BlueStone Jewellery Sets Rs 1,540 Crore IPO for August 11-13
BlueStone Jewellery and Lifestyle Ltd. is launching its IPO from August 11 to 13, aiming to raise Rs 1,540.65 crore. The IPO includes a fresh issue of Rs 820 crore and an offer-for-sale of Rs 720.65 crore. The price band is set at Rs 492-517 per share, with a minimum lot size of 29 shares. The grey market shows a premium of Rs 16 per share. The company's revenue grew by 39.8% to Rs 1,770 crore, but its net loss widened to Rs 221.84 crore. Funds will be used for working capital and general corporate purposes. Allotment is scheduled for August 14, with listing planned for August 19 on BSE and NSE.
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BlueStone Jewellery and Lifestyle Ltd., a prominent player in the Indian jewellery market, is set to launch its Initial Public Offering (IPO) from August 11 to 13. The company aims to raise Rs 1,540.65 crore through this public issue, marking a significant milestone in its growth journey.
IPO Structure and Pricing
The IPO comprises two components:
- A fresh issue of shares worth Rs 820.00 crore
- An offer-for-sale (OFS) component amounting to Rs 720.65 crore
The company has set the price band for the IPO at Rs 492-517 per share. Retail investors looking to participate will need to make a minimum investment of Rs 14,993 for a lot of 29 shares.
Grey Market Premium and Listing Details
The grey market is showing positive sentiment towards the BlueStone IPO, with a premium of Rs 16 per share. This suggests a potential listing price of Rs 533, indicating investor optimism about the company's market debut.
Key dates for investors to note:
- Share allotment: August 14
- Listing date: August 19 (planned)
- Listing venues: BSE and NSE
Company Performance
BlueStone, known for manufacturing jewellery under its eponymous brand, has shown strong top-line growth:
- Revenue growth: 39.8% to Rs 1,770.00 crore
However, the company's bottom line presents a different picture:
- Net loss widened to Rs 221.84 crore
- Previous year's net loss: Rs 142.24 crore
Utilization of IPO Proceeds
The funds raised through this IPO will be allocated towards:
- Meeting working capital requirements
- General corporate purposes
Investor Considerations
While BlueStone's revenue growth is impressive, potential investors should carefully consider the widening losses. The jewellery market in India is competitive and cyclical, factors that could impact the company's future performance.
The IPO presents an opportunity for investors to be part of a growing brand in the Indian jewellery sector. However, as with all investments, thorough research and careful consideration of one's risk appetite are advised before making an investment decision.
| Particulars | Details |
|---|---|
| IPO Size | Rs 1,540.65 crore |
| Fresh Issue | Rs 820.00 crore |
| Offer-for-Sale | Rs 720.65 crore |
| Price Band | Rs 492-517 per share |
| Minimum Lot Size | 29 shares |
| Minimum Investment (Retail) | Rs 14,993 |
| IPO Date | August 11-13 |
| Allotment Date | August 14 |
| Listing Date | August 19 (planned) |
| Listing Venues | BSE and NSE |
As the IPO approaches, market observers will be keenly watching how investors respond to BlueStone's public offering, given its mix of strong revenue growth and increasing losses.
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