International Gemological Institute IPO: issue dates, price, and lot size

Prepare to be dazzled by the International Gemological Institute (IGI) IPO—your ticket to the sparkling world of diamond expertise. This isn't just another stock offering; it's your chance to invest in the global standard of diamond and jewelry certification. Valued at a stunning ₹4,225 crore, this IPO is set to rock the financial market from December 13 to 17, 2024, offering investors a unique opportunity to become part of a worldwide trusted brand.

The IPO presents an accessible entry point for investors, with a price range of ₹397 to ₹417 per share and a minimum investment (for retail investors) of just ₹14,595 for 35 shares. Breaking down the offering, it includes a fresh issue of ₹1,475 crore and an offer for sale of ₹2,750 crore. IGI isn't just a company—it's the global guardian of diamond quality, trusted by jewelers, buyers, and investors worldwide. Mark your calendars for the key dates: share allotment is anticipated on December 18, with the stock set to list on both BSE and NSE on December 20.

This is more than an investment—it's your chance to be part of a precision-driven global industry.

International Gemological Institute IPO details

International Gemological Institute (India) Limited IPO is a fundraise worth ₹4,225 crores comprising a fresh issue of 3.54 crore shares and an offer for sale of 6.59 crore shares. The IPO will be available for subscription from December 13, 2024, to December 17, 2024, providing an opportunity for investors looking to invest in the jewellery sector.

International Gemological Institute IPO timeline

The International Gemological Institute (India) Limited IPO opens for subscription on December 13, 2024, and closes on December 17, 2024, with allotment slated for December 18, 2024.

International Gemological Institute IPO Review

Incorporated in 1999, International Gemological Institute (India) Limited (IGI) is a globally recognized organization specializing in certifying and grading diamonds, gemstones, and jewelry. IGI provides independent grading reports using internationally accepted standards, detailing the 4Cs—cut, color, clarity, and carat weight—for natural and lab-grown diamonds, along with fluorescence and symmetry. Additionally, it evaluates coloured stones, finished jewelry, and authenticity, offering a comprehensive suite of services to the gem and jewelry trade. IGI also operates 31 laboratories worldwide, including in major markets such as Surat, Mumbai, Antwerp, and New York, supported by 843 employees, including 316 gemologists.

Beyond its certification business, IGI runs 18 gemology schools that offer education programs in gemology, diamond grading, and jewelry design. The company also invests in research and training, graduating thousands of students annually. This dual focus on certification and education has established IGI as a leader in the global gem and jewelry market, fostering trust and expertise across 10 countries. Its extensive network and robust service offerings make IGI a cornerstone for professionals and stakeholders in the gem industry.

In this upcoming IPO, Inventurus Knowledge Solutions Limited won't receive any of the proceeds from the IPO. All the funds will go directly to the Selling Shareholders, minus the IPO-related expenses and applicable taxes.

International Gemological Institute IPO Financials

The key performance indicators of International Gemological Institute (India) Limited reflect the company's financial health, with a Return on Equity (RoE) of 76.58%, Return on Capital Employed (RoCE) of 80.96%, and the Return on Net Worth (RoNW) at 76.58% as on December 31, 2023.

Amount in ₹ crores

International Gemological Institute IPO strengths

International Gemological Institute (IGI) is a global leader in diamond and jewelry certification, holding the position of the second-largest independent certification provider in the world. Operating in a high-barrier industry, IGI's comprehensive certifications are widely recognized for their precision and quality. Its diversified revenue model spans diamond grading, gemstone evaluation, and finished jewelry assessments, while also offering educational initiatives through its 18 gemology schools. These schools not only enhance brand visibility but also foster industry partnerships, creating a steady pipeline of skilled professionals.  

IGI's strong financial performance is another cornerstone of its success, with revenue increasing significantly from ₹374.29 crores in 2021 to ₹619.49 crores by September 2024. The company’s geographic reach, encompassing major global markets like Antwerp, Dubai, and New York, ensures broad market access and reduces dependence on any single region. Its expertise in lab-grown diamond certification, a rapidly growing segment, positions IGI for sustained growth as consumer demand for ethical and sustainable jewelry rises.  

International Gemological Institute IPO weaknesses

Despite its global presence, IGI faces several challenges. A substantial portion of its revenue is concentrated in India, especially in Gujarat and Maharashtra, making it vulnerable to regional market fluctuations and regulatory changes. The company also operates in a highly competitive industry, facing pressure from both local and international certification providers, which could impact pricing and market share.  

Additionally, managing an internationally dispersed business comes with operational complexities, including regulatory compliance across multiple jurisdictions. Ongoing legal proceedings involving the company and its affiliates could pose reputational risks and financial uncertainties. The dependence on unaudited pro forma financial data for its acquisitions and the allocation of a significant portion of net proceeds to its promoter raises questions about transparency and governance, potentially affecting investor confidence.

Should you invest in the International Gemological Institute IPO?

Imagine stepping into a sparkling world of opportunity with the International Gemological Institute (India) Limited's IPO. This isn’t just an investment—it’s your gateway to the thriving and ever-evolving jewelry industry. Seasoned investors recognize that the best opportunities emerge at the crossroads of innovation and strategic insight.

Before making your move, delve into IGI’s financials to uncover its revenue streams, growth patterns, and competitive standing in the market. Craft an investment strategy that aligns with your personal financial aspirations, carefully weighing your risk tolerance and long-term goals. A well-informed decision today could be your shining gem for the future.

FAQs

What is the International Gemological Institute IPO?

The International Gemological Institute (India) Limited IPO is a main-board offering consisting of a fresh issue of 3.54 crore shares and an offer for sale of 6.59 crore shares with a face value of ₹2, aiming to raise to ₹4,225 crores. The price band is set between ₹397 and ₹417, with a minimum order quantity of 35 shares. This IPO will be open for subscription from December 13, 2024, to December 17, 2024. Kfin Technologies Limited is the registrar while Axis Capital Limited, Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited, and SBI Capital Markets Limited are the book-running lead managers.

When will the International Gemological Institute IPO open?

The International Gemological Institute (India) Limited IPO will open for subscription on December 13, 2024, and will close on December 17, 2024.

When is the International Gemological Institute IPO listing date?

The tentative listing date for the International Gemological Institute (India) Limited IPO is Friday, December 20, 2024.