BlueStone Jewellery and Lifestyle Ltd. is gearing up for its much-anticipated listing on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) tomorrow, August 19, 2025. The initial public offering (IPO), which opened for subscription from August 11 to August 13, 2025, and finalized its allotment on August 14, has garnered a moderate response from investors, with a subscription rate of 2.70 times.
Grey Market Premium Signals Flat Debut
Market observers are closely monitoring the grey market premium (GMP) for cues on the listing performance. As of today, BlueStone Jewellery IPO GMP is ₹0 per share, indicating that shares are trading at par with the issue price of ₹517 in the unlisted market. This suggests a flat debut on Dalal Street, with the estimated listing price pegged at ₹517 per share.
“Trading members of the Exchange are hereby informed that the equity shares of BlueStone Jewellery and Lifestyle Limited shall be listed and admitted to dealings on the Exchange in due course,” stated a BSE notice. Investors who were not allotted shares can expect refunds to be initiated today, August 18, while successful bidders will have their demat accounts credited with shares on the same day.
About BlueStone Jewellery
BlueStone Jewellery, a leading digital-first omni-channel jewellery brand, operates 275 stores across 117 cities in India as of March 31, 2025. The company, known for its diamond, gold, platinum, and studded jewellery under the flagship BlueStone brand, reported a revenue of ₹1,830.04 crore in FY 2025, a 40% increase from ₹1,303.49 crore in FY 2024, though it continues to incur losses, with a net loss of ₹221.84 crore in FY 2025.
Axis Capital serves as the book-running lead manager, with Kfin Technologies as the registrar for the IPO.