International Gemological Institute IPO

The International Gemmological Institute (IGI) IPO opened for subscription on December 13, 2024 and closed on December 17, 2024. The shares were listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on December 20, 2024.  

The price band for the IPO was set at ₹397 to ₹417 per share. The minimum bid lot size was 35 shares. The company raised approximately ₹4,225 crore through the IPO.

Key Details:

• Issue Type: Book-built Issue
• Issue Size:  ₹4,225.00 Cr
• Fresh Issue: ₹1,475.00 Cr
• Offer for Sale:₹2,750.00 Cr
• Price Band: ₹397 to ₹417 per share
• Lot Size:35 Shares

• Read DRHP Here

Timeline

IPO Open Date:	December 13, 2024
IPO Close Date:	December 17, 2024
Basis of Allotment:	December 18, 2024
Refunds:	December 19, 2024
Credit to Demat Account:	December 19, 2024
IPO Listing Date:	December 20, 2024

About International Gemological Institute (IGI)

International Gemological Institute (IGI) is a leading global gemmological laboratory that provides independent grading reports for diamonds, colored gemstones, and pearls.¹ The company has a strong reputation for its expertise in gem identification, grading, and valuation.²

Core Business:

• Gemological Services: Providing independent gemmological services, including grading, identification, and valuation of diamonds, colored gemstones, and pearls.³
• Educational Services: Offering training and education programs in gemology and jewelry design.⁴
• Consumer Education: Creating awareness about gemstones and jewelry through various channels.

Market Position:

• IGI is one of the most recognized and trusted names in the gemmological industry.⁵
• The company has a global network of laboratories and offices.⁶
• IGI’s grading reports are widely accepted by the jewelry industry.⁷

Future Outlook:

• The global jewelry market is growing, driven by increasing consumer demand for luxury goods.⁸
• IGI is well-positioned to capitalize on this growth and expand its market share.⁹
• The company may explore new services and technologies to enhance its offerings.

Objective

The primary objectives of the International Gemological Institute (IGI) IPO are:

1. Funding Growth Initiatives: The proceeds from the IPO will be used to fund the company’s growth initiatives, including expanding its laboratory network, investing in technology, and acquiring new businesses.
2. Reducing Debt: The funds raised will also be used to reduce the company’s debt burden and improve its financial position.
3. General Corporate Purposes: The funds will be used for general corporate purposes, such as working capital requirements and other operational expenses.

By achieving these objectives, IGI aims to strengthen its market position, enhance its service offerings, and drive long-term growth.

International Gemological Institute : Weighing the Pros and Cons

POSITIVE

• Strong Brand Reputation: IGI is a well-established and globally recognized brand in the gemmological industry.
• Diversified Revenue Streams: The company generates revenue from various services, including grading, identification, valuation, and education.
• Growth Potential: The global jewelry market is growing, and IGI is well-positioned to benefit from this growth.

NEGATIVE

• Economic Sensitivity: The jewelry industry can be sensitive to economic downturns, which may impact consumer demand for luxury goods.
• Regulatory Risks: Changes in government regulations or import/export duties can affect the company’s operations.
• Competition: The gemmological industry is competitive, with other players offering similar services.

So, How Does International Gemological Institute IPO Fare in Terms of Financials ?

Financial Review of International Gemological Institute IPO

Period Ended	30 Sep 2024	31 Dec 2023	31 Dec 2022	31 Dec 2021
Assets	775.60	603.20	409.03	319.69
Revenue	619.49	648.66	499.33	374.29
Profit After Tax	326.06	324.74	241.76	171.53
Net Worth	643.41	509.01	339.07	242.59
Reserves and Surplus			111.46	119.40
Amount in ₹ Crore

(₹ Crore)

Key Observations:

• Revenue Growth: The company has consistently increased its revenue over the past few years, indicating strong growth and market penetration.
• Profitability: Profit after tax (PAT) has also grown steadily, suggesting improved operational efficiency and cost management.
• Asset Growth: The company has invested in assets, as evidenced by the increase in total assets over the past few years.
• Net Worth and Reserves: A healthy increase in net worth and reserves suggests a strong financial position.
• Total Borrowing: The company has a relatively low debt level, indicating a strong financial position.

International Gemological Institute IPO Valuation :

KPI	Values
ROE:	-%
ROCE:	-%
EBITDA Margin:	36.84%
PAT Margin:	7.30%
Debt to equity ratio:	–
Earning Per Share (EPS):	₹8.18 (Basic)
Price/Earning P/E Ratio:	N/A
Return on Net Worth (RoNW):	76.58%
Net Asset Value (NAV):	₹12.83

SWOT Analysis of International Gemological Institute (IGI)

Strengths

• Strong Brand Reputation: IGI is a globally recognized brand in the gemmological industry.
• Expertise and Technology: The company has a strong team of experts and advanced technology to provide accurate and reliable services.
• Global Network: IGI has a wide network of laboratories and offices, enabling it to serve a global clientele.
• Diversified Revenue Streams: The company generates revenue from various services, including grading, identification, valuation, and education.

Weaknesses

• Economic Sensitivity: The jewelry industry can be sensitive to economic downturns, which may impact demand for gemmological services.
• Regulatory Risks: Changes in government regulations or import/export duties can affect the company’s operations.
• Competition: The gemmological industry is competitive, with other players offering similar services.

Opportunities

• Expanding Global Presence: IGI can expand its operations to new markets and regions.
• Technological Advancements: Leveraging technology to improve efficiency and accuracy in gemmological services.
• Diversification of Services: Offering additional services, such as jewelry design and consulting, to generate new revenue streams.

Threats

• Economic Downturns: A slowdown in the global economy can impact consumer demand for luxury goods.
• Currency Fluctuations: Fluctuations in foreign exchange rates can affect the company’s profitability.
• Counterfeit and Synthetic Gemstones: The increasing prevalence of counterfeit and synthetic gemstones can pose a challenge to the industry.

Competitive Analysis: International Gemological Institute IPO

IGI operates in a competitive market with several key players:

• Gemological Institute of America (GIA): A leading global gemological laboratory known for its stringent grading standards.
• Gemological Institute of India (GII): A prominent Indian gemological laboratory.
• HRD Antwerp: A Belgian gemological laboratory offering a range of services, including diamond grading and research.

IInternational Gemological Institute IPO GMP

• Grey market premium as on 13-12-2024 = ₹86 /Share

Disclaimer:

• IPO Grey Market Premium (International Gemological Institute IPO GMP) mention is valid for the specific date as mentioned in the header.
• We are not buying and selling IPO forms on IPO Grey Market.
• Don’t decide to subscribe to an IPO just based on the initial price, as it can change before the listing.Subscribe only considering Fundamentals of the companies.

International Gemological Institute IPO

🔴 Live Subscription Status 🔴

13/12/2024 5:00 PM

	NO OF SHARES OFFERED	Day 1	Day 2	Day 3
Qualified Institutional Buyers(QIBs)	3,03,81,295	0.00
Non Institutional Investors(NIIs)	1,51,90,647	0.14
Retail Individual Investors(RIIs)	1,01,27,098	0.70
Employees	52,910	2.34
Total	5,57,51,950	0.17

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