BlueStone Jewellery IPO: The allotment of IPO shares of jewelery brand Bluestone is scheduled to be finalized on 14 August today. The IPO was opened from 11 to 13 August and received a total of 2.70 times subscription from investors. The price band of this IPO was fixed at ₹ 492 to ₹ 517 per share. The company has targeted to raise ₹ 1,541 crore through this IPO. The listing of its shares is likely to be held on August 19.
Bluestone launched its brand in 2011 and now has 275 stores in 117 cities of 26 states and union territories of the country. The company’s three manufacturing facilities are located in Mumbai, Jaipur and Surat. The company will use the amount raised from this IPO for its working capital needs and general corporate purposes.
How to check allotment status?
Investors who applied for this IPO can check their allotment status online in three ways:
Check status on the registrar’s website
Step 1: First, go to this direct link to the website of IPO Registrar KFIN Technologies: https://evault.kfintech.com/ipostatus/
Step 2: Select ‘Bluestone Jewelry’ from the dropdown menu.
Step 3: Now you should enter the application number, PAN card number or demat account number.
Step 4: Fill the captcha code and click on the ‘Submit’ button. Your allotment status will appear on the screen.
Check status on BSE website
Step 1: Go to BSE website: BSE IPO
Step 2: Choose ‘Equity’ in ‘Issue Type’.
Step 3: Select ‘Bluestone Jewelry and Lifestyle Limited’ from the dropdown menu in ‘Issue Name’.
Step 4: Enter your application number and PAN number.
Step 5: Click on ‘I’M Not A Robot’ and then click on ‘Search’. Your status will be seen.
Check status on NSE website
Step 1: Go to the IPO allotment page of NSE website: Practice
Step 2: Select the option ‘Equity & SME iPO Bid Details’.
Step 3: Select ‘Bluestone Jewelery and Lifestyle Limited’ from the dropdown menu for Issu Symbal.
Step 4: Enter your PAN number and application number.
Step 5: Click on the ‘Submit’ button. Your allotment status will be seen on the screen.
How much is GMP?
According to IPO market experts, the Gray Market Premium (GMP) of Bluestone Jewelery shares is currently at flat or slight premium. That is, there is no hope of making some special profits on its listing. Although there is a lot of days left in the listing, it will be seen what action happens in its GMP.