Overview

• BlueStone narrowed its IPO to a fresh issue of Rs 820 crore and an offer-for-sale of 1.39 crore shares, down from an initially planned Rs 1,000 crore and 2.39 crore shares.
• It set the price band at Rs 492–517 per share, targeting a valuation of about Rs 7,800 crore (roughly $888 million).
• Rs 750 crore of the fresh issue proceeds will be used to fund working capital needs, primarily inventory financing across its physical stores.
• Anchor investors can bid on August 8 ahead of the public subscription window running from August 11 to August 13, with shares slated to list on BSE and NSE on August 19.
• The Bengaluru-based retailer operates over 200 stores in 86 cities and reported a 56% rise in FY25 net losses to Rs 221.8 crore on a 40% increase in revenue to Rs 1,770 crore.