Latest news with #BlueStoneJewellery
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Business Standard
2 hours ago
- Business
- Business Standard
BlueStone Jewellery IPO makes poor debut; shares list at 1% discount
BlueStone Jewellery IPO listing today, August 19, 2025: Shares of jewellery maker and owner of flagship brand BlueStone, BlueStone Jewellery & Lifestyle, made a disappointing debut on the stock exchanges on Tuesday, August 19, 2025. BlueStone Jewellery shares listed at ₹510 per share on the National Stock Exchange (NSE), reflecting a discount of ₹7 or 1.32 per cent against the IPO issue price of ₹517. On the BSE, BlueStone shares listed at a discount of ₹8.20 or 1.59 per cent at ₹508.80 per share. The listing of the BlueStone Jewellery IPO came almost in line with grey market estimates, where the sentiment was lacklustre. Ahead of the listing, the company's unlisted shares were trading almost flat in the grey market. The shares were quoted exchanging hands at around ₹519 each, reflecting a premium of merely ₹2, or 0.39 per cent, over the issue price, according to sources tracking grey market activity. BlueStone Jewellery IPO details BlueStone Jewellery IPO comprises a fresh issue of 15.9 million equity shares aggregating to ₹820.00 crore and an offer for sale of 13.9 million shares worth ₹720.65 crore. The public issue was offered at a price band of ₹492–₹517 per share, with a lot size of 29 shares, from Monday, August 11, 2025, to Wednesday, August 13, 2025. The company set the issue price at ₹517 when the basis of allotment was finalised on Thursday, August 14, 2025. BlueStone Jewellery received decent participation from investors, getting oversubscribed by 2.70 times, riding on the back of Qualified Institutional Buyers (QIBs), who oversubscribed their reserved category by 4.28 times. Retail investors overbooked their quota by 1.35 times. Meanwhile, the quota reserved for non-institutional investors remained undersubscribed, as it was booked only 55 per cent, according to NSE data. The company will not receive any proceeds from the OFS, and the proceeds received from the it will not form part of the net proceeds. "Each of the selling shareholders will be entitled to their respective portion of the proceeds of the OFS, in proportion to the equity shares offered by the respective selling shareholders, after deducting their proportion of offer-related expenses and applicable taxes," said the company in its Red Herring Prospectus (RHP). However, the company will utilise the proceeds from the fresh issue for funding its working capital requirements and for general corporate purposes. About BlueStone Jewellery and Lifestyle BlueStone Jewellery and Lifestyle Limited was incorporated in 2011 and offers diamond, gold, platinum, and studded jewelry under its flagship brand 'BlueStone'. The company has a wide range of products, including rings, earrings, and pendants, with over 7,400 designs and 91 collections. BlueStone retails its products through its website, mobile app, and pan-India network of 275 stores. The company has in-house manufacturing facilities in Mumbai, Jaipur, and Surat, producing over 75% of its jewelry. BlueStone's design team includes 23 in-house designers, and it operates across 117 cities in India.
Mint
5 hours ago
- Business
- Mint
BlueStone Jewellery IPO listing today. GMP, experts signal muted debut of shares in stock market today
BlueStone Jewellery IPO Listing: BlueStone Jewellery and Lifestyle shares will be listed in the Indian stock market today. The initial public offering (IPO) of the jewellery maker received decent demand and investors now watch out for BlueStone Jewellery share listing today. BlueStone Jewellery IPO listing date is today, August 19, and BlueStone Jewellery shares will be listed on both the stock exchanges, BSE and NSE. 'Trading Members of the Exchange are hereby informed that effective from Tuesday, August 19, 2025, the equity shares of BlueStone Jewellery and Lifestyle Limited shall be listed and admitted to dealings on the Exchange in the list of 'B' Group of Securities,' a notice on the BSE said. BlueStone Jewellery shares will be a part of Special Pre-open Session (SPOS) on Tuesday, August 19, 2025, it added, and the stock will be available for trading from 10:00 AM. Ahead of the BlueStone Jewellery IPO listing today, investors look for the trends in the grey market premium (GMP) to gauge the estimated listing price. BlueStone Jewellery IPO GMP today and analysts indicate a muted debut of shares on BSE and NSE today. BlueStone Jewellery shares are commanding a muted GMP today. Market experts said that BlueStone Jewellery IPO GMP today is ₹ 2 per share. This indicates that in the grey market, the BlueStone Jewellery shares are trading higher by ₹ 2 than their issue price. BlueStone Jewellery IPO GMP today signals that the estimated listing price of the shares would be ₹ 519 apiece, which at a premium of 0.39% to the IPO of ₹ 517 per share. Analysts also expect BlueStone Jewellery shares to list with a modest premium in the stock market today. 'BlueStone Jewellery IPO listing arrives at the intersection of scale and scrutiny. The brand has established a formidable omni-channel presence, with over 275 stores complementing its digital-first identity. Yet, the market response leading into the IPO underscores a clear divergence between revenue visibility and profitability conviction,' said Bhavik Joshi Business Head, INVasset PMS. He believes BlueStone Jewellery share listing may settle at fair or modest premiums, but the real test begins after the bell. Despite strong topline momentum over the last three years, BlueStone's widening net losses and subdued margin profile have created hesitancy among discerning investors. 'The company's positioning as a design-led player in lifestyle jewellery is compelling from a brand standpoint, but markets now favour narratives backed by operational efficiency and cashflow clarity. While institutional demand eventually supported the book, the relatively mild grey market signals and lukewarm retail participation are not signs of euphoric listing expectations,' Joshi added. This is symptomatic of a broader shift in equity markets. Investors are no longer captivated by scale alone — they are searching for signals of sustainable economics, he added. The IPO commenced for public subscription on Monday, August 11, and concluded on Wednesday, August 13, while the IPO allotment date was August 14. BlueStone Jewellery IPO listing date is today, August 19, and the equity shares will be listed on BSE and NSE. The company raised ₹ 1,540.65 crore from the book-building issue at the upper-end of the IPO price band of ₹ 492 to ₹ 517 per share. The IPO was a combination of fresh issue of 1.59 crore equity shares worth ₹ 820 crore, and offer-for-sale (OFS) of 1.39 crore shares amounting to ₹ 720.65 crore. BlueStone Jewellery IPO was subscribed 2.70 times in total, NSE data showed. The Retail Individual Investors (RIIs) category was booked 1.35 times, while the Non Institutional Investors (NII) portion was subscribed 55%. The Qualified Institutional Buyers (QIBs) category received 4.28 times subscription. Axis Capital is the book running lead manager and Kfin Technologies is the BlueStone Jewellery IPO registrar. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Hans India
20 hours ago
- Business
- Hans India
BlueStone Jewellery IPO GMP Today
BlueStone Jewellery and Lifestyle Ltd shares are set to debut on the stock market on Tuesday, August 18, and will be listed on both BSE and NSE. The IPO, open from August 11 to 13, received a good response. The allotment was finalised on August 14. Grey Market Premium (GMP) Today: BlueStone Jewellery shares are currently trading at ₹0 GMP, meaning the unlisted shares are expected to list at the IPO price of ₹517 per share. No premium or discount is being seen in the grey market. IPO Details: Price Band: ₹492 – ₹517 per share Total Funds Raised: ₹1,540.65 crore Fresh Issue: ₹820 crore Offer for Sale: ₹720.65 crore Subscription: 2.7 times overall Retail Investors: 1.35 times Non-Institutional Investors: 55% Qualified Institutional Buyers: 4.28 times Investors are keeping an eye on the GMP to estimate the listing price, and today it signals the shares should open around ₹517.
Mint
20 hours ago
- Business
- Mint
BlueStone Jewellery IPO listing date tomorrow. Here's what GMP signals about the debut of shares on Dalal Street
BlueStone Jewellery IPO Listing: The equity shares of jewellery maker BlueStone Jewellery and Lifestyle Ltd are set to make their Dalal Street debut on Tuesday. The initial public offering (IPO) of the company received decent response and investors now focus on BlueStone Jewellery IPO listing date. The public issue was open from August 11 to 13, and the IPO allotment was finalised on August 14. BlueStone Jewellery IPO listing date is tomorrow, August 18. BlueStone Jewellery shares will be listed on both the stock exchanges, BSE and NSE. 'Trading members of the Exchange are hereby informed that the equity shares of BlueStone Jewellery and Lifestyle Limited shall be listed and admitted to dealings on the Exchange in due course,' a notice on the BSE said. Ahead of the BlueStone Jewellery IPO listing tomorrow, investors watch out for the trends in the grey market premium (GMP) to gauge the estimated listing price. Here's what BlueStone Jewellery IPO GMP today ahead of the listing signals. The trends for BlueStone Jewellery shares in the unlisted market remains muted, with no grey market premium (GMP). BlueStone Jewellery IPO GMP today is ₹ 0 per share, market experts said. This indicates that in the grey market, the BlueStone Jewellery shares are trading at par to their issue price, without any premium or discount. BlueStone Jewellery IPO GMP today signals that the estimated listing price of the shares would be ₹ 517 apiece, which is equal to the IPO of ₹ 517 per share. The bidding for the IPO was open from Monday, August 11, to Wednesday, August 13, while the IPO allotment date was August 14. BlueStone Jewellery IPO listing date is August 19, and the equity shares will be listed on BSE and NSE. BlueStone Jewellery IPO price band was set at ₹ 492 to ₹ 517 per share. The company raised ₹ 1,540.65 crore from the book-building issue which was a combination of fresh issue of 1.59 crore equity shares worth ₹ 820 crore, and offer-for-sale (OFS) of 1.39 crore shares amounting to ₹ 720.65 crore. BlueStone Jewellery IPO was subscribed 2.70 times in total, according to NSE data. The Retail Individual Investors (RIIs) category was booked 1.35 times, while the Non Institutional Investors (NII) portion was subscribed 55%. The Qualified Institutional Buyers (QIBs) category received 4.28 times subscription. Axis Capital is the book running lead manager and Kfin Technologies is the BlueStone Jewellery IPO registrar. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
6 days ago
- Business
- Time of India
BlueStone Jewellery IPO subscribed 2.7 times on Day 3; GMP slips below 1%. Check key details
Academy Empower your mind, elevate your skills BlueStone Jewellery IPO GMP Today: BlueStone Jewellery IPO Subscription Status: BlueStone Jewellery IPO – Key Highlights BlueStone Jewellery Financial Overview SBI Securities Recommendation: SUBSCRIBE for the Long Term BlueStone Jewellery and Lifestyle's Rs 1,541 crore IPO has been subscribed 2.7 times overall as per the latest update on the third and final day of Rs 1,540.65-crore initial public offer (IPO) received bids for 4,46,20,386 shares against 1,65,14,421 shares on offer, as per NSE Qualified Institutional Buyers (QIBs) portion fetched 4.28 times subscription, while Retail Individual Investors (RIIs) portion got 1.35 times subscription. Non Institutional Investors part, however, received 55 per cent the grey market, the response to the issue has been lukewarm, with the IPO trading at a modest premium of just 0.4% over its issue price of Rs 517 per latest Grey Market Premium (GMP) for BlueStone Jewellery's IPO is hovering between Rs 2-4 above the issue price of Rs 517 per share. This points to a potential listing price of around Rs 520, implying a modest estimated gain of about 0.4% per it's important to remember that the Grey Market Premium (GMP) reflects sentiment and demand in an unofficial, unregulated market where shares trade before of 10:10 AM on Day 2, BlueStone Jewellery's IPO has achieved an overall subscription rate of 66% on the stock exchanges, reflecting a moderate level of investor interest so Individual Investors (RIIs) have subscribed to 77% of their allotted 30.60 lakh shares. This indicates a cautious but noticeable participation from smaller investors, suggesting a measured confidence in the offering. Non-Institutional Investors (NIIs)—which include high-net-worth individuals and corporate investors—have subscribed to only 23% of the 45.90 lakh shares allocated to them. This shows a slower uptake from larger investors at this the Qualified Institutional Buyers (QIBs), comprising mutual funds, insurance companies, and other institutional players, have demonstrated relatively stronger interest, subscribing to 85% of their 88.62 lakh share Jewellery has announced its initial public offering (IPO) with a price band ranging from Rs 492 to Rs 517 per share. At the upper limit of this band, the company's valuation is estimated to be around Rs 7,823 of the IPO launch, BlueStone secured Rs 693 crore from anchor company aims to raise up to Rs 1,541 crore through the IPO, which includes a fresh equity issue worth Rs 820 crore and an offer for sale (OFS) of up to 1.39 crore shares by existing shareholders. Key participants in the OFS include Accel India III (Mauritius), Saama Capital II, Kalaari Capital Partners, Iron Pillar funds, and Sunil Kant Munjal of Hero can apply for a minimum of 29 shares and in multiples thereafter. The issue allocation is divided as 75% for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 10% for Retail Investors. BlueStone's shares will be listed on both the BSE and NSE, with the listing date set for August in Bengaluru, BlueStone is a digital-first, omni-channel jewellery retailer offering an extensive collection of diamond, gold, platinum, and studded has demonstrated robust revenue growth, with operating income rising at a compound annual growth rate (CAGR) of nearly 52%, from Rs 771 crore in FY23 to Rs 1,770 crore in FY25. However, it reported a net loss of Rs 222 crore in FY25, up from a Rs 14 crore loss in FY24, primarily due to increased marketing expenses and store raised from the fresh issue will mainly support working capital requirements of Rs 750 crore, with the remainder allocated toward general corporate purposes. IIFL Capital Services , and Kotak Mahindra Capital are the book-running lead managers for the IPO, while Kfin Technologies will serve as the has solidified its position as a leading omnichannel jewellery retailer in India, commanding a notable 28–32% share of the omnichannel casual jewellery market. Its strong focus on design innovation and superior product quality has helped maintain healthy gross margins. Additionally, the company's repeat revenue ratio rose to 44.6% in FY25 from 34.7% in FY23, indicating growing customer loyalty and the upper price band of Rs 517 per share, BlueStone is valued at 4.5x EV/Sales, which is a premium compared to its publicly listed competitors. Nevertheless, its aggressive store expansion over the last two years, coupled with a proven track record of steady revenue growth, positions the company well to capitalise on the rapidly growing, high-margin lightweight jewellery newer stores mature and their sales align with the system-wide average, profitability is expected to improve. Considering these factors, we advise investors to SUBSCRIBE to the IPO at the cut-off price with a long-term investment outlook, the brokerage said.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
