Ratan Tata backed Bluestone Jewelery is soon going to hit the market with its IPO. It is believed that the company is preparing to raise Rs 1500 crore from the market through IPO (Initial Public Offering).
The company is preparing to sell 10 to 12 percent stake through IPO (Initial Public Offering). In which apart from the press issue, the shares will also be sold through offer for sale. It is believed that the IPO of Bluestone Jewelery can be launched in the second quarter of the 2022-23 financial year. To bring the IPO, the company can file a company draft paper (DRHP) with SEBI in the next few days. The company has appointed ICICI Securities, IIFL Securities Jefferies and JM Financial as investment bankers for its IPO.
Bluestone Jewelery is one of the leading jewelery companies in the country which is known for its high quality fine jewelery designs. Has more than 8000 designs. The company wins certified jewelery lifetime exchange offer along with 30 days money back guarantee. According to the report, the organized jewelery market share in the country is expected to increase from 33 per cent in 2020 to 37 per cent by 2025. The country’s retail jewelry business is worth $64 billion.
