Institutional Investors That Participated In The Anchor Book Included Amansa Holdings Sbi Life Insurance Company, Nippon India Mutual Fund (MF), Goldman Sachs, Aditya Birla Sunlife MF, HSPIMIE, CO, ,, ,, ,, Axis MF and Motilal Oswal MF, Accordance to a circular uploaded on BSE’s website.
According to the circular, the company has assigned more than 1.34 shares of Crore shares on RS 517 each to anchor investors who collected the transaction size to RS 693.29 Crore. The issue, with a price band from RS 492 to RS 517 per share, will be open to subscription on 11 August and ends on 13 August.
The IPO includes a new number of RS 820 Crore and offer for sale (OFS) of 1.39.39.063 shares in shares worth RS 720.65 crore, at the top of the price tire. 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. PTI
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