BlueStone Jewellery IPO: Company Sets Price Band At Rs 492-517; Check Other Details
BlueStone Jewellery has set the price band for its Initial Public Offering, which is set to open for subscription on Aug. 11. It has set its price band at Rs 492 to Rs 517.
The mainboard issue of the Bengaluru-based company has a fresh issue and an offer-for-sale (OFS) component. The issue will be open for a three-day window and close for bidding on Aug. 13.
The domestic jeweller offers contemporary lifestyle diamond, gold, platinum, and studded jewellery under its flagship brand 'BlueStone'.
The fresh issue size is Rs 820 crore while the offer for sale size is up to 13,939,063 or 1.39 crore equity shares. The allotment for the BlueStone Jewellery IPO is expected to be finalised on Thursday, August 14, 2025.
After the conclusion of the IPO, shares of BlueStone Jewellery will debut on BSE, NSE with the tentative listing date fixed as Tuesday, August 19, 2025. Axis Capital Limited is the book-running lead manager of the BlueStone Jewellery IPO, while Kfin Technologies Limited is the registrar for the issue.
The proceeds from the fresh issue to the extent of Rs 750 crore will be used to fund its working capital requirements and general corporate purposes. Gaurav Singh Kushwaha is the promoter of BlueStone Jewellery.
Accel India, IvyCap Ventures, Sunil Munjal (with other partners of Hero Enterprise Partner Ventures), Kalaari Capital, Saama Capital, Iron Pillar, are among the prominent investors. Those selling shares through the OFS are Accel Partners, Saama Capital, Kalaari Capital, IvyCap Ventures, IronPillar Fund, Sunil Kant Munjal (and other partners of Hero Enterprise Partner Ventures).
Among them, Accel, Sunil Kant Munjal and Kalaari Capital are the three biggest shareholders. BlueStone Jewellery is the second largest digital-first jewellery brand in India offering an omni-channel retail experience. The company introduced its 'BlueStone' brand in 2011 and has since grown as a leading jeweller retailer in the country.
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