BlueStone Jewellery files DRHP with SEBI to raise ₹1,000 crore via fresh issue, OFS; Check IPO details
Live MintBlueStone Jewellery filed preliminary draft papers with the capital markets regulator, the Securities and Exchange Board of India, on Thursday, December 12, 2024, to raise funds through an initial public offering. BlueStone Jewellery IPO Details According to the draft red herring prospectus filed to the market regulator, the proposed IPO of the country's second-largest digital-first jewellery brand combines a fresh issue of shares worth ₹1,000 crore with an offer for sale of up to 2.4 crore equity shares by the selling shareholders. Accel India, Saama Capital, Kalaari Capital Partners, IvyCap Ventures Trust, Iron Pillar Fund, and Sunil Kant Munjal will be the selling shareholders in the OFS. Saama Capital II, Kalaari Capital Partners II, Kalaari Capital Partners Opportunity Fund, and IvyCap Ventures Trust – Fund 1 plan to exit Bluestone Jewellery by selling their shareholding. Among the prominent investors are Accel India, Sunil Munjal, Kalaari Capital, 360 One, Peak XV, MIH Investments, Samma Capital, Steadview, Iron Pillar, IvyCap Ventures, Access India Capital, and Think Investments, among others.