International Gemmological Institute IPO

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

  • Diamond grading includes reports on the 4Cs (cut, colour, clarity, carat weight) for natural and lab-grown diamonds and details on fluorescence and symmetry.
  • Evaluating the quality and authenticity of coloured stones like rubies, sapphires, and emeralds and issuing detailed grading reports.
  • Evaluating finished jewellery involves assessing diamond and coloured stone quality, craftsmanship, and overall value.
  • Offering educational programs and courses in gemology, diamond grading, jewellery design, and related subjects.

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

  • The company is the second-largest independent certification provider globally for diamonds and jewellery, operating in a high-barrier industry.
  • Provider of certification services for the rapidly growing laboratory-grown diamond industry.
  • An extensive range of certification and accreditation services is offered to a diverse group of customers throughout the value chain.
  • Education initiatives that support spreading awareness, building customer partnerships and the company’s brand
 

International Gemmological Institute (India) Limited Financial Information (Restated)

Period Ended30 Sep 202431 Dec 202331 Dec 202231 Dec 2021
Assets775.60603.20409.03319.69
Revenue619.49648.66499.33374.29
Profit After Tax326.06324.74241.76171.53
Net Worth643.41509.01339.07242.59
Reserves and Surplus  111.46119.40
Amount in ₹ Crore

Key Performance Indicator

KPI as of December 31, 2023.

KPIValues
ROE76.58%
ROCE80.96%
RoNW76.58%

Objects of the Issue (International Gemmological Institute IPO Objectives)

The Company proposes to utilize the Net Proceeds towards funding the following objects:

Payment of the purchase consideration for the acquisition of IGI Belgium Group and IGI Netherlands Group from the Promoter; and

General corporate purposes.

International Gemmological Institute IPO Details

IPO DateDecember 13, 2024 to December 17, 2024
Listing Date[.]
Face Value₹2 per share
Price Band₹397 to ₹417 per share
Lot Size35 Shares
Total Issue Size101,318,944 shares
(aggregating up to ₹4,225.00 Cr)
Fresh Issue35,371,702 shares
(aggregating up to ₹1,475.00 Cr)
Offer for Sale65,947,242 shares of ₹2
(aggregating up to ₹2,750.00 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Share holding pre issue396,783,045
Share holding post issue432,154,747

International Gemmological Institute IPO Promoter Holding

The promoter of the Company is BCP Asia II TopCo Pte. Ltd.

Share Holding Pre Issue100%
Share Holding Post Issue76.55%

SHARIAH SCREENING for - International Gemmological Institute (India) Limited IPO

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BUSINESS SCREEN

FINANCIAL RATIOS

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