Latest news with #BlueStone
Economic Times
13 hours ago
- Business
- Economic Times
BlueStone Jewellery IPO subscribed 65% on Day 2
The initial public offer of BlueStone Jewellery and Lifestyle Ltd, which offers contemporary jewellery under its flagship brand 'BlueStone', got subscribed 65 per cent on the second day of share sale on Tuesday. ADVERTISEMENT The three-day IPO received bids for 1,07,81,214 shares against 1,65,14,421 shares on offer, according to data available with the NSE. The Qualified Institutional Buyers (QIBs) portion got subscribed 85 per cent while the quota for Retail Individual Investors (RIIs) received 73 per cent subscription. The category for non-institutional investors fetched 23 per cent subscription. BlueStone Jewellery and Lifestyle on Friday raised over Rs 693 crore from anchor investors. The issue, with a price band of Rs 492-517 per share, will conclude on Wednesday. The initial public offer (IPO) involves a fresh issue of Rs 820 crore and offer-for-sale (OFS) of 1,39,39,063 equity shares worth Rs 720.65 crore, at the upper end of the price band. This aggregates the transaction size to Rs 1,540.65 crore. ADVERTISEMENT Those selling shares through the OFS include Kalaari Capital Partners II, LLC, Saama Capital II, Ltd., Sunil Kant Munjal (and other partners of Hero Enterprise Partner Ventures) and others. Unlock 500+ Stock Recos on App Proceeds from the fresh issue will be used to fund its working capital requirements and general corporate purposes. ADVERTISEMENT The Bengaluru-based company introduced its 'BlueStone' brand in 2011 and has since grown into a leading name among jewellery retailers in the country. It has a network of 275 stores across 117 cities in 26 states and Union Territories, covering over 12,600 PIN codes across India as of March 31, 2025. The company operates three manufacturing facilities in Mumbai, Jaipur, and Surat. Axis Capital, IIFL Capital Services, and Kotak Mahindra Capital Company are the book-running lead managers to the issue. The equity shares are proposed to be listed on the BSE and NSE. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
14 hours ago
- Business
- Time of India
BlueStone Jewellery IPO subscribed 65% on Day 2
The initial public offer of BlueStone Jewellery and Lifestyle Ltd, which offers contemporary jewellery under its flagship brand 'BlueStone', got subscribed 65 per cent on the second day of share sale on Tuesday. The three-day IPO received bids for 1,07,81,214 shares against 1,65,14,421 shares on offer, according to data available with the NSE. Finance Value and Valuation Masterclass - Batch 4 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Finance Value and Valuation Masterclass - Batch 3 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals By Vaibhav Sisinity View Program Finance Value and Valuation Masterclass - Batch 2 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass Batch-1 By CA Himanshu Jain View Program by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Undo The Qualified Institutional Buyers (QIBs) portion got subscribed 85 per cent while the quota for Retail Individual Investors (RIIs) received 73 per cent subscription. The category for non-institutional investors fetched 23 per cent subscription. BlueStone Jewellery and Lifestyle on Friday raised over Rs 693 crore from anchor investors. The issue, with a price band of Rs 492-517 per share, will conclude on Wednesday. Live Events The initial public offer (IPO) involves a fresh issue of Rs 820 crore and offer-for-sale (OFS) of 1,39,39,063 equity shares worth Rs 720.65 crore, at the upper end of the price band. This aggregates the transaction size to Rs 1,540.65 crore. Those selling shares through the OFS include Kalaari Capital Partners II, LLC, Saama Capital II, Ltd., Sunil Kant Munjal (and other partners of Hero Enterprise Partner Ventures) and others. Proceeds from the fresh issue will be used to fund its working capital requirements and general corporate purposes. The Bengaluru-based company introduced its 'BlueStone' brand in 2011 and has since grown into a leading name among jewellery retailers in the country. It has a network of 275 stores across 117 cities in 26 states and Union Territories, covering over 12,600 PIN codes across India as of March 31, 2025. The company operates three manufacturing facilities in Mumbai, Jaipur, and Surat. Axis Capital , IIFL Capital Services , and Kotak Mahindra Capital Company are the book-running lead managers to the issue. The equity shares are proposed to be listed on the BSE and NSE.
News18
14 hours ago
- Business
- News18
BlueStone Jewellery IPO subscribed 65 pc on Day 2 of offer
Agency: PTI New Delhi, Aug 12 (PTI) The initial public offer of BlueStone Jewellery and Lifestyle Ltd, which offers contemporary jewellery under its flagship brand 'BlueStone', got subscribed 65 per cent on the second day of share sale on Tuesday. The three-day IPO received bids for 1,07,81,214 shares against 1,65,14,421 shares on offer, according to data available with the NSE. The Qualified Institutional Buyers (QIBs) portion got subscribed 85 per cent while the quota for Retail Individual Investors (RIIs) received 73 per cent subscription. The category for non-institutional investors fetched 23 per cent subscription. BlueStone Jewellery and Lifestyle on Friday raised over Rs 693 crore from anchor investors. The issue, with a price band of Rs 492-517 per share, will conclude on Wednesday. The initial public offer (IPO) involves a fresh issue of Rs 820 crore and offer-for-sale (OFS) of 1,39,39,063 equity shares worth Rs 720.65 crore, at the upper end of the price band. This aggregates the transaction size to Rs 1,540.65 crore. Those selling shares through the OFS include Kalaari Capital Partners II, LLC, Saama Capital II, Ltd., Sunil Kant Munjal (and other partners of Hero Enterprise Partner Ventures) and others. Proceeds from the fresh issue will be used to fund its working capital requirements and general corporate purposes. The Bengaluru-based company introduced its 'BlueStone' brand in 2011 and has since grown into a leading name among jewellery retailers in the country. It has a network of 275 stores across 117 cities in 26 states and Union Territories, covering over 12,600 PIN codes across India as of March 31, 2025. The company operates three manufacturing facilities in Mumbai, Jaipur, and Surat. Axis Capital, IIFL Capital Services, and Kotak Mahindra Capital Company are the book-running lead managers to the issue. The equity shares are proposed to be listed on the BSE and NSE. PTI SUM SUM SHW (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: August 12, 2025, 18:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
a day ago
- Business
- Time of India
P2P lenders' RBI plea; GenAI dreams draw dollars
Next P2P lenders' RBI plea; GenAI dreams draw dollars Want this newsletter delivered to your inbox? Also in the letter: P2P lenders look to RBI for regulatory relief Driving the news: Quick rewind: Also Read: Major players pull out: Loan book impact: India's GenAI startups rake in the moolah as investors double down Tell me more: Enterprise software players such as Fractal Analytics, AtomicWork and TrueFoundry are driving the surge, according to market research firm Venture Intelligence. Venture capital firm Elevation Capital has sharply increased its bets, closing 20 AI investments in the past two years, compared to its usual five to six annually, Krishna Mehra, AI partner at the firm, told us. Miles to go: Some of the largest deals in H1 2025 include OpenAI's mega $40 billion round, xAI's $10 billion raise, Databricks securing $5 billion, and Anthropic's $3.5 billion round led by Lightspeed Venture Partners. The US alone represented 97% of global deal value and 62% of deal count, the report added. Sponsor ETtech Top 5 & Morning Dispatch! Why it matters: The opportunity: Reach a highly engaged audience of decision-makers. Boost your brand's visibility among the tech-savvy community. Custom sponsorship options to align with your brand's goals. What's next: Pronto bags fresh capital at $45 million value Deal details: The latest funding was jointly led by General Catalyst and Glade Brook Capital. Existing backer Bain Capital Ventures also participated in the round. The round values Pronto at $45 million, or around Rs 394 crore. Expand footprint: Pronto plans to expand in Mumbai, Bengaluru, and other Indian metros over the next 18 months. The company intends to build micro-hubs in residential clusters to ensure rapid service. It will also hire and train 10,000 professionals, build quality-assurance systems, and introduce real-time operations technology. Rivals build war chests: Elivaas raises $10.4 million to fund expansion plans Graas to kick off AI upgrade with $9 million fresh capital Also Read: BlueStone IPO opens: Day 1 sees 39% subscription led by institutional buyers By investor class: Qualified institutional buyers (QIBs), who typically bid late, swept up 57% of their allocation. Retail investors picked up 38% of their allotment. Non-institutional investors took 4% of the shares on offer. Deal structure: Rs 820 crore in fresh issue. 1.39 crore shares in an offer-for-sale from existing investors, including Accel, Saama, Kalaari, Iron Pillar, and Sunil Kant Munjal. At the top price band, BlueStone commands a valuation of Rs 7,823 crore. Financials: Also Read: Keeping Count Other Top Stories By Our Reporters Awfis' 3x profit surge: Daily needs top UPI usage in July: Global Picks We Are Reading Happy Tuesday! P2P lenders are hoping for some respite from India's central bank amid regulatory squeeze. This and more in today's ETtech Morning Dispatch.■ Ettech Done Deals■ BlueStone IPO opens■ Awfis' Q1 report cardPeer-to-peer (P2P) lending platforms are knocking on the Reserve Bank of India (RBI) door, seeking relief as the sector grapples with stringent rules that have gutted under management (AUM) by P2P lenders have collapsed to Rs 1,500 crore from nearly Rs 10,000 crore a year ago, industry executives told us.P2P lending first came under formal regulation in 2017. The real squeeze, however, began late last year when the RBI tightened norms and issued changes upended business models, disrupted partnerships with big fintechs and forced several platforms to shrink or shut lending leaders Faircent and Liquiloans have almost stopped fresh disbursals. LenDenClub retooled its operations and is cautiously trying to rebuild after nearly a year of battling the new fresh disbursals drying up, bad loans are now in full view. Industry estimates suggest nearly 20% of loans are overdue beyond 90 to the pain, the RBI's T+1 settlement rule has led to a lot of capital remaining generative artificial intelligence (GenAI) startups are firmly in the spotlight, pulling in $524 million in funding in the first seven months of 2025. That's four times the $129 million raised in 2021, and comfortably ahead of the $475 million total for all of last pace mirrors a global investment wave, though India's numbers still pale in comparison. Worldwide, GenAI startups raised $49.2 billion in the first half of 2025, up from $44.2 billion for all of 2024, according to a recent EY Ireland Top 5 and Morning Dispatch are must-reads for India's tech and business leaders, including startup founders, investors, policy makers, industry insiders and Reach out to us at spotlightpartner@ to explore sponsorship Sardana, CEO, ProntoHome services startup Pronto has raised $11 million (approximately Rs 96 crore) as it flipped back to quick home services sector is warming up. Urban Company filed documents in April for a Rs 1,900-crore initial public offering . In May, Mumbai-based Snabbit secured $19 million in a funding round led by Lightspeed, with expansion on its Miglani and Ritwik Khara, cofounders, ElivaasLuxury vacation rental platform Elivaas raised $10.4 million (Rs 87 crore) in a funding round led by Vertex Ventures Southeast Asia and India. Existing investors Peak XV Partners and venture firm 3one4 Capital also participated in the company will deploy the funds to expand into the Indian market and build a global Bhatia, CEO, Graas AIEcommerce technology company Graas AI secured $9 million in a funding round led by venture capital fund Tin Men Capital. Other investors participating in the round include Incred Wealth, Orzon, Integra Partners, and Yuj will use the funds to build a stack of AI agents to replace brands' fragmented dashboards, disconnected tools, and manual Singh Kushwaha, CEO, BluestoneOmnichannel jewellery retailer BlueStone's Rs 1,541 crore initial public offering (IPO) was subscribed 39% on the first day of the issue's launch, with institutional buyers leading the charge. The grey market premium (GMP) was Rs 9, signalling a modest 1.74% gain on the upper price band of Rs issue closes on August surged to Rs 1,770 crore in FY25 from Rs 771 crore in FY23, a CAGR of about 52%. Losses widened to Rs 222 crore as the company poured money into store rollouts and marketing, though gross margins improved to 37.94%.As ET had reported last week, BlueStone had trimmed the size of its fresh issue component from Rs 1,000 crore to Rs 820 company, which had initially targeted a valuation of over Rs 10,000 crore, has adapted to current market sentiment and is now going public at a lower Ramani, MD, AwfisCoworking space provider Awfis Space Solutions reported a threefold rise in the net profit for the April-June quarter to Rs 10 crore against a 30% jump in operating revenue to Rs 335 crore, driven by sustained demand and healthy occupancy levels across its and supermarkets were the top category by transaction volume on the Unified Payments Interface (UPI) in July, clocking 3.03 billion payments worth Rs 64,882 crore, per National Payments Corporation of India (NPCI) data.■ Behind the Curtain: Your smarter fake friends ( Axios ■ GitHub just got less independent at Microsoft after CEO resignation ( The Verge ■ These countries want to be the next big semiconductor hubs ( Rest of World
Time of India
2 days ago
- Business
- Time of India
MeitY plots data leap; BlueStone IPO opens
MeitY plots data leap; BlueStone IPO opens Also in the letter: MeitY reboots data centre policy after five years Driving the news: Why now: Even with infrastructure status granted to facilities above 5 MW, building a data centre still needs over 30 separate approvals, slowing expansion. MeitY is reviewing 10 state-level policies to simplify permissions and align incentives. The big picture: BlueStone IPO opens to lukewarm interest; early subscription at just 39% By investor class: Qualified institutional buyers (QIBs), who typically bid late, swept up 57% of their allotted shares. Retail investors picked up 38% of their allotment. Non-institutional investors took just 4%. Deal structure: Rs 820 crore in fresh issue 1.39 crore shares in an offer-for-sale from existing investors, including Accel, Saama, Kalaari, Iron Pillar, and Sunil Kant Munjal At the top price band, BlueStone commands a valuation of Rs 7,823 crore. Financials: Also Read: Sponsor ETtech Top 5 & Morning Dispatch! Why it matters: The opportunity: Reach a highly engaged audience of decision-makers. Boost your brand's visibility among the tech-savvy community. Custom sponsorship options to align with your brand's goals. What's next: Awfis profit rises threefold in Q1 Financials: Net profit: Rs 10 crore (Rs 3 crore last year). Sequential change: down 11% from January-March (Rs 11 crore). Total expenses: Rs 343 crore (up from Rs 265 crore a year earlier) Operating Ebitda: Rs 127 crore, up 60% year-on-year. Company's take: Yes, and: CEO Sumit Lakhani said around 18,000 seats had been signed and were said to be taken up in the second and third quarters. Axiom Space deepens India partnership What's next: Cost factor: Why it matters: Zoom out: Nvidia, AMD to pay US 15% on AI chip sales to China Driving the news: The big deal: Nvidia can now export its 'H20' chips, built to meet US export control limits. AMD also gets the green light to sell its MI308 chips. The US government could collect more than $2 billion via this arrangement, the New York Times reported. Why it's unusual: The move also represents a quick U-turn by the Trump administration, which had banned the exports of these chips to China in April. Market context: India's IT ministry has resumed discussions on a national data centre policy after five years. This and more in today's ETtech Top 5.■ Awfis Q1 earnings report■ Axiom's India flight■ Washington cashes on chipsThe Ministry of Electronics and IT (MeitY) has revived plans for a national data centre policy , first proposed in 2020, but never rolled out. Last week, officials met a select group of industry stakeholders in New Delhi, with feedback due this draft policy outlines faster single-window clearances, incentives for domestic hardware manufacturing, and four dedicated Data Centre Economic Zones (DCEZs). The aim is to spread capacity beyond Mumbai, Chennai, and Delhi-NCR, which together account for 80% of India's current 1,263 MW.A surge in AI adoption is driving demand for high-capacity, low-latency facilities. Colliers India estimates capacity will cross 4,500 MW by 2030, supported by $20–25 billion in new aims to establish itself as a global hub for AI and cloud services. Industry executives believe the DCEZ model, when combined with hyperscalers, cloud providers, R&D units, and edge facilities, could serve as a catalyst for scale and Jewellery and Lifestyle's Rs 1,541 crore initial public offering (IPO) made a slow start on Monday , drawing just 39% subscription by the end of the day. The grey market premium (GMP) was Rs 9, signalling a modest 1.74% gain on the upper price band of Rs offer closes on August surged to Rs 1,770 crore in FY25 from Rs 771 crore in FY23, a CAGR of about 52%. Losses widened to Rs 222 crore as the company poured money into store rollouts and marketing, though gross margins improved to 37.94%.As ET had reported last week, BlueStone had trimmed its issue size from the Rs 1,000 crore fresh issue originally planned to Rs 820 Top 5 and Morning Dispatch are must-reads for India's tech and business leaders, including startup founders, investors, policy makers, industry insiders and Reach out to us at spotlightpartner@ to explore sponsorship workspace provider Awfis Space Solutions posted a sharp rise in quarterly earnings, with net profit for April-June tripling and managing director Amit Ramani attributed the margin lift to 'better occupancy, enhanced operating leverage, improved cost efficiencies, and disciplined execution across segments' during an analyst call on now runs 220 co-working centres with more than 1.4 lakh seats spanning 7.1 million (71 lakh) sq ft across 18 cities. Its client base is spread across more than 3,200 active off the Axiom-4 mission that flew Indian astronaut Shubhanshu Shukla to the International Space Station (ISS), US-based Axiom Space is doubling down on its India bet CEO Tejpaul Bhatia told us the collaboration spans future human crewed missions, a possible Indian role in Axiom's private space station, and even joint work on advanced 2027, Axiom plans to bolt its first module onto the ISS, and then add one each year. The aim is to operate solo before the ISS is retired in 2031. The first phase will host eight a pilot astronaut seat costs about $70 million; a mission specialist seat is $65 million. Bhatia states that India's increasing space influence makes it a natural partner in the emerging 'new space economy'.India is positioning itself as the fourth space superpower, after moon and sun missions, rising satellite launches, and now an astronaut on the ISS. Bhatia described Axiom's relationship with India as 'powerful', 'valuable', and 'much larger than any one mission.'Seats for its 2027 mission are selling three years in advance. Some future missions, Bhatia added, will have Indian connections, though details are still under an unusual and somewhat unprecedented arrangement, chipmaking giants Nvidia and AMD will hand over 15% of revenue from AI chip sales to China to the US government, according to multiple media deal, struck in a White House meeting between Nvidia CEO Jensen Huang and President Donald Trump, clears the way for Commerce Department licences to sell toned-down AI chips to Chinese revenue-sharing from corporate exports is rare in US trade policy. It comes alongside tariffs of up to 100% on semiconductor imports, with exemptions for companies making substantial domestic now the first firm to hit a $4 trillion market cap , still counts China as a key AI market despite Washington's continued curbs on high-end chips. The move shows how market access has become a bargaining chip (no puns intended) in the geopolitical fight over AI supply chains.
