Here are 8 Things You Should Know Before Investing in the International Gemmological Institute (IGI) IPO

The International Gemmological Institute (IGI) is all set to launch its Initial Public Offering (IPO) from December 13 to December 17, 2024. The IPO aims to strengthen the company’s financial and operational capabilities. IGI, a global leader in gemstone certification, is an established name in the industry and has piqued investor interest with this offering.

Investing in IPOs has been made easier than ever with HDFC Securities, enabling investors to participate seamlessly using their existing UPI accounts. Before deciding, here’s a comprehensive overview of the IGI IPO.

8 Things to Know Before Investing in the International Gemmological Institute:

1. Global Industry Leader: IGI’s dominant position in gemstone certification and education sets it apart in a growing market.

2. Expanding Luxury Market: The increasing demand for certified gemstones, fuelled by growing disposable incomes, enhances IGI’s growth potential.

3. Robust Brand Value: Over the decades, IGI has built a trusted global brand synonymous with quality and transparency.

4. Wide Geographical Reach: The company’s international presence spans multiple countries, catering to a diverse clientele.

5. Strong Institutional Backing: Anchor investors have committed ₹1,900.35 crores, reflecting high confidence in the company.

6. Proven Track Record: IGI’s financial performance shows consistent growth and profitability, offering assurance to potential investors.

7. IPO Structure: The mix of fresh issue and offer for sale provides flexibility to meet company and investor objectives.

8. Innovation and R&D: IGI’s commitment to adopting advanced technologies ensures its relevance in a competitive market.

About International Gemmological Institute

The International Gemmological Institute is a globally recognized authority in diamond, colored stone, and jewelery certification. Established in Antwerp, Belgium, IGI serves manufacturers, retailers, and end consumers with its expertise in gemmological analysis and education. The company’s reputation for impartiality and precision has cemented its leadership in an increasingly quality-conscious industry.

With a commitment to innovation and customer satisfaction, IGI continues to adapt to evolving trends and demands in the luxury market. Its global footprint and dedicated team make it a trusted partner for stakeholders across the gemstone value chain.

Key Details of the IPO

- IPO Date: December 13, 2024, to December 17, 2024

- Price Band: ₹397 to ₹417 per share

- Lot Size: 35 shares

- Total Issue Size: ₹4,225 crores (Fresh Issue: ₹1,475 crores; Offer for Sale: ₹2,750 crores)

- Promoter Holding Post-Issue: 76.55%

Anchor investors have already subscribed to ₹1,900.35 crores of the issue, showcasing institutional trust in IGI’s business model.

Financials of International Gemmological Institute

IGI’s financial track record highlights consistent revenue growth and profitability.

- Assets: ₹775.60 crore

- Revenue: ₹619.49 crore

- Profit After Tax: ₹326.06 crore

- Net Worth: ₹643.41 crore

Objectives of the IPO

The Company proposes to utilize the Net Proceeds towards funding the following objects:

1. Payment of the purchase consideration for the acquisition of IGI Belgium Group and IGI Netherlands Group from the Promoter; and

2. General corporate purposes.

Conclusion

The International Gemmological Institute IPO represents an opportunity for investors to be part of a global leader in a growing luxury market. With its strong financials, strategic growth plans, and proven industry leadership, IGI stands out in the IPO space.

For investors seeking to simplify their participation, HDFC Securities provides an easy and efficient way to apply, leveraging your existing UPI account.