Bluestone Jewellery files IPO papers, plans fresh issue size of Rs 1,000 crore

Bluestone Jewellery and Lifestyle IPO | The IPO is a mix of fresh issuance of equity shares worth Rs 1,000 crore, and an offer-for-sale of 2.39 crore equity shares by investors. The company, which is backed by Accel, Peak XV Partners, and Sunil Kant Munjal, is planning to raise funds via IPO as it has filed draft papers with the capital markets regulator on December 11.

The IPO is a mix of fresh issuance of equity shares worth Rs 1,000 crore, and an offer-for-sale of 2.39 crore equity shares by investors.

Promoters hold 18.47 percent shareholding in the country’s second largest digital-first jewellery brand including Gaurav Singh Kushwaha (17.81 percent shares), and the remaining 81.53 percent stake is owned by several public shareholders. Accel India is the largest shareholder among investors with 17.12 percent stake.

The Mumbai-based company offers contemporary lifestyle diamond, gold, platinum and studded jewellery under its flagship brand BlueStone, having a pan-India presence with 203 stores across 86 cities in India.