INTL GEMOLOGICAL INST LTD Share price

International Gemological Institute Limited was initially incorporated as International Gemmological Institute (India) Private Limited' dated February 23, 1999, with the Registrar of Companies, Mumbai. Upon its conversion into a Public Limited company, the name was changed to International Gemmological Institute (India) Limited' dated July 10, 2024 issued by the RoC and the Registrar of Companies dated April 7, 2026 have approved a change in name of the Company to 'International Gemological Institute Limited'. IGI India is part of the International Gemmological Institute (IGI) Group. The Company provide diamond, gemstone and studded jewelry certification services, as well as imparting gemological education services. IGI operates a global network of 36 laboratories and 21 gemology schools across 10 countries, giving it the largest laboratory and education footprint among global peers. IGI is a market leader in laboratory-grown diamond certification and serves more than 7,500 customers globally, including diamond growers, wholesalers, jewelry manufacturers, retailers, and leading international jewelry brands. Its strategically located laboratories in Antwerp, New York, Mumbai, Surat, Dubai, Bangkok, Hong Kong and Shanghai enable timely and accessible services across major jewelry markets worldwide. IGI's operations first started in Belgium in 1975 through the establishment of IGI Belgium. In 1980, IGI USA was the first to issue jewelry identification reports among its global peers. IGI was the first to provide certification and accreditation services among global peers in 1999 and was the first international laboratory for diamonds, studded jewelry and colored stones certification to be established. The Company started providing certification services for laboratory-grown diamonds in 2005 through IGI USA. Additionally, in 2018, the Company introduced the Dcheck System to differentiate between laboratory-grown diamonds and natural diamonds. In May 2019, Alpha Yu, who was holding 80% of the then outstanding equity share capital of the Company and Lorie Holding, who was holding 20% of the then outstanding equity share capital of the Company, transferred their entire shareholding in the Company to BCP TopCo from Hattron (India) Limited. In 2021, the Company launched in-factory laboratory set-ups for laboratory-grown diamond growers in India to deliver on-site certification services to customers. Since May 2023, BCP Asia II TopCo Pte. Ltd., which is the Promoter, and is an affiliate of funds managed and/or advised by affiliates of Blackstone, currently holds 100% of its pre-Offer issued, subscribed and paid-up Equity Share Capital. The Company came up with the initial public offer by issuing 101,323,893 equity shares of face value of Rs 2 each by raising funds aggregating to Rs 4225 Cr, comprising a fresh issue of 35,376,651 equity shares aggregating to Rs 1475 Cr and offer for sale of 65,947,242 equity shares aggregating to Rs 2750 Cr in December, 2024. The Company acquired AGL Holdco Inc. in FY25 to provide premier colored gemstone for global wholesalers.