Description

BlueStone Jewellery allocated 1.34 crore equity shares to 20 anchor investors at ₹517 per share, raising ₹693 crore ahead of its IPO.

Summary

BlueStone Jewellery and Lifestyle Limited has allocated 1,34,09,910 equity shares to 20 anchor investors at ₹517 per share, raising approximately ₹693 crore. The allocation was finalized on August 8, 2025, ahead of the company’s IPO comprising a fresh issue of ₹8,200 crore and offer for sale of 13,939,063 shares.

Key Points

  • Anchor investor allocation price fixed at ₹517 per equity share (including ₹516 premium)
  • Total 1,34,09,910 equity shares allocated to 20 institutional investors
  • Largest allocation to AMANSA Holdings (24.40%) and SBI Life Insurance (20.60%)
  • Multiple mutual funds and insurance companies participated
  • International investors include Goldman Sachs, New York State Teachers, and Societe Generale

Major Anchor Investors

  • AMANSA Holdings: 32,72,012 shares (24.40%) - ₹169.16 crore
  • SBI Life Insurance: 27,62,424 shares (20.60%) - ₹142.82 crore
  • Nippon India Small Cap Fund: 19,35,431 shares (14.43%) - ₹100.06 crore
  • Goldman Sachs India Equity Portfolio: 13,70,366 shares (10.22%) - ₹70.85 crore
  • HDFC Life Insurance: 6,67,290 shares (4.98%) - ₹34.50 crore

IPO Structure

  • Fresh Issue: Up to ₹8,200 crore
  • Offer for Sale: 13,939,063 equity shares
  • Face Value: ₹1 per share
  • Book Running Lead Managers: Axis Capital, IIFL Capital Services, Kotak Mahindra Capital

Company Details

  • Registered Office: Bangalore, Karnataka
  • Corporate Office: Mumbai, Maharashtra
  • Business: Jewellery and lifestyle products
  • CIN: U72900KA2011PLC059678

Impact Assessment

Strong anchor investor participation with diverse institutional backing indicates confidence in BlueStone’s business model and growth prospects. The successful anchor allocation at ₹517 per share sets a positive precedent for the upcoming public issue pricing and retail investor response.

Impact Justification

Significant IPO anchor allocation indicating strong institutional interest in upcoming public offering