BlueStone Jewellery and Lifestyle's Initial Public Offering (IPO) comes to an end today

BlueStone Jewellery and Lifestyle's Initial Public Offering (IPO) comes to an end today

Published on August 11, 2025

The Bluestone Jewellery IPO, which commenced on August 11, 2025, and will close on August 13, 2025, is set to raise approximately ₹1,540.65 crore. This public offering consists of a fresh issue of about 1.59 crore shares worth ₹820 crore and an offer for sale (OFS) of around 1.39 crore shares worth ₹720.65 crore. The IPO price band has been set between ₹492 and ₹517 per share.

Subscription Status

The Bluestone Jewellery IPO has garnered strong interest from investors, with a subscription rate of 2.72 times on the final day. The Qualified Institutional Buyers (QIBs) portion was subscribed 4.25 times, while retail investors subscribed 1.38 times. Non-Institutional Investors (NII) subscribed 0.57 times.

Allocation and Utilization of Funds

Details of the actual allocation by category will be finalized after the allotment date, which is scheduled for August 14, 2025. The IPO share quota is divided between fresh issuance and OFS shares, with the retail portion reserved proportionally. The company aims to raise ₹820 crore through the fresh issue, which will likely be used for business expansion, working capital, and debt repayment. The OFS component (₹720.65 crore) is a secondary sale from existing shareholders, with the proceeds going to the selling shareholders, not the company.

Key Dates

• The IPO allotment is scheduled for August 14, 2025.
• Refund initiation and share credit will take place on August 18, 2025.
• The listing date for the equity shares is set for August 19, 2025, on both the BSE and NSE.

Investors can bid for a minimum of 29 equity shares, with not less than 75% of the net offer available for allocation to QIBs and not more than 15% for NIIs. Not more than 10% of the offer will be available for allocation to retail individual investors.

The Bluestone Jewellery IPO has attracted anchor investors such as Amansa Holdings Pvt Ltd, SBI Life Insurance, Nippon India Mutual Fund, Goldman Sachs, Aditya Birla SunLife MF, HDFC Life Insurance Co Ltd, Societe Generale, Mirae Asset Small Cap Fund, DSP India MF, Amundi Funds New Silk Road, PGIM India MF, ACM Global Fund VCC, and Axis Mutual Fund. These investors have been allotted a total of 1,34,09,910 shares at ₹517 a share.

BlueStone operates three manufacturing units located in Mumbai, Jaipur, and Surat. The equity shares will be listed on both the BSE and NSE, with Axis Capital Ltd, IIFL Capital Services Ltd, and Kotak Mahindra Capital Company Ltd serving as book-running lead managers. The public issue of BlueStone Jewellery and Lifestyle Ltd is closing today for public subscription.

1. The Bluestone Jewellery IPO intends to utilize the funds raised, primarily for business expansion, working capital, and debt repayment, while the proceeds from the offer for sale (OFS) component will go to the selling shareholders, not the company.
2. After the IPO allotment on August 14, 2025, investors can expect the refund initiation and share credit to commence on August 18, 2025, with the equities starting trading on August 19, 2025, on both the BSE and NSE.
3. To participate in the Bluestone Jewellery IPO, investors can bid for a minimum of 29 equity shares, with a maximum allocation of 10% for retail individuals, not more than 15% for non-institutional investors, and at least 75% reserved for qualified institutional buyers.

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