International Gemmological Institute (IGI) India (Image credit: Social media)
Mumbai: Two major initial public offerings (IPOs) are set to hit the market in December 2024, with International Gemmological Institute (IGI) India and Inventurus Knowledge Solutions (IKS Health) aiming to raise a combined ₹6,722.92 crore.
IGI India IPO
Blackstone-promoted IGI India, a leading provider of grading and accreditation services for diamonds, gemstones, and jewelry, will launch its ₹4,225 crore IPO on December 13, with the issue closing on December 17.
The price band has been set at ₹397 to ₹417 per equity share of ₹2 face value. The IPO consists of a fresh issue of ₹1,475 crore and an offer for sale of ₹2,750 crore by Blackstone’s foreign entity, BCP Asia II TopCo.
Proceeds from the fresh issue will primarily fund IGI India’s ₹1,300 crore acquisition of IGI Belgium Group and IGI Netherlands Group, with the remainder allocated for general corporate purposes. Post-acquisition, IGI India will hold 100% ownership of these groups, expanding its global operations under the “IGI” brand in India and Türkiye.
IKS Health IPO
Meanwhile, healthcare services provider Inventurus Knowledge Solutions (IKS Health) will open its ₹2,497.92 crore IPO on December 12, closing on December 16. The price band for the shares has been set at ₹1,265 to ₹1,329 per equity share of ₹1 face value.
The IPO is an offer for sale, with existing shareholders divesting their stakes. IKS Health specializes in delivering clinical support services to clinicians and care teams, enabling them to focus on providing high-quality healthcare.
Both IPOs are expected to attract significant investor interest, given their strong market positioning and growth strategies.
IGI India IPO
Blackstone-promoted IGI India, a leading provider of grading and accreditation services for diamonds, gemstones, and jewelry, will launch its ₹4,225 crore IPO on December 13, with the issue closing on December 17.
The price band has been set at ₹397 to ₹417 per equity share of ₹2 face value. The IPO consists of a fresh issue of ₹1,475 crore and an offer for sale of ₹2,750 crore by Blackstone’s foreign entity, BCP Asia II TopCo.
Proceeds from the fresh issue will primarily fund IGI India’s ₹1,300 crore acquisition of IGI Belgium Group and IGI Netherlands Group, with the remainder allocated for general corporate purposes. Post-acquisition, IGI India will hold 100% ownership of these groups, expanding its global operations under the “IGI” brand in India and Türkiye.
IKS Health IPO
Meanwhile, healthcare services provider Inventurus Knowledge Solutions (IKS Health) will open its ₹2,497.92 crore IPO on December 12, closing on December 16. The price band for the shares has been set at ₹1,265 to ₹1,329 per equity share of ₹1 face value.
The IPO is an offer for sale, with existing shareholders divesting their stakes. IKS Health specializes in delivering clinical support services to clinicians and care teams, enabling them to focus on providing high-quality healthcare.
Both IPOs are expected to attract significant investor interest, given their strong market positioning and growth strategies.
( Source : Deccan Chronicle )
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