International Gemological Institute (IGI), owned by Blackstone, has filed papers with SEBI to launch an IPO aiming to raise nearly ₹4,000 crore.
The IPO will include fresh issues worth ₹1,250 crore and an offer for sale of up to ₹2,750 crore by its promoter, BCP Asia II TopCo Pte. Ltd. IGI is a leading global certifier of lab-grown and natural diamonds. A significant portion of the proceeds will be used to acquire IGI Belgium and IGI Netherlands, making the company a 100% shareholder of these entities.