BlueStone IPO receives 1.15 times subscription applications by afternoon of Day 3

Mumbai, 13 August 2025: BlueStone Jewellery Ltd’s Initial Public Offering (IPO) has received subscription applications of of 1.15 times by 4 p.m. of Day 3

Retail Investors Lead Day 3 Subscription with Applications Worth ₹149.88 Crore

Retail investors applied for 28,99,043 shares, nearly matching the total shares on offer of 29,79,980 shares, amounting to ₹149.88 crore. Retail participation is the main contributor to the overall subscription of 0.71 times as of 11:49 AM.

QIBs and NII Participation Recorded at 0.84 Times and 0.27 Times Respectively

QIBs excluding anchor investors have applied for 75,02,387 shares against 89,39,939 shares on offer, totaling ₹387.87 crore. The NII segment recorded 0.27 times subscription, with large NII (bids above ₹10 lakh) at 0.33 times and small NII (bids below ₹10 lakh) at 0.16 times, submitting bids valued at ₹50.16 crore and ₹12.41 crore, respectively. Anchor investors have subscribed fully with 1,34,09,910 shares, worth ₹693.29 crore.

Day-Wise Subscription Trend Shows Gradual Increase Across Segments

• Day 1 (Aug 11, 2025): Total subscription 39 times; retail at 0.39 times, NII at 0.04 times, QIB at 0.57 times.
• Day 2 (Aug 12, 2025): Total subscription 66 times; retail at 0.75 times, NII at 0.23 times, QIB at 0.84 times.
• Day 3 (Aug 13, 2025, as of 11:49 AM): Total subscription 71 times, retail at 0.97 times, NII at 0.27 times, QIB at 0.84 times.

BlueStone Jewellery IPO Structure and Timelines

The IPO is a book-built issue of ₹1,540.65 crore, comprising a fresh issue of 1.59 crore shares worth ₹820 crore and an offer for sale of 1.39 crore shares worth ₹720.65 crore. The price band is ₹492 to ₹517 per share, with a lot size of 29 shares, requiring a minimum investment of ₹14,268 for retail investors.

• Subscription period: 11 August 2025 to 13 August 2025
• Allotment date: 14 August 2025
• Listing date: Tentatively 19 August 2025 on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE)

About BlueStone Jewellery – Mumbai-Based Jewellery Retailer Expanding Public Presence

Headquartered in Mumbai, BlueStone Jewellery Ltd operates in the jewellery retail sector, offering gold, diamond, and gemstone products through online and offline channels. The IPO is aimed at expanding the company’s retail footprint and operational capacity.