International Gemmological Institute IPO, Date, Review, Price, Allotment Details

International Gemmological Institute IPO began on – Dec 13, 2024. It will close on –Dec 17, 2024. The Total IPO Size is ₹ 4,225.00 Crore Approx. The company set its IPO price is ₹397 to ₹417 per share Per Share. There are three basic categories in International Gemmological Institute IPO Subscription:- 1) Qualified Institutional Buyers.  2) Non-Institutional Investors.  3) Retail.

Incorporated in February 1999, International Gemmological Institute (India) Limited is a globally recognized organization certifying and grading diamonds, gemstones, and jewellery.

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.

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.

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.

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, 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.