BlueStone Jewellery listed at 1.35% discount today

Mumbai, 19 August 2025: BlueStone Jewellery and Lifestyle Ltd. made its stock market debut today, with shares opening at ₹510 on NSE and ₹508.80 on BSE, reflecting a 1.35% discount to the issue price of ₹517. During the day, the stock touched a high of ₹534 and a low of ₹508.10, with an indicative closing of ₹523.09. The listing came below grey market expectations, which had indicated a grey market premium (GMP) of 0%.

As of 10:18 IST, traded volume reached 37.66 lakh shares with a traded value of ₹197 crore. Total market capitalisation stood at ₹7,994.26 crore. The buy and sell order book showed 7,43,748 shares on the buy side and 2,22,204 shares on the sell side, reflecting active investor participation. The stock is listed under equity with face value of ₹1, trading status active, and 52-week range of ₹508.10–₹534.

IPO Raised ₹1,540.65 Crore through Fresh Issue and Offer-for-Sale

BlueStone Jewellery’s IPO was a book-built issue of ₹1,540.65 crore, comprising a fresh issue of 1.59 crore shares aggregating ₹820.00 crore and an offer-for-sale of 1.39 crore shares aggregating ₹720.65 crore.

The IPO received total subscription of 2.72 times, with Qualified Institutional Buyers (QIBs, ex-anchor) subscribing 4.25 times, retail investors 1.38 times, and Non-Institutional Investors (NIIs) 0.57 times.

Anchor investors subscribed 1 time, contributing ₹693.29 crore. The IPO bidding ran from 11–13 August 2025, with allotment expected to be finalised on 14 August 2025. Axis Capital Ltd. was the book-running lead manager, while KFin Technologies Ltd. acted as the registrar.

Proceeds from the fresh issue, amounting to ₹750 crore, will primarily be used to support working capital requirements, with the remainder allocated to general corporate purposes.

Headquartered in Mumbai, BlueStone specialises in gold, diamond, gemstone, and platinum jewellery, combining an in-house design, manufacturing, and retail model. With 275 outlets across 117 cities, the company delivers both online and offline.

Disclaimer : This content is only for informational purpose. It does not make any recommendation to act or invest.

Source: NSE/ BSE