The three -day IPO received bids for 1.07,81,214 shares at 1.65.14,421 shares that are offered, according to data available at the NSE.
The part qualified institutional buyers (QIBS) was subscribed to 85 percent, while the quota for retail individual investors (RIIS) received a 73 percent subscription. The category for non-institutional investors picked up 23 percent subscription.
Bluestone jewelry and lifestyle on Friday raised more than RS 693 crore from anchor investors.
The issue, with a price band of RS 492-517 per share, will be closed on Wednesday.
The initial public offer (IPO) includes a new RS 820 crore edition and offer for sale (OFS) of 1.39.39.063 shares with a value of RS 720.65 Crore, on the top of the price band. This collects the transaction size to RS 1,540.65 Crore. Those who sell shares through the OFS include Kalaari Capital Partners II, LLC, Saama Capital II, Ltd., Sunil Kant Munjal (and other partners of Hero Enterprise Partner Ventures) and others. The proceeds from the new issue will be used to finance its working capital requirements and general business purposes. The company established in Bengaluru introduced its ‘Bluestone’ brand in 2011 and has since grown into a leading name among jewelers traders in the country.
It has a network of 275 stores in 117 cities in 26 states and trade union areas, with more than 12,600 pin codes throughout India from March 31, 2025. The company has three production facilities in Mumbai, Jaipur and Surat.
Axis Capital, IIFL Capital Services and Kotak Mahindra Capital Company are the book runners for the issue. The shares are proposed to be mentioned on the BSE and NSE.
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