In the gray market, the response to this issue has been relaxed, IPO trading is at a normal premium of only 0.4% above its issue price of Rs 517 per share.
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Bluestone Jewelry IPO GMP Today:
The latest Gray Market Premium (GMP) for Bluestone Jewelry IPO is Rs. The issue price of 517 will be between Rs 2-4. This points to a possible list of approximately Rs 520, indicating a modest estimated advantage of about 0.4% per share.
However, it is important to remember that the Gray Market Premium (GMP) reflects the spirit and demand in an unofficial, uncontrolled market where the list is shared before.
Bluestone Jewelry IPO Subscription Status:
As of 10: 10 in the morning on the 2nd day, Bluestone Jewelery’s IPO has achieved 66% overall subscription rate on stock exchanges, reflecting the moderate level of interest of investors so far.
Retail personal investors (RIIs) have subscribed 77% of their allotted 30.60 lakh shares. This suggests a cautious but significant partnership of small investors, indicating measured confidence in offering fur. Non-institutional investors (NIIs)-which include high-net-worth individuals and corporate investors-are only 23% of the 45.90 lakh shares allocated to them. This shows slow consumption from big investors at this time.
Meanwhile, qualified institutional buyers (QIBS), including mutual funds, insurance companies and other institutional players, show relatively strong interest, subscribing to 85% of their 88.62 lakh shares allocation.
Bluestone Jewelry IPO – Key Highlights
Bluestone Jewelry has announced its initial public offering running (IPO), with a share of Rs. There is a band from Rs 492 to Rs 517. At the upper limit of this band, the company is estimated to be around Rs 7,823 crore.
In front of the IPO launch, Bluestone received Rs 693 crore from anchor investors.
The purpose of the company is Rs. 1,541 crore is to be increased, including fresh equity issues worth Rs 820 crore and sale of 1.39 crore shares (OFS) by existing shareholders. The OFS includes Axel Bharat III (Mauritius), Sangha Capital II, Kalari Capital Partners, Iron Pillar Funds and Sunil Kant Munjal of Hero Enterprise.
Investors can apply at least 29 shares and then multiplied. Issue allocation has been distributed as 75% for eligible institutional buyers (QIBS), 15% for non-institutional investors (NIIS) and 10% for retail investors. Bluestone shares will be listed on both BSE and NSE, with a date set for August 19.
Founded in Bengaluru, Bluestone is a digital-first, Omni-channel jewelry retailer that offers an extensive collection of diamonds, gold, platinum and studded jewels.
Bluestone Jewelry Financial Overview
Bluestone has shown strong income growth, with operating income growing at an annual growth rate (CAGR) of about 52%, which is Rs. 771 crore to 1,770 crore in the financial year 25. However, it has reported a net loss of Rs 222 crore in FY 25, which has increased by a loss of Rs 14 crore in FY 24, mainly due to marketing costs and store expansion.
Raised Funds from the latest issues will mainly support the working capital requirements of Rs 750 crore, the rest will be allocated to general corporate purposes.
Axis Capital, IIFL Capital Services and Kotak Mahindra are lead managers running the book for Capital IPOs, while KFIN technologies will serve as registrars.
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Bluestone has strengthened the position as the leading Omachal Jewelery Retailer in India, which accounts for a significant 28–32% of the Omicnal Casual Jewelry Market. Its strong focus on design innovation and the quality of the best product has helped maintain a healthy total margin. In addition, the company’s repetitive income ratio has increased to 44.6% in the fiscal year 25, which was 34.7% in FY 23, which shows the loyalty and satisfaction of growing customer.
At a high price band of Rs 517 per share, Bluestone is worth 4.5x EV/sales, which is a premium compared to its publicly listed competitors. Nevertheless, its aggressive store expansion in the last two years, with proven track records of steady income growth, gives the company a good place to earn a fast-growing, high-margin lightweight jewelry segment.
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As new stores mature and their sales organize with a system-wide average, profitability is expected to improve. Considering these factors, we will advise investors to subscribe to IPOs at a cut-price price from a long-term investment point of view, ”said Brokerj.
(Connection: The recommendations, suggestions, opinions and opinions provided by experts have their own. This does not represent opinions of economic time)
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