International Gemmological Institute (India) Ltd IPO

The Company proposes to use the Net Proceeds from the Fresh Issue for the Proposed Acquisitions, following which the Company will be responsible for overseeing and managing the overall IGI business inside and outside of India. Its may face difficulties managing and administering an internationally dispersed business and may not be able to achieve operational efficiencies following the Proposed Acquisitions, which could adversely affect its business or results of operations.

Unaudited Pro Forma Condensed Combined Financial Information included in this Red Herring Prospectus is prepared on a voluntary basis for illustration purposes only. Its actual results may differ from the actual outcome of the Proposed Acquisitions as presented in such Unaudited Pro Forma Condensed Combined Financial Information.

The valuation report obtained for the Proposed Acquisitions is based on various assumptions and may not be indicative of the true value of the IGI Belgium Group and the IGI Netherlands Group.

A significant portion of the Net Proceeds are proposed to be paid to the Promoter of the Company.

Its success depends substantially on the value of the company brand and its reputation, and adverse publicity, damage to the company brand or a loss of reputation could impact the demand for its services or erode the company market share or otherwise have a material adverse effect on its business.

Most of business operations of the Pre-Acquisition Group are conducted on premises obtained on lease or leave and license basis and any inability to seek renewal or extension of such leases or leave and license agreements may materially affect its business operations. Further, certain of these premises have not been registered as required under Indian law.

Its Promoter acquired the Company in Calendar Year 2023 and does not have significant experience in its line of business.

Its Promoter will continue to retain significant shareholding in the Company after the Offer, which will allow them to exercise influence over it. Any substantial change in its Promoter's shareholding, or shareholding of the Company, may have an impact on the trading price of its Equity Shares which could have an adverse effect on the company's business, financial condition, results of operations and cash flows.

The company has entered, and may continue to enter into related party transactions which may involve conflicts of interest. Further, its Promoter, Directors, Group Companies, Key Managerial Personnel and Senior Management Personnel have interests in it other than the reimbursement of expenses incurred and normal remuneration and benefits.

The company does not have exclusive or long term contracts with its customers, and there is no assurance that they will continue to demand for its services.