INTERNATIONAL GEMMOLOGICAL INSTITUTE IPO GMP TODAY | INTERNATIONAL GEMMOLOGICAL IPO REVIEW | IGI IPO

INTERNATIONAL GEMMOLOGICAL INSTITUTE IPO
INTERNATIONAL GEMMOLOGICAL INSTITUTE IPO REVIEW
INTERNATIONAL GEMMOLOGICAL INSTITUTE IPO ANALYSIS
INTERNATIONAL GEMMOLOGICAL INSTITUTE IPO GMP
INTERNATIONAL GEMMOLOGICAL INSTITUTE IPO GMP TODAY
INTERNATIONAL GEMMOLOGICAL INSTITUTE IPO APPLY OR NOT
INTERNATIONAL GEMMOLOGICAL INSTITUTE IPO APPLY OR AVOID
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INTERNATIONAL GEMMOLOGICAL INSTITUTE IPO SUBSCRIPTION STATUS

International Gemmological Institute (India) is Serving the industry with diamond, gem and jewelry grading, education and appraisals since 1975. IGI is the world’s second largest independent certification and accreditation services provider based on revenue for CY2023 among global peers for diamonds, studded jewelry and colored stones certifications, with a global market share of approximately 33%, based on the number of certifications of diamonds, studded jewelry and colored stones performed in CY2023.

International Gemmological Institute (India), an Book Built Issue amounting to ₹4,225.00 Crores, consisting an Fresh Issue of 353.71 Lakh Shares worth ₹1,475.00 Crores and an Offer for Sale of 659.47 Lakh Shares totalling to ₹2,750.00 Crores. The subscription period for the International Gemmological Institute (India) IPO opens on December 13, 2024, and closes on December 17, 2024. The allotment is expected to be finalized on or about Wednesday, December 18, 2024, and the shares will be listed on the BSE & NSE with a tentative listing date set on or about Friday, December 20, 2024.

The Share price band of International Gemmological Institute (India) IPO is set at ₹397 to ₹417 per equity share. The Market Capitalisation of the International Gemmological Institute (India) Limited at IPO price of ₹417 per equity share will be ₹18,020.85 Crores. The lot size of the IPO is 35 shares. Retail investors are required to invest a minimum of ₹14,595, while the minimum investment for High-Net-Worth Individuals (HNIs) is 14 lots (490 shares), amounting to ₹2,04,330.

Axis Capital Limited, Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited and SBI Capital Markets Limited are the book-running lead manager while KFin Technologies Limited is the registrar for the Issue.

International Gemmological Institute (India) Limited IPO GMP Today
The Grey Market Premium of International Gemmological Institute (India) Limited IPO is expected to be ₹85 based on the financial performance of the company.

International Gemmological Institute (India) IPO Review

The Company is led by a diverse and experienced management team, many of whom have been instrumental in shaping their Company’s trajectory for decades, and they benefit from their extensive industry knowledge and leadership. Their Managing Director and Chief Executive Officer, Tehmasp Nariman Printer, has been with them for 25 years and has been instrumental in establishing and expanding the Company in India.

The Revenues from operations for the period ended on Sep 30, 2024, Fiscals ended 2023, 2022 and 2021 were ₹6,194.92 Million, ₹ 6,486.60 Million, ₹ 4,993.32 Million and ₹ 3,742.88 Million respectively. The EBITDA for the period ended on Sep 30, 2024, Fiscals ended 2023, 2022 and 2021 were ₹ 4,523.17 Million, ₹ 4,587.99 Million, ₹ 3,435.20 Million, and ₹ 2,502.45 Million, respectively. The Profit after Tax for the period ended on Sep 30, 2024, Fiscals ended 2023, 2022 and 2021 were ₹ 3,260.60 Million, ₹ 3,247.38 Million, ₹ 2,417.58 Million, and ₹ 1,715.30 Million respectively.

For the International Gemmological Institute (India) IPO, the company is issuing shares at a pre-issue EPS of ₹8.22 and a post-issue EPS of ₹7.17. The pre-issue P/E ratio is 50.98x, while the post-issue P/E ratio is 58.20. The company's ROCE for 9MFY24 is 62.19% and RoE for 9MFY24 is 56.59%. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of International Gemmological Institute (India) showing potential listing gains of 20.28%. Given the company's financial performance and the valuation of the IPO, we recommend Risky Investors to Apply to the International Gemmological Institute (India) Limited IPO for Listing gain.

About the Author
CA Abhay Kumar (Also known as CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms during the training period.
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