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BlueStone Jewellery IPO Allotment: Investors who applied for BlueStone Jewellery and Lifestyle Ltd’s Initial Public Offering (IPO) will find out today whether they’ve been allotted shares, as the company is set to finalise the allotment status on Thursday, August 14. The Rs 1,540.65-crore IPO, which ran from August 11 to 13, saw moderate interest overall, ending with a subscription of 2.7 times the shares on offer.
QIBs Drive Demand, While Retail and HNI Interest Remains Soft
By the end of bidding on August 13, the offer received applications for nearly 4.5 crore shares, against 1.65 crore shares on offer.
Here's how different investor segments responded:
Qualified Institutional Buyers (QIBs): 4.28 times subscribed
Retail investors: 1.35 times subscribed
Non-Institutional Investors (NIIs): Only 0.55 times subscribed
While institutional demand was strong, retail interest was moderate and high-net-worth individuals stayed largely on the sidelines.
IPO Structure and Next Steps
The IPO included:
A fresh issue of shares worth Rs 820 crore
An Offer-for-Sale (OFS) of 1.39 crore shares by existing shareholders
The price band was set between Rs 492 and Rs 517 per share.
Investors can check their share allotment status on the websites of BSE, NSE, or through the registrar KFin Technologies Ltd.
Refunds for unallocated shares and Demat credits for successful applicants will be processed by August 18
The company’s shares are expected to list on August 19, subject to final approvals
About BlueStone
Founded in 2011, BlueStone is a digital-first jewellery brand with a growing omnichannel presence. It specialises in gold, diamond, platinum, and gemstone jewellery, offering over 8,000 unique designs.
The company runs an in-house design, manufacturing, and retail model, and sells through both online platforms and physical stores, positioning itself as a modern, accessible luxury brand.
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