Bluestone shares rise 7% after muted debut on stock exchanges

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Omnichannel jewellery retailer Bluestone saw its shares rally to rise 7.3% to Rs 546 on the BSE on Tuesday following a muted debut on Indian stock exchanges.

Shares had opened at a 1.5% discount to the IPO price of Rs 517 on the BSE, while the NSE opening price was Rs 510. The company’s market capitalisation at the end of the day stood at Rs 8,262.09 crore.

Early investors in Bluestone posted substantial gains following the market debut. Accel India saw an 8.1 times investment multiple at IPO price of Rs 517, while Saama Capital’s investment jumped…



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Bluestone shares rise 7% after muted debut on stock exchanges



Omnichannel jewellery retailer Bluestone saw its shares rally to rise 7.3% to Rs 546 on the BSE on Tuesday following a muted debut on Indian stock exchanges.

Shares had opened at a 1.5% discount to the IPO price of Rs 517 on the BSE, while the NSE opening price was Rs 510. The company’s market capitalisation at the end of the day stood at Rs 8,262.09 crore.

Early investors in Bluestone posted substantial gains following the market debut. Accel India saw an 8.1 times investment multiple at IPO price of Rs 517, while Saama Capital’s investment jumped…



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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