The IPO will consist of a fresh issue of shares worth ₹1,000 crore, along with an offer for sale (OFS) of up to 2.4 crore equity shares by existing shareholders, as per the company's draft red herring prospectus (DRHP).

BlueStone Jewellery and Lifestyle, which offers contemporary lifestyle diamond, gold, platinum, and studded jewellery under its flagship brand "BlueStone" has filed draft papers with markets regulator Sebi to raise funds through an initial public offering (IPO).

BlueStone Jewellery and Lifestyle has filed for an IPO to raise funds through a fresh issue and an offer for sale. The company plans to use the proceeds for working capital and expansion. BlueStone operates 203 stores across India and saw significant revenue growth in FY24.

BlueStone Jewellery and Lifestyle has filed IPO papers with Sebi seeking to raise Rs 1,000 crore. The offering includes a fresh issue and an offer for sale by existing shareholders.

The offer by the Bengaluru-based company consists of a fresh issue of Rs 1,000 crore and an OFS through which investors Accel, Saama Capital, Kalaari Capital, and Hero Groups Sunil Kant Munjal will divest a total of 24 million shares.

India's Bluestone Jewellery and Lifestyle [BLUT.NS] is seeking a valuation of at least 120 billion rupees ($1.41 billion) in an initial public offering, two sources said on Thursday. The jeweller is seeking to sell new shares worth 10 billion rupees,