IGI India, a key player in diamond certification, is launching its IPO. As the world’s second-largest independent certifier of diamonds, IGI holds a 33% global market share and dominates India’s diamond certification market with a 50% share. It leads globally in laboratory-grown diamond certifications with a 65% market share and excels in certifying studded jewelry.
Since 1975, IGI has had a global presence in 10 countries, with 31 branches and 18 gemology schools. It is a pioneer in jewellery certification and education, offering services such as diamond grading, coloured stone evaluation, jewellery assessments, and gemology training.
Supported by Blackstone, IGI has shown strong growt and robust profitability. Its innovative services and global reach position it as a trusted leader in the gemological industry.
Issue size
Funds Raised in the IPO
Amount
Overall
₹4225 crores
Fresh Issue
₹1475 crores
Offer for Sale
₹2750 crores
Utilisation of proceeds
Purpose
INR crores (%)
Payment for acquiring IGI Belgium and IGI Netherlands Groups from our Promoter.
1.3 (0.09%)
General corporate purposes
1473.7 (99.91%)
Financials
Financial Year Ended
Dec 2021
Dec 2022
Dec 2023
September 2024
Total assets
319.69
409.03
603.20
775.60
Revenue
374.29
499.33
648.66
619.49
Profit After Tax
171.53
241.76
324.74
326.06
Strengths
Second-largest global certification provider for loose stones and jewellery.
Leader in certification for the lab-grown diamond industry.
Wide range of services for diverse customers.
Educational initiatives are building brand and customer partnerships.
Proven growth in revenue, margins, and returns.
Experienced management backed by a global asset manager.
Risks
High dependence on the Indian market.
Vulnerable to regulatory and legal challenges.
Intense competition from global and regional players.
Legal proceedings involving the company and affiliates may affect business.