International Gemmological Institute (India) Limited
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Following its successful public offering, International Gemmological Institute (India) Limited's made its market debut on Dec 20, 2024 and is now actively traded on the NSE, BSEplatform. The IPO mobilized 10,13,23,893 Shares in total capital, including 3,53,76,651 Shares in primary equity infusion and ₹2749.87 Cr in secondary share sales.
The offering was structured with a price band of ₹397 to ₹417 and minimum investment lots of 35 shares. Investor participation during the subscription window from Dec 13, 2024 to Dec 17, 2024 demonstrated market confidence in the company's prospects.
The allotment process concluded on Dec 18, 2024, allocating shares to successful bidders. The listing represents the culmination of the IPO process, transitioning the company to publicly traded status with enhanced transparency and governance standards.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
International Gemmological Institute (India) Limited (IGI), incorporated in February 1999, is a globally recognized organization specializing in certifying and grading diamonds, gemstones, and jewellery. Operating 31 laboratories and 18 gemology schools worldwide, including key markets such as Surat, Mumbai, Antwerp, New York, Bangkok, Dubai, Hong Kong, and Shanghai, IGI provides independent grading reports for natural and lab-grown diamonds, coloured stones, and finished jewellery, assessing attributes like cut, colour, clarity, carat weight, fluorescence, symmetry, craftsmanship, and overall value. The company also offers education programs in gemology, diamond grading, and jewellery design, supported by a dedicated research department. As of September 30, 2024, IGI’s Pre-Acquisition Group includes 20 laboratories and 9 schools, staffed by 843 employees, including 316 gemologists, ensuring internationally recognized standards and fostering industry expertise.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Global Recognition: Renowned for high-quality gem certification and services.
- Advanced Technology: State-of-the-art infrastructure ensures precision and reliability.
- Diversified Portfolio: Offers a wide range of services across gemology and jewelry.
- Dependence on Luxury Market: Vulnerable to economic downturns impacting discretionary spending.
- Regulatory Compliance: Must adhere to evolving international standards, posing operational risks.
- Technological Threats: Rapid tech changes may outpace current systems, affecting competitiveness.
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