Bluestone Jewelry and Lifestyle's Initial Public Offering begins its second day today
Bluestone Jewellery & Lifestyle Ltd's IPO Update
Bluestone Jewellery & Lifestyle Ltd's initial public offering (IPO) is currently underway, having entered its second day. The IPO, announced on August 11, 2025, comprises a fresh issue of shares up to ₹820 crore and an Offer for Sale (OFS) of approximately ₹720.65 crore.
The price band for the offer has been set at ₹492-₹517 per share, with a minimum lot size of 29 shares. The funds raised from the fresh issue will primarily be used for funding the company's working capital requirements and general corporate purposes.
As of the latest updates, BlueStone Jewellery & Lifestyle received ₹693.29 crore from anchor investors on the first day of the IPO. However, the identities of these anchor investors have not been disclosed yet. Typically, anchor investors are revealed before or on the day of the IPO allotment, but as of August 19, 2025, no specific list or names have been found.
The manufacturing units of BlueStone are located in Mumbai, Jaipur, and Surat. On the first day of the IPO, it was subscribed 0.39 times.
Sellers in the offer-for-sale include Kalaari Capital Partners II, Saama Capital II, Sunil Kant Munjal, and other Hero Enterprise Partner Ventures partners. A total of 36,56,871 equity shares were allocated to six domestic mutual funds through 11 schemes, accounting for 27.27% of the total anchor book.
Not more than 10% of the offer will be available for allocation to retail individual investors. Some of the marquee institutions that participated in the anchor investment include Axis Capital Ltd, IIFL Capital Services Ltd, Kotak Mahindra Capital Company 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, Axis Mutual Fund, Motilal Oswal MF, and others.
The offer is being made through the book-building process, with Axis Capital Ltd, IIFL Capital Services Ltd, and Kotak Mahindra Capital Company Ltd serving as the book-running lead managers. The equity shares will be listed on both the BSE and NSE. Not more than 15% will be available for allocation to non-institutional investors, and not less than 75% of the net offer will be available for allocation to qualified institutional buyers.
Investors can bid for a minimum of 29 equity shares. More details about the identity of anchor investors may be available in official filings or post-allotment disclosures from the company or SEBI after August 13, 2025.
[1] Bluestone Jewellery & Lifestyle Ltd IPO: All you need to know
[2] Bluestone Jewellery & Lifestyle Ltd IPO: Key details
[3] Bluestone Jewellery & Lifestyle Ltd IPO: Utilization of funds
[4] Bluestone Jewellery & Lifestyle Ltd IPO: Anchor investors
[5] Bluestone Jewellery & Lifestyle Ltd IPO: Subscription status
- To enhance its financial resources, Bluestone Jewellery & Lifestyle Ltd has initiated a business expansion strategy through a subscription-based model, specifically through its ongoing Initial Public Offering (IPO).
- As part of Bluestone Jewellery & Lifestyle Ltd's funding strategy, the funds raised from the IPO will be utilized primarily for meeting the company's working capital requirements and other general corporate purposes.
