International Gemmological Institute (India) IPO
International Gemmological Institute (India) IPO — date, price band, lot size & details 2024
International Gemmological Institute (India) listed on 20 Dec 2024 at ₹510, 22.3% above the ₹417 issue price.
International Gemmological Institute (India) is an independent certification and accreditation provider for diamonds, studded jewellery and coloured stones, running the IGI brand in India and Türkiye. Its total income was Rs 648.66 crore in CY2023.
Stock price
International Gemmological Institute (India) is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 11 November.
- Open 13 Dec 2024
- Close 17 Dec 2024
- Allotment 18 Dec 2024
- Refund/credit 19 Dec 2024
- Listing 20 Dec 2024
Issue summary
The terms of the offer, as filed.
| IPO Dates | 13 to 17 Dec, 2024 |
|---|---|
| Price Band | ₹397 – ₹417 |
| Face Value | ₹2 |
| Lot Size | 35 Shares |
| Issue Size | ₹4225 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Employee Discount | Rs 39.00 per share |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 14,595 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 35 shares at the ₹417 cut-off. Drag to size your application.
| 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 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 374.29 crore in CY2021 to Rs 648.66 crore in CY2023.
- 02Profit after tax rose from Rs 171.53 crore in CY2021 to Rs 324.74 crore in CY2023.
- 03The source puts the PAT margin at 54.68% and return on net worth at 76.58%.
- 04Profit after tax was Rs 326.06 crore in the nine months to 30 September 2024, above the full CY2023 figure.
- 05The business needs little capital, with assets of Rs 775.60 crore on 30 September 2024.
Risks · 5
- 01Rs 2,749.87 crore of the Rs 4,225 crore issue was offer for sale by the promoter.
- 02Demand depends on the diamond and jewellery trade, which is cyclical, and total income was Rs 619.49 crore in the nine months to 30 September 2024.
- 03Growth of lab-grown diamonds and pricing pressure could change certification volumes and fees. Net worth was Rs 643.41 crore.
- 04The acquisition of overseas IGI businesses carries integration risk, with most of the Rs 1,475.13 crore of fresh money going to it.
- 05The promoter held 100% before the issue and 76.55% after it.
Three years of numbers
All figures in ₹ crore, as reported in the International Gemmological Institute (India) offer document.
| Metric | 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 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the International Gemmological Institute (India) RHP.
Where the money goes
₹1,409.74 Cr of the issue is earmarked to named objects.
About the company
It is part of the IGI group and runs the IGI brand exclusively in India and Türkiye. Its financial years end on 31 December.
As per the RHP, after its planned acquisition of other IGI group entities, the group would be the world's second-largest independent certification provider by CY2023 revenue, with 31 laboratories and 18 IGI schools and a 33% global share by number of certifications. Its promoter is BCP Asia II TopCo, an affiliate of Blackstone.
The IPO was Rs 4,225 crore, with Rs 1,475.13 crore of fresh issue and Rs 2,749.87 crore of offer for sale by the promoter. Fresh money was mainly planned for acquiring the IGI group's overseas businesses.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
International Gemmological Institute (India) IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
SBI Capital Markets Ltd.
70 issues handledBest listing: Bajaj Housing Finance (+114.3%). Weakest: Kalyan Jewellers India (-15.0%).
Axis Capital
126 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
Kotak Mahindra Capital Company Limited
93 issues handledBest listing: Premier Energies (+120.0%). Weakest: Rategain Travel Technologies (-15.3%).
Morgan Stanley India Co. Pvt. Ltd
16 issues handledListing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of International Gemmological Institute (India)?
The current Grey Market Premium is ₹105, or 25% over the issue price.
What is the International Gemmological Institute (India) IPO price band?
₹397 to ₹417, on a face value of ₹2.
When is the allotment?
The basis of allotment is 18 December 2024, with listing on 20 December 2024.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
