Bluestone files papers for IPO
Financial Express Pune|December 13, 2024
INTERNET FIRST JEWELLERY brand Bluestone has filed the draft documents for an initial public offer (IPO) with Sebi to raise funds through a combination of fresh issue and offer for sale.
FE BUREAU
Bluestone files papers for IPO

The company plans to raise ₹1,000 crore through fresh issuance, while existing shareholders Accel India, Saama Capital, Kalaari Capital Partners and Sunil Kant Munjal will sell as many as 23.99 million shares during the IPO.

Bluestone will use the funds raised from the IPO towards working capital requirements (₹750 crore) and general corporate purposes (₹250 crore).

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