The International Gemological Institute is the world’s second-largest company to provide services related to the certification and accreditation of various types of diamonds. Moreover, the company provides many services to customers like in-depth diamond grading based on cut, color, clarity, and carat weight. As well as the company also puts in extra effort such as fluorescence, which means how diamonds will react under UV light and the symmetry of the diamonds as well. In India, IGI is the largest independent provider of certification and accreditation services, they hold around 50% of the market share for certifying diamonds, jewelry with diamonds, and colored stones in 2023.
International Gemological Institute IPO open date is December 13, 2024 and the IPO will close on December 17, 2024. The retail quota is 10%, QIB is 75%, and HNI is 15%. International Gemological Institute IPO to list on BSE, NSE on December 20, 2024.
The allotment of International Gemological Institute IPO date is December 18, 2024. The company reported revenue of ₹648.66 crores in December 2023 against ₹499.33 crore in December 2022. The company reported Profit of ₹324.74 crores in December 2023 against Profit of ₹241.76 crores in December 2022.
International Gemmological Institute IPO Details
| IPO Issue Opening Date: | 13th Dec 2024 |
| IPO Issue Closing Date: | 17th Dec 2024 |
| IPO Issue Price: | ₹397.00-417.00 Per Share |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not more than 10% of the Net Offer |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹4225.00 Cr |
| Offer for Sale: | ₹2750.00 Cr |
| Fresh Issue: | ₹1475.00 Cr |
| Face Value: | ₹2 Per Equity Share |
| Promoter Holding Pre IPO: | 100% |
| Promoter Holding Post IPO: | 76.55% |
International Gemological Institute IPO Timeline
The International Gemological Institute IPO date is December 13 and the close date is December 17. The International Gemological Institute IPO allotment will be finalized on December 18 and the IPO listing on December 20.
| 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 |
International Gemmological Institute IPO Lots
| IPO Activity | Date |
|---|---|
| Issue Price | ₹397.00-417.00 |
| Market Lot: | 35 Shares |
| 1 Lot Amount: | ₹14595 |
| Min Small HNI Lots(2-10 Lakh): | 490 shares (14 lots) – ₹204330 |
| Min Big HNI Lots(10+ Lakh): | 2415 shares (69 lots) – ₹1007055 |
International Gemmological Institute (India) Limited: A Financial Overview
| 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 |
