International Gemmological Institute India Ltd IPO Opens On December 13. Check IPO Details Issue Date Price

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International Gemmological Institute India Ltd IPO Opens On December 13. Check IPO Details Issue Date Price

December 13, 2024
International Gemmological Institute India Ltd IPO Opens On December 13. Check IPO Details Issue Date Price

International Gemmological Institute Limited is coming out with a fresh public issue to raise Rs. 4,225 crores from the market.

Below are the details of the International Gemmological Institute India Limited IPO:

  • Issue opens – December 13th (Friday)
  • Issue closes – December 17th (Tuesday)
  • Issue size – Rs. 4,225 crores
  • Price band – Rs. 397 to 417 per equity share
  • Bid lot – 35 shares and in multiples thereof.

And here are some details of the company and further details on the IPO.

Company Details:

  • International Gemmological Institute (India) Limited primary business is the provision of services related to the certification and accreditation of natural diamonds, laboratory-grown diamonds, studded jewelry and colored stones as well as the offering of educational programs. The Pre-Acquisition Group is part of the International Gemmological Institute (“IGI”) group, and is responsible for the operation of the business under the “IGI” brand exclusively in India and Türkiye. IGI is one of the established reputed certifiers in the global market, according to the Redseer Report.
  • According to the Redseer Report, in India, which is the world’s largest center for cutting and polishing diamonds accounting for approximately 95% of the world’s total polished diamonds in volume terms in CY2023, IGI India is the largest independent certification and accreditation services provider in India, holding approximately 50% market share in terms of number of certifications of diamonds, studded jewelry and colored stones for CY2023. According to the Redseer Report (see page 144 of “Industry Overview”), as of September 30, 2024, IGI India has the largest pan-India laboratory network among its global peers for grading lab-grown diamonds. As of September 30, 2024, the Pre-Acquisition Group has 19 IGI laboratories in India and 1 IGI laboratory in Türkiye which perform certification services.
  • IGI India was the first to provide certification and accreditation services among their global peers in 1999 and was the first international laboratory for diamonds, studded jewelry and colored stones certification to be established. They have built customer relationships over the years, by focusing on service quality and full-service offering across all types of diamonds, studded jewelry and colored stones certification and accreditation. Throughout this journey, they have aimed to provide their services with quality, accuracy, and integrity. The Pre-Acquisition Group has a diversified customer base spanning across the value chain of the diamonds, studded jewelry and colored stones industry.

Issue Size : Rs. 4,225 Cr.

Employee Reservation : Equity Shares aggregating upto Rs. 2 Cr.

Employee Discount: Rs. 39 / - per share

Issue break-up :

QIB – 75 % of the offer – Rs. 3167.00 Cr.
NIB – 15 % of the offer – Rs. 633.00 Cr.
RET – 10 % of the offer – Rs. 422.00 Cr.

Listing: BSE & NSE

Registrar: KFin Technologies Limited

UPI : All Retail & NII Bidders (bids up to Rs. 5,00,000) Applications through brokers are compulsorily in UPI Mode

Note

Application made using third party UPI or ASBA Bank A/c are liable to be rejected.

The UPI Mandate acceptance time for Retail and NII Bidders (bids up to Rs. 5,00,000) shall expire at 5:00 PM on the closing day of the IPO i.e., Tuesday, December 17, 2024.

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