International Gemological Institute Limited Company Profile:
International Gemological Institute (IGI) main business focuses on offering certification and accreditation services for natural diamonds, laboratory-grown diamonds, studded jewelry, and colored stones, in addition to providing educational programs. The Pre-Acquisition Group is part of the International Gemological Institute (“IGI”) group and operates under the “IGI” brand exclusively in India and Turkey. IGI is a renowned and trusted certifier in the industry.
| IPO-Note | International Gemological Institute Limited |
| Rs.397 – Rs .417 per Equity share | Recommendation: Apply |
International Gemological Institute Limited IPO Details :
| Issue Details | |
| Objects of the issue |
· Payment of the purchase price for acquiring the IGI Belgium Group and IGI Netherlands Group. |
| Issue Size | Total issue Size – Rs.4225 Cr
Fresh Issue – Rs 1475 Cr Offer for sale- Rs 2750 Cr |
| Face value |
Rs.2 |
| Issue Price | Rs 397 – Rs 417 |
| Bid Lot | 35 Shares |
| Listing at |
BSE, NSE |
| Issue Opens | December 13, 2024 – December 17, 2024 |
| QIB | Not less than 75% of Net Issue Offer |
| HNI | Not more than 15% of Net Issue Offer |
| Retail | Not more than 10% of Net Issue Offer |
International Gemological Institute Limited IPO
Wants To Apply Online 
International Gemological Institute Limited IPO Strengths:
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IGI is globally recognized for its expertise in certifying and grading diamonds, gemstones, and other precious materials. The company’s key services include diamond grading, evaluating finished jewelry, assessing the quality of stones, and offering educational programs to train professionals.
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The IGI group is world’s second largest independent certification and accreditation service provider with market share of 33% and IGI India has 50% market share in India.
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The company reported revenue of Rs 638.5 crores in CY23 which is 30% more than CY22. Profit after Tax (PAT) for CY23 stood at Rs 324.7 crores which was 34.4% more than CY22.For nine month ended Sept, 2024 company has PAT of Rs 326.06 crores which is more than its CY23 PAT.
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IGI (post acquisition group) will be operating 31 branches with laboratories in 10 countries, including key markets like Surat, Mumbai, Antwerp, New York, Bangkok, Dubai, Hong Kong, and Shanghai. This global presence will enables IGI to provide timely and accessible services to customers worldwide.
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The company management is confident it will be able to sustain its margins, as on further expansion they will achieve economies of scale and they have a lot of automations in their systems.
International Gemological Institute Limited IPO Risk Factors:
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The company faces competition globally from Gemological Institute of America (GIA) and Hoge Raad Voor Diamant (HRD) Antwerp, Gemological Science International (GSI) and Solitaire Gemological Laboratories (SGL) as well as a few local and regional players.
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The pre-acquisition group generates the majority of its business from India, with 99.63% of its revenue coming from the country in FY23.
International Gemological Institute Limited IPO Financial Performance :
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Check International Gemological Institute Limited IPO Allotment Status
International Gemological Institute Limited IPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced.
One can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-
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To International Gemological Institute Limited IPO Allotment Status
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Go to Application Status
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Select International Gemological Institute Limited IPO
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Enter your PAN Number or Application Id or DP Client Id.
International Gemological Institute Limited IPO
Application Form
International Gemological Institute Limited IPO Shareholding Pattern:
| Particulars | Pre Issue | Post –Issue |
| Promoters Group | 100% | 76.55% |
| Others | – | 23.45% |
International Gemological Institute Limited IPO Outlook:
Following the acquisition, the International Gemological Institute will have a robust presence in international markets. The company has demonstrated strong financial performance, with impressive revenue growth and profitability. IGI group has 33% global market share, reflecting its strong brand recognition and competitive advantages. At the upper price band of Rs 417, the company’s shares are being offered at a P/E ratio of Rs 41.4/- based on eCY24 earnings. We recommend that investors consider applying for the issue, targeting both long-term capital appreciation and listing gains.