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International Gemmological Institute (India) Ltd IPO

Our Company is an independent certification and accreditation services provider for diamonds, studded jewelry and colored stones certifications. Our Company is part of the International Gemmological Institute (IGI) group, and is responsible for the operation of the business under the IGI brand exclusively in India and T'rkiye.

International Gemmological Institute (India) Ltd IPO Details

Total Shares Offered

₹ 10,13,23,893

Offer to Public

6,59,47,242

Retail Max (Shares)

₹ 1,01,27,098

Pre Issue Promoters Holding

₹ 39,67,83,045

Exchange

BSE

Issue size

₹ 4225 Cr

IPO Open Date

Dec 13, 2024

Close Date

Dec 17, 2024

Lot Size

Min Investment

₹ 13,895

Issue Type

Book Building

Listing Date

Dec 20, 2024

International Gemmological Institute (India) Ltd IPO Dates

Dec 13, 2024

Opening date

Dec 17, 2024

Closing date

Dec 18, 2024

Basis of Allotment

Dec 19, 2024

Initiation of Refunds

Dec 19, 2024

Credit of Shares

Dec 20, 2024

Listing date

Details

Sector	Type
Sector	Miscellaneous
Sub Sector	NA
Issue Type	Book Building

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*	Shares Bid*
QIB	19.24x	75953237	1461702830
NII	26.09x	15190648	396279625
Retail	11.77x	10127098	119200550
Employee	24.03x	47962	1152585
Total	19.52x	101323893	1978335590

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

19.24x

26.09x

11.77x

24.03x

19.52x

75953237

15190648

10127098

47962

101323893

1461702830

396279625

119200550

1152585

1978335590

International Gemmological Institute (India) Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	1,053.16	898.01	490.99
EBITDA	614.75	474.32	354.07
PAT	439.25	329.66	244.30
Total Assets	927.51	364.34	273.04
Share Capital	86.43	0.40	0.40
Total Borrowings	475.36	19.52	11.30
Operating Activities (Net Cash)	453.21	342.47	255.38
Investing Activities (Net Cash)	1,313.04	-16.85	-0.20
Financing Activities (Net Cash)	475.36	19.52	11.30
Net Cashflow	307.61	236.18	198.35

About International Gemmological Institute (India) Ltd

Our Company was incorporated as `International Gemmological Institute (India) Private Limited' at Mumbai, Maharashtra as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated February 23, 1999, issued by the Registrar of Companies, Maharashtra at Mumbai (RoC). Our Company was subsequently converted into a public limited company and the name of our Company was changed to `International Gemmological Institute (India) Limited' and a fresh certificate of incorporation dated July 10, 2024.

According to the Redseer Report, the global jewelry market, which includes studded jewelry, is expected to grow at a CAGR of 3% to 6% from CY2023 to CY2028, and global diamond consumption is expected to grow at a CAGR of 6% over the same period. As the studded jewelry market grows, demand for certification is likely to rise, and certifications of diamonds, studded jewelry and colored stones is expected to grow at a CAGR of 5% to 10% from CY2023 to CY2028, with laboratory-grown diamonds certification leading the certification growth by volume, as per the Redseer Report.

Peer Comparison:

No Listed Industry Peers

International Gemmological Institute (India) Ltd Key Points

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.

Extensive range of services for certification and accreditation services provided to a diverse group of customers along the value chain.

Education initiatives that support spreading awareness, building customer partnerships and our brand.

Demonstrated track record of delivering growth in revenue, margins and returns.

Risk

The Company proposes to use the Net Proceeds from the Fresh Issue for the Proposed Acquisitions, following which the Company will be responsible for overseeing and managing the overall IGI business inside and outside of India. Its 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 its business or results of operations.

Unaudited Pro Forma Condensed Combined Financial Information included in this Red Herring Prospectus is prepared on a voluntary basis for illustration purposes only. Its actual results may differ from the actual outcome of the Proposed Acquisitions as presented in such Unaudited Pro Forma Condensed Combined Financial Information.

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.

Strategy

Maintain our leadership position in certification of laboratory-grown diamonds.

Expand our presence in the natural diamond and studded jewelry and colored stone vertical.

Expand our global laboratory network.

Continue to invest in building brand salience.

Leverage our strength in education to increase awareness as well as build trust and transparency.

How To Apply for International Gemmological Institute (India) Ltd IPO Online?

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FAQs on IPO (Initial Public Offering)

What is the issue size of the International Gemmological Institute (India) Ltd IPO?

International Gemmological Institute (India) Ltd's IPO offers shares for up to 1,475 It begins on Dec 13, 2024 and ends on Dec 17, 2024.

What is the price of the International Gemmological Institute (India) Ltd IPO?

The price of International Gemmological Institute (India) Ltd IPO ranges between ₹397 to ₹417 per share.

What are the open and close dates for the International Gemmological Institute (India) Ltd IPO?

The International Gemmological Institute (India) Ltd IPO opens on Dec 13, 2024 and closes on Dec 17, 2024.

When will the International Gemmological Institute (India) Ltd IPO be allotted?

The allotment for the International Gemmological Institute (India) Ltd IPO will be finalised on Dec 18, 2024. The shares will be listed on BSE and NSE on Dec 20, 2024.

What is the minimum lot size required for International Gemmological Institute (India) Ltd IPO?

The minimum lot size for International Gemmological Institute (India) Ltd IPO is 35 shares, priced between ₹397 to ₹417 per share.

What is the GMP of International Gemmological Institute (India) Ltd IPO?

The GMP (Grey Market Premium) of International Gemmological Institute (India) Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of International Gemmological Institute (India) Ltd IPO?

To check the allotment status of International Gemmological Institute (India) Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the International Gemmological Institute (India) Ltd IPO getting listed?

The International Gemmological Institute (India) Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Dec 13, 2024, and closes on Dec 17, 2024. The allotment is finalised on Dec 18, 2024.

How do you apply for the International Gemmological Institute (India) Ltd IPO?

To apply for the International Gemmological Institute (India) Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.