Listed
International Gemmological Institute IPO
International Gemmological IPO is a book built issue of Rs 4,225.00 crores. The issue is a combination of fresh issue of 3.54 crore shares aggregating to Rs 1,475.00 crores and offer for sale of 6.59 crore shares aggregating to Rs 2,750.00 crores.
Min Investment
₹14,595
Lot Size
35 Shares
Price Range
₹397.0 - 417.0
Issue Size (₹ Cr.)
₹4,225.00 Cr
IPO Type
Mainboard
Key Metrics
Face Value
₹ 2 per share
GMP
Subscription
21.79x
EPS
₹ 10.16
P/E Ratio
82.0 x
RoNW
76.58%
ROE
76.58%
Debt to Equity (₹ Cr.)
0.00
Timeline
IPO Opened13/12/2024Friday
IPO Closed17/12/2024Tuesday
Allotted18/12/2024Wednesday
Refunded19/12/2024Thursday
Listed20/12/2024Friday
Strengths
- Debt-Free & Strong Financials – IGI has a 0.00 Debt-to-Equity ratio, indicating a highly stable financial position with no reliance on borrowings.
- Market Leadership – IGI is a leading global gem certification company, trusted for its expertise in grading diamonds and gemstones, with operations in over 10 countries.
- Strong Subscription & Listing Premium – The IPO was oversubscribed 35.48 times, and the stock debuted at a 22% premium, reflecting strong investor confidence.
- High Profitability & Growth – With an EPS of ₹10.16 and strong revenue growth, IGI consistently delivers high margins and stable earnings.
- Global Brand Recognition – IGI's certification is widely recognized, ensuring high credibility in the diamond and jewelry industry, securing repeat business from major clients.
Weaknesses
- High Dependence on the Jewelry Industry – IGI’s revenue is closely tied to the diamond and gemstone market, which is vulnerable to economic downturns and fluctuations in luxury spending.
- Intense Competition – Competes with GIA (Gemological Institute of America) and HRD Antwerp, which have strong global reputations and market dominance in diamond certification.
- Limited Diversification – IGI primarily focuses on gem grading and certification, lacking significant expansion into other high-growth sectors within the jewelry industry.
- Regulatory & Compliance Risks – The company operates in multiple countries, requiring strict compliance with international gem certification standards, which can pose challenges in different regulatory environments.
- IPO Lock-in Period for Promoters – Post-IPO, any restrictions on promoter shareholding or lock-in periods could affect liquidity and market perception.
Financials
| Period Ended | 30 Sep 2024 | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 |
|---|---|---|---|---|
| Assets (₹Cr) | 775.60 | 603.20 | 409.03 | 319.69 |
| Revenue (₹Cr) | 619.49 | 648.66 | 499.33 | 374.29 |
| Profit After Tax(₹Cr) | 326.06 | 324.74 | 499.33 | 374.29 |
| Net Worth (₹Cr) | 643.41 | 509.01 | 339.07 | 242.59 |
| Reserves and Surplus (₹Cr) | 111.46 | 119.40 |
Subscription Details
IPO Bidding Live Updates from BSE, NSE
| Day | # of Share Offered | Number of Lots Offered | 13th Dec 2024 19:04 | 16th Dec 2024 19:04 | 17th Dec 2024 18:22 |
|---|---|---|---|---|---|
| QIB | 3,03,81,295 | 868037 | 0.00x | 0.09x | 48.11x |
| NII | 1,51,90,647 | 434018 | 0.15x | 0.88x | 26.09x |
| S-NII | 50,63,549 | 144673 | 0.27x | 1.40x | 18.70x |
| B-NII | 1,01,27,098 | 289346 | 0.09x | 0.62x | 29.78x |
| RII | 1,01,27,098 | 289346 | 0.75x | 2.58x | 11.77x |
| EMP | 52,910 | 1512 | 2.54x | 7.13x | 21.79x |
IPO Bidding Live Number of Shares by Category
| Category | Number of Shares offered | Number of Shares Bid | Bid Amount(Rs Cr) |
|---|---|---|---|
| QIB | 3,03,81,295 | 1,46,17,02,830 | 60,953.01 |
| NII | 1,51,90,647 | 39,62,78,610 | 16,524.82 |
| Small NII | 50,63,549 | 9,46,66,740 | 3,947.60 |
| Big NII | 1,01,27,098 | 30,16,11,870 | 12,577.21 |
| RII | 1,01,27,098 | 11,91,98,800 | 4,970.59 |
| EMP | 52,910 | 11,52,900 | 48.08 |
| Total | 5,57,51,950 | 1,97,83,33,140 | 82,496.49 |
Company Details
- 702, 7 th Floor The Capital, Bandra Kurla Complex, Bandra (E), Mumbai-400051
+91 224035 2550
- investor.relations@igi.org
- https://www.igi.org/
Registrar Details
- Selenium, Tower B, Plot No. 31 & 32, Financial District, Nanakramguda, Serilingampally, Hyderabad, Telangana, India - 500032
04067162222, 04079611000
- igil.ipo@kfintech.com
- https://kosmic.kfintech.com/ipostatus/
