The International Gemological Institute (IGI), a well-known gem and jewelry certification company owned by Blackstone, has taken a major step by filing its draft red herring prospectus (DRHP) with the Bombay Stock Exchange (BSE). This filing is an important move as the company prepares to launch its initial public offering (IPO) and aims to raise nearly ₹4,000 crore.
According to the filing made on Thursday, August 22, IGI plans to raise approximately ₹4,000 crore through its IPO. The IPO will be priced with a face value of ₹2 per equity share. This means each share offered to the public will have a nominal value of ₹2.
The IPO will consist of a fresh issue of shares worth up to ₹1,250 crore and an offer for sale of existing shares worth up to ₹2,750 crore.
The International Gemological Institute is a global leader in the gem and jewelry industry. It is known for providing a range of services including grading, valuing, and testing gemstones and jewelry. The company’s services are crucial for ensuring the quality and authenticity of precious stones and jewelry, making it a key player in the market.
Investors will have the opportunity to buy shares in a leading company in the gem and jewelry industry. The exact price band and dates for the IPO have not been announced yet, so potential investors will need to wait for further updates.
Before investing in any IPO, it is crucial to conduct thorough research. Review the company’s DRHP carefully, understand its business model, financial health, and market position. Consider consulting with a financial advisor to make informed investment decisions.