Bookbuilding IPO | ₹1,541 Cr | Listed at BSE, NSE | Mon, Aug 11, 2025 - Wed, Aug 13, 2025
BlueStone Jewellery IPO is a book build issue of ₹1,540.65 crores. The issue is a combination of fresh issue of 1.59 crore shares aggregating to ₹820.00 crores and offer for sale of 1.39 crore shares aggregating to ₹720.65 crores.
BlueStone Jewellery IPO bidding started from Aug 11, 2025 and ended on Aug 13, 2025. The allotment for BlueStone Jewellery IPO was finalized on Aug 14, 2025. The shares got listed on BSE, NSE on Aug 19, 2025.
BlueStone Jewellery IPO price band is set at ₹517 per share. The lot size for an application is 29. The minimum amount of investment required by an retail is ₹14,993 (29 shares) (based on upper price). The lot size investment for sNII is 14 lots (406 shares), amounting to ₹2,09,902, and for bNII, it is 67 lots (1,943 shares), amounting to ₹10,04,531.
Axis Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to BlueStone Jewellery IPO RHP for detailed Information.
IPO Open
Mon, Aug 11, 2025
IPO Close
Wed, Aug 13, 2025
Issue Price
₹517 per share
Market Cap (Pre-IPO)
₹7,823.26 Cr
| IPO Date | 11 to 13 Aug, 2025 |
| Listed on | Tue, Aug 19, 2025 |
| Face Value | ₹1 per share |
| Price Band | ₹492 to ₹517 |
| Issue Price | ₹517 per share |
| Lot Size | 29 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,97,99,798 shares (agg. up to ₹1,541 Cr) |
| Fresh Issue | 1,58,60,735 shares (agg. up to ₹820 Cr) |
| Offer for Sale | 1,39,39,063 shares of ₹1 (agg. up to ₹721 Cr) |
| Share Holding Pre Issue | 13,54,59,637 shares |
| Share Holding Post Issue | 15,13,20,372 shares |
| BSE Script Code / NSE Symbol | 544484 / BLUESTONE |
| ISIN | INE304W01038 |
BlueStone Jewellery IPO offers total 2,97,99,798 shares. Out of which 2,23,49,850 (75.00%) allocated to QIB, 89,39,940 (30.00%) allocated to QIB (Ex- Anchor), 44,69,969 (15.00%) allocated to NII 29,79,979 (10.00%) allocated to RII and 1,34,09,910 (45.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 2,23,49,850 (75.00%) | NA |
| − Anchor Investor Shares Offered | 1,34,09,910 (45.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 89,39,940 (30.00%) | NA |
| NII (HNI) Shares Offered | 44,69,969 (15.00%) | NA |
| − bNII > ₹10L | 29,79,979 (10.00%) | 7,339 |
| − sNII < ₹10L | 14,89,990 (5.00%) | 3,669 |
| Retail Shares Offered | 29,79,979 (10.00%) | 1,02,757 |
| Total Shares Offered | 2,97,99,798 (100.00%) |
Investors can bid for a minimum of 29 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 29 | ₹14,993 |
| Retail (Max) | 13 | 377 | ₹1,94,909 |
| S-HNI (Min) | 14 | 406 | ₹2,09,902 |
| S-HNI (Max) | 66 | 1,914 | ₹9,89,538 |
| B-HNI (Min) | 67 | 1,943 | ₹10,04,531 |
BlueStone Jewellery IPO raises ₹693.29 crore from anchor investors. BlueStone Jewellery IPO Anchor bid date is August 8, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Aug 8, 2025 |
| Shares Offered | 1,34,09,910 |
| Anchor Portion (₹ Cr.) | 693.29 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Sep 12, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Nov 11, 2025 |
BlueStone Jewellery and Lifestyle Limited 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 31, 2025, servicing over 12,600 PIN codes across India.
As of March 31, 2025, the company's network of stores comprised 200 company-owned stores (“Company Stores”) and 75 franchisee stores (“Franchisee Stores”) with an aggregate area of over 605,000 square feet.
The company offers a wide range of product offerings including rings, earrings, necklaces, pendants, solitaires, bangles, bracelets and chains that cater to diverse customer segments and are retailed at varied price points. As of March 31, 2025, BlueStone had 91 collections (defined as a set of jewellery designs created with a specific theme) of jewellery products.
Competitive Strength:
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 Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 3,532.28 | 2,453.49 | 1,255.49 |
| Total Income | 1,830.04 | 1,303.49 | 787.89 |
| Profit After Tax | -221.84 | -142.24 | -167.24 |
| EBITDA | 73.16 | 53.05 | -56.03 |
| Reserves and Surplus | 877.12 | 346.28 | -81.06 |
| Total Borrowing | 728.62 | 430.43 | 228.42 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding our working capital requirements | 750.00 |
| 2 | General Corporate Purposes | 20.75 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | -34.53% |
| ROCE | -3.67% |
| Debt/Equity | 0.80 |
| RoNW | -24.45% |
| PAT Margin | -12.53% |
| EBITDA Margin | 4.13% |
| Price to Book Value | 2.01 |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 18.28% | 16.07% |
| Market Cap | ₹7,823.26 Cr. |
The BlueStone Jewellery IPO is subscribed 2.72 times on August 13, 2025 5:04:33 PM (Day 3). The public issue subscribed 1.38 times in the retail category, 4.25 times in the QIB category, and 0.57 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 4.25 | 89,39,939 | 3,79,61,783 |
| NII | 0.57 | 44,69,970 | 25,32,947 |
| bNII (bids above ₹10L) | 0.68 | 29,79,980 | 20,32,813 |
| sNII (bids below ₹10L) | 0.34 | 14,89,990 | 5,00,134 |
| Retail | 1.38 | 29,79,980 | 41,24,873 |
| Total | 2.72 | 1,63,89,889 | 4,46,19,603 |
Total Application : 1,08,600
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs’fees and commissions (including underwriting commission) | 40.19 |
| 2 | Brokerage, selling commission, bidding charges, processing fees and bidding charges for the Members of the Syndicate, Registered Brokers, SCSBs, RTAs and CDPs | 3.18 |
| 3 | Advertising and marketing expenses for the Offer | 10.97 |
| 4 | Other expenses(i)Listing fees, SEBI filing fees, BSE and NSE processing fees, book building software fees(ii)Other regulatory expenses(iii)Printing and stationery expenses(iv)Fees payable to the legal counsels(v)Fees payable to other advisors to the Offer(vi)Fees payable to the Registrar to the Offer, (vii) Miscallenous | 38.21 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹517.00 | ₹517.00 |
| Open | ₹508.80 | ₹510.00 |
| Low | ₹508.60 | ₹508.10 |
| High | ₹564.00 | ₹564.00 |
| Last Trade | ₹546.00 | ₹546.00 |
BlueStone Jewellery IPO is a main-board IPO of 2,97,99,798 equity shares of the face value of ₹1 aggregating up to ₹1,541 Crores. The issue is priced at ₹517 per share. The minimum order quantity is 29.
The IPO opens on Mon, Aug 11, 2025, and closes on Wed, Aug 13, 2025.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in BlueStone Jewellery IPO using UPI as a payment gateway. Zerodha customers can apply in BlueStone Jewellery IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in BlueStone Jewellery IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The BlueStone Jewellery IPO opens on Mon, Aug 11, 2025 and closes on Wed, Aug 13, 2025.
BlueStone Jewellery IPO lot size is 29, and the minimum amount required for application is ₹14,993.
You can apply in BlueStone Jewellery IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for BlueStone Jewellery IPO will be done on Thursday, August 14, 2025, and the allotted shares will be credited to your demat account by Mon, Aug 18, 2025. Check the BlueStone Jewellery IPO allotment status.
The BlueStone Jewellery IPO listing date is on Tue, Aug 19, 2025.
