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15 Days Price Change

Bluestone Jewellery IPO

Closing In

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Profile
Issue Size 853.79 Cr
Profile
Price Range 492  to  517 per share
Profile
Min Investment ₹517
Profile
Lot Size 1
Profile
Face Value ₹1
Profile
Draft Prospectus
Invest Before the IPO Goes Live

Buy unlisted shares early and participate in the growth before public listing.

Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

We offer contemporary lifestyle diamond, gold, platinum and studded jewellery under our flagship brand, BlueStone. We are a digital first direct-to-consumer (“DTC”) brand focussed on ensuring a seamless omnichannel experience for customers and are the second largest digital-first omni-channel jewellery brand in India, in terms of revenues in Fiscal 2024. (Source: RedSeer Report) We retail our products through our website www.bluestone.com and our mobile application available on iOS and Google Play Store, in addition to our pan- India network of stores. We are among the few Leading Jewellery Retailers* with a pan-India presence (Source: RedSeer Report) with 203 stores across 86 cities in 26 States and Union Territories in India, as of June 30, 2024 servicing over 12,600 PIN codes across India. Read More

Basic Info

Face Value 1 per share

Price 492  to  517 per share

P/E (x) -6.5

Sales( Cr.) 1770

PAT( Cr.) -222

EPS -79.7

Draft Prospectus

Exchange BSE-NSE

Promoter

Company Promoters

Gaurav Singh Kushwaha

Pre Issue Share Holding 17.91%

Post Issue Share Holding 16.07%

Listing Details:

Listing Price: 508.8

Listing Gain: -1.61%

Current Price: 479.6

Gain On Issue: 479.6 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Aug 11, 2025
Closing Date Aug 13, 2025
Allotment Aug 14, 2025
Refund Aug 15, 2025
Delivery of Shares Aug 15, 2025
Listing Date Aug 18, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 29 14,993
Retail (Max) 13 377 194,909
S-HNI (Min) 14 406 209,902
S-HNI (Max) 66 1914 989,538
B-HNI (Min) 67 1943 1,004,531

Objective of the Issue

a. Funding our working capital requirements b. General corporate purposes

Issue

Category Nos Bid Bid (x)
QIB 8862990 37961783 4.3x
NII 4590859 2533353 0.6x
Retail 3060572 4127164 1.3x
EMP 0 0 0x
Total 16514421 44622300 2.7x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Bluestone Jewellery Profit & Loss

#(Fig in Cr.) Mar 2024 Mar 2025 TTM
Net Sales 1266 1770
Other Income 38 60
Total Income 1303 1830
Total Expenditure 1212 1694
Operating Profit 91 136
Interest 138 208
Depreciation 95 147
Exceptional Income / Expenses 0 0
Profit Before Tax -142 -222
Provision for Tax 0 0
Profit After Tax -142 -222
Adjustments 0 0
Profit After Adjustments -142 -222
Adjusted Earnings Per Share -78.3 -62.9

Bluestone Jewellery Balance Sheet

#(Fig in Cr.) Mar 2024 Mar 2025
Shareholder's Funds 374 907
Minority's Interest 0 4
Borrowings 185 197
Other Non-Current Liabilities 466 723
Total Current Liabilities 1428 1701
Total Liabilities 2453 3532
Fixed Assets 585 1013
Other Non-Current Assets 531 390
Total Current Assets 1337 2130
Total Assets 2453 3532

Bluestone Jewellery Cash Flow

#(Fig in Cr.) Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 27 59
Cash Flow from Operating Activities -181 -666
Cash Flow from Investing Activities -382 -84
Cash Flow from Financing Activities 595 740
Net Cash Inflow / Outflow 32 -10
Closing Cash & Cash Equivalent 59 49

Bluestone Jewellery Ratios

# Mar 2024 Mar 2025
Earnings Per Share (Rs) -78.32 -62.92
CEPS(Rs) -25.86 -21.1
DPS(Rs) 0 0
Book NAV/Share(Rs) 161.23 224.49
Core EBITDA Margin(%) 4.22 4.27
EBIT Margin(%) -0.33 -0.77
Pre Tax Margin(%) -11.24 -12.53
PAT Margin (%) -11.24 -12.53
Cash Profit Margin (%) -3.71 -4.2
ROA(%) -5.8 -7.41
ROE(%) -48.58 -40.94
ROCE(%) -0.34 -0.84
Receivable days 0.69 0.82
Inventory Days 285.81 272.59
Payable days 104.88 63.38
PER(x) 0 0
Price/Book(x) 0 0
Dividend Yield(%) 0 0
EV/Net Sales(x) 0.63 0.54
EV/Core EBITDA(x) 8.72 7.06
Net Sales Growth(%) 0 39.83
EBIT Growth(%) 0 -224.56
PAT Growth(%) 0 -55.96
EPS Growth(%) 0 19.67
Debt/Equity(x) 2.74 1.36
Current Ratio(x) 0.94 1.25
Quick Ratio(x) 0.24 0.28
Interest Cover(x) -0.03 -0.07
Total Debt/Mcap(x) 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 40% 0% 0% 0%
Operating Profit CAGR 49% 0% 0% 0%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average -41% -45% -45% -45%
ROCE Average -1% -1% -1% -1%

Company Contact Information

Bluestone Jewellery And Lifestyle Ltd.

Paras Shah

912245152729

investor.relations@bluestone.com

Site No. 89/2 Lava Kusha Arcade Munnekolal Village, Outer Ring Road Marathahalli

IPO Lead Manager(s)

Bluestone Jewellery And Lifestyle Ltd.

Axis Capital Ltd.

IIFL Capital Services Ltd.

Kotak Mahindra Capital Co Ltd

Registrar Info

Bluestone Jewellery And Lifestyle Ltd.

K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)

Karvy Selenium Tower B, Plot 31-32 Gachibowli,Financial District, Nanakramguda Hyderabad – 500032 Tel. No. 040 67161500 Fax. No. 040 23001153 E-mail: einward.ris@karvy.com Website: www.karvy.com Toll Free No. of exclusive Call Centre:1-800-345001

040 - 67162222/18003094001

einward.ris@kfintech.com

https://www.kfintech.com

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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