BlueStone Jewellery IPO – Key Details and Investment Highlights
The BlueStone Jewellery IPO will open for subscription on August 11, 2025, and close on August 13, 2025. It is a book-built issue, aiming to raise approximately ₹1,540.65 crores. The IPO comprises a fresh issue of equity shares worth ₹820 crores and an offer for sale (OFS) of up to 1,39,39,063 equity shares with a face value of ₹1 each.
The price band for the IPO has been set at ₹492 to ₹517 per equity share. The allocation quota for investors is divided as follows: 75% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (HNI), and 10% for retail investors. The allotment is expected to be finalized on August 14, 2025, and the shares are proposed to be listed on the BSE on August 19, 2025.
In terms of financial performance, BlueStone Jewellery reported revenue of ₹1,830.04 crores in FY2025, compared to ₹1,303.49 crores in FY2024. However, the company also reported a net loss of ₹221.84 crores in FY2025, up from a loss of ₹142.24 crores in FY2024.
BlueStone Jewellery IPO Objectives:
- To fund the company’s working capital requirements
- To meet general corporate purposes
BlueStone Jewellery IPO Review (Apply or Not)
- May Apply
BlueStone Jewellery IPO Date & Price Band Details:
| IPO Open Date: | August 11, 2025 |
| IPO Close Date: | August 13, 2025 |
| Face Value: | ₹1 Per Equity Share |
| IPO Price Band: | ₹492 to ₹517 Per Share |
| Issue Size: | Approx ₹1,540.65 Crores |
| Fresh Issue: | Approx ₹820 Crores |
| Offer for Sale: | Approx 1,39,39,063 Equity Shares |
| Lot Size: | 29 Shares |
| Issue Type: | Book Build Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 10% |
| QIB Quota: | Not more than 75% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
BlueStone Jewellery IPO Lot Size:
The minimum lot size for the BlueStone Jewellery IPO is 29 shares, requiring an application amount of ₹14,993. Retail investors can apply for up to 13 lots, totaling 377 shares, with a maximum investment of ₹1,94,909.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 29 | ₹14,993 |
| Retail Maximum | 13 | 377 | ₹1,94,909 |
| S-HNI Minimum | 14 | 406 | ₹2,09,902 |
| B-HNI Minimum | 67 | 1,943 | ₹10,04,531 |
BlueStone Jewellery IPO Allotment & Listing Date (Details)
The BlueStone Jewellery IPO will open on August 11 and close on August 13, 2025. The allotment of shares is expected to be finalized on August 14, 2025, with the listing scheduled on the BSE for August 19, 2025.
| IPO Open Date: | August 11, 2025 |
| IPO Close Date: | August 13, 2025 |
| Basis of Allotment: | August 14, 2025 |
| Refunds: | August 18, 2025 |
| Credit to Demat Account: | August 18, 2025 |
| IPO Listing Date: | August 19, 2025 |
BlueStone Jewellery IPO GMP Today:
The last recorded Grey Market Premium (GMP) for the BlueStone Jewellery IPO is ₹35. Based on the upper price band of ₹517, the estimated listing price is approximately ₹552 per share. This implies a potential listing gain of 6.77% per share.
Promoter of BlueStone Jewellery IPO
The promoter of BlueStone Jewellery Limited is Mr. Gaurav Singh Kushwaha.
BlueStone Jewellery IPO – Financial Performance
BlueStone Jewellery reported a revenue of ₹1,830.04 crores for the financial year 2025, up from ₹1,303.49 crores in 2024. However, the company incurred a net loss of ₹221.84 crores in 2025, compared to a loss of ₹142.24 crores in the previous year.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2023 | ₹787.89 | ₹955.14 | ₹167.24 | ₹1,255.49 |
| 2024 | ₹1,303.49 | ₹1,445.73 | ₹142.24 | ₹2,453.49 |
| 2025 | ₹1,830.04 | ₹2,049.93 | ₹221.84 | ₹3,532.28 |
BlueStone Jewellery IPO Valuation – FY2025
Investors can review the key valuation metrics of BlueStone Jewellery IPO for FY2025, including Earnings Per Share (EPS), Price-to-Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV).
| KPI | Values |
| ROE: | -% |
| ROCE: | (3.67)% |
| EBITDA Margin: | 4.13% |
| PAT Margin: | (12.53)% |
| Debt to equity ratio: | 0.67 |
| Earning Per Share (EPS): | ₹(79.74) (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | (24.45)% |
| Net Asset Value (NAV): | ₹66.94 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Titan Company Limited | 37.62 | 88.14 | 28.71 | 130.93 | 60,456 Cr. |
| Kalyan Jewellers India Limited | 6.93 | 84.10 | 14.87 | 46.57 | 25,045.07 Cr. |
| Senco Gold Limited | 10.09 | 31.17 | 8.09 | 120.37 | 6,328.07 Cr. |
| Thangamayil Jewellery Ltd | 42.00 | 45.47 | 10.77 | 354.66 | 4,910.58 Cr. |
| PC Jeweller Limited | 1.13 | 22.76 | 9.33 | 9.46 | 2,244.60 Cr. |
BlueStone Jewellery IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: bluestone.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
IPO Lead Managers aka Merchant Bankers
- Kotak Mahindra Capital Company Limited
- Axis Capital Limited
- IIFL Capital Services Limited
BlueStone Jewellery Company Address
BlueStone Jewellery & Lifestyle Ltd.
Site No. 89/2, Lava Kusha Arcade,
Munnekolal Village, Outer Ring Road,
Marathahalli
Bangalore Urban, Karnataka, 560037
Phone: +91 22 4515 2729
Email: investor.relations@bluestone.com
Website: https://www.bluestone.com/
BlueStone Jewellery IPO – Frequently Asked Questions (FAQs)
Q1. What are the BlueStone Jewellery IPO opening and closing dates?
The BlueStone Jewellery IPO will open on August 11, 2025, and close on August 13, 2025.
Q2. What is the price band of the BlueStone Jewellery IPO?
The IPO price band is set between ₹492 and ₹517 per equity share.
Q3. What is the lot size for the BlueStone Jewellery IPO?
The minimum lot size is 29 shares. Retail investors can apply for up to 13 lots (377 shares).
Q4. What is the total issue size of the BlueStone Jewellery IPO?
The IPO aims to raise approximately ₹1,540.65 crores, which includes a fresh issue of ₹820 crores and an offer for sale of up to 1,39,39,063 equity shares.
Q5. Who is the promoter of BlueStone Jewellery?
The promoter of the company is Mr. Gaurav Singh Kushwaha.
Q6. When will the IPO allotment be finalized?
The allotment of shares is expected to be finalized on August 14, 2025.
Q7. When is the BlueStone Jewellery IPO listing date?
The shares are proposed to be listed on the BSE on August 19, 2025.
Q8. What is the Grey Market Premium (GMP) for BlueStone Jewellery IPO?
As of August 6, 2025, the latest GMP is ₹35, indicating an estimated listing price of ₹552 and a potential gain of 6.77%.
Q9. What will the IPO proceeds be used for?
The net proceeds from the IPO will be used for funding working capital requirements and general corporate purposes.
Q10. Is BlueStone Jewellery IPO a good investment?
While the company has shown strong revenue growth, it continues to report losses. Investors with a long-term view may consider applying after evaluating the risks and fundamentals.
