International Gemmological Institute (India) Limited listing ceremony held at NSE, today, December 20, (L-R)
Mr. Eashwar Iyer, Chief Financial Officer, IGI India Limited;
Mr. Mukesh Mehta, Senior Managing Director, Blackstone;
Mr. Amit Dixit, Head of Private Equity Asia, Blackstone;
Mr. Tehmasp Printer, MD & CEO, IGI India Limited;
Shri. Ashishkumar Chauhan, MD & CEO, NSE;
Mr. Prateek Roongta, Managing Director, Blackstone
and other dignitaries at the listing ceremony at NSE on Friday in Mumbai.

MUMBAI, 20 DECEMBER, 2024 (GPN): International Gemological Institute (IGI), had priced its Rs 4,225-crore IPO between Rs 397 to Rs 417 per share. The IPO had a fresh issue component of Rs 1,475 crore and an offer for sale of Rs 2,750 crore. The issue was subscribed 35.5 times. Post listing, the company commands a market capitalisation of Rs 20,318 crore. IGI is a certification company for diamonds, gemstones and jewellery.

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Addressing the media, Mukesh Mehta, Senior Managing Director, Blackstone, said “In Hindi, Blackstone translates to “kaala patthar,” and it is truly fitting that we have found our Kohinoor in IGI, a company that leads the world in diamond and jewelry certification.”

“While ‘IGI’ stands for the International Gemological Institute, for us, it represents ‘Integrity, Growth, and Innovation,’ which are the guiding principles of our journey together” – said Mukesh Mehta, Senior Managing Director, Blackstone