BlueStone Jewellery IPO: The ₹ 1,541 crore IPO of Bluestone Jewelery and Lifestyle has opened for subscription on August 11 today. In the first hour of public bid, IPO has been subscribed to 3 percent. According to the NSE data at 11 am, bids have been received for more than 4.42 lakh shares against the offer size of 1.65 crore shares for this IPO. Retail investors have booked 12 percent of their share. At the same time, non-institutional investors (NII) have subscribed 2 percent of their share.
Complete information of Bluestone Jewelery IPO
Mumbai -based Bluestone Jewelery & Lifestyle has launched its IPO to raise ₹ 1,541 crore through an offer for sale of 1.39 crore shares by existing shareholders and ₹ 1,541 crore by existing shareholders.
Price Band: The price band of the IPO has been fixed at ₹ 492-517 per share.
Important dates: This IPO will be open for subscription from 11 August to 13 August.
Minimum Investment: Investors can bid for at least 29 shares, for which ₹ 14,993 will have to be invested on the upper price band.
Listing: The allotment of shares is likely to be finalized on August 14, and the shares will be listed on BSE and NSE on August 19.
₹ 693 crore raised from anchor investors
On August 8, a day before the IPO opened, the company raised ₹ 693.3 crore from 20 institutional investors through anchor book. These include big names like Amanasa Holdings, Goldman Sachs, Sosiete Janelle, SBI Life Insurance, Nippon Life India and HDFC Life Insurance.
What is the condition of gray market premium?
According to IPO market experts, Bluestone Jewelery The unlisted stocks are trading at ₹ 526 per share in the gray market, which is about 2 percent more than the IPO price ₹ 517. Let us know that its GMP was 3 percent last week. That is, there has been a slight decline in the GMP of the IPO of this jewelery company.