Bluestone Jewellery IPO

BlueStone Jewellery is launching an IPO worth Rs 1,540.65 crores through a bookbuilding process, comprising a fresh issue of shares worth Rs 820.00 crores and an offer for sale amounting to Rs 720.65 crores. The IPO will open for subscription from August 11 to August 13, 2025, with allotment expected on August 14 and a tentative listing on BSE and NSE on August 19. The price band is set between Rs 492 to Rs 517 per share, with a lot size of 29 shares requiring a minimum retail investment of Rs 14,268. For sNII, the application size is 14 lots (Rs 2,09,902), and for bNII, it is 67 lots (Rs 10,04,531). Axis Capital is the lead manager and Kfin Technologies is the registrar for the issue.

Company Financials

You can get the following financial statements of Bluestone Jewellery as of now.

BlueStone Jewellery IPO Details

The details about the BlueStone Jewellery IPO are as follows:

  • The issue size of the IPO is Rs 1,540.65 Cr.
  • The price band for BlueStone Jewellery IPO is Rs 492 to Rs 517.
  • The shares of BlueStone Jewellery IPO will list on BSE and NSE.
  • The latest tentative GMP of BlueStone Jewellery IPO is Rs 9.
  • The shares of BlueStone Jewellery IPO are subscribed 2.71 Times.

 

BlueStone Jewellery IPO Valuation

The approximate valuation of BlueStone Jewellery IPO based on its price band and RHP is:

Particulars Value
Upper Price Band Rs 517
Existing Shares (Qty) 13.54 Cr
Fresh Issue Rs 820 Cr
Market Cap Rs 7820.18 Cr
EPS (FY25) Rs -79.74
Industry PE 55.45x

 

BlueStone Jewellery IPO Issue Size

BlueStone Jewellery IPO issue size is Rs 1,540.65 Cr.

Issue Amount
Fresh Issue Rs 820.00 Cr
Offer For Sale Rs 720.65 Cr

 

BlueStone Jewellery IPO Market Lot

An individual can apply for a minimum of 1 lot of 29 shares and a maximum of 13 lots (377 shares). Find the details below:

Application Lot Shares Amount
Retail Minimum 1 29 Rs 14,993
Retail Maximum 13 377 Rs 1,94,909

 

BlueStone Jewellery IPO Share Offer

The shares of BlueStone Jewellery IPO are subscribed 2.72 Times. The category-wise shares offered are as follows:

Category % Offered
Qualified Institutional Not less than 75%
Non-Institutional Not more than 15%
Retail Individual Not more than 10%

 

BlueStone Jewellery IPO GMP (Grey Market Premium)

As on GMP (Tentative)
11 August 2025 Rs 11
13 August 2025 Rs 9

BlueStone Jewellery IPO GMP is purely for informational purposes. Invest in an IPO after thoroughly researching on your own.

BlueStone Jewellery IPO Dates

Find below the dates for BlueStone Jewellery IPO

Schedule Date
Basis of Allotment 14 Aug 2025
Refunds 18 Aug 2025
Credit to Demat Account 18 Aug 2025
IPO Listing Date 19 Aug 2025

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Net Sales 244.56 461.36 770.73 1265.84 1770
Total Expenditure 261.11 1697.14 826.48 1212.35 1693.54
Operating Profit -16.55 -1235.79 -55.76 53.49 76.46
Other Income 7.65 15.31 17.17 37.93 59.92
Interest 9.44 18.77 66.96 138.4 208.12
Depreciation 13.14 22.07 61.69 95.27 147.48
Exceptional Items 0 0 0 0 0
Profit Before Tax -31.48 -1261.31 -167.24 -142.24 -219.21
Provision for Tax 0 7.1 0 0 0
Net Profit -31.48 -1268.41 -167.24 -142.24 -219.21
Adjusted EPS (Rs.) -3.42 -69.69 -9.21 -7.83 -6.22

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity and Liabilities
Share Capital 0.91 1 9.23 27.9 29.66
Total Reserves -571.55 -1837.23 -81.06 346.28 883.69
Borrowings 574.61 1836.09 44.22 185.14 197.28
Other N/C liabilities 91.5 246.25 497.54 466.02 722.98
Current liabilities 130.8 314.8 785.55 1428.16 1701.01
Total Liabilities 226.26 560.9 1255.49 2453.49 3534.62
Assets
Net Block 75.02 215.06 444.63 585.05 1012.69
Capital WIP 0.23 0.29 0.8 16.66 4.36
Intangible WIP 0 0 0 0 1.03
Investments 0 0 0 0 27.3
Loans & Advances 18.62 44.96 89.06 140.45 213.65
Other N/C Assets 0 0 0 373.97 161.7
Current Assets 132.39 300.59 720.99 1337.36 2113.9
Total Assets 226.26 560.9 1255.49 2453.49 3534.62
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2025
Other Income 11.89
Profit Before Tax -32.79
Tax 0
Profit After Tax -32.79
Adjusted EPS (Rs) -9.31

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Aug 2025 16.36 0
Jun 2025 16.36 0
Mar 2023 0 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Profit from operations -31.48 -1261.31 -167.24 -142.24 -219.21
Adjustment 17.12 1231.12 137.24 224.05 346.45
Changes in Assets & Liabilities 53.2 55.75 57.66 -260.62 -783.97
Tax Paid -0.18 -0.49 -0.53 -2.36 -8.11
Operating Cash Flow 38.66 25.08 27.13 -181.16 -664.84
Investing Cash Flow -42.55 -71.38 -204.83 -381.65 -90.95
Financing Cash Flow 8.58 45.38 196.08 594.85 739.72
Net Cash Flow 4.69 -0.93 18.39 32.04 -16.08
X