International Gemological Institute India IPO

About International Gemological Institute IPO

International Gemological Institute Limited (IGI) is launching an IPO with a total issue size of ₹4225.00 crore, consisting of a fresh issue of ₹1475.00 crore and an Offer for Sale (OFS) of ₹2750.00 crore. The bidding period opens on Friday, December 13, 2024, and closes on Tuesday, December 17, 2024. The share allotment is scheduled for Wednesday, December 18, 2024, and equity shares will be credited to the demat accounts of allottees by Thursday, December 19, 2024. The commencement of trading will take place on Friday, Dec 20, 2024.

Objective of International Gemological Institute IPO

The primary objectives of the IPO include:

• Funding the expansion of laboratory facilities.
• Investment in advanced technology for certification processes.
• General corporate purposes.

Anchor Investor Information

The anchor bidding will take place on Dec 12, 2024. The company may allocate up to 60% of the QIB portion to anchor investors, out of which one third will be allocated to Mutual Funds.

IPO Registrar and Book Running Lead Managers

Axis Bank, ICICI Securities, and Kotak Mahindra Capital Company manage the IPO. Registrar for the IPO: Kfin Technologies Limited

Registrar for the IPO is Link Intime India Private Limited

Business Model

• Revenue primarily from gemstone certification services.
  

• Additional income from grading jewellery and diamonds.
  

• Consulting services for clients in the gemstone industry
  

Company Growth Trajectory

IGI’s revenue from operations has consistently grown over the past three years, with a compound annual growth rate (CAGR) of 20.00%. Profit After Tax (PAT) has also demonstrated robust growth at 18.50% CAGR.

Company Market Position

IGI is among the top players in the gemological certification sector, boasting a strong presence across multiple geographies. Its state-of-the-art facilities and industry-leading practices have cemented its position as a trusted name globally. With increasing demand for authenticated gemstones, IGI’s growth prospects remain robust.

International Gemological Institute Industry Outlook

The global gemmological certification industry is driven by increasing consumer awareness and demand for verified gemstones. Technological advancements have further streamlined grading processes, enhancing efficiency. IGI operates in a market poised for steady growth as gemstone authenticity becomes a key consumer concern.

International Gemological Institute Company Information

IGI is a leading gemmological laboratory with global operations. The company specialises in certification and grading of diamonds and gemstones. Established over a decade ago, it has built a reputation for accuracy and reliability in the gemstone industry.

International Gemological Institute IPO Risk Factors

Market Volatility: Fluctuations in gemstone demand can directly impact revenue streams.

Technological Disruption: Rapid advancements in certification technologies may necessitate frequent updates, increasing operational costs.

Regulatory Risks: Compliance with global trade and certification standards could pose challenges in certain markets.

International Gemological Institute IPO Strengths:

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.

First mover and global market leader in providing certification services for the fast-growing laboratory grown diamond industry

Technological Advancements: Investment in cutting-edge certification technologies enhances accuracy and efficiency.

Established Reputation: A trusted brand name attracts a steady clientele in the highly specialised gemstone industry.

How to Check Allotment Status?

You can check the allotment status of shares either on the website of the Bombay Stock Exchange (BSE) or on the website of the registrar — Link InTime India Pvt Ltd. To check the status on the BSE website:

• Visit the BSE website
• Click on “Investor Services” and choose “Application Status Check”
• Choose the issue type — Equity or Debt (Equity in this case)
• Select the Issue Name from the drop-down. The issue name is the company’s name, which is International Gemmological Institute Ltd
• Enter your application number or PAN number
• Check the box which says “I’m not a Robot” and click on “Search” to know the allotment status

Follow these steps to know the allotment status on the registrar’s website:

• Visit the LinkIntime website
• Choose “Public Issues” from the “Investor Services” drop-down
• Select International Gemmological Institute Ltd from the drop-down
• Enter your PAN number or Application number
• Click on “Submit” to know the allotment status