8. Our Promoter will continue to retain significant shareholding in our Company after the Offer, which will allow them to exercise influence over us. Any substantial change in our Promoter's shareholding, or shareholding of our Company, may have an impact on the trading price of our Equity Shares which could have an adverse effect on our business, financial condition, results of operations and cash flows.
9. We have entered, and may continue to enter into related party transactions which may involve conflicts of interest. Further, our Promoter, Directors, Group Companies, Key Managerial Personnel and Senior Management Personnel have interests in us other than the reimbursement of expenses incurred and normal remuneration and benefits.
10. We do not have exclusive or long term contracts with our customers, and there is no assurance that they will continue to demand for our services.
Objectives International Gemological Institute of India IPO
Payment of the purchase consideration for the acquisition of IGI Belgium Group and IGI Netherlands Group from the Promoter; and
General corporate purposes.
Company Contact Details
International Gemological Institute of India Limited
702, 7th Floor, The Capital,
Bandra Kurla Complex, Bandra (E),
Mumbai 400 051, Maharashtra, India
Phone: +91 22 4035 2550
Email: investor.relations@igi.org
Website: https://www.igi.org/
Registrar Contact Details
Lead Mangers
Axis Capital Limited
Kotak Mahindra Capital Company Limited
Morgan Stanley India Company Pvt Ltd
SBI Capital Markets Limited