BlueStone Jewellery sets IPO price band at Rs 492-517 per share

BlueStone Jewellery IPO

BlueStone Jewellery and Lifestyle, which offers contemporary jewellery under its flagship brand 'BlueStone', on August 6 fixed a price band of Rs 492 to Rs 517 per share for its initial public offering (IPO).

The company's maiden public issue will be open for subscription from August 11 to August 13, according to a statement.

The IPO involves a fresh issue of Rs 820 crore and offer for sale (OFS) of 1,39,39,063 equity shares worth Rs 720.65 crore, at the upper end of the price band. This aggregates the transaction size to Rs 1,540.65 crore.

Those selling shares through the OFS include Kalaari Capital Partners II, LLC, Saama Capital II, Ltd., Sunil Kant Munjal (and other partners of Hero Enterprise Partner Ventures) and others.

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.

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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.

Axis Capital, IIFL Capital Services, and Kotak Mahindra Capital Company are the book-running lead managers to the issue. The equity shares are proposed to be listed on the BSE and NSE.