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 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 |
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
| Day | QIB | NII | NII (> ₹10L) | NII (< ₹10L) | Retail | EMP | Total |
|---|---|---|---|---|---|---|---|
| Day 1 Dec 13, 2024 | 0 | 0.15 | 0.09 | 0.27 | 0.75 | 2.54 | 0.18 |
| Day 2 Dec 16, 2024 | 0.09 | 0.88 | 0.62 | 1.4 | 2.58 | 7.13 | 0.77 |
| Day 3 Dec 17, 2024 | 48.11 | 26.09 | 29.78 | 18.7 | 11.77 | 21.79 | 35.48 |
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
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 20-12-2024 | 417.00 | 159(38.13%) | 576 |
| 19-12-2024 | 417.00 | 159(38.13%) | 576 |
| 18-12-2024 | 417.00 | 116(27.82%) | 533 |
| 17-12-2024 | 417.00 | 90(21.58%) | 507 |
| 16-12-2024 | 417.00 | 125(29.98%) | 542 |
| 15-12-2024 | 417.00 | 95(22.78%) | 512 |
| 14-12-2024 | 417.00 | 115(27.58%) | 532 |
| 13-12-2024 | 417.00 | 105(25.18%) | 522 |
| 12-12-2024 | 417.00 | 75(17.99%) | 492 |
| 11-12-2024 | 417.00 | 131(31.41%) | 548 |
| 10-12-2024 | 417.00 | 100(23.98%) | 517 |
| 09-12-2024 | 417.00 | 145(34.77%) | 562 |
| 08-12-2024 | NA | 105(%) | 105 |
| 07-12-2024 | NA | 111(%) | 111 |
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 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
| 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 |
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 Ended | 30 Sep 2024 | 31 Dec 2023 | 31 Dec 2022 |
|---|---|---|---|
| Period Ended | 30 Sep 2024 | 31 Dec 2023 | 31 Dec 2022 |
| Assets | 775.60 | 603.20 | 409.03 |
| Revenue | 619.49 | 648.66 | 499.33 |
| Profit After Tax | 326.06 | 324.74 | 241.76 |
| Net Worth | 643.41 | 509.01 | 339.07 |
| Reserves and Surplus | 111.46 |
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 Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 4,55,71,942 (44.98%) | NA |
| QIB Shares Offered | 3,03,81,295 (29.98%) | NA |
| NII (HNI) Shares Offered | 1,51,90,647 (14.99%) | |
| bNII > ₹10L | 1,01,27,098 (9.99%) | 20,667 |
| sNII < ₹10L | 50,63,549 (5%) | 10,333 |
| Retail Shares Offered | 1,01,27,098 (9.99%) | 2,89,345 |
| Employee Shares Offered | 52,910 (0.05%) | NA |
| Total Shares Offered | 10,13,23,892 (100%) |
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
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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