BlueStone Jewellery IPO opens at ₹492–₹517. Grey Market Premium (GMP) now trades between ₹9–₹16, signalling modest listing gains. Learn what GMP means, allotment timeline, risks & whether to subscribe.
BlueStone Jewellery IPO GMP — The Spark Before Listing?
Hello savvy investors, hope your chai is strong—because so is the blue-blooded excitement around the BlueStone Jewellery IPO. Rolling out its book-built public offering between ₹492–₹517 per share, the IPO has started its subscription journey from August 11 to August 13, 2025.The Economic Times+1
But before it lists, the Grey Market Premium (GMP) gives us a glimpse of investor sentiment. And it’s hovering between ₹9–₹16 per share.India Todaymint That translates to a modest 1.7% potential listing gain, not a blockbuster but definitely not mundane either.
Quick Primer: What Is GMP & Why It Matters
For the uninitiated, GMP (Grey Market Premium) is like the pre-show buzz before the main event opens. It captures investor sentiment and expectations—but remember, it’s unofficial and speculative, always tread with caution.The Economic TimesGoodreturns
A ₹9 GMP on a ₹517 upper band implies a speculative listing target around ₹526–₹533, depending on which source you trust. But it’s a soft whisper—far from a firm handshake.
IPO Snapshot & Buzz
Here’s how the BlueStone IPO stands at a glance:
| Parameter | Detail |
|---|---|
| Price Band | ₹492 – ₹517/share |
| IPO Size | ₹1,540.65 crore |
| Fresh Issue | ₹820 crore |
| Offer for Sale | ₹720.65 crore |
| Subscription | August 11–13, 2025 |
| GMP Today | ₹9 (1.74%) to ₹16 |
| Allotment Date | August 14, 2025 |
| Listing Date | August 19, 2025 |
| Lead Managers | Axis Capital, IIFL, Kotak |
| Registrar | Kfin Technologies |
| Valuation Band | ~₹7,800 crore market cap |
Is GMP Growing? Investor Sentiment Snapshot
There’s a collection of whispers in the grey market today:
- Financial Express flags GMP at ₹9, noting a fair, cautious enthusiasm.India Today
- ValueResearch pegs it at 2%, cheering but not dancing.Value Research Online
- Mint reports a festive ₹16 GMP on Day 1—quite bullish.mint
That kind of variance is common—it’s the emotion of the retail crowd in a nutshell.
Risks & Things to Remember
Even as the GMP glimmers, keep your wits sharp:
- Financial Performance: The firm still reports a net loss of ₹222 crore in FY25, compared to ₹167 crore in FY24.The Economic Times
- Inventory Woes: Rising inventory days point to operational inefficiencies in the jewellery space.
- Competition & Cost: This is a capital-intensive business with tight margins—competition is no joke.
Some brokers suggest holding off if you’re looking for listing-day gains. Others, like SBI Securities, see the expansion potential and are advocating a long-term subscribe.India Today
FAQs
What is GMP and why does it matter?
GMP (Grey Market Premium) is the speculative pre-listing price above the upper band. It’s a sentiment gauge—not a guarantee.Goodreturns
What’s the current GMP for BlueStone IPO?
It’s between ₹9 and ₹16, indicating a listing gain expectation of 1.7% to 3%.mintIndia Today
When will allotment and listing happen?
Allotment on August 14, listing expected August 19, 2025, on BSE & NSE.Threads
Should you invest based on GMP?
Not alone. Consider financials, growth plans, risk profile and long-term view before jumping in.
Final Words
The BlueStone IPO, with its modest 1.7–3% GMP spread, reflects cautious optimism—investors are excited, but not overly euphoric. Want fast listing gains? Maybe not a smash hit. But for long-term subscribers banking on brand traction and retail expansion, there’s a glimmer of promise.
Flash that warranty of patience, stack your knowledge, and your IPO inbox might just sparkle back.
