Bluestone Jewelery IPO: How much IPO has been subscribed on the first day, check allotment and ltd
Bluestone jewelery IPO: The IPO of Bluestone, a gold and diamond jewelery company, opened on Monday. Today is the second day for this IPO and will be closed on Wednesday. The IPO of Bluestone Jewelery and Lifestyle Limited received 39 percent subscription on the first day on Monday. According to the data available with NSE, the IPO has received bids for 63,89,570 shares against the offerings of 1,65,14,421 shares.
NII category investors received very disappointing response
According to the data, the Bluestone Jewelry and Lifestyle reserved some part to the IPOs for different categories of investors, under which 57 percent subscription was received on the first day in the QIB category and 38 percent subscriptions in the category of retail investors. The NII category received only four percent subscription on the first day. Let us tell you that Bluestone Jewelery and Lifestyle had raised more than Rs 693 crore from anchor investors on Friday.
The company wants to raise Rs 1540.65 crore from IPO
Bluestone Jewelery has fixed a price band of Rs 492 to Rs 517 for each share of a face value of Rs 1 under its IPO. The company wants to raise a total of Rs 1540.65 crore from its IPO, for which a total of 2,97,99,798 shares will be issued. For this, 1,58,60,735 fresh shares worth Rs 820 crore will be issued to investors and 1,39,39,063 shares worth Rs 720.65 crore will be issued through OFS.
When will the company be listed in the stock market
The money received from the IPO will be used for working capital requirements and general company purposes. Share can be allotted on Thursday, August 14 after the IPO is closed on Wednesday, August 13. It is a mainboard IPO, which will be listed on both BSE and NSE major exchanges. The company’s listing in the stock market may be on Tuesday, August 19.
Disclaimer: This article has been written only for the purpose of information. Before any type of investment or before taking financial risks, consult your financial advisor. India TV will not be responsible for any type of risk.
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