BlueStone Jewellery & Lifestyle IPO

LISTED
MAINBOARD

NSE • Lot Size: 29 • Mainboard

Issue517
Listed555.26+7%
Now488-5.6%
5.6%

*Last updated on 11 Jan 2026

Price Band

₹492 - ₹517

Lot Size

29

Issue Size

₹1540.65 Cr

GMP

N/A

Subscription

2.72x

Analyzing...

IPO Schedule

1

Open

11 Aug 2025

2

Close

13 Aug 2025

3

Allotment

-

4

Listing

19 Aug 2025

About BlueStone Jewellery & Lifestyle

BlueStone Jewellery & Lifestyle is an omnichannel retailer of high-quality jewellery. They offer a wide range of designs and cater to diverse customer preferences, with a strong focus on online sales and a growing physical store presence.

Key Strengths

  • Strong brand recognition and established online presence in the Indian jewellery market.
  • Wide range of jewellery designs catering to diverse customer segments.
  • Omnichannel approach with a mix of online and offline retail channels.
  • Focus on innovation and design, regularly introducing new collections.
  • Scalable business model with potential for further expansion.

Risk Factors

  • Negative Return on Equity (ROE) of -34.53% indicates potential profitability concerns.
  • Intense competition from established players in the organized and unorganized jewellery market.
  • Fluctuations in gold prices and other raw material costs can impact profitability.
  • Dependence on online sales channels makes them vulnerable to changes in consumer behavior and online marketing costs.

Valuation Analysis

Given the negative ROE and unavailable P/E ratio, valuing the IPO is challenging. Investors should carefully consider the company's future growth prospects and profitability potential before investing.

IPO Details

ExchangeNSE
SegmentMAINBOARD
ISININE304W01038
NSE SymbolBLUESTONE
Face Value1
Lot Size29
Issue Size₹1540.65 Cr

Key Metrics

ROE15.5
ROCE19.3
P/E Ratio30.5
Industry P/E20
PAT Margin-12.53%
Debt/Equity0.55

Growth & Quality

ProfitableNo ✗

Subscription

Total0.39x
Imbalance Ratio7.4x

Documents

RHP not available

Key Dates

Open Date11 Aug 2025
Close Date13 Aug 2025
Listing19 Aug 2025