International Gemological Institute IPO Closed
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Schedule of International Gemological Institute
| Issue open date | 13 Dec 2024 |
| Issue close date | 17 Dec 2024 |
| UPI mandate deadline | 17 Dec 2024 (5 PM) |
| Allotment finalization | 18 Dec 2024 |
| Refund initiation | 19 Dec 2024 |
| Share credit | 19 Dec 2024 |
| Listing date | 20 Dec 2024 |
| Mandate end date | 01 Jan 2025 |
| Lock-in end date for anchor investors (50%) | 17 Jan 2025 |
| Lock-in end date for anchor investors (remaining) | 18 Mar 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About International Gemological Institute
IGI India, a key player in diamond certification, is launching its IPO. As the world’s second-largest independent certifier of diamonds, IGI holds a 33% global market share and dominates India’s diamond certification market with a 50% share. It leads globally in laboratory-grown diamond certifications with a 65% market share and excels in certifying studded jewellery.
Since 1975, IGI has had a global presence in 10 countries, with 31 branches and 18 gemology schools. It is a pioneer in jewellery certification and education, offering services such as diamond grading, coloured stone evaluation, jewellery assessments, and gemology training.
Supported by Blackstone, IGI has shown strong growth and robust profitability. Its innovative services and global reach position it as a trusted leader in the gemological industry.
Financials of International Gemological Institute
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹4225 crores |
| Fresh Issue | ₹1475 crores |
| Offer for Sale | ₹2750 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Payment for acquiring IGI Belgium and IGI Netherlands Groups | 1.3 (0.09%) |
| General corporate purposes | 1473.7 (99.91%) |
Strengths
- Second-largest global certification provider for loose stones and jewellery.
- Leader in certification for the lab-grown diamond industry.
- Wide range of services for diverse customers.
- Educational initiatives are building brand and customer partnerships.
- Proven growth in revenue, margins, and returns.
- Experienced management backed by a global asset manager.
Risks
- High dependence on the Indian market.
- Vulnerable to regulatory and legal challenges.
- Intense competition from global and regional players.
- Legal proceedings involving the company and affiliates may affect business.
Allotment Status
To check your allotment status – click here.
Subscription Figures for International Gemological Institute
Subscription numbers as of 5:00 PM on 17 Dec 2024:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 319.12 | 14617.02 | 45.80x |
| HNI (₹2L+) | 159.56 | 3962.71 | 24.84x |
| Retail (upto ₹2L) | 106.37 | 1191.35 | 11.20x |
| Employees | 0.56 | 11.51 | 20.62x |
| Total | 585.6 | 19782.62 | 33.78x |