BlueStone Jewellery and Lifestyle Limited
Promoter Gaurav Singh Kushwaha
Against an issue price of ₹517. Split- and bonus-adjusted official closes — a past move, never a forecast.
BlueStone Jewellery and Lifestyle Limited raised ₹1,541 crore through a mainboard initial public offer.
The filing places it in Retailing and names one promoter: Gaurav Singh Kushwaha.
The book was open from 11 August 2025 to 13 August 2025.
The issue was priced at ₹517 a share, from a band of ₹492 to ₹517.
Of the offer, ₹820 crore is a fresh issue of shares — money that goes to the company — and ₹721 crore is an offer for sale, which goes to existing shareholders selling down. Valued at the final issue price.
We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.
20 anchor investors were allotted shares before the book opened, worth ₹693 crore.
The shares listed on 19 August 2025.
The last official close on file is ₹845 (21 September 2026), which is 63.5% above the issue price.
It now trades as BLUESTONE, and its filed financials are on its company page.
Shares sold in the issue at ₹517 last closed at ₹845.45.
See BLUESTONE’s filed financials and price history →Official exchange closes, restated for splits, bonuses and rights issues since listing. A record of past price movement, not a forecast.
Share counts converted at ₹517, the final issue price.
- Registrar
- KFintech Private Limited
- Lead managers
- Axis Capital Limited
- IIFL Securities Limited
- Kotak Mahindra Capital Company Limited
- Bidding opens11 Aug 2025
- Bidding closes13 Aug 2025
- Basis of allotmentnot published
Not published in the exchange feeds we ingest — we do not estimate it.
- Listing19 Aug 2025
We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.
We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.
Anchor investors are institutions allotted shares one working day before public bidding opens, at a price fixed then. Their shares are locked in for a set period. At least 8 of them are domestic mutual funds; we could not classify 12 of the names either way.
| AMANSA HOLDINGS PRIVATE LIMITED | ₹169.2 cr |
| SBI LIFE INSURANCE CO. LTD | ₹142.8 cr |
| NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA SMALL CAP FUNDmutual fund | ₹100.1 cr |
| GOLDMAN SACHS FUNDS - GOLDMAN SACHS INDIA EQUITY PORTFOLIO | ₹70.8 cr |
| HDFC LIFE INSURANCE COMPANY LIMITED | ₹34.5 cr |
| SOCIETE GENERALE - ODI | ₹34.5 cr |
| MIRAE ASSET SMALL CAP FUND | ₹18.7 cr |
| ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C ADITYA BIRLA SUN LIFE BUSINESS CYCLE FUNDmutual fund | ₹16.6 cr |
| ACM GLOBAL FUND VCC | ₹15.8 cr |
| AMUNDI FUNDS NEW SILK ROAD | ₹15.8 cr |
| DSP INDIA FUND- INDIA LONG / SHORT STRATEGY FUND WITH CASH MANAGEMENT OPTION | ₹15.8 cr |
| PGIM INDIA TRUSTEE PRIVATE LIMITED A/C - PGIM INDIA SMALL CAP FUNDmutual fund | ₹12.1 cr |
| AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS CONSUMPTION FUNDmutual fund | ₹10 cr |
| MOTILAL OSWAL LARGE CAP FUND | ₹10 cr |
| ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C ADITYA BIRLA SUN LIFE MANUFACTURING EQUITY FUNDmutual fund | ₹9 cr |
| ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C ADITYA BIRLA SUN LIFE BAL BHAVISHYA YOJNA | ₹6.9 cr |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM-MANAGED BY GOLDMAN SACHS ASSET MANAGEMENT L.P. | ₹5 cr |
| PGIM INDIA TRUSTEE PRIVATE LIMITED A/C - PGIM INDIA MULTI CAP FUNDmutual fund | ₹3 cr |
| ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C ADITYA BIRLA SUN LIFE RETIREMENT FUND THE 40S PLANmutual fund | ₹2.1 cr |
| PGIM INDIA TRUSTEE PRIVATE LIMITED A/C - PGIM INDIA RETIREMENT FUNDmutual fund | ₹0.7 cr |
From the issuer’s anchor allotment filing. A record of who was allotted what — not a recommendation.
- Anchor investors — first trancheSEBI ICDR 2018 Reg. 32(5)(b) — 50% of the anchor allocation, 30 days from allotment18 Sept 202550% of this tranche
- Anchor investors — second trancheSEBI ICDR 2018 Reg. 32(5)(a) — the remaining 50% of the anchor allocation, 90 days from allotment17 Nov 202550% of this tranche
- All other pre-issue capitalSEBI ICDR 2018 Reg. 17 — all other pre-issue capital, 6 months from allotment19 Feb 2026already free
- Promoters' minimum contributionSEBI ICDR 2018 Reg. 16(1)(a) — promoters' minimum contribution, 18 months from allotment19 Feb 2027whole tranche releases on this date
Computed from the SEBI ICDR 2018 lock-in rules, not disclosed by the issuer or the exchange. The regulation counts from the date of allotment, which no feed we ingest publishes, so these are counted from the listing date and fall at most two to three business days later than the true expiry.
Every offer document must set out the reasoning behind its own price: what the company earned in the years before it came to market, and what multiple of those earnings it is asking for. This is that chapter — the issuer’s argument for its price, not our assessment of it.
Weighted-average return on net worth over the same years: -81.35%.
Figures as printed in the offer document's "Basis for Offer Price" chapter. A record of the case the issuer made for its own price, not our valuation of it.
Everything we extracted from this issue's offer document is the pricing justification rather than the restated statements — it is shown under how the offer was priced. The restated financial statements themselves have not been extracted for this issue.
We have not extracted this section from the offer document for this issue yet. It is read from the abridged prospectus, and several offer documents are served as .zip archives or as scanned pages with no text layer.
The peer table is printed in the offer document's "Basis for Offer Price" chapter; we have not extracted it for this issue yet.
The issuer's own figures as printed at the head of the same table — its claim about itself, on the same basis as its claims about the companies below.
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
Axis Capital Limited 2021 – 2026 | 85 18 measurable | +11.7% | 4 of 14 | 1 of 5 | 2 of 8 |
IIFL Securities Limited 2021 – 2025 | 40 2 measurable | -8.1% | 1 of 1 | — | — |
Kotak Mahindra Capital Company 2021 – 2026 | 64 15 measurable | +16.6% | 3 of 14 | 1 of 3 | 2 of 4 |
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
KFintech Private Limited 2023 – 2026 | 68 2 measurable | +35.7% | 2 of 5 | 1 of 3 | 1 of 1 |
A count of what happened to the other issues each firm was named on, computed from exchange closes. Not a rating, not a ranking, and not a view on the firm.
- Prospectus· PDF · exchange archive14 Aug 2025NO_TABLE
- Draft red herring prospectus (DRHP)· PDF · exchange archive12 Dec 2024
- Draft red herring prospectus (DRHP)· ZIP · exchange archive11 Dec 2024
- Anchor investor allotment· ZIP · exchange archive
- Financial ratios advertisement· ZIP · exchange archive
- In-principle approval (XBRL)· XML · exchange archive
- Listing filing (XBRL)· XML · exchange archive
Filed with SEBI and the exchanges by the issuer. These are the source for every figure on this page.
Compiled from NSE and SEBI offer documents and exchange feeds. A description of the issue and of the bids received — not investment advice, and not a view on whether to apply. No grey-market premium, no allotment lookup and no listing-gain estimate is published here.