IGI offers long-term play for investors keen on niche biz

IGI offers long-term play for investors keen on niche biz

ET Intelligence Group: Blackstone-promoted International Gemmological Institute (IGI) is India’s largest and world’s second largest certification provider for gems and jewellery. It is rolling out an IPO of ₹4,225 crore. Of the issue proceeds, ₹1,300 crore will be used for acquiring IGI Belgium and IGI Netherlands from the promoter. Business The company has 50% market … Read more