BlueStone Jewellery sets price band for Rs 1,540 crore IPO. Check IPO dates, issue details, more
ADVERTISEMENT The issue comprises a fresh issue of Rs 820 crore and an offer for sale (OFS) of Rs 720.65 crore, and the shares are expected to list on the BSE and NSE on August 19.
The IPO is structured as a book-built issue totalling Rs 1,540.65 crore. The fresh issue portion will involve the sale of 1.59 crore equity shares aggregating to Rs 820 crore. The OFS will see existing shareholders offload 1.39 crore shares worth Rs 720.65 crore.
Axis Capital is acting as the book-running lead manager, while Kfin Technologies will serve as the registrar for the offering.
The price band has been fixed at Rs 492–517 per share. Retail investors can bid for a minimum of one lot comprising 29 shares, translating to an investment of Rs 14,268 at the upper end of the band.The allotment is expected to be finalised on August 14.
Gaurav Singh Kushwaha is the promoter of BlueStone Jewellery and Lifestyle, which operates under its flagship brand "BlueStone". The company manufactures and retails diamond, gold, platinum, and studded jewellery.
ADVERTISEMENT As of March 31, 2025, the company has a footprint of 275 stores across 117 cities in 26 States and Union Territories. This includes 200 company-owned outlets and 75 franchisee stores, with a combined retail area of over 605,000 square feet. BlueStone services over 12,600 PIN codes across India.Its product catalogue spans rings, earrings, necklaces, pendants, solitaires, bangles, bracelets, and chains, offered through 91 curated collections as of March 2025.
According to the company, the net proceeds from the fresh issue will primarily be used to fund its working capital requirements, with Rs 750 crore earmarked for this purpose. The remaining amount will be allocated towards general corporate purposes.
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Also read | JSW Cement IPO: GMP signals 12% listing gains ahead of IPO opening. Check details(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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