BlueStone Jewellery IPO: GMP, Price Band, Key Dates & Financial Highlights
- Krishna Priya
- 6 days ago
- 2 min read
The company has set a price band of ₹492–₹517 per share. Retail investors can apply for a minimum of 29 shares, requiring a minimum investment of ₹14,993 at the upper price band.
IPO Snapshot
Total Issue Size | ₹1,540.65 Cr |
Fresh Issue | ₹820.00 Cr |
Offer for Sale | ₹720.65 Cr |
Price Band | ₹492 – ₹517 per share |
Lot Size | 29 shares |
Minimum Investment | ₹14,993 (at upper band) |
Listing | NSE & BSE |
IPO Opens | August 11, 2025 |
IPO Closes | August 13, 2025 |
BlueStone Jewellery and Lifestyle Ltd, established in 2011, is a Bengaluru-based omnichannel jewellery retailer known for its data-driven merchandising and premium positioning. The company offers more than 8,000 unique designs across gold, diamond-studded, and platinum jewellery. Its hybrid model integrates online engagement with offline scale, operating over 165 showrooms across 57 cities as of May 2024.
With a strong focus on design innovation and digital-first personalization, BlueStone serves a younger, urban customer base. Key investors include Peak XV (formerly Sequoia India), Accel, IvyCap Ventures, and Ratan Tata.
Financial Performance
Period Ended | Revenue (₹ Cr) | Profit After Tax (PAT) (₹ Cr) |
31 Mar 2025 | 1,770.02 | -221.87 |
31 Mar 2024 | 1,265.84 | -142.24 |
31 Mar 2023 | 770.7 | -167.24 |
Grey Market Premium (GMP)
As of now, the Grey Market Premium (GMP) for BlueStone IPO is ₹35. Based on the upper price band of ₹517, the estimated listing price stands at ₹552, implying a potential gain of about 6.77% per share.
Peer Comparison
Company Name | CMP (₹) | Market Cap (₹ Cr) | P/E | Sales (₹ Cr) | OPM % | PAT 12M (₹ Cr) |
BlueStone | — | — | — | 1,770.02 | — | -221.87 |
Titan Company Ltd | 3,414.45 | 3,03,130.17 | 90.84 | 60,456.00 | 9.42 | 3,336.26 |
Kalyan Jewellers | 581.90 | 60,046.03 | 84.11 | 25,045.07 | 6.06 | 714.17 |
Senco Gold Ltd | 332.80 | 5,447.31 | 32.90 | 6,258.68 | 5.92 | 165.37 |
Thangamayil Jewellery | 1,951.80 | 6,066.57 | 56.23 | 5,252.10 | 4.19 | 107.86 |
PC Jeweller Ltd | 13.89 | 9,133.15 | 15.67 | 2,568.35 | 18.31 | 583.55 |
Use of Proceeds
BlueStone BlueStone Jewellery's IPO will use ₹462.17 crore from the fresh issue to open 82 new showrooms by FY27 and ₹145 crore for working capital needs. The rest will go toward general corporate purposes. The ₹720.65 crore OFS allows partial exits by early investors like Accel, Saama Capital, Kalaari, and Iron Pillar.
Disclaimer: This content is for educational purposes only; please conduct your own research and consult with a qualified investment advisor before making any investment decisions.
Want to read more?
Subscribe to finsightsbysquareleague.com to keep reading this exclusive post.
