84  Total SME IPOs listed in 2025

3,748.24 Crs.  Total funds raised in 2025

57  SME IPOs listed with Gain in 2025

27  SME IPOs listed with loss in 2025

84  Total SME IPOs listed in 2025

3748.24 Crs.  Total funds raised in 2025

57  SME IPOs listed with Gain in 2025

27  SME IPOs listed with loss in 2025

84  Total SME IPOs listed in 2025

3748.24 Crs.  Total funds raised in 2025

57  SME IPOs listed with Gain in 2025

27  SME IPOs listed with loss in 2025

84  Total SME IPOs listed in 2025

3748.24 Crs.  Total funds raised in 2025

57  SME IPOs listed with Gain in 2025

27  SME IPOs listed with loss in 2025

IGI International Gemmological Institute (India) Limited IPO Analysis

IGI International Gemmological Institute (India) IPO is a Book Building listing on BSE,NSE exchange, with an ipo size of ₹ 4225.00 Cr. The company is based in Mumbai and caters to Corporate Solutions sector. Axis Capital , Kotak Mahindra Capital Company , Morgan Stanley India Company , SBI Capital Markets are the merchant bankers of IGI International Gemmological Institute (India) IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 22nd August 2024.

IGI International Gemmological Institute (India) IPO posted revenues of ₹ 1238.98 crores and PAT of ₹ 652.12 crores in FY25 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 1,192.60 Cr.
            EBITDA: ₹ 858.20 Cr.
            PAT: ₹ 652.00 Cr.
  • EBITDA Margin: 71.96 %
            Pat Margin: 54.67 %
  • Net Worth: ₹ 643.40 Cr.
  • Market Capitalisation: ₹ 18020.85 Cr.
  • P/E: 82.90 times
  • P/BV: 3.70 times
  • EV/EBITDA: 20.97 times
Nature of IPO : MainBoard
Exchange : BSE,NSE
IPO Type : Book Building

IGI International IPO Financial Performance (Restated)

Financial results of IGI International Gemmological Institute (India) IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials Sep-24 FY23 FY22 FY21
Balance Sheet
Assets 775.50 603.20 409.00 319.60
Net Worth 643.40 509.00 330.90 242.50
Total Debt [●] [●] [●] [●]
Profit & Loss
Revenue
Revenue on annualised basis
596.30
1,192.60
638.50 490.90 364.60
EBITDA
EBITDA on annualised basis
429.10
858.20
450.10 335.10 240.60
PAT
PAT on annualised basis
326.00
652.00
324.70 241.70 171.50
Financials
30-Sep-24
FY23
FY22
FY21
Balance Sheet
Assets
775.50
603.20
409.00
319.60

Net Worth
643.40
509.00
330.90
242.50

Total Debt
0.00
0.00
0.00
0.00

Profit & Loss
Revenue
Revenue on annualised basis
596.30
1,192.60
638.50
490.90
364.60

EBITDA
EBITDA on annualised basis
429.10
858.20
450.10
335.10
240.60

PAT
PAT on annualised basis
326.00
652.00
324.70
241.70
171.50

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

IGI International IPO Key performance Indicators (KPI)

IGI International Gemmological Institute (India) IPO PAT Margin is 54.67 % , ROCE (Return on Capital Employed) is 62.19 % as per latest financial. The below table shows IGI International Gemmological Institute (India) IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars Sep-24 FY23 FY22 FY21
EBITDA Margin (%) 71.96 70.49 68.26 65.99
PAT Margin (%) 54.67 50.85 49.24 47.04
EPS (₹) 8.22 8.18 6.90 4.32
ROE (%) 50.67 63.79 73.04 70.72
ROCE (%) 62.19 80.96 87.09 86.79
ROA (%) 42.04 53.83 59.10 53.66
Debt to Equity [●] [●] [●] [●]
Particulars
30-Sep-24
FY23
FY22
FY21

EBITDA Margin (%)
71.96
70.49
68.26
65.99

PAT Margin (%)
54.67
50.85
49.24
47.04

EPS (₹)
8.22
8.18
6.90
4.32

ROE (%)
50.67
63.79
73.04
70.72

ROCE (%)
62.19
80.96
87.09
86.79

ROA (%)
42.04
53.83
59.10
53.66

Debt to Equity (x)  
[●]
[●]
[●]
[●]

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

IGI International Gemmological Institute (India) IPO Valuation Metrics

The market Capitalisation of IGI International Gemmological Institute (India) IPO is ₹ 18020.85 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
18020.85

Enterprise Value (EV) (₹ Cr.):
18,000.55

EV/EBITDA (times) :
20.97

PE Multiple (times) :
82.90

P/B (times) :
3.70

NAV (₹) :
16.22

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in IGI International prospectus?

The IGI International Gemmological Institute (India) IPO prospectus highlights an Return on Equity (ROE) of 50.67 % , Return on Assets (ROA) of 42.04 %, and an EBITDA Margin of 71.96 %, showcasing financial performance.

How do profitability ratios impact the evaluation of IGI International IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows IGI International Gemmological Institute (India) IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for IGI International IPO ?

The post-IPO market capitalisation of IGI International Gemmological Institute (India) IPO is ₹ 18020.85 Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of IGI International IPO?

The IGI International Gemmological Institute (India) IPO has a Price-to-Earnings (PE) ratio of 82.90 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of IGI International Gemmological Institute (India) IPO?

IGI International Gemmological Institute (India) IPO reported revenue of ₹ 1238.98 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from IGI International Gemmological Institute (India) IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of IGI International Gemmological Institute (India) IPO?

IGI International Gemmological Institute (India) recorded an EBITDA of ₹ 858.20 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of IGI International Gemmological Institute (India) IPO?

IGI International Gemmological Institute (India) Profit After Tax (PAT) is ₹ 652.00 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 1,192.60 Cr.
            EBITDA: ₹ 858.20 Cr.
            PAT: ₹ 652.00 Cr.
  • EBITDA Margin: 71.96 %
            Pat Margin: 54.67 %
  • Net Worth: ₹ 643.40 Cr.
  • Market Capitalisation: ₹ 18020.85 Cr.
  • P/E: 82.90 times
  • P/BV: 3.70 times
  • EV/EBITDA: 20.97 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

IGI International Gemmological Institute (India) operates in Corporate Solutions and Engaged In Certifying And Grading Diamonds, Gemstones, And Jewellery.. The Issue is listed on BSE,NSE in Dec, 2024. IGI International Gemmological Institute (India) IPO size was 4225.00 with Issue price of 417.00 .

Merchant Banker(s) of IGI International Gemmological Institute (India) IPO: Axis Capital Limited , Kotak Mahindra Capital Company Limited , Morgan Stanley India Company Private Limited , SBI Capital Markets Limited

IGI International Gemmological Institute (India) IPO subscription was 35.48 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

IGI International Gemmological Institute (India) IPO listed at a listing price of 505.00 against the offer price of 417.00.

The current market price of IGI International Gemmological Institute (India) is 358.35.

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