Bluestone

Titan delivered a strong quarter with its core jewellery business growing 18.8 per cent year-on-year (Y-o-Y), backed by 14 per cent like-to-like (LTL) growth.

Bluestone Jewellery IPO: Check latest subscription status, grey market premium (GMP), price band, reviews, allotment date, listing date and other key details here

Bluestone Jewellery IPO has been subscribed to only 44 per cent so far, receiving bids for 7.34 million shares compared to 16.5 million shares on offer.

The three-day IPO received bids for 63,89,570 shares against 1,65,14,421 shares on offer, according to data available with the NSE

Bluestone Jewellery IPO comprises a fresh issue of 15.9 million equity shares and an offer for sale of 13.9 million equity shares

Bluestone Jewellery has set the price band for its IPO in the range of ₹492 to ₹517 per equity share

The IPO also comes at a time when urban consumption is slowing amid sticky inflation, potentially clouding the growth view for a company like Bluestone, whose business is built on discretionary produc

Deployments exceeding Rs 100 crore include companies like BlueStone, Upstox, Moneyview, Ather, among others

Rs 900 crore raised by Bluestone includes Rs 600 crore in primary capital infusion, while the remaining Rs 300 crore came from secondary share sales

The potential deal could boost BlueStone's plans to expand aggressively in India, the second-largest jewellery consuming nation behind China, as demand surges after the pandemic

Rated among India's top analysts, he has been associated with organisations such as JP Morgan, Infosys and IDFC

Bluestone's focus would be metros and tier-I since the target customers for the brand is millennial

Existing investors Kalari Capital and IvyCap Ventures also participated in the round