Jewellery startup BlueStone files for Rs 1,000 crore IPO

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Times of India 3h ago

Jewellery startup BlueStone files for Rs 1,000 crore IPO - Times of India

Quick Summary:

BlueStone Jewellery and Lifestyle, a Bengaluru-based company, has filed for an initial public offering (IPO) to raise ₹1,000 crore ($118 million).

The IPO includes a fresh issue of ₹750 crore for working capital and an offer-for-sale component where existing investors like Accel, Saama Capital, and Kalaari Capital will divest shares.

As of June, 2024, the company operated 110 company-owned stores and 93 franchised stores, covering a total area of over 3,50,000 square feet.