About International Gemmological Institute:
The company operates as an independent provider of certification and accreditation services for diamonds, studded jewelry, and colored stones. It is part of the International Gemmological Institute (IGI) group and is exclusively responsible for managing the business under the “IGI” brand in India and Türkiye.
About the Industry in which International Gemmological Institute operates:
The Redseer Report (referenced on pages 113 and 133 of the “Industry Overview”) indicates that the global jewelry market, including studded jewelry, is projected to grow at a CAGR of 3% to 6% between CY2023 and CY2028. Additionally, global diamond consumption is expected to grow at a CAGR of 6% during the same period. As the studded jewelry market expands, the demand for certification is anticipated to increase, with certifications for diamonds, studded jewelry, and colored stones projected to grow at a CAGR of 5% to 10% from CY2023 to CY2028. Certification of laboratory-grown diamonds is expected to drive this growth by volume, according to the Redseer Report.
| Important Information and Timelines of the IPO of International Gemmological Institute: | |
|---|---|
| Open Date | 13 December 2024 |
| Close Date | 17 December 2024 |
| Total Issue Size – Number of Shares | 101318944 |
| Minimum Bid Price | 397 |
| Maximum Bid Price | 417 |
| Lot Size | 35 |
| Basis of Allotment | 18 December 2024 |
| Initiation of Refunds and Credit of Shares to Demat | 19 December 2024 |
| Listing Date | 20 December 2024 |
| Listing Exchange(s) | NSE and BSE |
Minimum and Maximum Lot Sizes for the IPO of International Gemmological Institute:
| Category | Lots | Shares | Amount (in â‚ą) |
|---|---|---|---|
| Retail – Minimum | 1 | 35 | 14595 |
| Retail – Maximum | 13 | 455 | 189735 |
| sHNI – Minimum | 14 | 490 | 204330 |
| sHNI – Maximum | 68 | 2380 | 992460 |
| bHNI – Minimum | 69 | 2415 | 1007055 |
Objective of the IPO of International Gemmological Institute:
The objective is to fund the acquisition of the IGI Belgium Group and IGI Netherlands Group from the Promoter and support general corporate purposes.
Financials of International Gemmological Institute:
| Particulars | As at and for the nine months ended September 30, 2024 | As at and for the nine months ended September 30, 2023 | As at and for the year ended December 31, 2023 | As at and for the year ended December 31, 2022 | As at and for the year ended December 31, 2021 |
|---|---|---|---|---|---|
| Equity share capital | 793.57 | 3.95 | 3.95 | 3.95 | 3.95 |
| Revenue from operations | 5,963.57 | 4,537.88 | 6,385.28 | 4,909.94 | 3,646.91 |
| Total income | 6,194.92 | 4,592.25 | 6,486.60 | 4,993.32 | 3,742.88 |
| Restated profit for the period/year | 3,260.60 | 2,386.94 | 3,247.38 | 2,417.58 | 1,715.30 |
| Basic and diluted earnings per share | 8.22 | 6.02 | 8.18 | 6.09 | 4.32 |
| Total borrowings | - | - | - | - | - |
| Net worth | 6,434.12 | 4,499.89 | 5,090.09 | 3,390.73 | 2,425.89 |
| Net asset value per share | 16.22 | 11.34 | 12.83 | 8.55 | 6.11 |
For more details on the IPO, refer to the DRHP here.
Did you know that you can now Pre-Apply for an IPO on Dhan? You can place your IPO Bid on Dhan and the order will be pushed to the Exchange as soon as the Bidding starts for International Gemmological Institute. You will receive a UPI mandate after 10:00 AM on 13 December 2024.
###1. How to apply for the IPO of International Gemmological Institute on Dhan?
You can apply for the IPO of International Gemmological Institute from either Dhan Mobile App or Web
On Dhan Mobile App you can find the IPO under the Money Section > IPO Tab
On Dhan Web you can find the IPO under Markets Tab > IPOs
###2. In case of successful allotment, when the IPO shares of International Gemmological Institute be visible on Dhan?
The CDSL will intimate you regarding the credit of shares into your Demat account by 19 December 2024. However, you will be able to see the shares of International Gemmological Institute on Dhan before the market starts on the listing date which is 20 December 2024.