1.Company Information
The International Gemological Institute (IGI) India Limited, part of the globally renowned IGI group, stands as a leading certification and accreditation provider in the gems and jewelry sector. Established in 1999, IGI India focuses on grading and certifying natural and laboratory-grown diamonds, studded jewelry, and colored stones. It has carved out a dominant position in the Indian market, holding approximately 50% market share in certification services as of 2023, and plays a pivotal role in the global gemological landscape.
The company's operations include 19 laboratories in India and one in Türkiye, offering extensive certification services covering the 4Cs of diamonds (cut, color, clarity, and carat weight), authenticity grading of colored stones, and comprehensive jewelry assessments. IGI India is also deeply invested in gemological education through its Schools of Gemology, providing specialized courses to professionals and enthusiasts to strengthen the industry’s knowledge base.
Strategically located facilities in Gujarat and Maharashtra, hubs of diamond cutting and polishing, enable IGI to maintain operational efficiency and cater to high demand swiftly. Additionally, the company is expanding with a new 214,159 sq. ft. facility in Surat, expected to further enhance its capacity. IGI’s network is complemented by a focus on technological innovation, such as the proprietary Dcheck System, which differentiates between natural and lab-grown diamonds.
The organization serves a wide spectrum of clients, including top jewelry brands and retailers, and has built enduring relationships through consistent quality and reliability. It is the preferred certification partner for lab-grown diamond growers and retailers, showcasing its leadership in a rapidly evolving segment.
Strenghts :-
- Market Leadership in Certification Services: IGI India is a dominant player in the gem and jewelry certification sector, holding approximately 50% market share in India as of 2023. Its strong brand reputation and trust among jewelers and diamond manufacturers make it a preferred partner for grading and certification services.
- Comprehensive Service Portfolio: The company offers a wide range of services, including grading and certification of natural and lab-grown diamonds, colored stones, and studded jewelry. It also provides specialized gemological education through its Schools of Gemology, reinforcing its holistic approach to the industry.
- Strategically Located and Expanding Infrastructure: With 19 laboratories across India and one in Turkey, IGI is strategically positioned near major jewelry manufacturing hubs. Its upcoming state-of-the-art facility in Surat, Gujarat, will further bolster its capacity and operational efficiency.
- Technological Innovation and Proprietary Tools: IGI India leverages advanced technology, such as the proprietary Dcheck System, which accurately identifies natural and lab-grown diamonds. These innovations enhance its service quality and cater to evolving industry demands.
- Diverse and High-Profile Clientele: The company serves a wide spectrum of clients, including prominent jewelry brands, retailers, and diamond growers. Its ability to maintain enduring relationships through consistent quality and reliability solidifies its market position.
2. Objects of the Issue (International Gemmological Institute Limited IPO Objectives)
The Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Payment of the purchase consideration for the acquisition of IGI Belgium Group and IGI Netherlands Group from the Promoter; and
2. General corporate purposes.
3. International Gemmological Institute Limited IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: igil.ipo@kfintech.com
Website: https://kosmic.kfintech.com