International Gemmological Institute (IGI) Limited is set to launch its IPO. The IPO will open on 13 December 2024 (Friday) and close on 17 December 2024 (Tuesday). This is a Book Built issue. Through this issue, the company aims to raise approximately ₹4,225 crores from potential investors.
The IPO consists of a fresh issue of up to 35,371,702 equity shares and an offer for sale of up to 65,947,242 equity shares. The face value of the shares is ₹2 per share, with a price band set between ₹397 and ₹417 per share. Investors can bid for a minimum lot size of 35 shares.
The International Gemmological Institute (IGI) is a well-known name in the diamond, gemstone, and jewelry industry. It operates 31 labs worldwide, making it one of the largest independent grading and certification providers. IGI also runs 18 gemology schools, offering courses both in-person and online.
With a focus on accuracy and fairness, the institute is ISO 17025 accredited for grading natural and lab-grown diamonds. Its educational programs help people learn more about gemology, from new learners to industry professionals. in the present scenario IGI has become a trusted choice for quality and knowledge.
IPO Important Detail
| Category | Detail | Information |
|---|---|---|
| Key Dates | IPO Open Date | 13 December, 2024 |
| IPO Close Date | 17 December, 2024 | |
| Pricing Information | Face Value | ₹2 per share |
| Price Band | ₹397 to ₹417 per share | |
| Offer Structure | Total Issue Size | 101,318,944 shares (amounting up to ₹4,225.00 Cr) |
| Fresh Issue | 35,371,702 shares (amounting up to ₹1,475.00 Cr) | |
| Offer for Sale | 65,947,242 shares (amounting up to ₹2,750.00 Cr) | |
| Investor Details | Lot Size | 35 Shares |
| Listing Exchange | BSE and NSE | |
| IPO Type | Book Built Offer |
Important Dates of this IPO
| Event | Date |
|---|---|
| IPO Opening Date | 13 December 2024 (Friday) |
| IPO Closing Date | 17 December 2024 (Tuesday) |
| Finalisation of Basis of Allotment | 18 December 2024 (Wednesday) |
| Initiation of Refunds | 19 December 2024 (Thursday) |
| Credit of Shares to Demat Account | 19 December 2024 (Thursday) |
| Listing Date | 20 December 2024 (Friday) |
What is GMP of International Gemmological Institute IPO Today?
As of December 18, 2024, the Grey Market Premium (GMP) for the International Gemmological Institute IPO is ₹104. This indicates that the shares are expected to list at approximately ₹521 per share.
Note: GMP is an unofficial indicator and is based on market speculation; it does not guarantee actual listing performance.
Company Financials
| Period | 30 Sep 2024 (₹ Crore) | FY24 (₹ Crore) | FY23 (₹ Crore) | FY22 (₹ Crore) |
|---|---|---|---|---|
| Total Assets | 775.60 | 603.20 | 409.03 | 319.69 |
| Total Revenue | 619.49 | 648.66 | 499.33 | 374.29 |
| Total Expense | 179.82 | 144.26 | 204.88 | 169.97 |
| Profit After Tax | 326.06 | 324.74 | 241.76 | 171.53 |
| Company’s Net Worth | 643.41 | 509.01 | 339.07 | 242.59 |
| Total Reserves & Surplus | 111.46 | 119.40 |
Company’s Key Metrics (FY 2024)
| Key Performance Indicator | Value |
|---|---|
| Return on Capital Employed (ROCE) | 80.96% |
| Return on Equity (ROE) | 76.58% |
| Debt to Equity Ratio | * |
| Return on Net Worth (RoNW) | 76.58% |
| Price to Book Value (P/BV) | * |
| After Tax Profit Margin (%) | 7.30% |
| EBITDA Margin (%) | 36.84% |
| Net Asset Value (NAV) | ₹12.83 |
| Earnings Per Share (EPS) | ₹8.18 (Basic) |
Lot Size and Application Amount
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail Investor (Minimum Lot) | 1 | 35 | ₹14,595 |
| Retail Investor (Maximum Lot) | 13 | 455 | ₹189,735 |
| Small HNI Investor (Minimum Lot) | 14 | 490 | ₹204,330 |
| Small HNI Investor (Maximum Lot) | 68 | 2,380 | ₹992,460 |
| Big HNI Investor (Minimum Lot) | 69 | 2,415 | ₹1,007,055 |
Investor Category-Wise Reservation
| Investor Category | Reservation |
|---|---|
| Shares Reserved for QIB | 75% of the Net Issue |
| Shares Reserved for Retail Investors | 10% of the Net Issue |
| Shares Reserved for Non-Institutional Investors | 15% of the Net Issue |
Net Cash Flow Overview
| Net Cash Flow | For the Period Ended 30 Sep 2024 (₹ in crores) | FY 2024 (₹ in crores) | FY 2023 (₹ in crores) | FY 2022 (₹ in crores) |
|---|---|---|---|---|
| Net Cash Flow from Operating Activities | 327.45 | 198.2 | 297.28 | 194.17 |
| Net Cash Flow from Investing Activities | -227.6 | -13.22 | -66.01 | -43.05 |
| Net Cash Flow from Financing Activities | -197.4 | -118.98 | -148.82 | -153.77 |
Key Objectives of this IPO
The fund raised through this IPO will be utilized for the following purposes:
- To fund the proposed acquisitions of IGI Belgium Group and IGI Netherlands Group.
- Working capital requirements.
- General corporate purposes.
- To repay some outstanding borrowings.
- To enhance operational efficiency.
It is always beneficial to read Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP) carefully to better understand its financials and growth opportunities before making a decision.
Looking for more IPO reviews? Check out our IPO Dashboard for recent posts on other Main-board IPO & SME IPOs for the latest market updates.
Popular Questions
- What are the opening and closing dates for the International Gemmological Institute (IGI) public issue?
The offering opens on 13 December, 2024, and closes on 17 December, 2024. - Who are the lead managers for this issue?
The lead managers are Axis Capital Limited, Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited, and SBI Capital Markets Limited. - Who is the registrar for this offer?
The registrar is KFin Technologies Limited. - What is the price band for this public offering?
The price band is set between ₹397 and ₹417 per equity share. - What is the minimum lot size for retail investors in this equity issue?
Retail investors can bid for a minimum of 35 shares, amounting to ₹14,595. - What are the main objectives of this fundraising initiative?
The funds will be used for proposed acquisitions, repayment of borrowings, investment in working capital, and general corporate purposes. - On which stock exchanges will the shares be traded?
The equity shares will be listed on BSE and NSE. - What is the total size of the offering?
The issue comprises 101,318,944 equity shares, amounting to ₹4,225 crores. - When will the allotment and refund process commence?
Allotment will begin on 18 December, 2024, with refunds processed shortly thereafter. - When will the shares be credited to investors’ Demat accounts?
Shares will be credited to investors’ Demat accounts on 19 December, 2024. - What is the expected listing date for the company’s shares?
The shares are expected to list on 20 December, 2024.
Note: This article is based on the information received from the company’s official documents, including the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). For up-to-date information on the Grey Market Premium (GMP) for the International Gemmological Institute Ltd IPO, you may please check our Current GMP, where we will post the latest figures as soon as they are available.
Disclaimer: This article is for educational purposes only. We do not offer any advice on buying or selling securities. Please consult your financial advisor before investing in an IPO or any other securities to make sure that it suits your financial plans and risk tolerance.
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