BlueStone Share Price: Jewellery Brand Lists at 1% Discount on NSE Debut

Market Performance

BlueStone share price made a weak debut in the stock market on August 19, 2025. The shares were listed at ₹510 per share on the NSE, reflecting a 1.35% discount compared to its IPO price.

On the BSE, BlueStone shares opened at ₹508.8 per share, which is 1.59% lower than the issue price. Following the listing, the company’s market capitalization stood at ₹7,699.18 crore.

Main News

The jewellery retailer launched its ₹1,541 crore IPO with a price band of ₹492–517 per share, which received a subscription of 2.70 times in the primary market.

Prior to the listing, the company raised ₹693 crore from anchor investors. The proceeds from the IPO’s fresh issue are aimed at funding working capital requirements and general corporate purposes.

Company Details

• Company Name: BlueStone Jewellery and Lifestyle Ltd
• Founded: 2011, Bengaluru
• Brand: Operates under flagship brand ‘BlueStone’
• Retail Presence:
  • 275 stores across 117 cities in 26 states and Union Territories
  • Coverage of more than 12,600 PIN codes across India
• Manufacturing Facilities: Located in Mumbai, Jaipur, and Surat

BlueStone, backed by venture capital firm Accel, has grown into a leading jewellery retailer with a strong omnichannel presence in India.

Summary

The BlueStone share price opened at a discount on its market debut, despite receiving good subscription during the IPO. With a market cap of over ₹7,699 crore, the jewellery retailer continues to expand its footprint with a wide retail network and manufacturing base. The IPO funds will primarily support working capital needs and corporate growth initiatives.