BlueStone Jewellery plans an IPO to raise ₹820 crore for working capital and ₹720.6 crore through an offer for sale, reducing promoter stake. While revenue more than doubled between FY23 and FY25, losses widened, and inventory levels increased significantly. Investors may await financial clarity post-listing, considering its high price-to-sales ratio compared to peers.
BlueStone Jewellery plans an IPO to raise ₹820 crore for working capital and ₹720.6 crore through an offer for sale, reducing promoter stake. While revenue more than doubled between FY23 and FY25, losses widened, and inventory levels increased significantly. Investors may await financial clarity post-listing, considering its high price-to-sales ratio compared to peers.
