BlueStone Jewellery IPO GMP, Price Band, Dates, and Review
06 August 2025 · Sachin Gadekar
Get complete insights on IPO GMP, price, lot size, financials, and review before investing.
About BlueStone Jewellery and Lifestyle Ltd.
The much-anticipated BlueStone Jewellery IPO is set to open for subscription on August 11, 2025, making waves in the primary market. With a strong brand presence, a digital-first approach, and a nationwide retail network, BlueStone Jewellery and Lifestyle Limited aims to raise ₹1,540.65 crores through its Initial Public Offering (IPO). This article explores everything investors need to know — from BlueStone IPO GMP, price band, lot size, subscription dates to financials and expert reviews.
BlueStone Jewellery and Lifestyle Ltd. is a leading omni-channel jewellery retailer in India. Established with a vision to offer high-quality, trendy and affordable jewellery, BlueStone operates under a digital-first model backed by a pan-India retail footprint.
As of March 31, 2025, the brand had:
275 stores across 117 cities
Over 605,000 sq. ft. of retail area
200 company-owned and 75 franchisee stores
Delivery reach across 12,600+ PIN codes
Its diverse product line includes rings, earrings, necklaces, solitaires, bangles, bracelets, and chains. With 91 curated collections, BlueStone is known for its focus on design, tech-enabled operations, and strong customer-centric offerings.
BlueStone Jewellery IPO Details
| Detail | Information |
|---|---|
| IPO Open Date | August 11, 2025 |
| IPO Close Date | August 13, 2025 |
| Issue Size | ₹1,540.65 crore |
| Fresh Issue | ₹820 crore |
| Offer for Sale | ₹720.65 crore |
| Price Band | ₹492 to ₹517 per share |
| Face Value | ₹1 per share |
| Lot Size | 29 shares |
| Listing Exchange | BSE, NSE |
| Tentative Listing Date | August 19, 2025 |
BlueStone Jewellery IPO GMP (Grey Market Premium)
As of the latest update, the BlueStone IPO GMP is being closely tracked by market watchers. The GMP for BlueStone IPO currently ranges between ₹35 to ₹50, indicating positive investor sentiment ahead of the listing.
Note: GMP is not an official metric and should be viewed only as an indicative signal of demand.
BlueStone IPO Price & Lot Size
Price Band: ₹492 to ₹517 per share
Lot Size: 29 shares
Minimum Investment (Retail): ₹14,993
Retail Maximum: 13 lots (377 shares) – ₹1,94,909
S-HNI Minimum: 14 lots (406 shares) – ₹2,09,902
B-HNI Minimum: 67 lots (1,943 shares) – ₹10,04,531
This structured allocation ensures investor participation across retail and HNI segments.
Reservation Breakdown
| Investor Category | Allocation |
|---|---|
| QIB (Qualified Institutional Buyers) | Not less than 75% |
| NII (High Net-worth Individuals) | Not more than 15% |
| Retail Investors | Not more than 10% |
IPO Timeline (Tentative)
| Event | Date |
|---|---|
| IPO Opens | August 11, 2025 |
| IPO Closes | August 13, 2025 |
| Allotment | August 14, 2025 |
| Refunds Initiated | August 18, 2025 |
| Shares Credited to Demat | August 18, 2025 |
| Listing on NSE/BSE | August 19, 2025 |
| UPI Cut-off | 5 PM on August 13, 2025 |
Financial Snapshot of BlueStone Jewellery
| Metric | FY23 | FY24 | FY25 |
|---|---|---|---|
| Total Income | 787.89 | 1,303.49 | 1,830.04 |
| EBITDA | -56.03 | 53.05 | 73.16 |
| PAT | -167.24 | -142.24 | -221.84 |
| Total Assets | 1,255.49 | 2,453.49 | 3,532.28 |
| Borrowing | 228.42 | 430.43 | 728.62 |
Key Strengths of BlueStone Jewellery
Digital-first model with strong online-to-offline integration.
Extensive product variety across multiple price points and collections.
Tech-driven backend with in-house ERP and supply chain systems.
Pan-India footprint, including Tier-2 and Tier-3 cities.
Strong backing from marquee investors like Accel, Kalaari Capital, IvyCap Ventures, and Ranjan Pai.
BlueStone IPO Review: Should You Subscribe?
The BlueStone IPO offers a mix of strong brand equity, rapid revenue growth, and an ambitious digital-first business model. However, the widening losses and increased borrowings raise concerns about profitability in the near term.
Pros:
Strong brand and recall value in jewellery space.
Omni-channel strategy backed by tech.
Industry tailwinds with rising demand for branded jewellery.
Cons:
Consistent financial losses.
High valuation relative to peers.
Heavy dependence on expansion to achieve scale.
Verdict: Investors with a long-term horizon and appetite for risk may consider subscribing, given the company’s growth potential. Short-term investors should monitor GMP trends and subscription data closely.
FAQs on BlueStone Jewellery IPO
1. What is the BlueStone IPO price band?
The IPO price band is set between ₹492 to ₹517 per share.
2. What is the BlueStone IPO GMP today?
As of now, the GMP ranges between ₹35 to ₹50, depending on demand.
3. When will BlueStone Jewellery IPO open?
The IPO will open for subscription on August 11, 2025, and close on August 13, 2025.
4. How many shares can a retail investor apply for?
A retail investor can apply for a minimum of 29 shares and up to 13 lots (377 shares).
5. When is the listing date of BlueStone IPO?
The tentative listing date is August 19, 2025, on BSE and NSE.
6. What is the total issue size of the BlueStone IPO?
The total issue size is ₹1,540.65 crore, with ₹820 crore as fresh issue and ₹720.65 crore as OFS.
7. Is BlueStone a profitable company?
Currently, BlueStone is not profitable. Its PAT for FY25 is -₹221.84 crore, although revenues are growing steadily.
Final Thoughts
The BlueStone Jewellery IPO is one of the most awaited listings in 2025, especially in the retail and lifestyle segments. With a mix of robust branding, aggressive expansion, and digital presence, the company has a lot of potential. However, the financials demand a cautious yet optimistic approach.
Track the GMP and subscription data closely if you plan to invest in the IPO. And as always, consult your financial advisor before making investment decisions.
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