Another player is about to enter the IPO market. Yes, Bluestone Jewelery is also preparing for IPO. The company has filed preliminary papers with capital markets regulator SEBI to raise Rs 1,000 crore through an initial public offering (IPO) on December 12, 2024. Bluestone Jewelery and Lifestyle offers contemporary lifestyle diamond, gold, platinum and studded jewelery under its flagship brand Bluestone, Livemint reported.
bluestone jewelery ipo
According to the draft red herring prospectus (DRHP) filed with SEBI, the proposed IPO of the country’s second-largest digital-first jewelery brand will involve issuance of new shares worth ₹1,000 crore along with sale of up to 2.4 crore equity shares by the selling shareholders. Offer (OFS) will also be made. According to the news, Accel India, Saama Capital, Kalaari Capital Partners, IvyCap Ventures Trust, Iron Pillar Fund and Sunil Kant Munjal (and other partners of Hero Enterprise Partner Ventures) will be the selling shareholders in the OFS.
His name is among the major investors
According to the news, the company has 104 public shareholders. They collectively hold 26.82 per cent of its equity. Key investors include Accel India, Sunil Munjal (along with other partners from Hero Enterprise Partner Ventures), Kalaari Capital, 360 One, Peak XV, MIH Investments, Saama Capital, Steadview, Iron Pillar, IvyCap Ventures, Access India Capital and Think Investments, among others. Are included.
who has how many shares
The promoter holds 18.47 percent shares of the company. Which includes Gaurav Singh Kushwaha (17.81 percent shares). The remaining 81.53 percent shares are held by several public shareholders. According to Livemint news, Accel India is the largest shareholder among investors with 17.12 percent stake.
On the financial front, the company’s revenue from operations increased by 64.24 per cent to ₹1,265.84 crore in financial year 2024-24 (FY2024) from ₹770.73 crore in FY2023. For the 6 months ending June 2024, revenue from operations stood at ₹348.24 crore.
