The IPO will comprise a fresh issue of shares worth 500 crore (face value 2) and an OFS of 84 lakh shares, as per the DRHP. The OFS includes 80 lakh shares by Gopal Rajaram Kabra and 4 lakh by Mehul Ajit Shah.
IGI, a leading gemstone and diamond certification body, is pursuing an IPO in India to consolidate its global operations and capitalize on the growing lab-grown diamond market. The move aims to integrate IGI's strong Indian manufacturing base with its retail presence in Western markets, particularly the US. Blackstone, the current majority owner, will retain a significant stake after the IPO.
