BLUESTONE IPO
Stocks in news: Reliance Industries, Eternal, Alkem Labs, BEL, HPCL, Swiggy and GMDC
Indian markets witnessed a downturn on Wednesday, prompted by significant selling in banking stocks. After showing initial promise, the Nifty 50 index dropped by 77.60 points to close at 22,811.35. Reliance Industries celebrated a reaffirmation from ICRA concerning its non-convertible debenture program, valued at Rs 12,000 crore. Eternal also reported impressive year-on-year growth in Q2 revenue and net profits.
BlueStone Jewellery shares make a muted debut on D-Street, list at 2% discount
BlueStone Jewellery shares debuted with a slight discount, opening at Rs 510 on NSE and Rs 508.80 on BSE, against an IPO price of Rs 517. The IPO, subscribed 2.72 times, saw strong QIB demand but faced tepid retail and NII interest.
Bluestone set to list on Tuesday: Here’s all you need to know about the IPO
The company’s initial share sale witnessed strong demand from institutional buyers and retail investors, but HNIs were not too enthused. In the grey market, shares of the omnichannel jewellery retailer are trading at nil premium.
BlueStone Jewellery IPO subscribed 2.7 times on Day 3; GMP slips below 1%
BlueStone plans to raise up to Rs 1,541 crore via its IPO, comprising a fresh equity issue of Rs 820 crore and an OFS of 1.39 crore shares by existing investors, including Accel India III, Saama Capital II, Kalaari Capital, Iron Pillar, and Sunil Kant Munjal.
BlueStone Jewellery IPO subscribed 40% on Day 2; GMP at 2%. Check key details
BlueStone Jewellery IPO: The latest Grey Market Premium (GMP) for BlueStone Jewellery’s IPO stands at ₹9–₹10 above the issue price of ₹517 per share, implying a potential listing price near ₹527 and an estimated gain of about 1.9% per share.
BlueStone Jewellery IPO booked 39% on Day 1 so far; GMP at nearly 2%. Should you apply?
BlueStone Jewellery's Rs 1,541 crore IPO witnessed a slow start, with subscriptions at 4% on day one and a modest grey market premium. The IPO, priced at Rs 492-517, aims to raise funds through fresh issues and an offer for sale. SBI Securities recommends subscribing for the long term, citing strong revenue growth and market position despite current losses.
BlueStone Jewellery's Rs 1,541 crore IPO opens for subscription; GMP at 2%. Check all details
BlueStone Jewellery and Lifestyle launched its IPO on August 11, aiming to raise Rs 1,541 crore through a fresh issue and offer for sale. The IPO, priced between Rs 492 and Rs 517 per share, will close on August 13.
BlueStone Jewellery IPO: BlueStone cuts IPO size to Rs 820 crore, to launch issue on August 11
BlueStone Jewellery IPO: BlueStone has scaled back its IPO size, aiming to raise Rs 820 crore in primary capital, less than the initially planned Rs 1,000 crore. The omnichannel jewellery retailer is eyeing a valuation of around Rs 7,800 crore with the public listing, lower than its previous funding round.
IPO-bound BlueStone geared for unicorn tag
Bluestone is preparing for its public market debut. 360 One and Centrum Wealth are facilitating secondary deals. These deals amount to Rs 300–350 crore. The transaction values Bluestone at Rs 10,500 crore. RB Investments will fully exit Bluestone through these deals. Bluestone's IPO includes a fresh capital raise. The company reported revenue of Rs 1,266 crore in fiscal 2024.
Four companies receive approval from Sebi for IPOs
The regulator issued its final observations on the draft papers last week. When a company receives a final observation from Sebi, it's a signal from the regulator to go ahead with the IPO process.
Bluestone likely to launch IPO at Rs 12,000-13,000 crore valuation; up 50% from last funding
Bluestone, a jewellery retailer, has filed for an IPO, aiming for a valuation of Rs 12,000-13,000 crore. The IPO will comprise ₹1,000 crore in new shares and Rs 2,000-2,100 crore from existing investors. This represents a significant jump from its Rs 8,100 crore valuation in August. Strong investor interest in the jewellery retail sector fuels this increase.
Jewellery retailer Bluestone files DRHP for IPO
The offer by the Bengaluru-based company consists of a fresh issue of Rs 1,000 crore and an OFS through which investors Accel, Saama Capital, Kalaari Capital, and Hero Group’s Sunil Kant Munjal will divest a total of 24 million shares. Investors such as Accel, Saama Capital, Kalaari Capital, and Hero Group’s Sunil Kant Munjal are looking to divest through the IPO's offer-for-sale (OFS) component.
Jewellery retailer Bluestone files for IPO, to sell fresh shares worth $118 million
Bluestone Jewellery and Lifestyle has filed for an IPO in India, aiming to raise $117.8 million by issuing fresh shares. Existing shareholders will also sell 24 million shares. The company plans to use the funds for working capital needs, capitalizing on India's growing jewellery market and booming IPO activity.
Accel India-backed BlueStone Jewellery and Lifestyle files DRHP for IPO
BlueStone Jewellery IPO: BlueStone Jewellery and Lifestyle has filed for an IPO to raise Rs 1,000 crore through a fresh issue and an offer for sale. The funds will primarily support working capital. The omnichannel jewellery retailer operates over 200 stores and boasts 95 unique collections, positioning it among India's top jewellery retailers.
Jewellery retailer Bluestone’s board clears IPO proposal
Bluestone’s board has approved an IPO to raise Rs 1,000 crore, with filing expected soon. While the pricing of the IPO hasn't been finalised, sources said it could be targeting a valuation of Rs 12,000-13,000 crore. Founded in 2011, it reported Rs 1,265.8 crore revenue in FY24 and aims to grow its retail footprint to 400 stores.
Bluestone IPO update; India’s GCC expansion
Happy Friday! Jewellery retailer Bluestone’s board has approved its initial public offering plan. This and more in today’s ETtech Morning Dispatch.
Bluestone bags Rs 900 crore in pre-IPO round, to file draft papers this year
Bluestone, a jewellery retailer, completed a Rs 900-crore funding round, boosting its valuation to $970 million. Key investors included Prosus and Peak XV Partners. Kalaari Capital – one of the early investors in the Bengaluru-based firm – has earned about Rs 300 crore by selling a part of its stake.
Peak XV, Steadview, and Think Investments line up to fund jewellery retailer Bluestone in pre-IPO round
Jewellery retailer Bluestone is in talks with Peak XV Partners, Steadview Capital, and Think Investments for a $100 million pre-IPO round. The investment is expected to value Bluestone at around $900 million pre-money.
Bluestone may turn unicorn in pre-IPO funding round
This funding round will more than double ominchannel jewellery retailer Bluestone's valuation from around $450 million in September 2023. Bengaluru-based Bluestone’s pre-IPO round is seeing interest from new and existing investors, encouraged by the Tata Group’s CaratLane deal where Titan bought out the founder’s (Mithun Sacheti) stake last year.
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