International Gemmological Institute IPO
About IGI India: International Gemmological Institute (IGI) is a globally renowned diamond certifier and a leader in the gemological industry. It stands as:
The second-largest independent certifier of diamonds worldwide, holding a 33% global market share.
The market leader in India with a 50% share in diamond certification.
A global leader in laboratory-grown diamond certifications, commanding a 65% market share.
An expert in studded jewellery certification.
Established in 1975, IGI operates across 10 countries with:
31 branches globally.
18 gemology schools offering industry-leading training.
Objects of the Issue
The IPO proceeds will be used for the following purposes:
Acquisition of IGI Belgium and IGI Netherlands Groups.
General Corporate Purposes.
Strengths
Global Leadership: Second-largest certifier of loose stones and jewellery globally. Market leader in laboratory-grown diamond certifications.
Diverse Service Portfolio: Offers a wide range of certification and evaluation services for jewellery, diamonds, and coloured stones.
Educational Initiatives: Operates gemology schools to foster brand awareness and strengthen customer partnerships.
Proven Financial Performance: Consistent growth in revenue, margins, and returns.
Strong Management Backing: Managed by an experienced team with the support of Blackstone, a leading global asset manager.
Risks
High Market Dependence: Significant reliance on the Indian market.
Regulatory and Legal Challenges: Subject to potential regulatory changes and ongoing legal proceedings involving the company and its affiliates.
Intense Competition: Faces stiff competition from global and regional players in the diamond certification and gemological industry.
International Gemmological IPO
IPO Dates: 13–17 December 2024
Price Band: ₹397 to ₹417 per share
Lot Size: 35 shares
Issue Size: ₹4,225.00 Cr
Retail Quota: 10%
GMP: 20% (only for information)
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