BlueStone Jewellery’s IPO Priced at ₹492–₹517 per Share, Opens August 11

Bengaluru: Jewellery retailer BlueStone Jewellery & Lifestyle has announced the price range for its upcoming IPO, which will open for public subscription next week. The company has set the share price band between ₹492 and ₹517 per equity share, with bidding set to start on August 11 and close on August 13

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The public offer is expected to raise a total of ₹1,540.65 crore. Out of this, ₹820 crore will come from the issue of fresh shares, while ₹720.65 crore will be raised through an Offer for Sale (OFS), where early investors are selling part of their stakes.

For retail investors, the minimum investment will be 29 shares, which amounts to ₹14,268 if applying at the highest price point. Interested bidders can apply in multiples of 29 shares thereafter.

Early Investors Look to Cash Out

Several of BlueStone’s early backers are expected to reduce their holdings via the OFS. These include venture capital funds and individual promoters who have been part of BlueStone’s journey over the years. The IPO will provide them a partial exit while inviting new public shareholders.

Store Network & Business Focus

BlueStone is known for its mix of physical showrooms and a strong digital presence. The company currently operates more than 275 stores across 117 Indian cities. Over time, the brand has built a large product portfolio that covers diamond, gold, platinum, and designer jewellery collections that appeal to India’s evolving customer base.

Use of IPO Proceeds

The funds raised through the fresh issue will be used to meet working capital needs and finance future expansion plans. A portion of the funds will also go towards general corporate purposes, supporting the company’s operational growth.

Important Dates to Remember:

• Anchor investors will be allocated shares on August 8.

• Public subscription window will open from August 11 to August 13.

• Allotment is expected to be finalized by August 14.

• Shares are likely to list on BSE and NSE by August 19.

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Target Valuation

Once listed, BlueStone is aiming for a valuation close to ₹7,800 crore. With a solid offline presence and a growing online customer base, the company is positioning itself as a key player in India’s organised jewellery market.

Recap Table:

Detail	Information
IPO Price Band	₹492–₹517 per share
IPO Open & Close Dates	August 11–13, 2025
Issue Size	₹1,540.65 crore
Fresh Issue Portion	₹820 crore
OFS Portion	₹720.65 crore
Minimum Investment	29 shares (₹14,268 at ₹517 per share)
Listing Date (Tentative)	August 19, 2025
Estimated Valuation	₹7,800 crore