Blackstone-backed IGI IPO Set for December 13, Aims to Raise ₹4,225 Crore

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The International Gemmological Institute (IGI), a prominent global player in diamond and gemstone certification, is gearing up to make its debut on Dalal Street with an initial public offering (IPO) slated for December 13. Backed by private equity giant Blackstone, the IPO aims to raise ₹4,225 crore, marking a significant event in the Indian capital markets.



IPO Details and Offer Structure

The ₹4,225 crore offering will consist entirely of an Offer for Sale (OFS) by the current shareholders, including Blackstone and other promoters. This means no fresh capital will be raised, and the proceeds will go directly to the selling shareholders. Blackstone, which holds a majority stake in IGI, is expected to offload a substantial portion of its holdings in this IPO.

The price band for the IPO is expected to be announced in the coming days, with market watchers anticipating strong interest from institutional and retail investors alike.

About IGI

Founded in 1975, IGI is one of the world’s leading gemmological laboratories, known for its expertise in diamond grading and certification. Operating in more than 20 countries, the company plays a crucial role in ensuring transparency and trust in the global diamond trade.

Blackstone acquired a controlling stake in IGI in 2022, underscoring its confidence in the company’s growth trajectory. With the IPO, IGI is set to further cement its position in the market while providing a lucrative exit for its private equity investor.

Market Sentiment and Growth Potential

The IPO comes at a time when the Indian equity markets are witnessing a robust appetite for high-quality public issues. Analysts view IGI as a compelling investment opportunity, given its strong brand reputation, global presence, and the growing demand for certified gemstones.

"The gem and jewelry sector is poised for significant growth, and IGI's IPO will likely attract investors looking to capitalize on this trend," noted a market analyst.

Looking Ahead

The proceeds from the IPO will allow Blackstone to realize gains from its investment in IGI, while the public listing is expected to enhance IGI’s visibility and operational credibility. The IPO is being closely watched as it could set the tone for other private-equity-backed companies considering listing on the Indian stock exchanges.

Investors are eagerly awaiting December 13 to see how IGI's public debut unfolds and whether it sparkles as brightly as the diamonds it certifies

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