The supply includes a recent challenge of Rs 1,475 crore whereas a suggestion on the market (OFS) quantities to Rs 2,750 crore.
The corporate filed its draft papers on August 27, 2024, and it acquired an statement letter from the Securities and Change Board of India (Sebi) on November 28.
About Worldwide Gemological Institute
The Blackstone portfolio firm offers companies associated to the certification and accreditation of pure diamonds, laboratory grown diamonds, studded jewelry and colored stones in addition to the providing of instructional packages.IGI is the world’s second-largest unbiased certification and accreditation companies supplier primarily based on income for CY2023 amongst international friends for diamonds, studded jewelry and colored stones certifications, with a world market share of roughly 33%, primarily based on the variety of certifications of diamonds, studded jewelry and colored stones carried out in CY2023, based on the Redseer Report.
IGI IPO: Internet proceeds
The corporate proposes to utilise the web proceeds in direction of cost of the acquisition consideration for the acquisition of IGI Belgium Group and IGI Netherlands Group from the promoter and for basic company functions.IGI India, is a part of IGI group which is likely one of the established reputed certifiers within the international market, based on the Redseer Report.
IGI IPO lead managers
Axis Capital Restricted, Kotak Mahindra Capital Firm Restricted, Morgan Stanley India Firm Non-public and SBI Capital Markets Restricted are the book-running lead managers to the problem.
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