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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 ₹417.00 per share . The lot size for an application is 35. The minimum amount of investment required by an retail is ₹13,895 (35 shares). 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 Date | December 13, 2024 to December 17, 2024 |
| Listing Date | December 20, 2024 |
| Face Value | ₹2 per share |
| Issue Price Band | ₹397 to ₹417 per share |
| Issue Price Final | ₹417 per share |
| Lot Size | 35 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 10,13,23,893 shares (aggregating up to ₹4,225.00 Cr) |
| Fresh Issue | 3,53,76,651 shares (aggregating up to ₹1,475.13 Cr) |
| Offer for Sale | 6,59,47,242 shares of ₹2 (aggregating up to ₹2,749.87 Cr) |
| Employee Discount | ₹39.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 39,67,83,045 shares |
| Share Holding Post Issue | 43,21,59,696 shares |
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, 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 | Maximum 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%) |
| 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 |
International Gemmological IPO raises ₹1,900.35 crore from anchor investors. International Gemmological IPO Anchor bid date is December 12, 2024. International Gemmological IPO Anchor Investors list
| Bid Date | December 12, 2024 |
| Shares Offered | 4,55,71,942 |
| Anchor Portion Size (In Cr.) | 1,900.35 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 16, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 17, 2025 |
International Gemmological IPO opens on December 13, 2024, and closes on December 17, 2024.
| IPO Open Date | Fri, Dec 13, 2024 |
| IPO Close Date | Tue, Dec 17, 2024 |
| Tentative Allotment | Wed, Dec 18, 2024 |
| Initiation of Refunds | Thu, Dec 19, 2024 |
| Credit of Shares to Demat | Thu, Dec 19, 2024 |
| Tentative Listing Date | Fri, Dec 20, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Dec 17, 2024 |
Investors can bid for a minimum of 35 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 market capitalization of International Gemmological IPO is ₹18020.85 Cr.
KPI as of Sun, Dec 31, 2023.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 50.98 | 82.9 |
The Company proposes to utilize the Net Proceeds towards funding the following objects:
[Dilip Davda] The company is a niche player globally for certifying gem and Jewellery segment and also providing training for the industry players. It posted steady growth in its top and bottom lines for the reported periods. It is a dividend paying company. Based on CY24 annualized earnings, the issue appears fully priced, but holds bright prospects as India enjoys 95% share in global diamond polishing and related matters. Investors may park funds for medium to long term. Read detail review...
| Listing Date | December 20, 2024 |
| BSE Script Code | 544311 |
| NSE Symbol | IGIL |
| ISIN | INE0Q9301021 |
| Final Issue Price | ₹417 per share |
| NSE Listing Group | EQ (Rolling) |
| BSE Listing Group | B |
International Gemmological Institute (India) Ltd.
702, 7 th Floor
The Capital, Bandra Kurla
Complex, Bandra (E), Mumbai-400051
Bandra, Maharashtra
Phone: +91 224035 2550
Email: investor.relations@igi.org
Website: https://www.igi.org/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: igil.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
International Gemmological IPO is a main-board IPO of 10,13,23,893 equity shares of the face value of ₹2 aggregating up to ₹4,225.00 Crores. The issue is priced at ₹417 per share. The minimum order quantity is 35.
The IPO opens on December 13, 2024, and closes on December 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 December 13, 2024 and closes on December 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 Thursday, December 19, 2024. Check the International Gemmological IPO allotment status.
The International Gemmological IPO listing date is on Friday, December 20, 2024.
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