BlueStone IPO GMP at 1.74%, From Subscription Status, To Issue Size: All You Need To Know

BlueStone IPO: The Rs 1,541 crore initial public offering (IPO) of jewellery maker BlueStone Jewellery Limited opened for subscription on Monday, August 11. The Bangalore-headquartered jewellery maker aims to raise funds through a combination of fresh issue and offer for sale (OFS). BlueStone IPO GMP, stood at 1.74%

The BlueStone IPO has been priced at the range of Rs 492-517 per share, and the issue will close for subscription on August 13. The mainboard IPO comprises an offer for sale of up to 1.39 crore shares by current shareholders, including Accel India III, Saama Capital II, Kalaari Capital Partners, Hero Enterprises' Sunil Kant Munjal, etc. Here are all the details about BlueStone IPO.

BlueStone IPO GMP Today

BlueStone IPO's grey market premium (GMP) stood at Rs 9 per share, according to Chittorgarh.com at 8:54 am on Monday. The company has fixed an upper price band of Rs 517, hence the BlueStone IPO is estimated to be listed at a price of Rs 526 per share (cap price + today's GMP). According to the website, the expected percentage gain and loss per share is 1.74%. Investors must note that an IPO's GMP is not an official indicator of its listing price and is based on speculation.

BlueStone IPO Issue Size

The IPO has been launched with a bookbuilding of Rs 1,540.65 crore. The issue is a combination of fresh issue of 1.59 crore shares, equivalent to Rs 820 crores and an OFS of 1.39 crore shares, equivalent to Rs 720.65 crores.

BlueStone IPO Key Dates

The IPO opened for subscription on Monday and will close on Wednesday, August 11. The allotment for the BlueStone Jewellery IPO will be listed on BSE and NSE. The BlueStone listing date is yet to be confirmed, however, the company is likely to enter into the Indian stock market on August 19.

BlueStone IPO Price Band

The company has fixed a price band between Rs 492-517 crore. The lot size for an application is 29. An individual can invest a minimum amount of Rs 14,268 in the IPO to purchase a lot of 29 shares. The lot size for net institutional investors is 14 lots, ie 406 shares, equivalent to Rs 2,09,902.

The company plans to use the raised funds from IPO for working capital needs, allocating Rs 750 crore for this purpose, while the remainder will go towards general corporate expenses. Axis Capital, IIFL Capital Services, and Kotak Mahindra Capital are serving as the book running lead managers for this issue.

About BlueStone Company

Bengaluru-based BlueStone operates as a digital-first omni-channel jewellery retailer. It offers diamond, gold, platinum, and studded jewellery under its flagship brand. As of March 2025, BlueStone had expanded to 275 stores across 117 cities alongside an online platform showcasing over 7,400 designs.

The company's revenue from operations has shown significant growth over recent years. It increased from Rs 771 crore in FY23 to Rs 1,770 crore in FY25, reflecting a compound annual growth rate (CAGR) of nearly 52%. However, despite this growth in revenue, BlueStone reported a loss of Rs 222 crore in FY25 compared to a loss of Rs 14 crore the previous year due to expansion and marketing expenses.