BlueStone Jewellery & Lifestyle IPO
BlueStone Jewellery & Lifestyle IPO — date, price band, lot size & details 2025
BlueStone Jewellery & Lifestyle listed on 19 Aug 2025 at ₹510, 1.4% below the ₹517 issue price.
BlueStone Jewellery and Lifestyle sells diamond, gold, platinum and studded jewellery under the BlueStone brand. It had 275 stores across 117 cities on 31 March 2025.
Stock price
BlueStone Jewellery & Lifestyle is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 10 November.
- Open 11 Aug 2025
- Close 13 Aug 2025
- Allotment 14 Aug 2025
- Refund/credit 18 Aug 2025
- Listing 19 Aug 2025
Issue summary
The terms of the offer, as filed.
| IPO Dates | 11 to 13 Aug, 2025 |
|---|---|
| Price Band | ₹492 – ₹517 |
| Face Value | ₹1 |
| Lot Size | 29 Shares |
| Issue Size | ₹1540.65 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 14,993 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 29 shares at the ₹517 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 29 | ₹14,993 |
| Retail (max) | 13 | 377 | ₹1,94,909 |
| S-HNI (min) | 14 | 406 | ₹2,09,902 |
| S-HNI (max) | 66 | 1,914 | ₹9,89,538 |
| B-HNI (min) | 67 | 1,943 | ₹10,04,531 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 787.89 crore in FY2023 to Rs 1,830.04 crore in FY2025.
- 02EBITDA improved from a loss of Rs 56.03 crore in FY2023 to a profit of Rs 73.16 crore in FY2025.
- 03The store count was 275 across 117 cities on 31 March 2025.
- 04Rs 820.00 crore of the Rs 1,540.65 crore issue was fresh capital.
- 05The company served over 12,600 PIN codes across India.
Risks · 7
- 01The company made losses in all three years shown, including Rs 221.84 crore in FY2025.
- 02The loss widened from Rs 142.24 crore in FY2024 to Rs 221.84 crore in FY2025 even as income grew.
- 03The source shows the post-issue P/E as negative, so earnings cannot support the price of Rs 517.
- 04Total borrowing rose from Rs 228.42 crore on 31 March 2023 to Rs 728.62 crore on 31 March 2025.
- 05Rs 750.00 crore of the proceeds was needed for working capital, as gold and diamond stock ties up cash.
- 06Rs 720.65 crore of the issue was offer for sale and did not reach the company.
- 07The promoter held only 18.28% before the issue and held 16.07% after it, so most shares are with other investors.
Three years of numbers
All figures in ₹ crore, as reported in the BlueStone Jewellery & Lifestyle offer document.
| Metric | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 3,532.28 | 2,453.49 | 1,255.49 |
| Total Income | 1,830.04 | 1,303.49 | 787.89 |
| Profit After Tax | -221.84 | -142.24 | -167.24 |
| EBITDA | 73.16 | 53.05 | -56.03 |
| Reserves and Surplus | 877.12 | 346.28 | -81.06 |
| Total Borrowing | 728.62 | 430.43 | 228.42 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the BlueStone Jewellery & Lifestyle RHP.
Where the money goes
₹863.30 Cr of the issue is earmarked to named objects.
BlueStone Jewellery & Lifestyle IPO Anchor Investors
20 anchor investors across 15 fund houses committed ₹693.30 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
On 31 March 2025 it had 275 stores across 117 cities in 26 states and union territories. Of these, 200 were company-owned and 75 were franchisee stores, with total area of over 605,000 square feet.
The company also serves over 12,600 PIN codes across India. It had 91 collections on 31 March 2025.
The IPO was Rs 1,540.65 crore, with Rs 820.00 crore of fresh issue and Rs 720.65 crore of offer for sale. Rs 750.00 crore of the fresh money was planned for working capital.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
BlueStone Jewellery & Lifestyle IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Axis Capital
40 issues handledBest listing: Moneyview (+61.8%). Weakest: Clean Max Enviro Energy Solutions (-8.8%).
Kotak Mahindra Capital Company Limited
30 issues handledBest listing: Moneyview (+61.8%). Weakest: Amagi Media Labs (-12.2%).
IIFL Capital Services Limited
50 issues handledBest listing: Tonbo Imaging India (+65.7%). Weakest: Acevector (-11.5%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of BlueStone Jewellery & Lifestyle?
The current Grey Market Premium is ₹0.
What is the BlueStone Jewellery & Lifestyle IPO price band?
₹492 to ₹517, on a face value of ₹1.
When is the allotment?
The basis of allotment is 14 August 2025, with listing on 19 August 2025.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
