BlueStone Jewellery & Lifestyle’s initial public offering (IPO) debuted on the exchanges with a ~1.3% discount to its issue price of ₹517 per share. On the NSE, shares opened at ₹510, while on the BSE, they began trading at ₹508.80—down by 1.35% and 1.59% respectively.
Recovery Seen Later in the Day
Despite the weak start, the stock bounced back impressively. Shares climbed over 6% from their opening levels, reaching intraday highs around ₹538, which reflected renewed investor interest post-listing.The Economic Times
Quick Context
- The IPO raised over ₹1,540 crore, via a mix of fresh issuance and offer-for-sale at a price band of ₹492–517.
- The overall subscription rate stood strong at 2.72 times, with institutional demand notably high, though retail and non-institutional segments were moderate.
Final Takeaway
BlueStone’s initial listing at a ~1.3% discount signals cautious investor sentiment, despite solid subscription numbers. However, the robust recovery within the same trading session indicates that confidence may be building in the brand’s long-term prospects—even amid growing competition in the jewellery retail space.
