BlueStone Jewellery IPO:
BlueStone Jewellery & Lifestyle Ltd., a leading omni-channel jewellery retailer in India, is gearing up to tap the capital markets with its initial public offering (IPO) on August 11, 2025. The three-day issue will conclude on August 13, with the company targeting a total fundraising of ₹1,540.65 crore through a mix of fresh equity and an Offer for Sale (OFS).
The IPO will comprise a fresh issue amounting to ₹820 crore, along with an OFS aggregating ₹720.65 crore, offered by existing stakeholders. The price band for Bluestone Jewellery IPO is fixed between ₹492 and ₹517 per share, each with a face value of ₹1.
Bluestone Jewellery IPO Highlights
Retail investors can bid in lots of 29 shares, with a minimum investment of ₹14,993 at the upper price band. The highest permissible application for retail buyers is 13 lots or 377 shares, amounting to ₹1,94,909.
According to the proposed timeline, share allotment is expected to be finalized by August 14, while refunds and credit of shares to demat accounts are likely to be processed by August 18. The company’s stock is expected to be listed on BSE and NSE on August 19.
Bluestone Jewellery IPO Objective of the Issue and Financial Snapshot
Proceeds from the fresh issue will be primarily directed towards working capital requirements, estimated at ₹750 crore, with the remainder reserved for general corporate purposes.
Financially, BlueStone has shown strong revenue growth but continues to incur losses. For FY25, the company’s total income rose by 40%, reaching ₹1,830.04 crore compared to ₹1,303.49 crore in FY24. However, its net loss widened from ₹142.24 crore to ₹221.84 crore during the same period. As of March 31, 2025, the company’s total borrowings stood at ₹728.62 crore.
Company Overview and Shareholding Structure
Founded and promoted by Gaurav Singh Kushwaha, BlueStone has established itself as a prominent jewellery brand in India, offering a wide range of gold, diamond, platinum, and gemstone-studded ornaments. The brand currently operates 275 stores across 117 cities, including 200 company-owned outlets and 75 franchise-operated stores.
Following the IPO, promoter shareholding will dilute from 18.28%. The issue has been structured to allocate at least 75% to Qualified Institutional Buyers (QIBs), up to 15% for Non-Institutional Investors (NIIs), and 10% for Retail Individual Investors (RIIs).
Bluestone Jewellery IPO Lead Managers and Registrar
The IPO is being managed by Axis Capital Limited as the Book Running Lead Manager, while Kfin Technologies Limited will serve as the registrar to the issue.