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BlueStone IPO Allotment Finalised as Shares Prepare for Aug 19 Debut

Processing of refunds on Aug 18 precedes the tentative listing scheduled for Aug 19.

Overview

  • The ₹1,540.65 cr IPO was split into an ₹820 cr fresh issue and a ₹720.65 cr offer-for-sale at a ₹492–517 price band.
  • Qualified institutional bids hit 4.28 times while non-institutional investors booked 0.55 times, resulting in a 2.7 times overall subscription.
  • Share allotment was finalised on Aug 14 and investors can verify their status through BSE, NSE or KFin Technologies.
  • Refunds to unsuccessful applicants and crediting of allotted shares are set for Aug 18 ahead of the listing on BSE and NSE.
  • Grey-market premiums near ₹2 imply a flat debut, and fresh-issue proceeds will fund working capital and general corporate purposes.