December 11, 2024
This is to inform you that International Gemmological Institute (India) Limited is coming out with a public issue to raise Rs.4225 crore from the market.
The issue opens on December 13 and closes on December 17, 2024.
Details of the International Gemmological Institute (India) Limited IPO
| Company Details |
International Gemmological Institute (India) Limited primary business is the provision of services related to the certification and accreditation of natural diamonds, laboratory-grown diamonds, studded jewelry and colored stones as well as the offering of educational programs. The Pre-Acquisition Group is part of the International Gemmological Institute (“IGI”) group, and is responsible for the operation of the business under the “IGI” brand exclusively in India and Türkiye. IGI is one of the established reputed certifiers in the global market, according to the Redseer Report. According to the Redseer Report, in India, which is the world’s largest center for cutting and polishing diamonds accounting for approximately 95% of the world’s total polished diamonds in volume terms in CY2023, IGI India is the largest independent certification and accreditation services provider in India, holding approximately 50% market share in terms of number of certifications of diamonds, studded jewelry and colored stones for CY2023. According to the Redseer Report (see page 144 of “Industry Overview”), as of September 30, 2024, IGI India has the largest pan-India laboratory network among its global peers for grading lab-grown diamonds. As of September 30, 2024, the Pre-Acquisition Group has 19 IGI laboratories in India and 1 IGI laboratory in Türkiye which perform certification services. IGI India was the first to provide certification and accreditation services among their global peers in 1999 and was the first international laboratory for diamonds, studded jewelry and colored stones certification to be established. They have built customer relationships over the years, by focusing on service quality and full-service offering across all types of diamonds, studded jewelry and colored stones certification and accreditation. Throughout this journey, they have aimed to provide their services with quality, accuracy, and integrity. The Pre-Acquisition Group has a diversified customer base spanning across the value chain of the diamonds, studded jewelry and colored stones industry. |
| Issue Period | Issue opens on: Friday, December 13th, 2024 Issue closes on: Tuesday, December 17th, 2024 |
| Price Band | Rs.397 to Rs.417 per equity share |
| Bid Lot | 35 equity shares and in multiple thereafter. |
| Issue Size | Rs. 4225 crore |
| Employee Reservation | Equity Shares aggregating upto Rs. 2 Cr. |
| Employee Discount | Rs.39/- per share |
| Issue break-up | QIB - 75 % of the net offer - Rs. 3167 Cr NIB - 15 % of the net offer - Rs. 633 Cr. RET - 10 % of the net offer - Rs. 422 Cr. |
| Listing | NSE and BSE |
| Registrar | KFin Technologies Ltd |
| UPI | All NII Bidders (bids up to ₹ 5,00,000) Applications through brokers are compulsorily in UPI Mode |
| Note |
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Watch these 4 videos to know how to apply for the International Gemmological Institute (India) Limited IPO online easily.
Step 1: Create an UPI ID 
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Step 2: Apply for IPO online using mobile app or website 
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Step 3: Authorise UPI mandate to block payment 
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Remember these points while applying for IPOs
- With Sharekhan, you can now fill and submit your IPO application online at your convenience anytime before an issue closes. This can be done through the Sharekhan app or website.
- You will need a mobile phone with a SIM linked to your bank account offering the UPI facility and a debit card to create your UPI ID.
- Currently, UPI works on the following mobile applications:
UPI Apps live on IPO VPA Handle BHIM Baroda Pay (only Android) @BARODAMPAY BHIM RBL Pay (Android & iOS) @rbl BHIM PayWiz ( Android ) @idbi BHIM (android & iOS) @upi BHIM AUPay (Android & iOS) @aubank BHIM Axis Pay (only android) @axisbank BHIM BANDHAN UPI (Android & iOS) @bandhan BHIM DLB UPI (Android & iOS) @dlb BHIM IndusPay (only Android) @indus BHIM KBL UPI (Android) @kbl BHIM Lotza UPI (only Android) @federal BHIM SBIPay (only android) @sbi BHIM UCO UPI (Android and iOS both) @uco DhanSmart (Android & iOS) @dlb DigiBank - DBS (Android & iOS) @dbs Freecharge (Android & iOS) @freecharge Google Pay (android & iOS) @okhdfcbank, @okaxis , @oksbi, @okicici Groww Pay (Android & iOS) @yesg HSBC Simply Pay (android & iOS) @hsbc IDBI Bank GO Mobile+ ( Android & iOS) @idbi iMobile by ICICI Bank (android users) @icici IndOASIS (Android and iOS both) @indianbank, @allbank Kotak Mobile Banking App (Android) @kotak MobiK wik ( Android & iOS) @ikwik Nxt – Union Bank of India ( iOS and Android ) @unionbankofindia, @uboi and @unionbank Paytm (Android & IOS) @ptaxis, @pthdfc, @ptyes, @ptsbi Phone-Pe (Android & iOS) @ybl, @axl, @ibl SIB Mirror+ (only Android) @sib YES Pay Next (android & iOS) @yespay - To avoid rejection, download the latest version of the app.
- Remember to select UPI as the payment option in the IPO application form by providing your UPI ID.
- As soon as you submit your application through the mobile app or website, you will receive an SMS from National Payments Corporation of India (NPCI) informing you that your UPI mandate has been generated.
- The app passcode and the UPI PIN can be different; remember to enter only the UPI PIN while authorising the UPI mandate. Note that you should not share your UPI PIN with anyone.
- If you forget the UPI PIN, simply reset it instead of entering a wrong one.
- If the transaction gets through, you will receive a “Transaction is successful” message on your mobile.
- There are two possible scenarios post-allotment: On full allotment, funds will be debited from your account. If there is no allotment of shares, the blocked funds will be released after the end date or expiry date of the UPI mandate.
| Published by Team Internal Communications |  |
| This newsletter is for internal circulation only. It may not be published, reproduced or quoted in part or in whole, nor may it be published on social media without prior consent. The content is strictly copyright and reproduction of the whole or part of it in any form is prohibited without written permission from the Internal Communications department of Sharekhan. | |
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