Bookbuilding IPO | ₹4,225 Cr | Listed at BSE, NSE | Fri, Dec 13, 2024 - Tue, Dec 17, 2024
International Gemmological IPO is a book build issue of ₹4,225.00 crores. The issue is a combination of fresh issue of 3.54 crore shares aggregating to ₹1,475.13 crores and offer for sale of 6.59 crore shares aggregating to ₹2,749.87 crores.
International Gemmological IPO bidding started from Dec 13, 2024 and ended on Dec 17, 2024. The allotment for International Gemmological IPO was finalized on Dec 18, 2024. The shares got listed on BSE, NSE on Dec 20, 2024.
International Gemmological IPO price band is set at ₹417 per share. The lot size for an application is 35. The minimum amount of investment required by an retail is ₹14,595 (35 shares) (based on upper price). The lot size investment for sNII is 14 lots (490 shares), amounting to ₹2,04,330, and for bNII, it is 69 lots (2,415 shares), amounting to ₹10,07,055.
The issue includes a reservation of up to 52,910 shares for employees offered at a discount of ₹39.00 to the issue price.
Axis Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to International Gemmological IPO RHP for detailed Information.
IPO Open
Fri, Dec 13, 2024
IPO Close
Tue, Dec 17, 2024
Issue Price
₹417 per share
Market Cap (Pre-IPO)
₹18,020.85 Cr
| IPO Date | 13 to 17 Dec, 2024 |
| Listed on | Fri, Dec 20, 2024 |
| Face Value | ₹2 per share |
| Price Band | ₹397 to ₹417 |
| Issue Price | ₹417 per share |
| Lot Size | 35 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹39.00 |
| Total Issue Size | 10,13,23,893 shares (agg. up to ₹4,225 Cr) |
| Fresh Issue | 3,53,76,651 shares (agg. up to ₹1,475 Cr) |
| Offer for Sale | 6,59,47,242 shares of ₹2 (agg. up to ₹2,750 Cr) |
| Share Holding Pre Issue | 39,67,83,045 shares |
| Share Holding Post Issue | 43,21,59,696 shares |
| BSE Script Code / NSE Symbol | 544311 / IGIL |
| ISIN | INE0Q9301021 |
International Gemmological IPO offers total 10,13,23,893 shares. Out of which 7,59,53,238 (74.96%) allocated to QIB, 3,03,81,296 (29.98%) allocated to QIB (Ex- Anchor), 1,51,90,647 (14.99%) allocated to NII 1,01,27,098 (9.99%) allocated to RII and 4,55,71,942 (44.98%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 7,59,53,238 (74.96%) | NA |
| − Anchor Investor Shares Offered | 4,55,71,942 (44.98%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 3,03,81,296 (29.98%) | NA |
| NII (HNI) Shares Offered | 1,51,90,647 (14.99%) | NA |
| − bNII > ₹10L | 1,01,27,098 (9.99%) | 20,667 |
| − sNII < ₹10L | 50,63,549 (5.00%) | 10,333 |
| Retail Shares Offered | 1,01,27,098 (9.99%) | 2,89,345 |
| Employee Shares Offered | 52,910 (0.05%) | NA |
| Total Shares Offered | 10,13,23,893 (100.00%) |
Investors can bid for a minimum of 35 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 35 | ₹14,595 |
| Retail (Max) | 13 | 455 | ₹1,89,735 |
| S-HNI (Min) | 14 | 490 | ₹2,04,330 |
| S-HNI (Max) | 68 | 2,380 | ₹9,92,460 |
| B-HNI (Min) | 69 | 2,415 | ₹10,07,055 |
International Gemmological IPO raises ₹1,900.35 crore from anchor investors. International Gemmological IPO Anchor bid date is December 12, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Dec 12, 2024 |
| Shares Offered | 4,55,71,942 |
| Anchor Portion (₹ Cr.) | 1,900.35 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Jan 16, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Mar 17, 2025 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
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
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
| Period Ended | 30 Sep 2024 | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 |
|---|---|---|---|---|
| Assets | 775.60 | 603.20 | 409.03 | 319.69 |
| Total Income | 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 | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment of the purchase consideration for the acquisition of IGI Belgium Group and IGI Netherlands Group from the Promoter; and | 1,300.00 |
| 2 | General corporate purposes. | 109.74 |
| KPI | Dec 31, 2023 |
|---|---|
| ROE | 76.58% |
| ROCE | 80.96% |
| RoNW | 76.58% |
| PAT Margin | 54.68% |
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 50.98 | 82.9 |
| Promoter Holding | 100% | 76.55% |
| Market Cap | ₹18,020.85 Cr. |
The International Gemmological IPO is subscribed 35.48 times on December 17, 2024 6:20:08 PM (Day 3). The public issue subscribed 11.77 times in the retail category, 48.11 times in the QIB category, and 26.09 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 48.11 | 3,03,81,295 | 1,46,17,02,830 |
| NII | 26.09 | 1,51,90,647 | 39,62,78,610 |
| bNII (bids above ₹10L) | 29.78 | 1,01,27,098 | 30,16,11,870 |
| sNII (bids below ₹10L) | 18.7 | 50,63,549 | 9,46,66,740 |
| Retail | 11.77 | 1,01,27,098 | 11,91,98,800 |
| Employee | 21.79 | 52,910 | 11,52,900 |
| Total | 35.48 | 5,57,51,950 | 1,97,83,33,140 |
Total Application : 41,83,197
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs fees and commissions (including underwriting commission) | 99.71 |
| 2 | Brokerage, selling commission, bidding charges, processing fees and bidding charges for the Members of the Syndicate, Registered Brokers, SCSBs, RTAs and CDPs (2)(3)(4)(5)(6) | 4.32 |
| 3 | Advertising and marketing expenses for the Offer | 25.13 |
| 4 | Other expenses | 19.34 |
| 5 | Listing fees, SEBI filing fees, BSE & NSE processing fees, book building software fees and other regulatory expenses, | 2.20 |
| 6 | Printing and stationery expenses | 14.58 |
| 7 | Fees payable to the legal counsel | 7.82 |
| 8 | Fees payable to other advisors to the Offer including but not limited to industry expert,^ valuers, & independent chartered accountant,@ auditors,§ etc. | |
| 9 | Fees payable to the Registrar to the Offer | 13.83 |
| 10 | Miscellaneous |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹417.00 | ₹417.00 |
| Open | ₹504.85 | ₹510.00 |
| Low | ₹454.55 | ₹459.00 |
| High | ₹525.00 | ₹525.00 |
| Last Trade | ₹470.15 | ₹471.15 |
International Gemmological IPO is a main-board IPO of 10,13,23,893 equity shares of the face value of ₹2 aggregating up to ₹4,225 Crores. The issue is priced at ₹417 per share. The minimum order quantity is 35.
The IPO opens on Fri, Dec 13, 2024, and closes on Tue, Dec 17, 2024.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in International Gemmological IPO using UPI as a payment gateway. Zerodha customers can apply in International Gemmological IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in International Gemmological IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The International Gemmological IPO opens on Fri, Dec 13, 2024 and closes on Tue, Dec 17, 2024.
International Gemmological IPO lot size is 35, and the minimum amount required for application is ₹14,595.
You can apply in International Gemmological IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for International Gemmological IPO will be done on Wednesday, December 18, 2024, and the allotted shares will be credited to your demat account by Thu, Dec 19, 2024. Check the International Gemmological IPO allotment status.
The International Gemmological IPO listing date is on Fri, Dec 20, 2024.
