BlueStone Jewellery IPO fully subscribed on final day of bidding, led by QIB, retail investors - check latest GMP

BlueStone Jewellery IPO sees robust subscription.

BlueStone Jewellery IPO got subscribed 2.05 times so far on the final day of share sale on Wednesday. The three-day IPO received bids for 3.37 crore shares against 1.65 crore shares on offer, according to data available with the NSE, till 2:10 p.m.

The Qualified Institutional Buyers (QIBs) portion got subscribed 3.22 times while the quota for Retail Individual Investors (RIIs) received 1.09 times subscription. The category for non-institutional investors fetched 42 percent subscription.

BlueStone Jewellery and Lifestyle Ltd offers contemporary jewellery under its flagship brand 'BlueStone'. The company earlier raised over Rs 693 crore from anchor investors. The issue, with a price band of Rs 492-517 per share, will conclude on Wednesday.

According to websites tracking the grey market activities, the shares of BlueStone Jewellery are commanding a flat GMP in the unregulated market.

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Proceeds from the fresh issue will be used to fund its working capital requirements and general corporate purposes.

The Bengaluru-based company introduced its 'BlueStone' brand in 2011 and has since grown into a leading name among jewellery retailers in the country. It has a network of 275 stores across 117 cities in 26 states and Union Territories, covering over 12,600 PIN codes across India as of March 31, 2025. The company operates three manufacturing facilities in Mumbai, Jaipur, and Surat.

BlueStone Jewellery IPO shares will be listed on the BSE and NSE on August 19, while the allotment is expected on August 14.

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