International Gemmological Institute India (IGI India), a Blackstone portfolio company, has filed its Draft Red Herring Prospectus (DRHP) with capital market regulator Securities and Exchange Board of India (SEBI) to raise ₹4,000 crore via an initial public offering (IPO) route. The offer comprises fresh issue of equity shares worth ₹1,250 crore of face value of ₹2 each, and offer-for-sale of stock worth ₹2,750 crore by existing shareholders.
Under the OFS, promoter entity BCP Asia II TopCo Pte Ltd, an affiliate of funds managed and advised by Blackstone, is the solo seller, offloading shares worth ₹2,750 crore.
IGI India, is part of IGI Group, provides the fine jewellery community and consumers with a broad range of services including natural and laboratory grown diamond reports, coloured stone grading and origin reports, as well as jewelry identification and appraisal reports.
Blackstone had acquired the International Gemological Institute from Shanghai Yuyuan Tourist Mart (Group) Co., Ltd., a subsidiary of Fosun, and Roland Lorie, in May 2023 For more Updates Do follow us on Social Media
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