International Gemmological Institute IPO Details, Financials, Valuation & Peers
Explore International Gemmological Institute (India) IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
International Gemmological Institute (India) Limited (IGI India) is an independent certification and accreditation services provider specializing in grading diamonds (natural and laboratory-grown), studded jewelry, and colored stones. As part of the globally renowned International Gemmological Institute (IGI) group, IGI India holds a dominant position in the Indian gem and jewelry market, offering comprehensive certification services and gemology education programs. With a robust presence, IGI India operates 20 state-of-the-art laboratories and nine gemology schools across India and Türkiye.
Key Points:
- Market Leadership
- Largest certification services provider for diamonds, studded jewelry, and colored stones in India, with a 50% market share (CY2023).
- Global leader in laboratory-grown diamond certification with a 65% market share (CY2023).
- IGI is the second-largest certification provider of diamonds, holding a 33% market share in CY2023.
- Global Network
- Operates 31 laboratories and 18 schools of gemology across 10 countries globally under the IGI group.
- Pioneer in diamond certification, offering the first jewelry identification reports (1980) and laboratory-grown diamond reports (2005).
- Innovative Solutions
- Developed advanced grading tools such as the Dcheck System, enabling differentiation between natural and lab-grown diamonds.
- Offers digital solutions, including API integration and QR-based grading report access, enhancing transparency and customer engagement.
- Comprehensive Offerings
- Diamond grading services covering 4Cs (cut, color, clarity, and carat weight) with advanced assessments.
- Grading of colored stones and studded jewelry for authenticity, craftsmanship, and value.
- Education programs through IGI Schools of Gemology, fostering industry knowledge and professional development.
- Strategic Initiatives
- In-factory laboratory setups for laboratory-grown diamond growers to deliver on-site certification services.
- Mobile laboratories to offer flexible and convenient grading services.
- Operational Excellence
- Supported by a team of 843 employees, including 316 gemologists, ensuring quality and accuracy.
- Strong focus on R&D in gemology, driving innovation in grading techniques and certification processes.
- Customer Base
- Diversified clientele of over 7,500 customers globally, including leading jewelry brands and retailers.
- Serves 9 out of the top 10 jewelry chains in India and several laboratory-grown diamond growers.
Objects of the Issue
- Payment of the purchase consideration for the acquisition of IGI Belgium Group and IGI Netherlands Group from the Promoter
- General corporate purposes.
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 13 Dec - 17 Dec 2024 |
| IPO Price Band | ₹397 - ₹417 per share |
| Fresh Issue | ₹1,475 crore |
| Offer For Sale | ₹2,750 crore) |
| Total IPO Size | ₹4,225 crore |
| Face Value | ₹2 |
| Listing On | BSE, NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 13 Dec 2024 |
| IPO Closing Date | 17 Dec 2024 |
| Basis Of Allotment | 18 Dec 2024 |
| Refunds | 19 Dec 2024 |
| Demat Transfer | 19 Dec 2024 |
| IPO Listing Date | 20 Dec 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st December 2021 | 31st December 2022 | 31st December 2023 | Sep 2024 |
|---|---|---|---|---|
| Total Income | 374.29 | 499.33 | 648.66 | 619.49 |
| Total Expenses | 138.24 | 169.97 | 204.88 | 179.82 |
| Net Profit/Loss | 171.53 | 241.76 | 324.74 | 326.06 |
| NPM (*) | 47.03 | 49.24 | 50.86 | 54.68 |
| Total Assets | 319.69 | 409.03 | 603.21 | 775.60 |
| Total Liabilities | 77.10 | 69.96 | 94.20 | 132.19 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st December 2021 | 31st December 2022 | 31st December 2023 | Sep 2024 |
|---|---|---|---|---|
| EPS | 4.32 | 6.09 | 8.18 | 8.22 |
| ROE (%) | 74.39 | 83.13 | 76.58 | 56.59 |
| ROCE (%) | 86.79 | 87.09 | 80.96 | 62.19 |
| D/E Ratio | NA | NA | NA | NA |
| Current Ratio | 3.63 | 7.14 | 5.64 | 5.16 |
| EBITDA MARGIN (%) | 65.99 | 68.27 | 70.49 | 71.97 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
No listed peers available for comparison.
IPO Reservation
| Investor Type | Shares Offered |
|---|---|
| Qualified Institutional Buyer (QIB) | Not less than 75% |
| Non-Institutional Investor (NII/HNI) | Not less than 15% |
| Retail Individual Investor (RII) | Not less than 10% |
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 48.11 |
| Non-Institutional Investor (NII/HNI) | 26.09 |
| Retail Individual Investor (RII) | 11.77 |
| Total | 35.48 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
KFin Technologies Limited
Phone: +91 40 6716 2222/ 18003094001
Email: einward.ris@kfintech.com
Website: www.kfintech.com
Company Promoters
- BCP ASIA II TOPCO PTE. LTD.
Lead Managers
- Axis Capital Limited
- Kotak Mahindra Capital Company Limited
- Morgan Stanley India Company Private Limited
- SBI Capital Markets Limited
Company Address
International Gemmological Institute (India) Limited
702, 7 th Floor, The Capital, Bandra Kurla Complex, Bandra (E), Mumbai 400 051, Maharashtra, India
Phone: +91 22 4035 2550
Email: investor.relations@igi.org
Website: https://www.igi.org/
FAQs
- What is the issue size of the International Gemmological Institute (India) IPO?The International Gemmological Institute (India) IPO has an issue size of ₹4,225 crore. This includes a fresh issue of ₹1,475 crore and an offer for sale (OFS) of ₹2,750 crore).
- What is the price band of the International Gemmological Institute (India) IPO?The price band for the International Gemmological Institute (India) IPO is ₹397 - ₹417 per share.
- What are the bidding dates for the International Gemmological Institute (India) IPO?The International Gemmological Institute (India) IPO will open for bidding on 13 Dec 2024 and close on 17 Dec 2024.
- What is the allotment date for the International Gemmological Institute (India) IPO?The allotment date for the International Gemmological Institute (India) IPO is 18 Dec 2024.
- What is the minimum lot size and investment required for the International Gemmological Institute (India) IPO?The minimum lot size for the International Gemmological Institute (India) IPO is 35 shares and the minimum investment required is ₹14,595.
- What is the listing date for the International Gemmological Institute (India) IPO?The listing date for the International Gemmological Institute (India) IPO is 20 Dec 2024.
- What is the International Gemmological Institute (India) IPO grey market premium?The grey market premium (GMP) for the International Gemmological Institute (India) IPO is currently at ₹159, with an expected listing gain of approximately 38.13%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.