BlueStone Jewellery IPO
GMP, Subscription, Price, Dates & Financial Details
Diamond & Jewellery
BlueStone is a digital-first, direct-to-consumer (DTC) jewellery brand in India, offering diamond, gold, platinum, and studded jewellery under its flagship brand, BlueStone. Launched in 2011, the company focuses on contemporary and design-led jewellery catering to modern consumer preferences.Market…
Open Date
Mon, 11 Aug 2025
Close Date
Wed, 13 Aug 2025
Price Band
₹ 492 – 517
Lot Size
29
Issue Size
₹ 1,540.65 Cr
Minimum Investment
₹ 14,993 (29 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
BlueStone Jewellery IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹1,540.65 Crore, comprising a fresh issue of 1.59 Crore equity shares aggregating to ₹820.00 Crore and an offer for sale (OFS) of 1.39 Crore equity shares aggregating to ₹720.65 Crore by the existing shareholders.
The BlueStone Jewellery IPO remained open for subscription from August 11, 2025, to August 13, 2025. The basis of allotment was finalized on August 14, 2025, and the company's shares were listed on the NSE and BSE on August 19, 2025.
The company had fixed the price band at ₹492 to ₹517 per share, with a lot size of 29 shares. Retail investors were required to make a minimum investment of ₹14,993 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. IIFL Capital Services Limited, Axis Capital Limited, and Kotak Mahindra Capital Company Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, BlueStone Jewellery & Lifestyle Ltd is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
BlueStone Jewellery IPO Timeline (Tentative)
- IPO Open Date
- Mon, 11 Aug 25
- IPO Close Date
- Wed, 13 Aug 25
- Basis of Allotment
- Thu, 14 Aug 25
- Initiation of Refunds
- Mon, 18 Aug 25
- Credit of Shares to Demat
- Mon, 18 Aug 25
- Listing Date
- Tue, 19 Aug 25 — NSE & BSE
Open Date
11 August 2025
Close Date
13 August 2025
Basis Of Allotment
14 August 2025
Listing Date
19 August 2025
IPO Subscription
Check Live Subscription →The BlueStone Jewellery IPO has received bids for 4,46,22,300 shares against 1,65,14,421 shares offered, resulting in an overall subscription of 2.7x. the NII category is subscribed 0.55x, Retail Investors 1.35x, and QIBs 4.28x. Within the NII category, BNII is subscribed 0.66x, while SNII is subscribed 0.33x.
QIB
4.28x
NII
0.55x
BNII
0.66x
SNII
0.33x
RII
1.35x
Total
2.7x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 30,60,572 shares, representing 18.53% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 88,62,990 shares (53.67%), while Non-Institutional Investors (NIIs) receive 45,90,859 shares (27.8%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 8,862,990 | 53.67% |
| Non-Institutional | 4,590,859 | 27.8% |
| BNII | 3,060,573 | 18.53% |
| SNII | 1,530,286 | 9.27% |
| Retail Investors | 3,060,572 | 18.53% |
| Total | 16,514,421 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 3532.28 | 2453.49 | 1255.49 |
| Revenue | 1830.04 | 1303.49 | 787.89 |
| Profit After Tax | -221.84 | -142.24 | -167.24 |
| Net Worth | 0 | 0 | 0 |
| Reserve & Surplus | 877.12 | 346.28 | -81.06 |
| Total Borrowings | 728.62 | 430.43 | 228.42 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
BlueStone Jewellery & Lifestyle Ltd KPI Information
| Particular | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE % | -34.53 | -94 | -18 |
| ROCE % | -3.67 | -3.39 | -31.16 |
| Debt / Equity | 1.68 | 2.46 | 0 |
| RoNW % | 24.45 | 38.01 | 0 |
| Pat Margin % | -12.53 | -11.24 | -21.7 |
Peers Comparison
No Peer Comparision Available
About BlueStone Jewellery & Lifestyle Ltd
BlueStone is a digital-first, direct-to-consumer (DTC) jewellery brand in India, offering diamond, gold, platinum, and studded jewellery under its flagship brand, BlueStone. Launched in 2011, the company focuses on contemporary and design-led jewellery catering to modern consumer preferences.
Market Position:
- 2nd largest digital-first omni-channel jewellery brand in India by revenue in FY 2024
- One of the few leading jewellery retailers with a pan-India presence
Retail & Reach:
- Operates through its website (www.bluestone.com), mobile app, and physical stores
- 275 stores across 117 cities in 26 states/UTs, as of March 31, 2025
- Services over 12,600 PIN codes in India
Product & Design:
- Offers jewellery for women, men, and couples aged 25–45
- Wide range includes rings, earrings, necklaces, pendants, solitaires, bangles, bracelets, and chains
- 91 jewellery collections as of March 31, 2025, across varied price points and occasions
- Strong focus on contemporary, stylish, and themed designs
Omni-Channel Experience:
- Offers a seamless shopping experience across online and offline channels
- Features include:
- Try at Home service in select locations
- 360° product views, real-time store inventory, and personalized options
- Over 7,400 online designs
Manufacturing:
- Operates three manufacturing units in Mumbai, Jaipur, and Surat
- A fourth facility in Jaipur is under construction
Workforce:
- 1,943 full-time employees as of March 31, 2025
Peer Comparison:
- Peer companies include CaratLane (subsidiary of Titan Ltd.), due to similar business model and scale
BlueStone Jewellery IPO Promoters
- Gaurav Singh Kushwaha
Promoters Holding
Holding Pre Issue
18.28%
Holding Post Issue
0.00%
BlueStone Jewellery IPO Objective
The Company BlueStone Jewellery IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
- Funding our working capital requirements
- General Corporate Purposes
BlueStone Jewellery & Lifestyle Ltd Address / Contact Details
BlueStone Jewellery & Lifestyle Limited
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/
IPO Snapshot
BlueStone Jewellery IPO Lot Size
The BlueStone Jewellery IPO has a lot size of 29 shares. Retail investors require a minimum investment of ₹14,993 by applying for 1 lot (29 shares). The maximum application allowed for the retail category is 13 lots (377 shares), requiring an investment of ₹1,94,909.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 29 | 14,993.00 |
| Retail (Max) | 13 | 377 | 194,909.00 |
| S-HNI (Min) | 14 | 406 | 209,902.00 |
| S-HNI (Max) | 66 | 1,914 | 989,538.00 |
| B-HNI (Min) | 67 | 1,943 | 1,004,531.00 |
Issue Reservation
- QIB — 53.67%
- NII — 27.8%
- RII — 18.53%
Book Running Lead Managers
- IIFL Capital Services Limited
- Axis Capital Limited
- Kotak Mahindra Capital Company Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the BlueStone Jewellery IPO?
BlueStone Jewellery IPO is a Book-building IPO with a total issue size of ₹1540.65 crore. The BlueStone Jewellery IPO price band is ₹492 to 517 per share. The BlueStone Jewellery IPO subscription opens on Mon, Aug 11, 2025, and closes on Wed, Aug 13, 2025. The BlueStone Jewellery IPO will be listed on the BSE,NSE. KFin Technologies Limited is the registrar for the BlueStone Jewellery IPO.
When will the BlueStone Jewellery IPO open for subscription?
The BlueStone Jewellery IPO opens on Mon, Aug 11, 2025 and closes on Wed, Aug 13, 2025
What is BlueStone Jewellery IPO Price Band?
BlueStone Jewellery IPO Price Band is ₹492 to 517 per share.
What is BlueStone Jewellery IPO Lot Size?
BlueStone Jewellery IPO lot size is 29 shares, Retail investors need a minimum investment of ₹14993 based on the upper price band
What is the minimum investment for BlueStone Jewellery IPO?
The minimum investment for BlueStone Jewellery IPO is ₹14993, based on one lot of 29 shares at the upper price band of ₹517 per share.
How to apply for BlueStone Jewellery IPO?
Investors can apply for the BlueStone Jewellery IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Aug 13, 2025. The application amount remains blocked until the BlueStone Jewellery IPO allotment is finalized.
What is BlueStone Jewellery IPO Issue Size?
BlueStone Jewellery IPO issue size is ₹1540.65 crores.
What is the BlueStone Jewellery IPO Allotment Date?
BlueStone Jewellery IPO allotment date is Thu, Aug 14, 2025.
Who is the BlueStone Jewellery IPO Registrar?
The registrar for BlueStone Jewellery IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check BlueStone Jewellery IPO allotment status, refund processing, and other IPO-related information.
What is the BlueStone Jewellery IPO GMP?
The BlueStone Jewellery IPO GMP (Grey Market Premium) is ₹2 as of Tue, Aug 19, 2025. Based on the upper price band of ₹517 per share, the estimated BlueStone Jewellery IPO listing price is ₹519, indicating a potential listing gain of approximately 0.39% over the issue price.
Who is the BlueStone Jewellery IPO Lead Manager?
The book-running lead managers (BRLMs) for the BlueStone Jewellery IPO are IIFL Capital Services Limited, Axis Capital Limited, and Kotak Mahindra Capital Company Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the BlueStone Jewellery IPO Red Herring Prospectus (RHP).