BlueStone Jewellery IPO subscribed 2.47 times so far on day 3: Check allotment steps

BlueStone Jewellery IPO: Contemporary jewellery manufacturer BlueStone Jewellery and Lifestyle Ltd's initial public offering has been booked more than two times so far on the final day of subscription on Wednesday, August 13.

The IPO, which seeks to raise ₹1,540.65 crore, involves an issuance of new equity shares worth ₹820 crore and an offer-for-sale (OFS) component of ₹720.65 crore. The price band is set at ₹492 to ₹517 per equity share, and a lot consists of 29 shares.

Those selling shares through the OFS include Accel India III (Mauritius) Ltd, Kalaari Capital Partners II LLC, Iron Pillar Fund I, Kalaari Capital Partners Opportunity Fund LLC, Iron Pillar India Fund I, Saama Capital II Ltd, and Sunil Kant Munjal (and other partners of Hero Enterprise Partner Ventures).

The money raised will be utilised for working capital requirements and serve general corporate purposes.

BlueStone Jewellery IPO day 3: Subscription status

The issue got bids for 4,07,22,235 shares against 1,65,14,421 shares on offer, translating to a 2.47 times subscription, according to NSE data until 2:39 pm on the final day of bidding on August 13.

Non-institutional investors' part fetched a 46% subscription, while the quota for retail investors got subscribed 1.13 times. The qualified institutional buyers category received 3.97 times the subscription.

Before the IPO, the company mobilised ₹693.29 crore in the anchor round from investors such as Amansa Holdings, SBI Life Insurance Company, Nippon India Mutual Fund (MF), DSP India MF, Axis MF, PGIM India MF, Aditya Birla SunLife MF, Motilal Oswal MF, Goldman Sachs, HDFC Life Insurance Co Ltd, and Societe Generale.

BlueStone Jewellery IPO allotment date

The basis of allotment of BlueStone Jewellery, which manufactures diamond, gold, platinum and studded jewellery, is likely to be finalised on Thursday, August 14. The details will be out on KFin Technologies, NSE and BSE.

BlueStone Jewellery IPO allotment status on KFin Technologies: Step-by-step guide

• Head to this URL: https://ipostatus.kfintech.com/
• Click on any link from five options available
• Select 'BlueStone Jewellery' from the 'Select IPO' dropdown
• Enter PAN, IPO application number, or Demat account number
• Submit the details

How to check BlueStone Jewellery IPO allotment status online on NSE

• Visit NSE's allotment status page at https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Click on 'Equity & SME IPO bid details'
• Select 'BlueStone Jewellery' with the symbol 'BLUESTONE'
• Enter application number and PAN card details
• Submit the details

Steps to check BlueStone Jewellery IPO allotment status online on BSE

• Visit BSE's IPO status page: https://bseindia.com/investors/appli_check.aspx
• Issue type should be 'Equity'
• Select 'BlueStone Jewellery' from 'Issue Name' list
• Mention IPO application number or PAN
• Press the 'Search' button