Summary of this article
Bluestone Jewellery IPO saw muted demand on the first day of bidding.
Bluestone Jewellery IPO subscription window is scheduled to close on August 13.
Bluestone Jewellery IPO GMP is around Rs 9, indicating a muted debut with a modest premium.
BlueStone Jewellery IPO Subscription: BlueStone Jewellery IPO (BlueStone Jewellery & Lifestyle Ltd) subscription window opened on August 11. The mainboard issue has been booked 39 per cent across categories on the first day of subscription. The mainboard issue has received bids for over 6.38 million shares so far, compared to the 16.51 million shares offered for subscription.
The mainboard issue has been booked 38 per cent in the retail individual investors category on August 11. Retail investors applied for over 1.48 million shares compared to the 3.06 million shares reserved for the category.
Non-Institutional Investors (NIIs) applied for over 1.6 lakh shares against the 4.59 million shares set aside for them. The mainboard issue was booked 4 per cent in the NII category. Qualified Institutional Buyers (QIBs) placed bids for 5.08 million shares on the first day of bidding against the 8.86 million shares set aside for the category and booked the issue 57 per cent.
BlueStone Jewellery IPO GMP
The grey market premium for Bluestone Jewellery shares is Rs 9, according to the Investorgain website. Given the GMP of Rs 9, the stock is likely to make a muted debut with a premium of nearly 2 per cent at Rs 526 per share.
BlueStone Jewellery IPO: Offer Size and Price Band
BlueStone Jewellery IPO is worth Rs 1,540.65 crore. BlueStone Jewellery IPO comprises a fresh issuance of 15.9 million shares consisting of Rs 820 crore the issue also has an offer-for-sale component of 13.9 million crore shares aggregating to Rs 720.65 crore. BlueStone Jewellery IPO price band was fixed at Rs 492 to Rs 517 per share.
BlueStone Jewellery IPO: Lot Size and Minimum Investment
Retail investors interested in applying for BlueStone Jewellery IPO can place bids for a minimum of 29 shares, which aggregates to an investment of Rs 14,993.
BlueStone Jewellery IPO: Subscription window, listing date, allotment date
BlueStone Jewellery IPO subscription window opened today, on August 11. BlueStone Jewellery IPO bidding window is slated to close on August 13. BlueStone Jewellery IPO’s basis of allotment will be finalised on August 14.
After the finalisation of the share allotment status of the public issue, refunds will be initiated for unsuccessful bidders on August 18. Successful bidders will receive shares of BlueStone Jewellery in their demat accounts on August 18 as well. BlueStone Jewellery’s shares will be listed on the NSE and BSE. The tentative listing date for BlueStone Jewellery Limited’s shares is August 19.
BlueStone Jewellery & Lifestyle: Key financials
BlueStone Jewellery’s revenue for FY25 stood at Rs 1,830.04 crore, increasing by over 40 per cent from Rs 1,303.49 crore in FY24. The company posted a net loss of Rs 221.84 crore in FY25 and a net loss of Rs 142.24 crore in FY24.
BlueStone Jewellery IPO: Registrar
Kfin Technologies Ltd is the registrar for the jewellery maker’s issue. The book running lead manager for the mainboard issue is Axis Capital Ltd.
BlueStone Jewellery: Promoters
The promoter of BlueStone Jewellery & Lifestyle Ltd is Gaurav Singh Kushwaha. Kushwaha’s shareholding will reduce from 18.28 per cent to 16.07 per cent after the issue.
BlueStone Jewellery IPO: Objective
The jewellery maker plans to use the funds generated through the public issue for funding general corporate purposes and fulfilling working capital needs.
About BlueStone Jewellery Ltd
BlueStone Jewellery and Lifestyle Ltd manufactures gold, platinum and studded jewellery. BlueStone Jewellery Ltd operates via 275 stores across 12,600 PIN codes.
