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Time of India
23 minutes ago
- Time of India
Bluestone shares rise 7% after muted debut on stock exchanges
Synopsis Bluestone shares rebounded strongly after a tepid stock market debut, rising 7.3% to Rs 546. Early investors like Accel India and Saama Capital saw substantial gains, with promoter Gaurav Singh Kushwaha's stake multiplying significantly. Despite widening losses in FY25 due to expansion costs, the company's revenue grew by 40%, driven by strong institutional interest in its IPO.
Economic Times
23 minutes ago
- Economic Times
When half your paycheque becomes the EMI: A Rs 50 lakh package can buy a flat, but can it buy peace of mind?
Synopsis On paper, a Rs 50 lakh annual salary may seem enough for a Rs 1.5 crore flat. In practice, the numbers don't stretch that far. Wealth advisor Alok Tiwari's calculations show that nearly half of the take-home pay would go into monthly instalments, leaving little for daily living costs. Financial guidelines and housing affordability data back his warning. While banks may be willing to lend, the risk of being overextended is real. TIL Creatives Representative AI Image A Rs 1.5 crore home loan at an interest rate of about 8.5% over 20 years means an EMI between Rs 1.2 and Rs 1.3 lakh each month. Alok Tiwari, a wealth advisor, broke down the problem in plain numbers.'EMI for 1.5Cr will be 1.2L pm. A 50L CTC makes 2.75L pm. Deduct rents, school fees, insurance, school bus, petrol, car cost, misc, groceries, utilities, vacation etc. Now from the leftover savings divide with 1.5cr,' Tiwari wrote on concern is clear. A Rs 50 lakh annual package translates to about Rs 2.75 lakh a month in hand. Almost half of that vanishes into the loan repayment, before accounting for the many other unavoidable costs of family such a loan might pass bank scrutiny. The Reserve Bank of India allows lenders to extend loans up to half of a borrower's income. But most advisors, and many banks themselves, caution against stretching beyond 40% of take-home pay for housing this case, 40% of Rs 2.75 lakh works out to roughly Rs 1.1 lakh. The EMI required is closer to Rs 1.29 lakh, already breaching that threshold. That gap signals stress, not comfort. The affordability question is not new. Knight Frank's 2025 report on housing shows that, on average, Indian buyers commit 28% of their income to EMIs. But the picture changes dramatically across cities. In Mumbai, the ratio climbs to 48%, a level already seen as risky. In contrast, Ahmedabad and Kolkata remain more affordable, with EMIs consuming 18% to 23% of commitments inch close to half of what a household earns, it squeezes everything else. School fees, groceries, fuel, insurance, travel, and even small savings start to feel post touched a nerve because it describes a common dilemma. Salaries in many urban sectors have risen, and home loans have become accessible. Yet the real question is not whether a bank will say yes, but whether the borrower can live comfortably afterwards.A Rs 50 lakh salary, under present benchmarks, does not comfortably support a Rs 1.5 crore home. The risk is not just of repaying the bank, but of sacrificing financial flexibility. Buyers may end up house-rich but cash-poor. Disclaimer: This article is based on a user-generated post on social media. has not independently verified the claims made in the post and does not vouch for their accuracy. The views expressed are those of the individual and do not necessarily reflect the views of Reader discretion is advised.
Economic Times
23 minutes ago
- Economic Times
Bluestone shares rise 7% after muted debut on stock exchanges
Company Images Omnichannel jewellery retailer Bluestone saw its shares rally to rise 7.3% to Rs 546 on the BSE on Tuesday following a muted debut on Indian stock exchanges. Shares had opened at a 1.5% discount to the IPO price of Rs 517 on the BSE, while the NSE opening price was Rs 510. The company's market capitalisation at the end of the day stood at Rs 8,262.09 crore. Early investors in Bluestone posted substantial gains following the market debut. Accel India saw an 8.1 times investment multiple at IPO price of Rs 517, while Saama Capital's investment jumped 10.6 times, and Kalaari Capital's investment rose 8.4 times. Promoter and CEO Gaurav Singh Kushwaha's stake multiplied 11.3 times. At Tuesday's closing price, Kushwaha's shares, which were worth Rs 117.2 crore before the IPO, surged to Rs 1,335.7 crore. 'When we started, the general disbelief people said was that how can anyone buy jewellery online? Jewellery requires a lot of trust and why would people buy from Bluestone? This is never going to work out. But we thought to ourselves, why does it have to be like that? Why can't jewellery be reimagined, why can't trust be built digitally and deepened physically,' Kushwaha said during his speech at the listing Rs 1540 crore public issue, comprising a fresh issue of Rs 820 crore and the remainder through an offer for sale by existing investors drew strong interest from institutional investors, while retail participation remained moderate. The non-institutional portion was subscribed just 55%, bringing overall subscription to 2.7 revenue growth, Bluestone's losses widened in FY25, driven by faster expense growth due to offline expansion and higher advertising spends. The company reported a net loss of Rs 222 crore in FY25, up from Rs 142 crore in FY24, while operating revenue rose 40% to Rs 1,770 crore. Expenses increased 42% to Rs 2,050 crore from Rs 1,445.7 crore in the previous had initially planned a Rs 1,000 crore fresh issue but later reduced it to Rs 820 crore. The offer for sale was also trimmed to 13.9 million shares from the original 24 million. Selling shareholders included Accel India, Kalaari Capital, Saama Capital, Iron Pillar Fund, and Hero Group's Sunil Kant Munjal. IvyCap Ventures, which had earlier planned to sell 3.1 million shares, did not the Rs 820 crore fresh issue, Rs 750 crore has been earmarked for working capital requirements, with the remainder allocated to general corporate purposes.'In the mid-2010s, India lacked true mid-stage capital for vertical commerce. BlueStone stayed frugal and focused, steadily broadening its catalogue, deepening manufacturing capabilities, and sharpening unit economics. The company moved through challenges with consistency, learning and building in every cycle. That discipline made today possible,' Prashanth Prakash, partner, Accel wrote in a blog post on Tuesday. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Hacking, ransom, lawsuits: Why social engineering is TCS, Cognizant's latest headache Govt easing policies to boost growth; when will industry play ball? Can new shipping laws bury the ghost of British legacy? How IDBI banker landed plush Delhi properties in Amtek's INR33k crore skimming Stock Radar: M&M hits fresh record high in August 2025; time to buy or book profits? Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus F&O Radar | Deploy Bull Call Spread in Nifty to play index reversal Stock picks of the week: 5 stocks with consistent score improvement and return potential of more than 20% in 1 year
