BlueStone Jewellery IPO Opens; Subscribed 6% on Day 1, Price Band at ₹492–₹517
- 11th August 2025
- 03:30:00 PM
- 3 min read
Mumbai | August 11 – The public issue of BlueStone Jewellery & Lifestyle Ltd opened for subscription on Monday, attracting modest interest from investors on its first day. The IPO, which closes on August 13, had been subscribed 6% by 2:10 pm, with bids received for 9,47,082 shares against an offer size of 1,65,14,421 shares, according to NSE data.
The retail investor portion was subscribed 28%, while non-institutional investors bid for 2% of the shares reserved for them. The qualified institutional buyer (QIB) category had yet to see participation on the opening day.
Issue Structure and Objectives
BlueStone Jewellery aims to raise ₹1,540.65 crore through the IPO, comprising a fresh equity issue of ₹820 crore and an offer for sale (OFS) of shares worth ₹720.65 crore.
Prominent early investors, including Accel India III (Mauritius) Ltd, Saama Capital II Ltd, Kalaari Capital Partners II LLC, Kalaari Capital Partners Opportunity Fund LLC, Iron Pillar Fund I, Iron Pillar India Fund I, and Sunil Kant Munjal along with other Hero Enterprise Partner Ventures partners, are partially offloading their stakes via the OFS.
Proceeds from the fresh issue will be directed towards working capital requirements and general corporate purposes, as the company looks to expand its retail footprint and strengthen operational capacity.
Price Band, Lot Size and Allocation
The price band for the BlueStone Jewellery IPO is set at ₹492–₹517 per share. A single lot consists of 29 equity shares. As per SEBI regulations, 75% of the net offer is reserved for QIBs, 15% for non-institutional investors, and 10% for retail investors.
Key IPO Dates
Bidding Period – Aug 11–Aug 13
Allotment Finalisation – Aug 14
Refund Initiation – Aug 15
Credit of Shares to Demat – Aug 15
Listing on NSE & BSE – Aug 19
Ahead of the opening, BlueStone raised ₹693.29 crore from anchor investors. The allotment saw participation from a strong mix of domestic and foreign institutions, including SBI Life Insurance Company, Amansa Holdings, Nippon India Mutual Fund, PGIM India MF, DSP India MF, Axis MF, Motilal Oswal MF, Aditya Birla Sun Life MF, HDFC Life Insurance Co Ltd, Goldman Sachs, and Société Générale.
Company Overview
BlueStone Jewellery & Lifestyle, under its flagship brand ‘BlueStone’, operates both an online platform and a growing network of physical stores. The company currently has 275 retail outlets across 117 cities in 26 states and Union Territories. Its portfolio spans fine jewellery categories such as rings, necklaces, earrings, pendants, and customised designs.
Investors keen on participating can subscribe via their broker’s IPO platform or through UPI-enabled online applications. For a seamless experience and expert market insights, applications can be made via PL Capital’s IPO investment services, enabling easier tracking of allotment status and informed decision-making.
With its strong brand positioning, growing retail network, and marquee investor backing, the BlueStone Jewellery IPO is one of the notable offerings in India’s lifestyle and luxury retail segment this year. The pace of subscriptions over the next two days will be critical in gauging overall investor sentiment towards the issue.
PL Capital
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
