BlueStone Jewellery shares make weak debut, listing at ₹510, down 1.35% from IPO worth

BlueStone Jewellery & Lifestyle IPO Listing: BlueStone Jewellery & Lifestyle shares made a muted however detrimental debut on the bourses on Tuesday, August 19, itemizing at ₹510 on NSE, a reduction of 1.35 per cent to its subject worth of ₹517. Meanwhile, on BSE, it listed at 508.80, down 1.59 per cent from the IPO worth.

The BlueStone Jewellery & Lifestyle IPO itemizing worth was beneath expectations, because the gray market premium and analysts’ alerts indicated a modest debut with a gentle premium. 

The ₹1,540.65 crore IPO acquired a good response from traders throughout its subscription window, from August 11 to August 13, with an general subscription of two.72 occasions. The subject noticed bids for 4.46 crore shares in opposition to the 1.63 crore shares out there.

Investor curiosity was led by Qualified Institutional Buyers (QIBs), who subscribed to their allotted portion 4.25 occasions. Retail traders subscribed their quota 1.38 occasions, whereas Non-Institutional Investors (NIIs) confirmed comparatively muted demand, with their portion subscribed simply 0.57 occasions.

About BlueStone Jewellery IPO

The BlueStone IPO comprised a contemporary subject of 1.59 crore fairness shares price ₹820 crore, together with an offer-for-sale of 1.39 crore shares aggregating to ₹720.65 crore.

For retail traders, the minimal lot measurement was fastened at 29 shares, requiring an funding of ₹14,993. The subject reserved 75 per cent of the web provide for Qualified Institutional Buyers (QIBs), 15 per cent for Non-Institutional Investors (NIIs), and 10 per cent for retail traders.

BlueStone stated the proceeds from the IPO could be utilised to satisfy its working capital necessities and for common company functions. Ahead of the problem opening, the corporate raised ₹693.29 crore from anchor traders on August 8, 2025. Axis Capital acted because the book-running lead supervisor, whereas Kfin Technologies was the registrar to the problem.

About the Company

BlueStone Jewellery and Lifestyle Limited is engaged within the manufacturing and retailing of diamond, gold, platinum, and studded jewelry beneath its flagship model BlueStone. The firm has established a robust pan-India presence, working 275 shops. The model provides a complete product vary, together with rings, earrings, necklaces, pendants, solitaires, bangles, bracelets, and chains

The firm talked about in its RHP that its key rivals embody CaratLane, Kalyan Jewellers, Senco Gold, Titan (Tanishq), PC Jeweller”>PC Jeweller, and Thangamayil Jewellery.

As per Bluestone Jewellery and Lifestyle’s RHP, the corporate reported a robust top-line efficiency for the fiscal 12 months ended March 31, 2025, with income from operations rising greater than 40 per cent to ₹1,830.04 crore, up from ₹1,303.49 crore within the earlier 12 months.

Despite the sturdy income development, the corporate’s internet loss widened to ₹221.84 crore in FY25 from ₹142.24 crore in FY24. On the working entrance, EBITDA improved by practically 38 per cent, reaching ₹73.16 crore in comparison with ₹53.05 crore within the prior fiscal.

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