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,

BlueStone Jewellery And Lifestyle Pvt. is likely valued lower than most of its industry peers as it heads toward an initial public offering. The draft papers for the IPO, which comprises of a fresh issue worth Rs 1,000 crore and a 2.4 crore share sale by existing holders, were filed with the Securities and Exchange Board of India on Dec. 12.

BlueStone Jewellery and Lifestyle has filed for an initial public offering (IPO) with the Securities and Exchange Board of India (SEBI). The firm plans to issue fresh shares worth Rs.1,000 crore (approximately USD 118 million) and includes an offer for sale of up to 2.

India's Bluestone Jewellery and Lifestyle [BLUT.NS] filed for an initial public offering on Thursday, aiming to cash in on a booming IPO market in a country that is also the world's second-biggest gold consumer.

BlueStone Jewellery’s Rs 1,000 crore IPO marks its entry into the booming jewellery market, with Rs 750 crore from fresh shares allocated for working capital and corporate purposes.

The draft red herring prospectus (DRHP), which was submitted on Wednesday, states that the planned IPO consists of an offer for sale (OFS) of up to 2.4 crore equity shares by selling stockholders on top of a new issuance of shares valued at Rs 1,000 crore.

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.

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.

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 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.

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.