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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 ₹517.00 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 Date | August 11, 2025 to August 13, 2025 |
| Listing Date | August 19, 2025 |
| Face Value | ₹1 per share |
| Issue Price Band | ₹492 to ₹517 per share |
| Issue Price Final | ₹517 per share |
| Lot Size | 29 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 2,97,99,798 shares (aggregating up to ₹1,540.65 Cr) |
| Fresh Issue | 1,58,60,735 shares (aggregating up to ₹820.00 Cr) |
| Offer for Sale | 1,39,39,063 shares of ₹1 (aggregating up to ₹720.65 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 13,54,59,637 shares |
| Share Holding Post Issue | 15,13,20,372 shares |
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 | Maximum 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%) |
BlueStone Jewellery IPO raises ₹693.29 crore from anchor investors. BlueStone Jewellery IPO Anchor bid date is August 8, 2025. BlueStone Jewellery IPO Anchor Investors list
| Bid Date | August 8, 2025 |
| Shares Offered | 1,34,09,910 |
| Anchor Portion Size (In Cr.) | 693.29 |
| Anchor lock-in period end date for 50% shares (30 Days) | September 12, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | November 11, 2025 |
BlueStone Jewellery IPO opens on August 11, 2025, and closes on August 13, 2025.
| IPO Open Date | Mon, Aug 11, 2025 |
| IPO Close Date | Wed, Aug 13, 2025 |
| Tentative Allotment | Thu, Aug 14, 2025 |
| Initiation of Refunds | Mon, Aug 18, 2025 |
| Credit of Shares to Demat | Mon, Aug 18, 2025 |
| Tentative Listing Date | Tue, Aug 19, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Aug 13, 2025 |
Investors can bid for a minimum of 29 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 market capitalization of BlueStone Jewellery IPO is ₹7823.26 Cr.
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| 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 |
The Company BlueStone Jewellery IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Funding our working capital requirements | 750.00 |
| 2 | General Corporate Purposes | 20.75 |
[Dilip Davda] BJLL is engaged in offering contemporary lifestyle jewellery under its flagship brand “BlueStone”. While it posted growth in its top lines, it continued to mark losses for the reported periods. Management attributes losses for adjustments on ESOP, finance cost and other provisions. Considering losses, the issue appears priced at a negative P/E. It is operating in a highly competitive and fragmented segment. There is no harm in skipping this pricey and dicey, negatively priced issue. Read detail review...
| Listing Date | August 19, 2025 |
| BSE Script Code | 544484 |
| NSE Symbol | BLUESTONE |
| ISIN | INE304W01038 |
| Final Issue Price | ₹517 per share |
| NSE Listing Group | EQ |
| BSE Listing Group | B |
BlueStone Jewellery & Lifestyle Ltd.
Site No. 89/2, Lava Kusha Arcade,
Munnekolal Village, Outer Ring Road,
Marathahalli
Bangalore Urban, Karnataka, 560037
Phone: +91 22 4515 2729
Email: investor.relations@bluestone.com
Website: https://www.bluestone.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: bluestone.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
BlueStone Jewellery IPO is a main-board IPO of 2,97,99,798 equity shares of the face value of ₹1 aggregating up to ₹1,540.65 Crores. The issue is priced at ₹517 per share. The minimum order quantity is 29.
The IPO opens on August 11, 2025, and closes on August 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 August 11, 2025 and closes on August 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 Monday, August 18, 2025. Check the BlueStone Jewellery IPO allotment status.
The BlueStone Jewellery IPO listing date is on Tuesday, August 19, 2025.
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