Bengaluru-based BlueStone Jewelry and Way of life, recognized for its up to date jewelry model BlueStone–will launched its preliminary share sale on Monday, August 11. The corporate has mounted the worth band for the general public challenge between Rs 492 and Rs 517 per share.
The IPO shall be open for subscription from August 11 to August 13, 2025. It consists of a recent challenge of shares value Rs 820 crore and a suggestion on the market (OFS) of 1,39,39,063 fairness shares, valued at roughly Rs 720.65 crore on the higher value band. The full challenge dimension is estimated at Rs 1,540.65 crore. Current shareholders taking part within the OFS embrace Kalaari Capital Companions II, LLC, Saama Capital II, Ltd., Sunil Kant Munjal and different companions of Hero Enterprise Accomplice Ventures, amongst others.
Forward of the opening, the corporate raised Rs 693.29 crore from anchor buyers on Friday, August 8, 2025, by allotting 1,34,09,910 fairness shares at Rs 517 per share. Individuals within the anchor ebook included Amansa Holdings, SBI Life Insurance coverage, Nippon India Mutual Fund, Goldman Sachs, Aditya Birla Solar Life Mutual Fund, HDFC Life Insurance coverage, Societe Generale, Mirae Asset Small Cap Fund, DSP India Mutual Fund, Amundi Funds New Silk Highway, PGIM India Mutual Fund, ACM World Fund VCC, Axis Mutual Fund, and Motilal Oswal Mutual Fund.
Of the whole allocation, 36,56,871 fairness shares (27.27 per cent of the anchor ebook) had been allotted to 6 home mutual funds throughout eleven schemes.
Lot dimension, allocation construction
Buyers can bid for no less than 29 fairness shares and in multiples of 29 thereafter. The provide is being made by means of the book-building course of, with not lower than 75 per cent of the online provide reserved for certified institutional patrons (QIBs), no more than 15 per cent for non-institutional buyers, and no more than 10 per cent for retail particular person buyers.
Funds utilisation
The corporate plans to make use of the proceeds from the recent challenge to fulfill working capital wants and for common company functions.
Who’re BRMLs?
Axis Capital, IIFL Capital Providers, and Kotak Mahindra Capital Firm are the book-running lead managers for the IPO.
What does BlueStone Jewelry do?
Based in 2011, BlueStone operates 275 shops in 117 cities throughout 26 states and Union Territories, serving greater than 12,600 PIN codes as of March 31, 2025. It runs three manufacturing services in Mumbai, Jaipur, and Surat.
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