Ajay Poly IPO vs BlueStone Jewellery IPO

Comparison between Ajay Poly IPO and BlueStone Jewellery IPO.

IPO Details

Ajay Poly IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while BlueStone Jewellery IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Ajay Poly IPO is up to ₹0.00 Cr whereas the issue size of the BlueStone Jewellery IPO is up to ₹1,540.65 Cr. The final issue price of Ajay Poly IPO is and of BlueStone Jewellery IPO is ₹517.00 per share.

 Ajay Poly IPOBlueStone Jewellery IPO
Face Value₹1 per share₹1 per share
Issue Price (Lower)₹492.00 per share
Issue Price (Upper)₹517.00 per share
Issue Price (Final)₹517.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size29 shares
Fresh Issue Size0 shares1,58,60,735 shares
Fresh Issue Size (Amount)up to ₹238.00 Crup to ₹820.00 Cr
OFS Issue Size93,00,000 shares1,39,39,063 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹720.65 Cr
Issue Size Total0 shares2,97,99,798 shares
Issue Size Total (Amount)up to ₹0.00 Crup to ₹1,540.65 Cr

IPO Timetable

Ajay Poly IPO opens on , while BlueStone Jewellery IPO opens on Aug 11, 2025. The closing date of Ajay Poly IPO and BlueStone Jewellery IPO is , and Aug 13, 2025, respectively.

Financials & KPIs

Ajay Poly IPO P/E ratio is , as compared to BlueStone Jewellery IPO P/E ratio of .

 Ajay Poly IPOBlueStone Jewellery IPO
Financials

Company Financials (Restated)

Period Ended30 Jun 202431 Mar 202430 Jun 202331 Mar 202331 Mar 2022
Assets329.01297.46218.49202.33129.07
Total Income130.74366.3987.82242.25142.72
Profit After Tax12.1622.537.6312.993.64
NET Worth105.5093.2778.1570.5254.28
Reserves and Surplus104.5792.3477.2269.5853.39
Total Borrowing129.13119.1594.2182.5044.82
Amount in ₹ Crore

Company Financials (Restated Consolidated)

BlueStone Jewellery & Lifestyle Ltd.'s revenue increased by 40% and profit after tax (PAT) dropped by 56% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets3,532.282,453.491,255.49
Total Income1,830.041,303.49787.89
Profit After Tax-221.84-142.24-167.24
EBITDA73.1653.05-56.03
Reserves and Surplus877.12346.28-81.06
Total Borrowing728.62430.43228.42
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)98.0318.28
Promoter Shareholding (Post-Issue)16.07
P/E Ratio
Market Cap₹7823.26 Cr.
ROE27.37%-34.53%
ROCE22.37%-3.67%
Debt/Equity1.280.80
EPS
RoNW27.37%-24.45%

Shares Offered

In the Ajay Poly IPO Retail Individual Investors (RII) are offered while in BlueStone Jewellery IPO retail investors are offered . Qualified Institutional Buyers (QIB) are offered in Ajay Poly IPO and 89,39,940 shares in BlueStone Jewellery IPO.

 Ajay Poly IPOBlueStone Jewellery IPO
Anchor Investor Reservation1,34,09,910 shares
Market Maker Reservation0 shares
QIB89,39,940 shares
NII44,69,969 shares
RII29,79,979 shares
Employee0 shares
Others
Total2,97,99,798 shares

Bids Received (Subscription)

Ajay Poly IPO subscribed in total, whereas BlueStone Jewellery IPO subscribed 2.72x.

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