International Gemmological Institute-IGI is into Consumer Jewellery Certification sector and is looking raise funds through Fresh Issue and Offer For Sale
IPO Summary
International Gemmological Institute-IGI IPO is a public offering of shares by BCP Asia II TopCo Pte. Ltd. . The IPO will open on December 13 and will close on December 17. The price band is ₹397 to ₹417 per share and the lot size is 35 shares. The issue size is ₹4,225. crore. The shares are expected to be listed on NSE, BSE on December 20 (^). Some additional information that you may find useful are: : (**) - based on higher price band (^) indicative datePromoters of the company are BCP Asia II TopCo Pte. Ltd. Currently promoters hold 100% stake in the company. While post-equity promoters stake will be 76.55%
- Company aims to raise between Rs 4,225 to 4,225 crs through this IPO.
- The net proceeds of the issue will be utilized to 1) Rs1300 crores to be spent towards payment for the acquisition of IGI Belgium Group and IGI Netherlands Group from the Promoters and 2) General corporate Purpose
- Anchor bidding is expected to commence one day prior to the IPO dates. Tentative anchor bidding date would be 12-Dec-24.
- Price band for the IPO has been fixed at Rs 397 to 417 per share and bid lot are in multiple of 35 shares. The implied market cap post-issue at Rs 17,227 to 18,021 crs.
- As per the tentative schedule, allotment date of this IPO is most likely on December 18 and share are expected to be listed on NSE, BSE on December 20.
- There are no listed companies in India or internationally among IGI’s global peers.
- Axis Capital, Kotak Mahindra Capital, Morgan Stanley India, SBI Capital Markets has been appointed as Merchant Banker to the issue. KFin Technologies Ltd. has been appointed as official registrar of the issue.
- Company has not undertaken Pre-IPO placement.
Key Pointers of International Gemmological Institute-IGI IPO:
| International Gemmological Institute (India) Limited IPO Snapshot | UdhyamPitch on X | |||
|---|---|---|---|
| Established | City | Sector | Sub-Sector |
| 1999 | Mumbai | Consumer | Jewellery Certification |
| Issue | Issue Type | Tentative Listing Date | Listing at |
| IPO (Fresh+OFS) | Book Building | 20-Dec-24 | NSE, BSE |
| IPO Dates | Price Band (Rs/sh) | Face Value (Rs/sh) | Min Lot Qty |
| 13-Dec-24 to 17-Dec-24 | ₹ 397 to 417 per sh | ₹ 2 per sh | 35 sh and in multiples |
| Retail App (min) | Retail App (max) | Non-Retail (Rs2-10L App) | Non-Retail (>Rs10L min App) |
| 35 shares ₹ 14,595 | 455 shares up to ₹ 189,735 | 490 to 2,380 shares ₹ 204,330 to 992,460 | 2,415 shares and above ₹ 1,007,055 and above |
There are highly chances of variation in data. Users are requested to visit BSE, NSE, SEBI to gather information or read DRHP / RHP for more information.
About International Gemmological Institute (India) Limited
Established in 1999, International Gemmological Institute (or IGI) is an independent certification and accreditation services provider for diamonds, studded jewelry and colored stones certifications. Company is part of the International Gemmological Institute (“IGI”) group, and is responsible for the operation of the business under the “IGI” brand exclusively in India and Türkiye.
About Industry
According to the Redseer Report (see pages 113 and 133 of “Industry Overview”), the global jewelry market, which includes studded jewelry, is expected to grow at a CAGR of 3% to 6% from CY2023 to CY2028, and global diamond consumption is expected to grow at a CAGR of 6% over the same period. As the studded jewelry market grows, demand for certification is likely to rise, and certifications of diamonds, studded jewelry and colored stones is expected to grow at a CAGR of 5% to 10% from CY2023 to CY2028, with laboratory-grown diamonds certification leading the certification growth by volume, as per the Redseer Report
| International Gemmological Institute (India) Limited IPO Dates | UdhyamPitch on X | |
|---|---|
| Anchor Open | 12-Dec-24 |
| IPO Open | 13-Dec-24 |
| IPO Close | 17-Dec-24 |
| Allotment | 18-Dec-24 |
| Credit of Shares | 19-Dec-24 |
| Refund | 19-Dec-24 |
| Listing | 20-Dec-24 |
| Anchor Investor Lockin (50% of Anchor book investment) | |
| Anchor Investor Lockin (Balance 50% of Anchor book investment) | |
Kindly note UPI Mandate deadline is 5:00 pm IST on closing date. To avoid last minute issue, request you to approve UPI mandate before 4:00 pm IST on last day. In case, UPI mandate has not been approved during the prescribed time period, applications are liable to get rejected.
There are highly chances of variation in dates. Users are requested to visit BSE, NSE, SEBI to gather information or read DRHP / RHP for more information.
| International Gemmological Institute (India) Limited IPO - Management Details: | |
|---|---|
| Hardik Desai, Company Secretary and Compliance Officer | |
Visit DRHP / RHP for more details on Board of Directors and Management details.
| International Gemmological Institute (India) Limited IPO - Details of Offer/Issue Breakup | UdhyamPitch on X | |||||
|---|---|---|---|---|---|
| Category | Quota (%) | No of Shares-Lower | No of Shares-Upper | Value (Rs Cr)-Lower | Value (Rs Cr)-Upper |
| QIB (Incl Anchor) | 75 | NA | 75,949,526 | NA | 3,167.1 |
| Non-Retail (NII) | 15 | NA | 15,189,905 | NA | 633.42 |
| Non-Retail (NII): >Rs10L | NA | 10,126,603 | NA | 422.28 | |
| Non-Retail (NII): Rs2L-Rs10L | NA | 5,063,302 | NA | 211.14 | |
| Retail | 10 | NA | 10,126,604 | NA | 422.28 |
| Employee | NA | 52,910 | 2. | 2. | |
| Shareholder | NA | . | . | ||
| NA=Not Available or Not Calculated | Upper= Upper Price Band | Lower=Lower Price Band | |||||
There are highly chances of variation in data. Users are requested to visit BSE, NSE, SEBI to gather information or read DRHP / RHP for more information.
| International Gemmological Institute (India) Limited - IPO Registrar & Transfer Agent (RTA): |
|---|
| KFin Technologies Ltd. Selenium, Tower B, Plot No 31 and 32, Financial District, Nanakramguda, Serilingampally HYDERABAD TELANGANA 500032 |
Check IPO Allotment status of International Gemmological Institute-IGIIPO:
| International Gemmological Institute (India) Limited - Anchor Lockin Dates and Details | |
|---|---|
| Anchor Investor Lockin (50% of Investment for 30 days) release of | |
| Anchor Investor Lockin (Balance Investment for 90 days) release of | |
Above information is automatically calculated based on estimations. Chances of errors/changes could be possible due to holidays and/or other conditions. Users are requested to Visit BSE, NSE, SEBI for more information or contact the Company/Merchant Banker/RTA for more information.
| International Gemmological Institute (India) Limited - Documents | |
|---|---|
Disclaimer:
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| Source: SEBI, BSE, NSE |
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