Bluestone Jewellery IPO GMP & Review: Apply or Avoid?
Posted by : sachet | Fri Aug 08 2025

Bluestone Jewellery IPO is open for bidding from 11th August 2025 to 13th August 2025. It is a bookbuilding IPO of ₹1,540.65 crore, comprising a fresh issue of 1.59 crore shares. And offer for sale of 1.39 crore shares. The issue will be listed on BSE and NSE on its tentative listing date, 19th August 2025.
Bluestone Jewellery IPO Details
The Bluestone Jewellery IPO date is fixed between 11th August 2025 and 13th August 2025. The face value of Bluestone Jewellery IPO shares stands at ₹1 per share, and the IPO price band is set between ₹492 and ₹517 per share.
Kfin Technologies Limited is the registrar of the Bluestone Jewellery IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below.
IPO Open Date | 11th August 2025 |
IPO Close Date | 13th August 2025 |
IPO Allotment Date | 14th August 2025 |
Refund Initiation | 18th August 2025 |
Issue Size | 2,97,99,798 shares(aggregating up to ₹1,540.65 Cr) |
Fresh Issue | 1,58,60,735 shares(aggregating up to ₹820.00 Cr) |
Offer for sale | 1,39,39,063 shares of ₹1(aggregating up to ₹720.65 Cr) |
Face Value | ₹1 per share |
Lot Size | 29 Shares |
Issue Price Band | ₹492 to ₹517 per share |
Issue Type | Bookbuilding IPO |
Listing At | BSE & NSE |
Listing Date | 19th August 2025 |
Bluestone Jewellery IPO Share Reservation
Bluestone Jewellery IPO is a bookbuilding IPO of ₹1,540.65 crores, comprising a fresh issue of 1.59 crore shares. An offer for sale of 1.39 crore shares. Bluestone Jewellery & Lifestyle Limited shares will be listed on the BSE and NSE. Furthermore, SEBI has specified the share reservation criteria for different investor categories.
Investor Categories | Shares Offered |
QIB Shares Offered | Not less than 75% of the offer |
Retail Shares Offered | Not more than 10% of the offer |
NII (HNI) Shares Offered | Not more than 15% of the offer |
Bluestone Jewellery IPO GMP Grey Market Premium
GMP is the gap between the price band of the issue and the price at which company shares are currently trading in the grey market. Do you want to get live updates on the Bluestone Jewellery IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.
GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Listing Gains |
08-08-2025 | ₹517.00 | ₹16.00 | ₹533.00 | 3.09% |
07-08-2025 | ₹517.00 | ₹16.00 | ₹533.00 | 3.09% |
06-08-2025 | ₹517.00 | ₹16.00 | ₹533.00 | 3.09% |
As of 8th July 2025, Bluestone Jewellery IPO GMP stands at ₹16 per share, which means the share will likely show a listing at ₹533 (517+16) on its tentative listing date, 19th August 2025.
GMP data is subject to change based on market trends and sentiments. You should check the live GMP status before applying for the Bluestone Jewellery GMP. Stay informed with Univest to know about real-time insights on IPOs and their GMP trends.
Bluestone Jewellery IPO GMP Review

Check out the detailed Bluestone Jewellery GMP IPO review for a thorough understanding of its potential to report listing gains on 19th August 2025. The Bluestone Jewellery IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO.
Financial Health
Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the growth margins and declines of the business’s financials before applying for the Bluestone Jewellery IPO.
Bluestone Jewellery Limited’s revenue soared by 40% from ₹1,303.49 crores in March 2024 to ₹1,830.04 crores in March 2025. Moreover, the company’s PAT dropped by 56% from ₹-142.24 crores to ₹-221.84 crores.
Bluestone Jewellery & Lifestyle Limited’s IPO has shown consistent revenue growth, indicating that the company is financially stable. Moreover, the brokers, investors, and RAs have a positive outlook for the Bluestone Jewellery IPO for its tentative listing day, 19th August 2025.
Technical Analysis
A number of technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the Bluestone Jewellery IPO.
Key Indicators | Value |
PE Ratio (Price-to-Earnings) | [.] |
EPS (Earnings Per Share) | [.] |
RoNW | -24.45% |
ROCE | -3.67% |
ROE | -34.53% |
EBITDA Margin | 4.13% |
Price to Book Value | 2.01 |
Market Capitalisation | ₹7823.26 Cr |
The PE ratio of Bluestone Jewellery Limited’s share is [.] and its Earnings Per Share (EPS) stands at [.]. Thus, the Bluestone Jewellery Limited IPO can potentially deliver gains on its tentative listing date, 19th August 2025.
Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Bluestone Jewellery & Lifestyle Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics.
Indicators | Pre-IPO | Post-IPO |
PE Ratio | [.] | [.] |
EPS | [.] | [.] |
Bluestone Jewellery Limited IPO Peer Comparison
Company Name | EPS | P/E Ratio | RoNW | Face value | Revenue |
Bluestone Jewellery and Lifestyle Limited | _ | _ | -24.45 | ₹1 | 1,303.49 |
Titan Company Limited | 37.62 | 88.14 | 28.71 | ₹1 | 51,617 |
Kalyan Jewellers India Limited | 6.93 | 84.10 | 14.87 | ₹10 | 18,622 |
Senco Gold Limited | 10.09 | 35.15 | 8.09 | ₹5 | 5,284 |
Thangamayil Jewellery Limited | 34.70 | 56.54 | 11.07 | ₹10 | 3,832 |
PC Jeweller Limited | 1.13 | 22.70 | 9.33 | ₹1 | 670.00 |
Bluestone Jewellery IPO Subscription Status
The Bluestone Jewellery IPO is to be opened for bidding on 11th August 2025. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Bluestone Jewellery IPO subscription status.
Investor Category | Shares Offered | Shares Subscribed | Subscription to the Times |
QIB Shares Offered | Not less than 75% of the offer | Yet to be announced | Yet to be announced |
Retail Shares Offered | Not more than 10% of the offer | Yet to be announced | Yet to be announced |
NII (HNI) Shares Offered | Not more than 15% of the offer | Yet to be announced | Yet to be announced |
About Bluestone Jewellery Limited

Bluestone Jewellery & Lifestyle Limited manufactures and processes jewellery of different ranges, including diamond, gold, platinum and studded jewellery of their leading brand BlueStone. Bluestone jewellery is committed to high-quality and unique jewellery designs. In a short time, they have built a strong reputation in the jewellery industry. They have a large portfolio of products to serve their large client base in India and abroad. Bluestone jewellery has more than 8,000 unique designs for its customers, which are designed with perfection and care.
- Leading player in the jewellery brand offering an omni-channel retail experience.
- In-house manufacturing drives smooth business operations.
- Pan-India presence across Teir-1,2,3 cities.
- Advanced Manufacturing Capabilities with Vertically Integrated Operations.
Bluestone Jewellery & Lifestyle Limited Financials
The company’s financial analysis is essential before applying for the Bluestone Jewellery IPO. Look at the table to learn about Bluestone Jewellery & Lifestyle Limited’s financials.
Year Ended | 31st March 2025 (in cr.) | 31st March 2024 (in cr.) | 31st March 2023 (in cr.) |
Assets | 3,55.28 | 2,453.49 | 1,255.49 |
Revenue | 1,830.04 | 1,303.49 | 787.89 |
Profit After Tax | -221.84 | -142.24 | -167.24 |
EBITDA | 73.16 | 53.05 | -56.03 |
Reserve and surplus | 877.12 | 346.28 | -81.06 |
Total Borrowing | 728.62 | 430.43 | 228.42 |
Explanation
Bluestone Jewellery & Lifestyle Limited’s revenue soared by 40% from ₹1,303.49 crores in March 2024 to ₹1,830.04 crores in March 2025. Moreover, the company’s PAT dropped by 56% from ₹-142.24 crores to ₹-221.84 crores.
Bluestone Jewellery IPO Bidding Requirements
Investors can bid for a minimum of 29 shares in multiples thereof. The following table represents the minimum and maximum investments by individual investors (retail) and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
Individual Investors (Retail) (Min) | 1 | 29 | ₹14,993 |
Individual Investors (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 |
Bluestone Jewellery IPO has reserved lot sizes to be applied by different investor categories. Look at the table below to know about the requirements to be fulfilled for applying for this IPO.
Use the lot size calculator to find how many shares you should apply for!
Bluestone Jewellery IPO Promoter Holding
Have a look at the table below to check the holdings of Bluestone Jewellery & Lifestyle Limited’s promoters: Gaurav Singh Kushwaha.
Share Holding Pre-Issue | 18.28% |
Share Holding Post-Issue | 16.07% |
Note: The value will be calculated using Equity Dilution = Share Holding Pre-Issue – Share Holding Post-Issue.
Aim of the Bluestone Jewellery IPO
The primary aim of the Bluestone Jewellery IPO is to raise ₹1,540.65 crores. On the other hand, Bluestone Jewellery has decided to utilise these funds in different ways. Explore some of the secondary objectives for the Bluestone Jewellery IPO.
- To fund the working capital requirement
- To meet the general corporate purpose.
Should I Invest in the Bluestone Jewellery IPO?
Explore the pros and cons of Bluestone Jewellery to know whether you should apply or avoid the issue. These pros and cons might help you know about the IPO’s efficiency in delivering profits in the coming decades.
Pros of Bluestone Jewellery IPO
- Blue-stone jewellery is the second largest jewellery brand in the world.
- They have a strong network of distribution channels.
- The company has manufacturing facilities and an in-house technology system to operate its business process smoothly and efficiently.
- Bluestone jewellery deals in a variety of jewellery products via both online and offline.
- They offer unique and customised designs to their customers.
Cons of Bluestone Jewellery IPO
- High competition from local jewellers and established strong brands in the marketplace.
- They seasonable demand the sale of their products, is mostly occurs during festive seasons.
- Huge expenditure occurs in marketing, and the expansion of the business tends to strain the profitability of the business.
- High Inventory of jewellery leads to a blockage of the cash.
How to Apply for the Bluestone Jewellery IPO?

Check the steps mentioned below to apply for Bluestone Jewellery & Lifestyle Limited.
- Step 1: Conduct thorough research on the Bluestone Jewellery & Lifestyle Limited IPO GMP, subscription status, issue size, lot size, and other details.
- Step 2: Open a demat account on Univest to learn about real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section.
- Step 3: Make a bid for one lot of 29 shares worth ₹14,993.
- Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.
Note: You can apply for the Bluestone Jewellery IPO from more than one demat account to increase your allotment chances.
How to Check Bluestone Jewellery IPO Allotment Status?
You can check whether the Bluestone Jewellery IPO allotment is done in different ways. These include NSE and the registrar portal. Look at the steps mentioned below to check your allotment status online.
Check On NSE
- Visit the NSE Official Website.
- Navigate to the IPO Allotment Section.
- Select Equity as the issue type.
- Choose the Bluestone Jewellery IPO.
- Choose whether to proceed with the PAN number or the application number.
- Submit your details to get the allotment status online.
Check On the Registrar Portal
- Visit the registrar portal.
- Click on the allotment option.
- Fill in the required details.
- Click on the submit button to know your Bluestone Jewellery IPO allotment status.
Also Read : Highway Infrastructure IPO GMP & Review: Apply or Avoid?
Let’s Wrap
Bluestone Jewellery IPO is a bookbuilding issue of shares worth ₹1,540.65 crores. The shares of Bluestone Jewellery & Lifestyle Limited will be listed on BSE and NSE on its tentative listing date of 19th August 2025. Researching the Bluestone Jewellery IPO GMP and reviews is highly suggested to book your ideal profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.
Open a demat account on Univest now to initiate your investment journey!
FAQs on Bluestone Jewellery IPO
How is the Bluestone Jewellery IPO?
Ans. Currently, on 8th August 2025, the Bluestone Jewellery IPO GMP (Grey Market Premium) stands at ₹16. It indicates that the estimated listing price could be ₹533 per share. It is a bookbuilding IPO of ₹1,540.65 crores, comprising a fresh issue of 1.59 crore shares. And offer for sale of ₹1.39 crore shares. The face value of each share of Bluestone Jewellery & Lifestyle Limited is ₹1.
What is the Bluestone Jewellery IPO price?
Ans. The Bluestone Jewellery IPO price band has been set between ₹492 and ₹517 per share. Retail investors can apply for a minimum of 1 lot consisting of 29 shares worth ₹14,993. Moreover, HNIs are required to bid for a minimum of 14 lot (406 shares) worth ₹2,09,902.
Is the Bluestone Jewellery IPO good?
Ans. Bluestone Jewellery & Lifestyle Limited’s revenue soared by 40% from ₹1,303.49 crores in March 2024 to ₹1,830.04 crores in March 2025. Moreover, the company’s PAT dropped by 56% from ₹-142.24 crores to ₹-221.84 crores.
Who is the registrar of the Bluestone Jewellery IPO?
Ans. Kfin Technologies Limited is the registrar of the Bluestone Jewellery IPO, awaiting to manage the IPO allotment procedure and refund initiation. For any queries regarding the Bluestone Jewellery allotment and refund, you can contact Kfin Technologies Limited at
reachus@kfintech.com,04067162222, 04079611000.
What is the issue size of the Bluestone Jewellery IPO?
Ans. Bluestone Jewellery IPO is a bookbuilding IPO for 1.59 crore shares worth ₹1,540.65 crores. Moreover, the IPO is set to open on 11th August 2025 and will be closed on 13th August 2025.
Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Bluestone Jewellery IPO, download the Bluestone Jewellery IPO RHP and Bluestone Jewellery IPO DRHP. Conduct your research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.
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