International Gemmological IPO Logo

International Gemmological IPO

Live Updates, GMP, Subscription Data, and Financial Details

IPO Overview

Listed
Dates Dec 13 to Dec 17 2024
Price Band ₹397 - 417
Current GMP ₹510 (22.3%)
Subscription 35.48 times

IPO Details

IPO Date
December 13, 2024 to December 17, 2024
Listing Date
Friday, December 20, 2024
Face Value
₹2 per share
Price Band
₹397 to ₹417 per share
Lot Size
35 Shares
Total Issue Size
10,13,18,944 shares (aggregating up to ₹4,225.00 Cr)
Fresh Issue
3,53,71,702 shares (aggregating up to ₹ 1,475.00 Cr)
Offer for Sale
6,59,47,242 shares of ₹2 (aggregating up to ₹2,750.00 Cr)
Issue Type
Book Built Issue IPO
Listing At
BSE, NSE
Share Holding Pre Issue
39,67,83,045 shares
Share Holding Post Issue
43,21,59,696 shares

IPO Subscription Details

Anchor Investors
1
Qualified Institutions
48.11
Non-Institutional Buyers
26.09
bNII (bids above ₹10L)
29.78
sNII (bids below ₹10L)
18.7
Retail Investors
11.77
Employees
21.79
Total **
35.48

Day Wise Sub

DayDay 1 Dec 13, 2024
QIB0
NII0.15
NII (> ₹10L)0.09
NII (< ₹10L)0.27
Retail0.75
EMP2.54
Total0.18
DayDay 2 Dec 16, 2024
QIB0.09
NII0.88
NII (> ₹10L)0.62
NII (< ₹10L)1.4
Retail2.58
EMP7.13
Total0.77
DayDay 3 Dec 17, 2024
QIB48.11
NII26.09
NII (> ₹10L)29.78
NII (< ₹10L)18.7
Retail11.77
EMP21.79
Total35.48

Day Wise GMP

Date20-12-2024
Price417.00
GMP159(38.13%)
Estimate List Price576
Date19-12-2024
Price417.00
GMP159(38.13%)
Estimate List Price576
Date18-12-2024
Price417.00
GMP116(27.82%)
Estimate List Price533
Date17-12-2024
Price417.00
GMP90(21.58%)
Estimate List Price507
Date16-12-2024
Price417.00
GMP125(29.98%)
Estimate List Price542
Date15-12-2024
Price417.00
GMP95(22.78%)
Estimate List Price512
Date14-12-2024
Price417.00
GMP115(27.58%)
Estimate List Price532
Date13-12-2024
Price417.00
GMP105(25.18%)
Estimate List Price522
Date12-12-2024
Price417.00
GMP75(17.99%)
Estimate List Price492
Date11-12-2024
Price417.00
GMP131(31.41%)
Estimate List Price548
Date10-12-2024
Price417.00
GMP100(23.98%)
Estimate List Price517
Date09-12-2024
Price417.00
GMP145(34.77%)
Estimate List Price562
Date08-12-2024
PriceNA
GMP105(%)
Estimate List Price105
Date07-12-2024
PriceNA
GMP111(%)
Estimate List Price111

IPO Important Dates

IPO Open Date
Friday, December 13, 2024
IPO Close Date
Tuesday, December 17, 2024
Basis of Allotment
Wednesday, December 18, 2024
Initiation of Refunds
Thursday, December 19, 2024
Credit of Shares to Demat
Thursday, December 19, 2024
Listing Date
Friday, December 20, 2024
Cut-off time for UPI mandate confirmation
5 PM on December 17, 2024

IPO Lot Size

ApplicationRetail (Min)
Lots1
Shares35
Amount₹14,595
ApplicationRetail (Max)
Lots13
Shares455
Amount₹1,89,735
ApplicationS-HNI (Min)
Lots14
Shares490
Amount₹2,04,330
ApplicationS-HNI (Max)
Lots68
Shares2,380
Amount₹9,92,460
ApplicationB-HNI (Min)
Lots69
Shares2,415
Amount₹10,07,055

Financial Information

Period EndedPeriod Ended
30 Sep 202430 Sep 2024
31 Dec 202331 Dec 2023
31 Dec 202231 Dec 2022
Period EndedAssets
30 Sep 2024775.60
31 Dec 2023603.20
31 Dec 2022409.03
Period EndedRevenue
30 Sep 2024619.49
31 Dec 2023648.66
31 Dec 2022499.33
Period EndedProfit After Tax
30 Sep 2024326.06
31 Dec 2023324.74
31 Dec 2022241.76
Period EndedNet Worth
30 Sep 2024643.41
31 Dec 2023509.01
31 Dec 2022339.07
Period EndedReserves and Surplus
30 Sep 2024
31 Dec 2023
31 Dec 2022111.46

IPO Reservation

Investor CategoryAnchor Investor Shares Offered
Shares Offered4,55,71,942 (44.98%)
Maximum AllotteesNA
Investor CategoryQIB Shares Offered
Shares Offered3,03,81,295 (29.98%)
Maximum AllotteesNA
Investor CategoryNII (HNI) Shares Offered
Shares Offered1,51,90,647 (14.99%)
Maximum Allottees
Investor CategorybNII > ₹10L
Shares Offered1,01,27,098 (9.99%)
Maximum Allottees20,667
Investor CategorysNII < ₹10L
Shares Offered50,63,549 (5%)
Maximum Allottees10,333
Investor CategoryRetail Shares Offered
Shares Offered1,01,27,098 (9.99%)
Maximum Allottees2,89,345
Investor CategoryEmployee Shares Offered
Shares Offered52,910 (0.05%)
Maximum AllotteesNA
Investor CategoryTotal Shares Offered
Shares Offered10,13,23,892 (100%)
Maximum Allottees

Information about company

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

Objectives of IPO

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.

Disclaimer

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