BlueStone Jewellery and Lifestyle IPO
BlueStone Jewellery and Lifestyle Limited (BLUESTONE) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 19 August 2025.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain -2.8% (likely range -10% to +1%), day's high +0.7%, chance of a gain 33%. Actual: -1.4% at the open, +9.1% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 88,62,990 | 3,79,61,783 | 4.28x | |
| NII (HNI) total | 45,90,859 | 25,33,353 | 0.55x | |
| Big NII (above ₹10 lakh) | 30,60,573 | 20,32,813 | 0.66x | |
| Small NII (₹2-10 lakh) | 15,30,286 | 5,00,540 | 0.33x | |
| Retail | 30,60,572 | 41,27,164 | 1.35x | |
| Total | 1,65,14,421 | 4,46,22,300 | 2.70x |
Bids on NSE and BSE together, as published by NSE, as of 13 Aug 2025, 07:00 PM. Shares offered exclude the anchor portion. 8% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to BlueStone Jewellery and Lifestyle's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| KFin TechnologiesDec 2022 | 4.17x | 0.23x | 1.36x | 2.59x | ₹1,582 Cr | +0.3% | +1.9% |
| Juniper HotelsFeb 2024 | 2.96x | 0.85x | 1.28x | 2.08x | ₹1,895 Cr | +1.4% | +11.5% |
| Varun BeveragesOct 2016 | 4.94x | 0.42x | 0.82x | 1.86x | ₹1,112 Cr | -3.4% | +6.0% |
| Avalon TechnologiesApr 2023 | 3.57x | 0.41x | 0.84x | 2.21x | ₹909 Cr | 0.0% | 0.0% |
| L&T Technology ServicesSep 2016 | 5.01x | 1.03x | 1.75x | 2.53x | ₹894 Cr | +7.0% | +8.3% |
| Paradeep PhosphatesMay 2022 | 3.01x | 0.82x | 1.37x | 1.75x | ₹1,637 Cr | +4.8% | +12.5% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Axis Capital | 107 | +20.4% | 73% |
| IIFL Capital Services Limited (formerly known as IIFL Securities Limited) and Kotak Mahindra Capital Company | 11 | +5.7% | 64% |
Offer documents (NSE)
Frequently asked
What is the BlueStone Jewellery and Lifestyle IPO price band and lot size? ₹492–517 per share, with a lot of 29 shares, so the smallest retail bid is ₹14,993.
How many times has it been subscribed? 2.70x overall: QIB 4.28x, NII 0.55x, retail 1.35x.
How did it list? It opened at ₹510, -1.4% against the issue price of ₹517, and closed its first day +5.6%.
