Latest news with #Bluestone
Time of India
2 days ago
- Business
- Time of India
Bluestone's IPO sees 39% subscription on first day
Omnichannel jewellery retailer Bluestone 's initial public offering (IPO), which opened on August 11, was subscribed 39% on the first to data sourced from the BSE, investors bid for 6.3 million shares against the 16.5 million on offer. The retail category was subscribed 38%, while non-institutional investors (NIIs) subscribed to 4% of their institutional buyers (QIBs) bid for five million shares out of the 8.8 million reserved for IPO, which aims to raise up to Rs 1,540.6 crore through a fresh issue and an offer-for-sale (OFS), will remain open for public bidding till August 13 at a price band of Rs 492-517 shares are expected to be listed on the Indian stock exchanges on August Bengaluru-based company has trimmed its issue size in the revised red herring prospectus, now aiming to raise Rs 820 crore in primary capital, compared with the Rs 1,000 crore planned earlier. The OFS portion has also been reduced to 13.9 million shares from 24 million earlier. Venture capital firms Accel , Kalaari Capital, Iron Pillar Fund, and Hero Group's Sunil Kant Munjal will sell fewer shares than initially planned, while IvyCap Ventures, which had proposed to offload 3.1 million shares, will no longer participate in the OFS. Axis Capital , IIFL Capital, and Kotak Mahindra Capital are the bankers to the June, ET reported that private wealth managers 360 One and Centrum Wealth facilitated secondary share sales worth Rs 300-350 crore in the company, prior to its public the fiscal year ended March 2025, Bluestone reported a 40% increase in operating revenue to Rs 1,770 crore, while its net loss widened to Rs 222 crore during the period, compared to Rs 142 crore in jewellery segment has been witnessing heightened investor interest in recent years, particularly after Tata Group's full acquisition of CaratLane at a valuation of Rs 17,000 crore. The conglomerate first invested in the company in 2016, when it was valued at Rs 563 jewellery startup Giva , which specialises in silver products, is in talks to raise Rs 450 crore ($53 million) in a round led by Creaegis, with participation from Premji Invest, Epiq Capital, and others.
Economic Times
2 days ago
- Business
- Economic Times
Bluestone's IPO sees 39% subscription on first day
Omnichannel jewellery retailer Bluestone's initial public offering (IPO), which opened on August 11, was subscribed 39% on the first to data sourced from the BSE, investors bid for 6.3 million shares against the 16.5 million on offer. The retail category was subscribed 38%, while non-institutional investors (NIIs) subscribed to 4% of their quota. Qualified institutional buyers (QIBs) bid for five million shares out of the 8.8 million reserved for them. The IPO, which aims to raise up to Rs 1,540.6 crore through a fresh issue and an offer-for-sale (OFS), will remain open for public bidding till August 13 at a price band of Rs 492-517 apiece. The shares are expected to be listed on the Indian stock exchanges on August Bengaluru-based company has trimmed its issue size in the revised red herring prospectus, now aiming to raise Rs 820 crore in primary capital, compared with the Rs 1,000 crore planned earlier. The OFS portion has also been reduced to 13.9 million shares from 24 million earlier. Venture capital firms Accel, Kalaari Capital, Iron Pillar Fund, and Hero Group's Sunil Kant Munjal will sell fewer shares than initially planned, while IvyCap Ventures, which had proposed to offload 3.1 million shares, will no longer participate in the OFS. Axis Capital, IIFL Capital, and Kotak Mahindra Capital are the bankers to the issue. In June, ET reported that private wealth managers 360 One and Centrum Wealth facilitated secondary share sales worth Rs 300-350 crore in the company, prior to its public the fiscal year ended March 2025, Bluestone reported a 40% increase in operating revenue to Rs 1,770 crore, while its net loss widened to Rs 222 crore during the period, compared to Rs 142 crore in jewellery segment has been witnessing heightened investor interest in recent years, particularly after Tata Group's full acquisition of CaratLane at a valuation of Rs 17,000 crore. The conglomerate first invested in the company in 2016, when it was valued at Rs 563 crore. Omnichannel jewellery startup Giva, which specialises in silver products, is in talks to raise Rs 450 crore ($53 million) in a round led by Creaegis, with participation from Premji Invest, Epiq Capital, and others.
Yahoo
3 days ago
- Sport
- Yahoo
More than 350 athletes tackle Pembrokeshire triathlon
A team of colleagues from Bluestone took first place in the relay category at this year's Bluestone Pembrokeshire Coast Triathlon. The event, held in Broad Haven and sponsored by Bluestone National Park Resort, saw more than 350 athletes tackle a 1.5km sea swim, a 42km bike ride, and a 10km run through the Pembrokeshire countryside on Sunday, July 27. Bethan Rees, head of marketing at Bluestone, said: "The triathlon not only provides great sporting entertainment but also boosts Pembrokeshire's profile by attracting participants and supporters from across the UK. "Such events provide important economic and social value to the area, including health and wellbeing benefits. "We're pleased to have some of our colleagues competing as well and hope everyone had a great day, whether they were taking part, volunteering or spectating." Founded in 1994, the triathlon is one of the oldest in Wales and draws a diverse field of athletes, including relay teams of varying abilities and experience. This year's winning relay team from Bluestone included Travis Christopher-Mullin, Carys Ratcliffe and James McNamara. They completed the course in 2:39:48, finishing just over two minutes ahead of the second-placed Broomhill Cottages team. James McNamara, director of programme and product development at Bluestone, said: "It was a great event, well organised and supported. "It's a great feeling to take part in a triathlon, especially in our home county of Pembrokeshire. "The support of visitors helps push you on over the course, as well as the amazing volunteers. "A big thank you to all involved." The Bluestone team was also supported by colleagues who volunteered at the event. David Astins, race director for Pembrokeshire Triathlon Club, said: "Once again we were pleased to have the support of Bluestone. "It has enabled us to put on a quality event at a great price, organised to the highest standards, working alongside a large number of volunteers who all play an instrumental role in it. "Additionally, the event is a great way to highlight the best of Pembrokeshire in addition to supporting the local economy and local community." The overall male winner was Iwan Frowley, who finished in 2:08:35. The fastest female was Emma Palfrey, who completed the race in 2:32:37.
Economic Times
05-08-2025
- Business
- Economic Times
Accel-backed Bluestone Jewellery cuts India IPO size
India's Bluestone Jewellery and Lifestyle has trimmed the size of its initial public offering, a prospectus showed on Tuesday. ADVERTISEMENT The Accel India-backed company will now issue fresh shares worth 8.2 billion rupees (about $93 million), down from 10 billion rupees earlier. Its existing shareholders, including venture capital firms Accel India and Kalaari Capital, will now sell 13.9 million shares in the offering, lower than the 24 million shares proposed earlier. Bluestone will launch the IPO on August 11 and close bids on August 13. Anchor investors will bid for the share sale on August 8. The jeweller was seeking a valuation of at least 120 billion rupees ($1.37 billion) in the IPO, Reuters reported in December, citing sources. The overall IPO size was slated to be around 30 billion rupees, the sources had said. The company may consider issuing specified securities, in consolidation with bookrunning lead managers, aggregating up to 2 billion rupees in pre-IPO placement, its draft prospectus from December said. ADVERTISEMENT The company, which sells diamond, gold, platinum and studded jewellery, competes with Titan, Kalyan Jewellers and Tribhovandas Bhimji Zaveri among listed firms in India. Proceeds from the offering will be used to fund working capital requirements and general corporate purposes, the Bluestone prospectus showed. ADVERTISEMENT Axis Capital, IIFL Capital and Kotak Mahindra Capital are its bookrunning lead managers. ($1 = 87.7790 Indian rupees) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Reuters
05-08-2025
- Business
- Reuters
Accel-backed Bluestone Jewellery cuts India IPO size
Aug 5 (Reuters) - India's Bluestone Jewellery and Lifestyle ( opens new tab reduced the size of its initial public offering (IPO), a prospectus showed on Tuesday. The Accel India-backed company will now issue fresh shares worth 8.2 billion rupees (about $93 million), down from 10 billion rupees earlier. Its existing shareholders, including venture capital firms Accel India and Kalaari Capital, will now sell 13.9 million shares in the offering, lower than the 24 million shares proposed earlier. The jeweller was seeking a valuation of at least 120 billion rupees ($1.37 billion) in the IPO, Reuters reported in December, citing sources. The overall IPO size was slated to be around 30 billion rupees, the sources had said. The company, which sells diamond, gold, platinum and studded jewellery, competes with Titan ( opens new tab, Kalyan Jewellers ( opens new tab and Tribhovandas Bhimji Zaveri ( opens new tab among listed firms in India. Proceeds from the offering will be used to fund working capital requirements and general corporate purposes, the Bluestone prospectus showed. Axis Capital, IIFL Capital and Kotak Mahindra Capital are its bookrunning lead managers. ($1 = 87.7790 Indian rupees)
