Bluestone IPO: Jewellery retailer Bluestone files for IPO, to sell new shares worth $118 million

Bluestone Jewellery and Lifestyle filed for an initial public offering on Thursday, aiming to cash in on a booming IPO market in a country that is also the world’s second-biggest gold consumer.

Bluestone will issue new shares worth Rs 10 billion ($117.8 million). Existing shareholders, including Accel and Kalaari Capital, will sell 24 million shares in the offering, the draft prospectus showed.

The jewellery market in India, estimated at $85.52 billion in 2023, is expected to grow 5.7% annually in 2030.

The company is the latest to join a growing list of firms tapping the country’s bustling capital market, in which more than 300 companies have raised $17.5 billion so far in 2024 – more than double the amount raised last year, data compiled by LSEG showed.

The jeweller plans to use proceeds from the offering to fund its working capital needs, it said in the prospectus.

Web Development

A Comprehensive ASP.NET Core MVC 6 Project Guide for 2024

By – Metla Sudha Sekhar, IT Specialist and Developer
Web Development

12-Factor App Methodology: Principles and Guidelines

By – Prince Patni, Software Developer (BI, Data Science)
Web Development

Advanced C++ Mastery: OOPs and Template Techniques

By – Metla Sudha Sekhar, IT Specialist and Developer
Office Productivity

Excel Essentials to Expert: Your Complete Guide

By – Study At Home, Quality Education Anytime, Anywhere
Data Science

SQL for Data Science along with Data Analytics and Data Visualization

By – Metla Sudha Sekhar, IT Specialist and Developer
Astrology

Vastu Shastra Course

By – Sachenkumar Rai, Vastu Shashtri
Web Development

JavaScript Essentials: Unlock AI-Driven Insights with ChatGPT

By – Metla Sudha Sekhar, IT Specialist and Developer
Finance

A2Z Of Money

By – elearnmarkets, Financial Education by StockEdge
Web Development

Maximizing Developer Productivity: The Pomodoro Technique in Practice

By – Prince Patni, Software Developer (BI, Data Science)
Finance

A2Z Of Finance: Finance Beginner Course

By – elearnmarkets, Financial Education by StockEdge
Strategy

Succession Planning Masterclass

By – Nigel Penny, Global Strategy Advisor: NSP Strategy Facilitation Ltd.
Entrepreneurship

Marketing & Sales Strategies for Startups: From Concept to Conversion

By – Dr. Anu Khanchandani, Startup Coach with more than 25 years of experience
Entrepreneurship

Building Your Winning Startup Team: Key Strategies for Success

By – Dr. Anu Khanchandani, Startup Coach with more than 25 years of experience
Web Development

C++ Fundamentals for Absolute Beginners

By – Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)

AI-Powered Python Mastery with Tabnine: Boost Your Coding Skills

By – Metla Sudha Sekhar, IT Specialist and Developer
Entrepreneurship

Crafting a Powerful Startup Value Proposition

By – Dr. Anu Khanchandani, Startup Coach with more than 25 years of experience
Artificial Intelligence(AI)

AI for Everyone: Understanding and Applying the Basics on Artificial Intelligence

By – Ritesh Vajariya, Generative AI Expert
Marketing

Future of Marketing & Branding Masterclass

By – Dr. David Aaker, Professor Emeritus at the Haas School of Business, UC Berkeley, Author | Speaker | Thought Leader | Branding Consultant
Finance

Value and Valuation Masterclass

By – CA Himanshu Jain, Ex McKinsey, Moody’s, and PwC, Co – founder, The WallStreet School
Marketing

Digital Marketing Masterclass by Pam Moore

By – Pam Moore, Digital Transformation and Social Media Expert
Leadership

Business Storytelling Masterclass

By – Ameen Haque, Founder of Storywallahs