【India】IPO Alert: BlueStone Jewellery IPO Enters Second Day, What Do Experts Say?

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Editor’s Note

This article provides key details about BlueStone Jewellery’s ongoing IPO, including its price band, subscription dates, and fundraising structure.

ब्लूस्टोन ज्वैलरी के आईपीओ आज दूसरा दिन
BlueStone Jewellery IPO Day 2

BlueStone Jewellery Limited’s Initial Public Offering (IPO) entered the primary market on Monday. The IPO subscription will remain open until August 13, 2025. The jewellery company has set the price band for the BlueStone IPO at ₹492 to ₹517 per equity share. The company aims to raise ₹1,540.65 crore, of which ₹820 crore will be raised through fresh issue of shares. The remaining ₹720.65 crore is reserved for the Offer for Sale (OFS).

After the BlueStone Jewellery IPO subscription opened, the company’s shares are available in the grey market. According to market observers, BlueStone Jewellery shares are available at a premium of ₹9 in the grey market today.

Is the IPO Good or Bad for Investors? Expert Opinions
“BlueStone has demonstrated strong topline growth and increasing brand strength, but the lack of profitability, negative margins, and expensive valuation raise concerns. Return on equity remains deeply negative, and meaningful PAT (Profit After Tax) may still be 2-3 years away.”

This was stated by Gaurav Goyal, Founder and Director of Finocrat Technologies.

“With proceeds aimed at funding store expansion and working capital, BlueStone is well-positioned to capture India’s growing jewellery demand. While near-term volatility is likely, the long-term growth story is bright.”

Jain concluded.

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⏰ Published on: August 12, 2025