The International Gemmological Institute (IGI) IPO is one of the major IPOs of December 2024. This book-built issue, valued at ₹4,225.00 crores, includes a fresh issue of ₹1,475.00 crores and an offer for sale of ₹2,750.00 crores. IGI is a globally recognized leader in diamond grading, gemstone certification, and jewellery evaluation. The IPO will open on December 13, 2024, and is expected to close on December 17, 2024, with the listing scheduled for December 20, 2024, on both BSE and NSE.

1. IGI IPO Details
The International Gemmological Institute (India) Limited IPO will offer shares at a price band of ₹397 to ₹417 per equity share, aiming to raise ₹4,225.00 crores. The issue comprises a fresh issue of ₹1,475.00 crores (3.54 crore shares) and an offer for sale of ₹2,750.00 crores (6.59 crore shares).

• Price Band: ₹397 to ₹417 per share
• Market Capitalization at ₹417: ₹8,356.86 crores
• Lot Size: 35 shares
• Retail Investor Minimum Investment: ₹14,595
• Subscription Period: December 13 to December 17, 2024
• Listing Date: December 20, 2024 (BSE, NSE)

2. About International Gemmological Institute (IGI)
Founded in February 1999, IGI has established itself as a global leader in the certification and grading of diamonds, gemstones, and jewellery. The company operates 31 laboratories worldwide and provides grading reports for natural diamonds, lab-grown diamonds, coloured stones, and finished jewellery. It also offers educational programs and degree courses in gemology and diamond grading.

Key IGI Services:

• Diamond Grading: IGI provides detailed reports for diamonds based on the 4Cs (cut, colour, clarity, carat weight), including fluorescence and symmetry details.
• Gemstone Certification: The company evaluates coloured stones like rubies, sapphires, and emeralds, providing comprehensive grading reports.
• Jewellery Evaluation: IGI assesses the quality of diamonds and coloured stones, their craftsmanship, and overall value in finished jewellery.
• Educational Courses: IGI runs several gemology schools that offer certifications and training in diamond grading, jewellery design, and related subjects.

As of September 2024, IGI operates through 31 laboratories in 10 countries, including India (Surat and Mumbai), Antwerp, New York, Bangkok, Dubai, Hong Kong, and Shanghai.

3. Competitive Strengths
IGI holds a dominant position in the global market, especially as the second-largest independent certification provider for diamonds and jewellery. The company has established strong brand recognition, which is particularly beneficial in the growing market for lab-grown diamonds. IGI’s education initiatives further support its brand, helping to spread awareness and build customer partnerships in the gem and jewellery trade.

4. Objectives of the IPO
The funds raised through the fresh issue of the IPO will be used for the following purposes:

• Repayment of debt: A significant portion of the funds will be used to reduce the company’s debt levels.
• General corporate purposes: The remaining funds will be utilized for other corporate and business needs.

Conclusion
The International Gemmological Institute IPO presents a significant investment opportunity for those interested in the rapidly growing diamond, gemstone, and jewellery sectors. With its strong position in global certification and grading, coupled with educational services, IGI’s IPO offers potential for long-term growth. Investors should consider the price band, objectives, and other details before subscribing to the issue.

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