Bluestone’s IPO sees 39% subscription on first day

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Omnichannel jewellery retailer Bluestone’s initial public offering (IPO), which opened on August 11, was subscribed 39% on the first day.

According to data sourced from the BSE, investors bid for 6.3 million shares against the 16.5 million on offer. The retail category was subscribed 38%, while non-institutional investors (NIIs) subscribed to 4% of their quota.

Qualified institutional buyers (QIBs) bid for five million shares out of the 8.8 million reserved for them.

The IPO, which aims to raise up to Rs 1,540.6 crore through a fresh issue and an…



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Bluestone’s IPO sees 39% subscription on first day



Omnichannel jewellery retailer Bluestone’s initial public offering (IPO), which opened on August 11, was subscribed 39% on the first day.

According to data sourced from the BSE, investors bid for 6.3 million shares against the 16.5 million on offer. The retail category was subscribed 38%, while non-institutional investors (NIIs) subscribed to 4% of their quota.

Qualified institutional buyers (QIBs) bid for five million shares out of the 8.8 million reserved for them.

The IPO, which aims to raise up to Rs 1,540.6 crore through a fresh issue and an…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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