International Gemmological Institute (India) Ltd IPO
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International Gemmological Institute (India) Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 1,013.24 L | ₹ 659.47 L | ₹ 101.27 L | ₹ 3,967.83 L | BSE | ₹ 4225 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 13 Dec, 24 | 17 Dec, 24 | 35 | ₹ 13,895 | Book Building | 20 Dec, 24 |
International Gemmological Institute (India) Ltd IPO Dates
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 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
International Gemmological Institute (India) Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 490.99 | 248.54 | 66.07 |
| EBITDA | 354.06 | 261.03 | 75.12 |
| PAT | 243.72 | 177.00 | 41.16 |
| Total Assets | 270.33 | 212.91 | 170.37 |
| Share Capital | 0.39 | 0.39 | 0.39 |
| Total Borrowings | 4.64 | 12.53 | 3.76 |
| Operating Activities (Net Cash) | 254.80 | 189.49 | 50.21 |
| Investing Activities (Net Cash) | -11.78 | -9.97 | -0.04 |
| Financing Activities (Net Cash) | 4.64 | 12.53 | 3.76 |
| Net Cashflow | 202.29 | 166.10 | 138.94 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
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.
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.
Peer Comparison:
- No Listed Industry Peers
International Gemmological Institute (India) Ltd IPO 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.
- 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.
How To Apply for International Gemmological Institute (India) Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
