The sparkle of BlueStone Jewellery has reached Dalal Street as the company opens its Rs 1,540 crore public issue today. From its premium price tag to grey market buzz, and from listing timelines to lead managers, let’s take a look at five key things you need to know before making a bid.
BlueStone Jewellery IPO: Subscription window is now live
Bidding for the BlueStone IPO begins today and runs until 13 August 2025. Investors can place their bids between 10 AM and 5 PM over the three-day subscription period.
BlueStone Jewellery IPO: Price band and fundraising plans
The company has fixed its price band at Rs 492 to Rs 517 per share. BlueStone aims to raise Rs 1,540.65 crore in total.
This comprises Rs 820 crore coming from fresh share issuance and the remaining Rs 720.65 crore via the offer-for-sale (OFS) route, where existing investors will offload part of their stake.
BlueStone Jewellery IPO: Grey Market Premium (GMP)
The BlueStone Jewellery shares in the unofficial markets are trading at a Rs 9 premium in the grey market. It is important to note that GMP is not always an accurate predictor of listing gains.
As per the latest GMP, this indicates a potential listing price of Rs 526 per share, which is 1.74% higher over the issue’s upper price band of Rs 517.
BlueStone Jewellery IPO: Lot size and allotment timeline
One lot of the IPO consists of 29 shares, meaning investors must bid for at least that quantity.
The allotment of shares is expected to be finalised on 14 August, right before the long weekend.
BlueStone Jewellery IPO: Listing and key managers
BlueStone will debut on the stock exchanges on 19 August. The IPO is being managed by Axis Capital, IIFL Capital Services, and Kotak Mahindra Capital Company, with Kfin Technologies as the registrar.