BlueStone Jewellery shares were listed at a discount of 1.3% at Rs 510 on the National Stock Exchange. The stock of BlueStone Jewellery made its debut at a 1.6% discount to the issue price on the BSE.
BlueStone Jewellery IPO mopped up Rs 1,540.65 crore from the primary markets. The issue was a combination of 1.59 crore fresh shares aggregating to Rs 820 crore and offer for sale of 1.39 crore shares aggregating to Rs 720.65 crore.
The participants could bid for the IPO starting on August 11. The subscription period ended on Aug 13. The allotment for BlueStone Jewellery IPO was finalised on Aug 14.
BlueStone Jewellery IPO price band was set at Rs 517 per equity share. The lot size for an application is 29. The minimum amount of investment required by a retail application amounts to Rs 14,268. The lot size investment for a small NII application was 14 lots of 406 shares, amounting to Rs 2 lakh, and for a big NII, it was 67 lots of 1,943 shares, totalling to Rs 10 lakh.
Axis Capital was the book-running lead manager, and Kfin Technologies worked as the registrar for the issue.
About BlueStone Jewellery
BlueStone Jewellery and Lifestyle manufactures and provides diamond, gold, platinum, and studded jewellery under our flagship brand, BlueStone. The company has a pan-India presence with 275 stores across 117 cities in 26 States and Union Territories in India.
As of March 2025, the company’s network of stores comprised 200 company-owned stores and 75 franchisee stores with an aggregate area of over 605,000 square feet.
Subscription status
The Bluestone Jewellery IPO by the end of the bidding window, the overall subscription stood at 2.72 times. The Qualified Institutional Buyers subscribed to the issue 4.25 times, while the Non-Institutional Investors booked it 0.57 times. The retail Investors also didn’t show much interest in the IPO, but still subscribed to it 1.38 times