International Gemological Institute IPO: Blackstone-backed International Gemological Institute’s initial public offering (IPO) will open for public subscription on December 13 and close on December 17. The price band has been set at ₹397-₹417 apiece.
The ₹4,225 crore book-built issue is a fresh issuance of ₹1,475 crore and an offer-for-sale (OFS) of ₹2,750 crore by Blackstone’s affiliate BCP Asia II TopCo Pte Ltd.
International Gemological Institute provides services related to the certification of natural and lab-grown diamonds, coloured stones, and studded jewellery and offers an education program.
It offers services such as comprehensive diamond grading, grading and assessment of finished jewellery pieces, evaluating the quality and authenticity of coloured stones, and conducting educational courses and programs.