Review of International Gemmological Institute (India) Limited IPO : Lot Size, Check Issue Date, Price

International Gemmological Institute IPO Price: ₹397 to ₹417 per share
IPO Dates: 13 December 2024 – 17 December 2024

Business Overview

International Gemmological Institute India provides independent certification and grading reports for natural and laboratory-grown diamonds, colored gemstones, and finished jewellery. Using internationally recognised standards, these reports analyze critical parameters like color, cut, clarity, and carat weight. The company also offers educational courses and degree programs to support the gem and jewellery trade.

The company operates 31 laboratories across 10 countries, including India, the United States, Belgium, Thailand, the UAE, Hong Kong, and China. Additionally, it manages 18 gemology schools worldwide, graduating thousands of students each year. As of September 30, 2024, IGI India’s network included 20 laboratories and 9 schools under the Pre-Acquisition Group, supported by 843 employees, including 316 gemologists.

Key Services Offered

1. Diamond Grading
   Certification for natural and lab-grown diamonds, covering the 4Cs (cut, color, clarity, carat weight) and additional parameters like fluorescence and symmetry.
2. Colored Gemstone Grading
   Detailed evaluation reports for precious stones such as rubies, sapphires, and emeralds.
3. Jewelry Evaluation
   Quality and craftsmanship assessment for finished jewellery, including diamond and gemstone certification.
4. Education Programs
   Specialized courses in gemology, diamond grading, jewellery design, and related subjects.

Competitive Strengths

• Global Leadership: IGI is the second-largest independent certification provider globally for diamonds, gemstones, and jewelry.
• Market Leader in Lab-Grown Diamonds: IGI is a pioneer and leader in certifying laboratory-grown diamonds, a rapidly growing segment.
• Extensive Service Portfolio: The company caters to diverse customer groups along the value chain, offering a broad range of certification services.
• Educational Initiatives: IGI’s education programs build customer trust, enhance brand visibility, and foster industry awareness.
• Strong Financial Track Record: The company has consistently delivered growth in revenue, margins, and returns.
• Professional Management: Supported by the expertise of Blackstone, the world’s largest alternative asset manager.

Business Strategies

• Leadership in Lab-Grown Diamonds: Strengthen its market position in the fast-growing lab-grown diamond certification segment.
• Diversification: Expand its services in the natural diamond, studded jewellery, and coloured stone verticals.
• Global Expansion: Increase the reach of its laboratory network across key markets.
• Brand Investment: Continue building brand recognition through education and marketing initiatives.
• Technology Adoption: Leverage AI and other technologies to enhance operational efficiency and improve grading processes.

Key Milestones and Achievements

• IGI India was the first international laboratory to certify diamonds, studded jewellery, and coloured stones in India.
• The company holds a 50% market share in the Indian certification industry for diamonds, jewellery, and gemstones as of 2023.
• IGI serves 9 of the top 10 jewellery chains in India and is the largest certification provider for lab-grown diamonds in the country, generating over ₹100 crore in revenue for FY 2023.
• The company launched its signature event, D Show, which has become a prominent platform for industry networking in India.

Ownership and Management

Since May 2023, the International Gemmological Institute has been fully owned by BCP Asia II TopCo Pte. Ltd., an affiliate of funds managed by Blackstone. As of September 30, 2024, Blackstone’s assets under management were valued at $1,107.63 billion, underscoring IGI’s robust backing.

Bidding Starts In

International Gemmological Institute IPO Specifics:

International Gemmological Institute IPO Timetable (Important Dates)

International Gemmological Institute IPO Lot Size

Bidders have the opportunity to bid for a minimum of 35 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.

International Gemmological Institute IPO Reservation

International Gemmological Institute (India) Limited IPO Financial Information

Key Performance Indicator – International Gemmological Institute IPO

Objects of the Issue:

The company plans to utilize the net proceeds from the IPO for the following purposes:

1. Funding the acquisition of IGI Belgium Group and IGI Netherlands Group from the promoter.
2. Meeting general corporate expenses.

Prospectus Links:

Prospectus: Official documents that provide detailed information about the IPO and the company.