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International Gemmological Institute IPO
Price Band
₹397.0–417.0
Issue Size
₹4225.0 Cr
Lot Size
35 shares
Min Investment
₹14,595
GMP
+₹159.0 (38.13%)
Issue Price
₹417.0
Subject to Sauda
₹4200
Paid only if allotted
International Gemmological Institute IPO AI Summary
- International Gemmological Institute IPO is listed on BSE, NSE in the Diversified Commercial Services sector.
- Price band: ₹397.0–₹417.0 per share, lot size 35 shares (min. investment ₹14,595).
- Subscription window: 13 Dec–17 Dec 2024, listing on 20 Dec 2024.
- Current GMP is +₹159.0 (38.13%), an estimated listing price of ₹576 — unofficial and can change daily.
International Gemmological Institute (India) Limited is a prominent player in the diamond and jewellery certification industry, with a strong global presence and a focus on education and certification services. The upcoming IPO aims to facilitate strategic acquisitions and support corporate growth.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
International Gemmological Institute IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 17 Dec 2024 — not a current signal.
3 of 4 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
International Gemmological Institute IPO Grey Market Premium (GMP) Today
GMP
+₹159.0
GMP %
+38.13%
Est. Listing
₹576.0
Updated: 25 Jul 2026 14:02
About the Company
Incorporated in February 1999, International Gemmological Institute (India) Limited is a globally recognized organization certifying and grading diamonds, gemstones, and jewellery. IGI provides independent grading reports that analyze and certify the characteristics of stones using internationally recognized standards. These reports include details about the stone's colour, cut, clarity, and carat weight. IGI also offers education courses and degree plans for the gem and jewellery trade and has a research department. IGI operates 31 laboratories worldwide that grade finished jewellery, natural diamonds, lab-grown diamonds, and gemstones. Additionally, it has 18 gemology schools that graduate thousands of students each year. The services offered by the company are as follows Diamond grading includes reports on the 4Cs (cut, colour, clarity, carat weight) for natural and lab-grown diamonds and details on fluorescence and symmetry. Evaluating the quality and authenticity of coloured stones like rubies, sapphires, and emeralds and issuing detailed grading reports. Evaluating finished jewellery involves assessing diamond and coloured stone quality, craftsmanship, and overall value. Offering educational programs and courses in gemology, diamond grading, jewellery design, and related subjects. As of September 30, 2024, the company has a network of 20 laboratories and 9 schools under the Pre-Acquisition Group, supported by 843 employees, including 316 gemologists and other professionals in research, education, and certification processes. As of September 30, 2024, IGI's certification business operates through 31 branches and laboratories in 10 countries, including key markets like Surat and Mumbai in India, Antwerp, New York, Bangkok, Dubai, Hong Kong, and Shanghai. Competitive Strength The company is the second-largest independent certification provider globally for diamonds and jewellery, operating in a high-barrier industry. Provider of certification services for the rapidly growing laboratory-grown diamond industry. An extensive range of certification and accreditation services is offered to a diverse group of customers throughout the value chain. Education initiatives that support spreading awareness, building customer partnerships and the company's brand.
Company Financials (₹ Cr)
| Period Ended | 30 Sep 2024 | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 |
|---|---|---|---|---|
| Assets | 775.60 | 603.20 | 409.03 | 319.69 |
| Total Income | 619.49 | 648.66 | 499.33 | 374.29 |
| Profit After Tax | 326.06 | 324.74 | 241.76 | 171.53 |
| NET Worth | 643.41 | 509.01 | 339.07 | 242.59 |
| Reserves and Surplus | 111.46 | 119.40 |
Key Ratios
NAV
₹12.83
ROE
76.58%
ROCE
80.96%
RoNW
76.58%
P/E Ratio
50.98
Market Cap
₹18020.85 Cr
PAT Margin
54.68%
Promoters
BCP Asia II TopCo Pte.Ltd.
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Payment of the purchase consideration for the acquisition of IGI Belgium Group and IGI Netherlands Group from the Promoter; and 1,300.00 2 General corporate purposes. 109.74
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹499.33 Cr for the period ending 31 Dec 2022, increasing to ₹648.66 Cr by 31 Dec 2023. However, for the most recent period ending 30 Sep 2024, Total Income was ₹619.49 Cr, which is a 9-month figure and not directly comparable to the full year.
Profit Trend
Profit After Tax was ₹171.53 Cr for the period ending 31 Dec 2021, rising to ₹241.76 Cr by 31 Dec 2022. This continued to increase to ₹324.74 Cr for the period ending 31 Dec 2023, and then slightly increased to ₹326.06 Cr for the period ending 30 Sep 2024, though this is a 9-month figure and not a full year.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the potential listing gains of an IPO. It reflects the demand for the shares in the grey market before they are officially listed. A positive GMP suggests that the shares may list at a premium compared to the issue price, while a negative GMP indicates the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's growth potential, market position, and industry dynamics. It's essential to consider the company's financial health and future prospects before making a decision.
Who May Want to Wait
Investors who are risk-averse or prefer stable, established companies with predictable earnings may want to avoid IPOs like this, which can be subject to market fluctuations and uncertainties.
IPO Timeline, Explained
The IPO opens for subscription on December 13, 2024, and closes on December 17, 2024. Allotment of shares will be done on December 18, 2024, with the listing date set for December 20, 2024.
Listing Gains — The Risk
Listing-day gains can be unpredictable. While some investors may experience quick profits if the stock lists above the issue price, others may face losses if the stock performs poorly. It's important to consider market conditions and the company's fundamentals when evaluating potential listing gains.
This evaluation is generated from International Gemmological Institute's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is International Gemmological Institute IPO GMP today?
International Gemmological Institute IPO GMP today is +₹159.0 (38.13%), indicating an estimated listing price of ₹576. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of International Gemmological Institute IPO?
The price band of International Gemmological Institute IPO is ₹397.0–₹417.0 per share.
When does International Gemmological Institute IPO open and close?
International Gemmological Institute IPO opens on 13 December 2024 and closes on 17 December 2024.
When does International Gemmological Institute IPO list on the stock exchange?
International Gemmological Institute IPO listed on 20 December 2024 at ₹576.0.
What is the lot size for International Gemmological Institute IPO?
The lot size for International Gemmological Institute IPO is 35 shares, requiring a minimum investment of ₹14,595.
What is the price band for the IPO?
The price band for the IPO is ₹397.0 to ₹417.0.
What is the minimum investment required?
The minimum investment required is ₹14,595.0.
What is the lot size for this IPO?
The lot size for this IPO is 35 shares.
When does the IPO open and close?
The IPO opens on December 13, 2024, and closes on December 17, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium or discount of the IPO shares in the grey market before they are officially listed.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
13 Dec 2024
Close
17 Dec 2024
Allotment
18 Dec 2024
Listing
20 Dec 2024
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