Bluestone Jewellery And Lifestyle Limited IPO

Bluestone Jewellery And Lifestyle Limited IPO

Mainboard NSE & BSE 100% Book Built Offer
Closed

Price Band

₹492 - ₹517

Total Issue

₹1,540.65 Cr

Bid Dates

11 Aug - 13 Aug

Subscription

2.70x

Est. GMP

₹0 (0.00%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

Bluestone is a leading omni-channel jewellery brand in India, offering contemporary diamond, gold, platinum, and studded jewellery. Launched in 2011, the brand sells through its website, mobile app, and a network of 275 stores across 117 cities in 26 States and Union Territories, including franchise outlets. Bluestone caters to modern women, men, and couples aged 25 to 45, who discover brands online and via social media. With a strong design focus and digital-first approach, Bluestone generates revenue from the sale of its high-quality, lifestyle-driven jewellery collections.

Lot Info

Lot Information for Bluestone Jewellery IPO
Category Lots Shares Amount
Retail (Min) 1 29 ₹14,993
Retail (Max) 13 377 ₹1,94,909
S-HNI (Min) 14 406 ₹2,09,902
S-HNI (Max) 66 1,914 ₹9,89,538
B-HNI (Min) 67 1,943 ₹10,04,531

Category Reservation

QIB 75%
NII 15%
Ret 10%
Employee
₹0.00
Shareholder
₹0.00

Issue Size

Total ₹1,540.65 Cr
Fresh Issue
₹820.00 Cr (1.59 Cr Shares)
Offer For Sale
₹720.65 Cr (1.39 Cr Shares)

Objects of Issue

  1. Funding our working capital requirements
  2. General Corporate Purposes

Grey Market Premium

GMP ₹0
Est. Price ₹517
Est. Gain 0.00%

Bluestone Jewellery IPO Peer Comparison

(Rs. in crores)

Bluestone Jewellery IPO Peer Comparison Table
Particulars Bluestone Titan Kalyan Jewel Senco Gold Thangamayil Jewel PC Jewel
Revenue from Ops (in Crs.) 1,770.00 60,456.00 25,045.07 6,328.07 4,910.58 2,244.60
PAT (In Crs.) -221.84 3,337.00 714.17 159.31 118.71 577.70
EPS - Basic -24.45 28.71 14.87 8.09 10.77 9.33
NAV per share 257.35 130.93 46.57 120.37 354.66 9.46
RONW -24.45% 28.71% 14.87% 8.09% 10.77% 9.33%
EBITDA 4.13% 9.42% 6.06% 5.81% 4.46% 17.62%
PAT Margin -12.53% 5.52% 2.85% 2.52% 2.42% 25.74%
Price to earning (PE) NA 88.14 84.10 31.17 45.47 22.76

All information pertains to FY 2024-25. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of August 1, 2025 for Peers

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Bluestone Jewellery IPO
Particulars Mar-25 Mar-24 Mar-23
Revenue from Operations 1,770.00 1,265.84 770.73
Profit after Tax -221.84 -142.24 -167.24
Total Equity 910.74 374.17 -71.83
Total Borrowing 728.62 430.43 228.42
Total Assets 3,532.28 2,453.49 1,255.49
NAV per share (in ₹) 257.35 206.13 -39.57
EPS - Basic (in ₹) -79.74 -78.36 -92.14

KPIs

EBITDA

4.13%

PAT

-12.53%

ROCE

-3.67%

Debt to Equity

0.67

PE Ratio

NA

PB Ratio

2.01

Mkt Cap (in Crs.)

7,823.26

All the data pertains to FY 2024-25. PE, PB, and market capitalization are calculated based on the Upper Price Band.

Shareholding

Promoter

18.28%

Public

81.72%

Gaurav Kushwaha 18.06%
Others 0.22%

Management

Gaurav Kushwaha Chairman, MD & CEO
Rumit Dugar CFO

Registrar & Lead Managers

Registrar

KFin Technologies

KFin Technologies

Subscription Status

Updated as on 13-Aug-2025 19:00:00

Mainboard Subscription Status for Bluestone Jewellery IPO
Category Sub (x) Offered Bids
QIB 4.25 89,39,939 3,79,61,783
NII 0.57 44,69,970 25,33,353
bHNI 0.68 29,79,980 20,32,813
sHNI 0.34 14,89,990 5,00,540
Retail 1.38 29,79,980 41,27,164
Total 2.72 1,63,89,889 4,46,22,300

Frequently Asked Questions

What is Bluestone Jewellery IPO?
Bluestone Jewellery IPO is a Mainboard IPO having an issue size of ₹1,540.65 Crs. Bluestone Jewellery IPO is priced at ₹492 - ₹517 per share. The issue opens on 11 Aug 25 and closes on 13 Aug 25.
When will Bluestone Jewellery IPO open?
Bluestone Jewellery IPO opens on 11 Aug 25 and closes on 13 Aug 25.
What is the GMP of Bluestone Jewellery IPO?
The estimated Grey Market Premium of Bluestone Jewellery IPO is ₹0 per share (0.00%).
What is the lot size of Bluestone Jewellery IPO?
The minimum lot size of Bluestone Jewellery IPO is 29 shares & the minimum application amount is Rs. 14993.
When is the allotment of Bluestone Jewellery IPO?
The allotment date of Bluestone Jewellery IPO is 14 Aug 25.
What is the listing date of Bluestone Jewellery IPO?
The listing date of Bluestone Jewellery IPO is 19 Aug 25.
What is the subscription of Bluestone Jewellery IPO?
Bluestone Jewellery IPO is subscribed 2.70 times.
What is the price band of Bluestone Jewellery IPO?
Bluestone Jewellery IPO is priced at ₹492 - ₹517 per share.
How to check allotment status of Bluestone Jewellery IPO?
Click the allotment link on Bluestone Jewellery IPO page of IPO360.
How to apply Bluestone Jewellery IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Bluestone Jewellery IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Bluestone Jewellery IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Bluestone Jewellery IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date