BlueStone Jewellery IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Aug 11 to Aug 13 2025
Price Band
₹517
Current GMP
₹510.0(-1.35%)
Subscription
2.72 times
IPO Details
| IPO Date | August 11, 2025 to August 13, 2025 |
| Listing Date | August 19, 2025 |
| Face Value | ₹1 per share |
| Issue Price | ₹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 |
IPO Date
August 11, 2025 to August 13, 2025
Listing Date
August 19, 2025
Face Value
₹1 per share
Issue Price
₹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
IPO Subscription Details
| Anchor Investors | 1 |
| QIB (Ex Anchor) | 4.25 |
| Non-Institutional Buyers | 0.57 |
| bNII (bids above ₹10L) | 0.68 |
| sNII (bids below ₹10L) | 0.34 |
| Retail Investors | 1.38 |
| Total ** | 2.72 |
Anchor Investors
1
QIB (Ex Anchor)
4.25
Non-Institutional Buyers
0.57
bNII (bids above ₹10L)
0.68
sNII (bids below ₹10L)
0.34
Retail Investors
1.38
Total **
2.72
Day Wise Sub
| Day | QIB (Ex Anchor) | NII | NII (> ₹10L) | NII (< ₹10L) | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 Aug 11, 2025 | 0.57 | 0.04 | 0.03 | 0.06 | 0.39 | 0.39 |
| Day 2 Aug 12, 2025 | 0.84 | 0.23 | 0.29 | 0.11 | 0.75 | 0.66 |
| Day 3 Aug 13, 2025 | 4.25 | 0.57 | 0.68 | 0.34 | 1.38 | 2.72 |
DayDay 1
Aug 11, 2025
QIB (Ex Anchor)0.57
NII0.04
NII (> ₹10L)0.03
NII (< ₹10L)0.06
Retail0.39
Total0.39
DayDay 2
Aug 12, 2025
QIB (Ex Anchor)0.84
NII0.23
NII (> ₹10L)0.29
NII (< ₹10L)0.11
Retail0.75
Total0.66
DayDay 3
Aug 13, 2025
QIB (Ex Anchor)4.25
NII0.57
NII (> ₹10L)0.68
NII (< ₹10L)0.34
Retail1.38
Total2.72
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 12-08-2025 | 517.00 | 2.5(0.48%) | 519.5 |
| 11-08-2025 | 517.00 | 9(1.74%) | 526 |
| 10-08-2025 | 517.00 | 9(1.74%) | 526 |
| 09-08-2025 | 517.00 | 16(3.09%) | 533 |
| 08-08-2025 | 517.00 | 16(3.09%) | 533 |
| 07-08-2025 | 517.00 | 16(3.09%) | 533 |
| 06-08-2025 | 517.00 | 35(6.77%) | 552 |
| 05-08-2025 | 0(%) | (%) |
Date12-08-2025
Price517.00
GMP2.5(0.48%)
Estimate List Price519.5
Date11-08-2025
Price517.00
GMP9(1.74%)
Estimate List Price526
Date10-08-2025
Price517.00
GMP9(1.74%)
Estimate List Price526
Date09-08-2025
Price517.00
GMP16(3.09%)
Estimate List Price533
Date08-08-2025
Price517.00
GMP16(3.09%)
Estimate List Price533
Date07-08-2025
Price517.00
GMP16(3.09%)
Estimate List Price533
Date06-08-2025
Price517.00
GMP35(6.77%)
Estimate List Price552
Date05-08-2025
Price
GMP0(%)
Estimate List Price(%)
IPO Important Dates
| 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 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 August 13, 2025
IPO Lot Size
| 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 |
ApplicationRetail (Min)
Lots1
Shares29
Amount₹14,993
ApplicationRetail (Max)
Lots13
Shares377
Amount₹1,94,909
ApplicationS-HNI (Min)
Lots14
Shares406
Amount₹2,09,902
ApplicationS-HNI (Max)
Lots66
Shares1,914
Amount₹9,89,538
ApplicationB-HNI (Min)
Lots67
Shares1,943
Amount₹10,04,531
Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| 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 |
Period EndedPeriod Ended
31 Mar 202531 Mar 2025
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
31 Mar 20253,532.28
31 Mar 20242,453.49
31 Mar 20231,255.49
Period EndedTotal Income
31 Mar 20251,830.04
31 Mar 20241,303.49
31 Mar 2023787.89
Period EndedProfit After Tax
31 Mar 2025-221.84
31 Mar 2024-142.24
31 Mar 2023-167.24
Period EndedEBITDA
31 Mar 202573.16
31 Mar 202453.05
31 Mar 2023-56.03
Period EndedReserves and Surplus
31 Mar 2025877.12
31 Mar 2024346.28
31 Mar 2023-81.06
Period EndedTotal Borrowing
31 Mar 2025728.62
31 Mar 2024430.43
31 Mar 2023228.42
Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|---|
| Bluestone Jewellery and Lifestyle | -79.74 | -79.74 | 66.94 | -24.45 | ||
| Titan Company | 37.62 | 37.61 | 130.93 | 88.14 | 28.71 | 25.50 |
| Kalyan Jewellers India | 6.93 | 6.93 | 46.57 | 84.10 | 14.87 | 12.65 |
| Senco Gold | 10.09 | 10.08 | 120.37 | 31.17 | 8.09 | 2.62 |
| Thangamayil Jewellery | 42.00 | 42.00 | 354.66 | 45.47 | 11.07 | 5.39 |
| PC Jeweller | 1.13 | 0.66 | 9.46 | 22.70 | 9.33 | 1.67 |
Company NameBluestone Jewellery and Lifestyle
EPS (Basic)-79.74
EPS (Diluted)-79.74
NAV (per share) (Rs)66.94
P/E (x)
RoNW (%)-24.45
P/BV Ratio
Company NameTitan Company
EPS (Basic)37.62
EPS (Diluted)37.61
NAV (per share) (Rs)130.93
P/E (x)88.14
RoNW (%)28.71
P/BV Ratio25.50
Company NameKalyan Jewellers India
EPS (Basic)6.93
EPS (Diluted)6.93
NAV (per share) (Rs)46.57
P/E (x)84.10
RoNW (%)14.87
P/BV Ratio12.65
Company NameSenco Gold
EPS (Basic)10.09
EPS (Diluted)10.08
NAV (per share) (Rs)120.37
P/E (x)31.17
RoNW (%)8.09
P/BV Ratio2.62
Company NameThangamayil Jewellery
EPS (Basic)42.00
EPS (Diluted)42.00
NAV (per share) (Rs)354.66
P/E (x)45.47
RoNW (%)11.07
P/BV Ratio5.39
Company NamePC Jeweller
EPS (Basic)1.13
EPS (Diluted)0.66
NAV (per share) (Rs)9.46
P/E (x)22.70
RoNW (%)9.33
P/BV Ratio1.67
IPO Reservation
| 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%) |
Investor CategoryQIB Shares Offered
Shares Offered2,23,49,850 (75.00%)
Maximum AllotteesNA
Investor Category− Anchor Investor Shares Offered
Shares Offered1,34,09,910 (45.00%)
Maximum AllotteesNA
Investor Category− QIB (Ex. Anchor) Shares Offered
Shares Offered89,39,940 (30.00%)
Maximum AllotteesNA
Investor CategoryNII (HNI) Shares Offered
Shares Offered44,69,969 (15.00%)
Maximum AllotteesNA
Investor Category− bNII > ₹10L
Shares Offered29,79,979 (10.00%)
Maximum Allottees7,339
Investor Category− sNII < ₹10L
Shares Offered14,89,990 (5.00%)
Maximum Allottees3,669
Investor CategoryRetail Shares Offered
Shares Offered29,79,979 (10.00%)
Maximum Allottees1,02,757
Investor CategoryTotal Shares Offered
Shares Offered2,97,99,798 (100.00%)
Maximum Allottees
Information about company
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:
Leading digital-first jewellery brand in India offering an omni-channel retail experience.
In-house Technology Architecture Driving End-to-End Business Operations.
Differentiated Approach to Product and Design.
Advanced Manufacturing Capabilities with Vertically Integrated Operations.
Pan-India Presence Across Tier-I, Tier-II and Tier-III Cities with Healthy Unit Economics.
Founder-led Company Supported by an Experienced and Professional Management Team and backed by Marquee Investors.
Objectives of IPO
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
Disclaimer
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