Editor’s Note
BlueStone Jewellery’s initial public offering (IPO) opens for subscription today, August 11. The ₹1,540.65 crore issue comprises a fresh issue of shares and an offer for sale.
BlueStone Jewellery IPO: The BlueStone Jewellery IPO opens for retail investors today, i.e., August 11. The size of the company’s IPO is Rs 1540.65 crore. In this issue, the company will issue shares to investors under fresh shares and offer for sale.
The BlueStone Jewellery IPO opens for retail investors today, i.e., August 11. The size of the company’s IPO is Rs 1540.65 crore. The company has informed that investors will be offered 1.59 crore fresh shares and 1.39 crore shares through an offer for sale. The BlueStone Jewellery IPO will remain open until August 13, 2025. The share allotment is proposed for August 14, and listing on BSE and NSE is proposed for August 19.
The price band for the BlueStone Jewellery IPO has been set at Rs 492 to Rs 517 per share. The company has created a lot of 29 shares. Consequently, retail investors will have to bet a minimum of Rs 14,268, while Non-Institutional Investors (NII) will have to bet on 406 shares (14 lots) at once.
At least 75 percent of the company’s IPO is reserved for Qualified Institutional Buyers. Meanwhile, a maximum of 10 percent share will be reserved for retail investors. For NIIs, a maximum of 15 percent share will be reserved.
The BlueStone Jewellery IPO is struggling in the grey market. According to a report by Investors Gain, the company’s IPO is trading at a premium of Rs 9 in the grey market today, i.e., Monday. There has been no change in today’s GMP compared to yesterday. However, on August 9, this IPO was trading at a premium of Rs 16. Whereas on August 6, the GMP was Rs 35. Thus, since then until today, only a decline in GMP has been witnessed. This is a concerning matter for investors. Now it remains to be seen what kind of response this IPO receives from investors amid selling pressure in the market.